{"id":11778,"date":"2022-03-26T23:56:00","date_gmt":"2022-03-26T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=11778"},"modified":"2025-07-11T09:57:10","modified_gmt":"2025-07-11T01:57:10","slug":"%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/","title":{"rendered":"\u6295\u8cc7ETF\u7684\u7f3a\u9ede\uff0c\u81f3\u5c11\u67096\u9805"},"content":{"rendered":"\n<p>\u6211\u5011\u6703\u5728\u672c\u6587\u8a0e\u8ad6\u6295\u8cc7ETF\u7684\u7f3a\u9ede\u3002\u672c\u6587\u6240\u8a0e\u8ad6\u7684ETF\uff0c\u662f\u6307\u6240\u6709\u7684\u80a1\u7968\u578bETF\uff1b\u4e26\u4e0d\u9650\u65bc\u8ffd\u8e64\u5927\u76e4\u7684ETF\u3002\u95dc\u65bcETF<span style=\"font-size: revert;\">\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/12\/04\/%e5%a4%a7%e9%83%a8%e4%bb%bd%e6%8a%95%e8%b3%87%e4%ba%ba%e6%87%89%e8%ae%93%e8%b2%b7%e5%a4%a7%e7%9b%a4etf\/\">\u5927\u90e8\u4efd\u6295\u8cc7\u4eba\u61c9\u8a72\u6295\u8cc7\u5927\u76e4ETF<\/a>\u300b<\/span>\uff0c\u8acb\u6709\u8208\u8da3\u7684\u8b80\u8005\uff0c\u53ef\u4ee5\u5148\u8b80\u4e00\u4e0b\u6211\u7684\u9019\u7bc7\u6587\u7ae0\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/#ETF%E7%9A%84%E7%BC%BA%E9%BB%9E%E7%AC%AC%E4%B8%80%E7%82%BA%E6%8C%81%E6%9C%89%E8%B2%BB%E7%94%A8\" >ETF\u7684\u7f3a\u9ede\u7b2c\u4e00\u70ba\u6301\u6709\u8cbb\u7528<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/#%E5%A0%B1%E9%85%AC%E7%8E%87%E6%9C%89%E9%99%90\" >\u5831\u916c\u7387\u6709\u9650<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/#%E4%B9%85%E7%BC%BA%E5%BD%88%E6%80%A7\" >\u4e45\u7f3a\u5f48\u6027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/#%E6%88%90%E4%BB%BD%E8%82%A1%E6%BF%AB%E7%AB%BD%E5%85%85%E6%95%B8\" >\u6210\u4efd\u80a1\u6feb\u7afd\u5145\u6578<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/#%E7%84%A1%E8%81%8A\" >\u7121\u804a<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/#%E9%9C%80%E8%A6%81%E6%99%82%E9%96%93\" >\u9700\u8981\u6642\u9593<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/#%E6%8A%95%E8%B3%87%E4%BA%BA%E7%9A%84%E8%BF%91%E8%A6%96%E7%8F%BE%E8%B1%A1\" >\u6295\u8cc7\u4eba\u7684\u8fd1\u8996\u73fe\u8c61<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"ETF%E7%9A%84%E7%BC%BA%E9%BB%9E%E7%AC%AC%E4%B8%80%E7%82%BA%E6%8C%81%E6%9C%89%E8%B2%BB%E7%94%A8\"><\/span><strong>ETF\u7684\u7f3a\u9ede<\/strong>\u7b2c\u4e00\u70ba<strong>\u6301\u6709\u8cbb\u7528<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-normal-font-size\">\u4e0d\u8ad6\u90a3\u4e00\u6a94ETF\uff0c\u4e0d\u8ad6\u5728\u4efb\u4f55\u570b\u5bb6\u7684\u80a1\u5e02\uff0c\u6bcf\u5e74\u90fd\u9700\u4ed8\u51fa\u4e00\u5b9a\u767e\u5206\u6bd4\u7684\u5e74\u5ea6\u4fdd\u7ba1\u8cbb\u3002\u5f88\u5c11\u4eba\u628aETF\u7576\u80a1\u7968\u77ed\u7dda\u4e00\u6a23\u7684\u7092\u4f5c\uff0c\u4e00\u822c\u90fd\u6703\u9577\u671f\u6301\u6709\uff08\u5426\u5247\u6839\u672c\u5f88\u96e3\u8cfa\u5230\u53ef\u89c0\u7684\u9322\uff09\uff1b\u6240\u4ee5\u5e74\u5ea6\u4fdd\u7ba1\u8cbb\u662f\u4e3b\u8981\u7684\u6301\u6709\u6210\u672c\u3002\u4fdd\u7ba1\u8cbb\u4e0d\u53ef\u80fd\u662f\u96f6\uff0c\u56e0\u70baETF\u767c\u884c\u5546\u9700\u8981\u96a8\u8457\u5404\u7d44\u6210\u80a1\u7968\u7684\u50f9\u683c\uff0c\u96a8\u6642\u8cb7\u9032\u548c\u8ce3\u51fa\u80a1\u7968\uff0c\u9032\u884c\u7d44\u5408\u6301\u80a1\u7684\u6bd4\u91cd\u8abf\u6574\u3002 <\/p>\n\n\n\n<p>\u4f46\u5225\u5fd8\u4e86\uff0c\u5728\u7f8e\u570b\u4ee5\u5916\u7684\u80a1\u5e02\uff0c\u8cb7\u8ce3ETF\u548c\u8cb7\u8ce3\u4e00\u822c\u80a1\u7968\u4e00\u6a23\uff0c\u90fd\u9700\u8981\u652f\u4ed8\u4ea4\u6613\u624b\u7e8c\u8cbb\uff0c\u9019\u53ef\u4e0d\u662f\u4e00\u7b46\u5c0f\u9322\uff0c\u90fd\u9700\u8981\u5217\u5165\u8003\u91cf\u3002<\/p>\n\n\n\n<p>\u76f8\u8f03\u800c\u8a00\u3002\u4ee5\u7f8e\u80a1\u800c\u8a00\uff0c\u9664\u975e\u60a8\u6301\u6709\u975e\u7f8e\u570b\u516c\u53f8\u5728\u7f8e\u80a1\u4e0a\u5e02\u7684ADR\u80a1\u7968\uff0c\u5426\u5247\u6839\u672c\u4e0d\u9700\u8981\u4efb\u4f55\u6301\u6709\u8cbb\u7528\u3002\u800c\u4e14\u7f8e\u80a1\u73fe\u5728\u8cb7\u8ce3\u7684\u4ea4\u6613\u624b\u7e8c\u8cbb\u4e5f\u65e9\u90fd\u662f\u96f6\u4e86\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E5%A0%B1%E9%85%AC%E7%8E%87%E6%9C%89%E9%99%90\"><\/span><strong>\u5831\u916c\u7387\u6709\u9650<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6211\u5728<a style=\"font-size: revert;\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/08\/18\/%e7%82%ba%e4%bb%80%e9%ba%bc%e9%9c%80%e8%a6%81%e9%9b%86%e4%b8%ad%e6%8a%95%e8%b3%87%ef%bc%9f\/\">\u300a\u70ba\u4ec0\u9ebc\u9700\u8981\u96c6\u4e2d\u6295\u8cc7\uff1f\u300b<\/a>\u4e00\u6587\u4e2d\u5f88\u8a73\u7d30\u5730\u89e3\u91cb\u904e\uff0c\u96a8\u8457\u6295\u8cc7\u7d44\u5408\u88e1\u7684\u6210\u54e1\u6578\u76ee\u7684\u589e\u52a0\uff0c\u5c31\u6703\u6e1b\u4f4e\u6295\u8cc7\u7d44\u5408\u7684\u50f9\u683c\u6ce2\u52d5\uff1b\u4e5f\u5c31\u662f\u591a\u6578\u4eba\u6240\u8b02\u7684\u5206\u6563\u6295\u8cc7\u98a8\u96aa\u3002ETF\u7d44\u5408\u88e1\u9762\u7684\u80a1\u7968\u6578\u76ee\uff0c\u4e00\u822c\u4f86\u8aaa\uff0c\u4e00\u5b9a\u6703\u8d85\u904e5\u52307\u6a94\uff0c\u5df2\u7d93\u80fd\u5920\u5145\u5206\u5730\u5206\u6563\u6295\u8cc7\u7d44\u5408\u7684\u98a8\u96aa\u3002\u7576\u7136\u597d\u8655\u5c31\u662f\u964d\u4f4e\u6ce2\u52d5\uff0c\u58de\u8655\u5c31\u662f\u62c9\u4f4e\u80a1\u50f9\u683c\u7684\u6ce2\u52d5\u8868\u73fe\u2500\u2500\u2500\u2500\u7d50\u679c\u5c31\u662f\u7121\u6cd5\u53d6\u5f97\u8f03\u4f73\u7684\u5831\u916c\u3002\u767d\u8a71\u6587\u4f86\u8aaa\uff0c\u9019\u662f\u5206\u6563\u6295\u8cc7\u98a8\u96aa\u7684\u5fc5\u8981\u4e4b\u60e1\u3002<\/p>\n\n\n\n<p>\u4ee5\u6295\u8cc7\u8ffd\u8e64\u4ee3\u8868\u7f8e\u80a1\u5927\u76e4\u7684\u6a19\u666e500\u6307\u6578\u7684ETF\u4f86\u8aaa\uff0c\u904e\u53bb25\u5e74\u7684\u5e74\u5316\u5831\u916c\u7387\u662f7.51%\u3002\u7684\u78ba\u662f\u53ea\u6709\u500b\u4f4d\u6578\u800c\u5df2\u7684\u5831\u916c\uff0c\u9700\u89819.57\u5e74\u60a8\u7684\u6295\u8cc7\u7d44\u5408\u50f9\u503c\u624d\u80fd\u500d\u589e\u3002<\/p>\n\n\n\n<p>\u53ef\u662f\u6295\u8cc7\u4eba\u5225\u5fd8\u4e86\uff0c\u9019\u662f\u4e00\u500b\u57fa\u672c\u7684\u9078\u64c7\u6027\u554f\u984c\u3002\u6295\u8cc7ETF\u7684\u6295\u8cc7\u4eba\u5728\u8cb7\u5165ETF\u6642\uff0c\u4e8b\u5148\u5c31\u5df2\u7d93\u77e5\u9053\u5831\u916c\u6703\u8f03\u500b\u80a1\u5dee\u7684\u9019\u500b\u7d50\u679c\u4e86\u3002\u53e6\u5916\uff0c\u9019\u6a23\u7684\u5831\u916c\u4e0d\u53ea\u53ef\u4ee5\u6253\u655779%\u7684\u5c08\u696d\u80a1\u7968\u57fa\u91d1\u7d93\u7406\u4eba\uff0c\u800c\u4e14\u4e00\u5b9a\u53ef\u4ee5\u8b93\u60a8\u6253\u6557\u901a\u81a8\u3002\u9019\u4e9b\u6211\u5728\u6b64\u4e0d\u518d\u91cd\u8986\uff0c\u8acb\u53c3\u898b\u6211\u7684\u90e8\u843d\u683c\u88e1\u6211\u5148\u524d\u767c\u8868\u95dc\u65bcETF\u7684\u6587\u7ae0\u3002 <\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E4%B9%85%E7%BC%BA%E5%BD%88%E6%80%A7\"><\/span><strong>\u4e45\u7f3a\u5f48\u6027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7531\u65bcETF\u662f\u7531\u8a31\u591a\u80a1\u7968\u6240\u7d44\u6210\u7684\uff0c\u7b49\u65bc\u662f\u4e00\u7c43\u5b50\u80a1\u7968\u7684\u6295\u8cc7\u7d44\u5408\uff0cETF\u7d44\u5408\u5167\u7684\u7d44\u6210\u80a1\u7968\u6210\u54e1\u662f\u56fa\u5b9a\u7684\uff0c\u800c\u4e14\u662f\u5fc5\u9808\u5411\u6295\u8cc7\u4eba\u516c\u958b\u7684\uff0c\u7121\u6cd5\u6bcf\u5929\u6216\u96a8\u6642\u8b8a\u66f4\u3002\u767c\u884c\u55ae\u4f4d\u90fd\u6709\u4e00\u5b9a\u7684\u5167\u5916\u6d41\u7a0b\u8981\u8dd1\uff0c\u5373\u4f7f\u767c\u884c\u55ae\u4f4d\u60f3\u8981\u66ff\u63db\u6210\u4efd\u80a1\uff0c\u4e5f\u662f\u66e0\u65e5\u5ee2\u6642\uff0c\u7121\u6cd5\u7acb\u5373\u53cd\u6620\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E6%88%90%E4%BB%BD%E8%82%A1%E6%BF%AB%E7%AB%BD%E5%85%85%E6%95%B8\"><\/span><strong>\u6210\u4efd\u80a1\u6feb\u7afd\u5145\u6578<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6709\u4e0d\u5c11\u7684ETF\u767c\u884c\u5546\u57fa\u65bc\u5404\u7a2e\u4ed6\u4e0d\u6703\u544a\u8a34\u4f60\u7684\u7406\u7531\uff08\u6295\u8cc7\u4eba\u5207\u83ab\u9810\u8a2d\u8ca1\u5bcc\u7ba1\u7406\u696d\u8005\u90fd\u5f88\u5c08\u696d\u548c\u90fd\u5f88\u6709\u826f\u5fc3\uff09\uff0c\u5728\u6311ETF\u4e00\u7c43\u5b50\u80a1\u7968\u7684\u6295\u8cc7\u7d44\u5408\u6642\uff0c\u591a\u5c11\u90fd\u6703\u6709\u610f\u6216\u7121\u610f\u5730\uff08\u901a\u5e38\u662f\u6709\u610f\u5730\u548c\u4e0d\u5c08\u696d\uff09\u7f6e\u5165\u6839\u672c\u4e0d\u76f8\u5e72\u6216\u8868\u73fe\u5f88\u5dee\u7684\u80a1\u7968\u3002\u4f46\u56e0\u70ba\u60a8\u8cb7\u7684\u662fETF\uff0c\u60a8\u7121\u6cd5\u62d2\u7d55\uff0c\u53ea\u80fd\u88ab\u8feb\u63a5\u53d7\u62c9\u4e0b\u6574\u9ad4\u8868\u73fe\u7684\u9019\u5e7e\u6a94\u88ab\u7f6e\u5165\u7684\u5dee\u52c1\u80a1\u7968\u3002<\/p>\n\n\n\n<p>\u6211\u6642\u5e38\u8209\u4e00\u500b\u4f8b\u5b50\uff0c\u6709\u4e00\u6a94\u5f88\u53f0\u7063\u77e5\u540d\u7684\u696d\u8005\u767c\u884c\u7684\u96fb\u52d5\u8ecaETF\uff0c\u88e1\u9762\u7adf\u7136\u6709\u4e2d\u92fc\uff0c\u653e\u4e86\u570b\u5916\u5e7e\u5bb6\u96fb\u5b50\u80a1\uff0c\u4f46\u7adf\u7136\u6c92\u6709\u8eca\u7528\u6676\u7247\u7684\u91cd\u8981\u5ee0\u5546\u5fb7\u5dde\u5100\u5668\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aTXN\uff09\uff1b\u696d\u8005\u56de\u7b54\u56e0\u70ba\u96fb\u52d5\u8eca\u4e5f\u662f\u8eca\uff0c\u9700\u8981\u7528\u5230\u92fc\u6750\uff08\u90a3\u8eca\u5b50\u88e1\u9762\u66f4\u591a\u7684\u662f\u5851\u81a0\uff0c\u70ba\u4f55\u6c92\u6709\u53f0\u5851\uff1f\uff09\uff1b\u81f3\u65bc\u6c92\u6709\u5fb7\u5dde\u5100\u5668\uff0c\u4ed6\u652f\u543e\u5176\u8a5e\u7b54\u4e0d\u51fa\u4f86\uff08\u6211\u731c\u4ed6\u61c9\u8a72\u6c92\u6709\u76f8\u95dc\u7684\u7522\u696d\u77e5\u8b58\uff09\u3002\u9019\u5c31\u662f\u6211\u4e0d\u63a8\u85a6\u6295\u8cc7\u4eba\u6295\u8cc7\u975e\u5927\u76e4ETF\u7684\u4e3b\u8981\u7406\u7531\u4e4b\u4e00\u3002 \u95dc\u65bc\u5fb7\u5dde\u5100\u5668\uff0c\u8a73\u898b\u6211\u7684\u6587\u7ae0\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/11\/22\/%e5%be%b7%e5%b7%9e%e5%84%80%e5%99%a8%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/\">\u5fb7\u5dde\u5100\u5668\uff08Texas Instruments\uff09\u5982\u4f55\u8cfa\u9322\uff1f\u9a5a\u4eba\u7684\u9577\u671f\u8cc7\u672c\u56de\u5831\u548c\u516c\u53f8\u6de8\u5229\u6f64\u7387\uff01<\/a>\u300b\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E7%84%A1%E8%81%8A\"><\/span><strong>\u7121\u804a<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7d04\u7ff0\uff0e\u7279\u96f7\u6069\u8aaa\u904e\u300c\u6295\u8cc7\u662f\u4e00\u9805\u7d30\u7bc0\u7684\u904a\u6232\u300d\u3002<strong>\u6295\u8cc7\u672c\u8eab\u5c31\u662f\u4e00\u4ef6\u91cd\u8996\u7d30\u7bc0\uff0c\u91cd\u8986\u6027\u5f88\u9ad8\uff0c\u800c\u4e14\u67af\u71e5\u4e4f\u5473\u7684\u4e8b\u60c5\uff0c\u4e0d\u662f\u8b93\u4f60\u627e\u6a02\u5b50\u7684\u4e8b\u3002<\/strong>\u8acb\u8a18\u4f4f\u5df4\u83f2\u7279\u8aaa\u904e\u7684\u8a71\u300c\u6211\u5011\u8a31\u591a\u6210\u529f\u7684\u6295\u8cc7\u90fd\u53ef\u4ee5\u6b78\u529f\u65bc\u4e0d\u7a4d\u6975\u7684\u6295\u8cc7\u884c\u70ba\uff1b\u5927\u90e8\u4efd\u7684\u6295\u8cc7\u4eba\u90fd\u7121\u6cd5\u62b5\u6297\u8a98\u60d1\uff0c\u800c\u4e0d\u505c\u5730\u8cb7\u9032\u548c\u8ce3\u51fa\u3002\u300d <\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E9%9C%80%E8%A6%81%E6%99%82%E9%96%93\"><\/span><strong>\u9700\u8981\u6642\u9593<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7531\u65bcETF\u4e5f\u662f\u80a1\u7968\uff0cETF\u56e0\u70ba\u662f\u7531\u591a\u6a94\u80a1\u7968\u7d44\u6210\uff0c\u6ce2\u52d5\u98a8\u96aa\u6703\u964d\u4f4e\u8a31\u591a\uff0cETF\u6f32\u52e2\u6703\u6bd4\u500b\u80a1\u5c0f\u5f88\u591a\u3002\u80a1\u7968\u6295\u8cc7\u9700\u8981\u9577\u671f\u624d\u80fd\u898b\u6548\uff0c\u66f4\u4f55\u6cc1\u662fETF\u4e86\u3002\u5982\u679c\u5e0c\u671b\u77ed\u671f\u7372\u5229\uff0c\u6c92\u6709\u8010\u5fc3\u8005\uff0c\u6216\u662f\u628aETF\u7576\u500b\u80a1\u7092\u4f5c\u8005\uff0c\u5efa\u8b70\u4e0d\u8981\u6295\u8cc7ETF\u4e86\u3002\u56e0\u70baETF\u548c\u80a1\u7968\u7684\u6295\u8cc7\u512a\u52e2\u5728\u65bc\u9577\u671f\u8907\u5229\uff0c\u5efa\u8b70\u6301\u6709\u6700\u5c1110\u5e74\u4ee5\u4e0a\uff0c\u6301\u6709\u5c11\u65bc5\u5e74\uff0c\u6839\u672c\u5f88\u96e3\u770b\u51fa\u5b83\u7684\u5831\u916c\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"144\" height=\"108\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2022\/09\/Toroso-asset-management-1600x1200-1.jpg\" alt=\"ETF\u7684\u7f3a\u9ede\" class=\"wp-image-25100\"\/><figcaption class=\"wp-element-caption\">credit: Toroso asset management<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E4%BA%BA%E7%9A%84%E8%BF%91%E8%A6%96%E7%8F%BE%E8%B1%A1\"><\/span><strong>\u6295\u8cc7\u4eba\u7684\u8fd1\u8996\u73fe\u8c61<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7279\u5225\u63d0\u9192<a href=\"https:\/\/investor.vanguard.com\/etf\/profile\/performance\/voo\/cumulative-returns\" target=\"_blank\" rel=\"noopener\">ETF\u6295\u8cc7\u4eba\u7684\u662f\u904e\u53bb\u4e09\u5e74\uff082019-2021\uff09\u4e0d\u8ad6\u662f\u53f0\u80a1\u6216\u7f8e\u80a1\u7684\u5927\u76e4\u6307\u6578\u52d5\u8f1220%\u7684\u5e74\u5831\u916c\u7387<\/a>\u662f\u6975\u4e0d\u6b63\u5e38\u7684\u7570\u5e38\u60c5\u5f62\uff0c\u4e5f\u56e0\u6b64\u9020\u6210\u8a31\u591a\u4eba\u8702\u64c1\u800c\u81f3\u5730\u6295\u5165\u5927\u76e4ETF\u3002\u5927\u76e4ETF\u770b\u7684\u662f10\u5e74\u4ee5\u4e0a\u7684\u5e74\u5316\u5831\u916c\u7387\uff0c\u5982\u679c\u60a8\u5f88\u96e3\u540c\u610f\u9019\u6a23\u7684\u4e8b\u5be6\uff0c\u90a3\u5949\u52f8\u60a8\u53e6\u505a\u6253\u7b97\uff0c\u4e0d\u8981\u8003\u616e\u6295\u8cc7\u5927\u76e4ETF\u3002\u56e0\u70ba\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u904e\u53bb26\u5e74\u53f0\u80a1\u5927\u76e4ETF\u7684\u5e74\u5316\u5831\u916c\u7387\u662f8.09%\uff0c\u904e\u53bb26\u5e74\u4ee3\u8868\u7f8e\u80a1\u5927\u76e4\u7684\u6a19\u666e500\u7684ETF\u7684\u5e74\u5316\u5831\u916c\u7387\u662f8.2%\u3002<\/li>\n\n\n\n<li>\u751a\u81f3\u65bc\u75312001\u5e74\u52302010\u5e74\u5e95\u622a\u6b62\uff0c\u7f8e\u80a1\u6a19\u666e500\u5e74\u5316\u5831\u916c\u662f\u8ca0\u76840.49%\uff1b\u4f46\u662f2011\u5e74\u52302020\u5247\u662f\u7f8e\u80a1\u53f2\u4e0a\u5c11\u898b\u7684\u725b\u5e02\uff0c\u6a19\u666e500\u5e74\u5316\u5831\u916c\u9ad8\u905411.56%\u3002<\/li>\n\n\n\n<li>\u82e5\u518d\u628a\u6642\u9593\u62c9\u5f97\u66f4\u9577\uff0c\u5927\u76e4ETF\u7684\u5e74\u5316\u5831\u916c\u9084\u6703\u518d\u7a0d\u5fae\u964d\u4f4e\u4e00\u9ede\uff1b\u9019\u662f\u56e0\u70ba\u904e\u53bb\u5341\u4e09\u5e74\u662f\u5168\u7403\u80a1\u5e02\u7684\u5c11\u898b\u591a\u982d\u884c\u60c5\u6240\u5c0e\u81f4\u7684\u3002 <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/07\/10\/%E7%BE%8E%E5%9C%8Betf%E6%8C%87%E6%95%B8%E5%9F%BA%E9%87%91%E7%9A%84%E6%B3%95%E8%A6%8F%E5%92%8C%E9%99%90%E5%88%B6%E9%80%A0%E6%88%90%E7%9A%84%E5%BE%8C%E6%9E%9C\/\">\u7f8e\u570bETF\u6307\u6578\u57fa\u91d1\u7684\u6cd5\u898f\u548c\u9650\u5236\u9020\u6210\u7684\u5f8c\u679c<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/12\/04\/%E5%A4%A7%E9%83%A8%E4%BB%BD%E6%8A%95%E8%B3%87%E4%BA%BA%E6%87%89%E8%AE%93%E8%B2%B7%E5%A4%A7%E7%9B%A4etf\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u70ba\u4ec0\u9ebc\u5927\u90e8\u4efd\u7684\u6295\u8cc7\u4eba\u90fd\u61c9\u8a72\u6295\u8cc7\u5927\u76e4ETF<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/05\/29\/%e6%8a%95%e8%b3%87%e4%ba%ba%e6%ad%a3%e5%bf%ab%e9%80%9f%e8%bd%89%e5%90%91%e8%a2%ab%e5%8b%95%e6%8a%95%e8%b3%87%e5%9f%ba%e9%87%91%e6%8a%9b%e6%a3%84%e4%b8%bb%e5%8b%95%e6%8a%95%e8%b3%87%e5%9f%ba%e9%87%91\/\">\u5168\u7403\u6295\u8cc7\u4eba\u6b63\u5feb\u901f\u8f49\u5411\u88ab\u52d5\u6295\u8cc7\u57fa\u91d1ETF\uff0c\u629b\u68c4\u4e3b\u52d5\u6295\u8cc7\u57fa\u91d1<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/02\/08\/%E6%8A%95%E8%B3%87%E4%BA%BA%E6%87%89%E8%A9%B2%E9%81%B8%E6%93%87%E5%9C%A8%E7%BE%8E%E5%9C%8B%E7%99%BC%E8%A1%8C%E7%9A%84%E7%BE%8E%E5%9C%8B%E5%A4%A7%E7%9B%A4etf\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8cc7\u4eba\u61c9\u8a72\u9078\u64c7\u5728\u7f8e\u570b\u767c\u884c\u7684\u7f8e\u570b\u5927\u76e4ETF<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/12\/13\/%E4%B8%BB%E8%A6%81%E7%9A%84%E7%BE%8E%E8%82%A1%E5%A4%A7%E7%9B%A4%E6%8C%87%E6%95%B8%E5%92%8C%E5%8D%81%E5%A4%A7etf\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u7f8e\u80a1\u5927\u76e4\u5341\u5927ETF\u548c\u4e3b\u8981\u76846\u5927\u7f8e\u80a1\u5927\u76e4\u6307\u6578<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/07\/25\/%e5%94%af%e4%b8%80%e5%80%bc%e5%be%97%e6%b0%b8%e4%b9%85%e6%8c%81%e6%9c%89%e7%9a%84%e8%82%a1%e7%a5%a8\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6a19\u666e500\u6307\u6578\uff0c\u552f\u4e00\u503c\u5f97\u6c38\u4e45\u6301\u6709\u7684\u80a1\u7968<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/26\/%e6%8a%95%e8%b3%87etf%e7%9a%84%e7%bc%ba%e9%bb%9e\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8cc7ETF\u7684\u7f3a\u9ede\uff0c\u81f3\u5c11\u67096\u9805<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/09\/%e4%b8%8d%e8%a6%81%e6%8a%95%e8%b3%87%e9%9d%9e%e5%a4%a7%e7%9b%a4etf%e7%9a%84%e7%90%86%e7%94%b1\/\">\u975e\u5927\u76e4ETF\u4e0d\u503c\u5f97\u6295\u8cc7\u76845\u5927\u7406\u7531<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/09\/26\/%e5%a4%a7%e7%9b%a4%e5%af%a6%e9%9a%9b%e6%8c%87%e6%95%b8%e5%92%8c%e5%a4%a7%e7%9b%a4%e6%8c%87%e6%95%b8etf%e8%a1%a8%e7%8f%be%e4%b8%a6%e4%b8%8d%e7%9b%b8%e5%90%8c\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5927\u76e4\u5be6\u969b\u6307\u6578\u548c\u5927\u76e4\u6307\u6578ETF\u8868\u73fe\u4e26\u4e0d\u76f8\u540c<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p><em><strong>\u91cd\u8981\u8072\u660e<\/strong><\/em><\/p>\n\n\n\n<ul 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