{"id":16462,"date":"2026-07-06T09:56:54","date_gmt":"2026-07-06T01:56:54","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=16462"},"modified":"2026-07-06T10:01:51","modified_gmt":"2026-07-06T02:01:51","slug":"%e6%97%a5%e7%b6%93225-vs-%e6%9d%b1%e8%ad%89%e6%8c%87%e6%95%b8%ef%bc%88topix%ef%bc%89%ef%bc%9a2026%e5%b9%b4%e8%87%b3%e4%bb%8a%e5%a0%b1%e9%85%ac%e5%b7%ae%e7%95%b0%e8%a7%a3%e6%9e%90","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=16462","title":{"rendered":"\u65e5\u7d93225 vs \u6771\u8b49\u6307\u6578\uff08TOPIX\uff09\uff1a2026\u5e74\u81f3\u4eca\u5831\u916c\u5dee\u7570\u89e3\u6790"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">\u65e5\u672c\u87ec\u806f\u4e9e\u6d32\u57fa\u91d1\u7d93\u7406\u4eba\u6700\u611b\u5e02\u583427\u500b\u6708<\/h2>\n\n\n\n<p>\u7f8e\u570b\u9280\u884c\uff08BofA\uff09\u65d7\u4e0b\u7684\u7f8e\u9280\u8b49\u5238\uff08BofA Global Research\uff09\u6bcf\u500b\u6708\u90fd\u6703\u767c\u5e03\u300a\u4e9e\u6d32\u57fa\u91d1\u7d93\u7406\u4eba\u8abf\u67e5\u300b\uff08Asia Fund Manager Survey\uff09\uff0c\u8a2a\u554f\u7ba1\u7406\u6578\u5343\u5104\u7f8e\u5143\u8cc7\u7522\u7684\u6a5f\u69cb\u6295\u8cc7\u4eba\uff0c\u4e86\u89e3\u4ed6\u5011\u5c0d\u4e9e\u6d32\u5404\u5e02\u5834\u7684\u914d\u7f6e\u7acb\u5834\u3002<\/p>\n\n\n\n<p>\u6839\u64da2026\u5e741\u6708\u7684\u8abf\u67e5\uff08\u8a2a\u554f\u671f\u9593\u70ba1\u67089\u65e5\u81f315\u65e5\uff0c\u5171227\u4f4d\u57fa\u91d1\u7d93\u7406\u4eba\u3001\u7ba1\u7406\u8cc7\u7522\u5408\u8a086,460\u5104\u7f8e\u5143\uff09\uff0c\u65e5\u672c\u5df2\u7d93\u9023\u7e8c27\u500b\u6708\u87ec\u806f\u8abf\u67e5\u4e2d\u300c\u6700\u53d7\u9752\u775e\u7684\u4e9e\u592a\u5e02\u5834\u300d\uff0c\u6de8\u52a0\u78bc\uff08Net Overweight\uff09\u6bd4\u4f8b\u9ad8\u905454%\uff0c\u9060\u9060\u8d85\u904e\u540c\u671f\u53f0\u7063\u768425%\u8207\u97d3\u570b\u768421%\uff0c\u9019\u5169\u500b\u5e02\u5834\u96d6\u7136\u4e5f\u53d7\u60e0\u65bc\u534a\u5c0e\u9ad4\u51fa\u53e3\u5faa\u74b0\u8f49\u5f37\u800c\u7372\u5f97\u6b63\u5411\u8a55\u50f9\uff0c\u4f46\u6a5f\u69cb\u8cc7\u91d1\u5c0d\u65e5\u672c\u7684\u4fe1\u5fc3\u660e\u986f\u66f4\u9ad8\u4e00\u5c64\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"843\" height=\"678\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/07\/image-1.png\" alt=\"\" class=\"wp-image-16467\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/07\/image-1.png 843w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/07\/image-1-300x241.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/07\/image-1-768x618.png 768w\" sizes=\"auto, (max-width: 843px) 100vw, 843px\" \/><\/figure>\n\n\n\n<p>\u503c\u5f97\u7559\u610f\u7684\u662f\uff0c\u9019\u4efd\u8abf\u67e5\u4e5f\u9ede\u51fa\u6a5f\u69cb\u6295\u8cc7\u4eba\u504f\u597d\u65e5\u672c\u7684\u5177\u9ad4\u7406\u7531\uff1a\u65e5\u672c\u9996\u76f8\u9ad8\u5e02\u65e9\u82d7\u7684\u8ca1\u653f\u64f4\u5f35\u8207\u6e1b\u7a05\u653f\u7b56\u65b9\u5411\uff0c\u52a0\u4e0a\u6676\u7247\u3001\u4eba\u5de5\u667a\u6167\uff08AI\uff09\u8207\u9280\u884c\u80a1\u9019\u4e09\u5927\u4e3b\u984c\uff0c\u6301\u7e8c\u662f\u65e5\u672c\u5e02\u5834\u6700\u53d7\u6cd5\u4eba\u9752\u775e\u7684\u6295\u8cc7\u7126\u9ede\u3002<\/p>\n\n\n\n<p>\u9019\u4ee3\u8868\u6a5f\u69cb\u8cc7\u91d1\u52a0\u78bc\u65e5\u672c\uff0c\u4e0d\u55ae\u7d14\u770b\u597d\u300c\u65e5\u672c\u300d\u9019\u500b\u570b\u5bb6\u6a19\u7c64\uff0c\u800c\u662f\u770b\u597d\u7279\u5b9a\u7522\u696d\u8da8\u52e2\u5728\u65e5\u672c\u80a1\u5e02\u4e2d\u7684\u5177\u9ad4\u5448\u73fe\u65b9\u5f0f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4eca\u5e74\u65e5\u80a1\u8868\u73fe\u4eae\u773c\uff0c\u4f46\u6307\u6578\u5831\u916c\u51fa\u73fe\u660e\u986f\u5206\u5316<\/h2>\n\n\n\n<p>\u65e5\u80a1\u4eca\u5e74\u4ee5\u4f86\u7684\u8868\u73fe\u78ba\u5be6\u5c0d\u5f97\u8d77\u9019\u4efd\u9ad8\u914d\u7f6e\u4fe1\u5fc3\uff0c\u65e5\u7d93225\u6307\u6578\uff08Nikkei 225\uff09\u5f9e2025\u5e74\u5e95\u6536\u76e450,339\u9ede\uff0c\u4e00\u8def\u4e0a\u653b\u52307\u6708\u521d\u768468,000\u9ede\u4ee5\u4e0a\uff0c\u5e74\u521d\u81f3\u4eca\u6f32\u5e45\u8d85\u904e36%\u3002<\/p>\n\n\n\n<p>\u4f46\u7576\u628a\u6771\u8b49\u80a1\u50f9\u6307\u6578\uff08TOPIX\uff09\u6524\u958b\u4f86\u770b\u6642\uff0c\u767c\u73fe\u540c\u4e00\u6bb5\u6642\u9593\uff0cTOPIX\u7684\u6f32\u5e45\u50c5\u7d0418%\u523019%\uff0c\u5169\u8005\u5831\u916c\u5dee\u8ddd\u8d85\u904e17\u500b\u767e\u5206\u9ede\u3002<\/p>\n\n\n\n<p>\u9019\u500b\u5206\u5316\u4e0d\u662f\u77ed\u671f\u96dc\u8a0a\u3002<\/p>\n\n\n\n<p>\u8861\u91cf\u5169\u6307\u6578\u50f9\u5dee\u7684\u300cNT\u500d\u7387\u300d\uff08\u65e5\u7d93225\u00f7TOPIX\uff09\uff0c\u4eca\u5e744\u6708\u5c31\u5df2\u7d93\u4f86\u523015.74\u7684\u6b77\u53f2\u65b0\u9ad8\uff0c5\u6708\u66f4\u64f4\u5927\u81f316.37\u500d\uff0c\u662f\u6709\u7d00\u9304\u4ee5\u4f86\u7684\u65b0\u9ad8\u6c34\u4f4d\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"820\" height=\"378\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/07\/image.png\" alt=\"\" class=\"wp-image-16465\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/07\/image.png 820w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/07\/image-300x138.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/07\/image-768x354.png 768w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/figure>\n\n\n\n<p>\u540c\u4e00\u6279\u65e5\u7d93225\u7684\u6b0a\u503c\u80a1\uff0c\u4f8b\u5982\u8edf\u9280\u96c6\u5718\uff08SoftBank Group\uff09\u3001\u6771\u4eac\u96fb\u5b50\uff08Tokyo Electron\uff09\u3001\u611b\u5fb7\u842c\u6e2c\u8a66\uff08Advantest\uff09\u8207\u93a7\u4fe0\u63a7\u80a1\uff08Kioxia Holdings\uff09\uff0c\u4eca\u5e74\u591a\u6b21\u4ee5\u55ae\u65e5\u5927\u6f328%\u4ee5\u4e0a\u7684\u65b9\u5f0f\u5e36\u52d5\u6307\u6578\uff0c\u537b\u4e5f\u5728\u534a\u5c0e\u9ad4\u985e\u80a1\u7372\u5229\u4e86\u7d50\u6642\u540c\u6b65\u91cd\u632b\uff0c\u8b93\u65e5\u7d93225\u7684\u6ce2\u52d5\u5ea6\u660e\u986f\u653e\u5927\u3002<\/p>\n\n\n\n<p>\u9019\u4ef6\u4e8b\u60c5\u7d66\u53f0\u7063\u6295\u8cc7\u4eba\u7684\u5be6\u52d9\u555f\u793a\u5f88\u76f4\u63a5\uff1a\u60f3\u53c3\u8207\u65e5\u80a1\uff0c\u4e0d\u80fd\u53ea\u770b\u300c\u65e5\u672c\u80a1\u5e02\u6f32\u4e86\u591a\u5c11\u300d\u9019\u500b\u7c60\u7d71\u7684\u8aaa\u6cd5\uff0c\u9700\u8981\u5148\u78ba\u8a8d\u624b\u4e2d\u7684\u5de5\u5177\u8ffd\u8e64\u7684\u662f\u54ea\u4e00\u500b\u6307\u6578\uff0c\u56e0\u70ba\u5169\u8005\u7684\u7522\u696d\u66dd\u96aa\u8207\u98a8\u96aa\u7279\u6027\u5dee\u7570\u76f8\u7576\u5927\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u53f0\u7063\u6295\u8cc7\u4eba\u5982\u4f55\u53c3\u8207\u65e5\u80a1\uff1a\u900f\u904eETF\u662f\u6700\u76f4\u63a5\u7684\u7ba1\u9053<\/h2>\n\n\n\n<p>\u4ee5\u53f0\u80a1\u639b\u724c\u7684\u5546\u54c1\u4f86\u8aaa\uff0c\u6307\u6578\u80a1\u7968\u578b\u57fa\u91d1\uff08ETF, Exchange Traded Fund\uff09\u662f\u53f0\u7063\u6295\u8cc7\u4eba\u53c3\u8207\u65e5\u80a1\u6700\u666e\u904d\u3001\u4e5f\u6700\u4e0d\u9700\u8981\u958b\u7acb\u6d77\u5916\u5238\u5546\u5e33\u6236\u7684\u65b9\u5f0f\u3002\u76ee\u524d\u53f0\u7063\u8b49\u5238\u4ea4\u6613\u6240\uff08TWSE\uff09\u639b\u724c\u3001\u76f4\u63a5\u4ee5\u65e5\u7d93225\u6216\u6771\u8b49\u6307\u6578\u70ba\u8ffd\u8e64\u6a19\u7684\u7684\u539f\u578bETF\u5171\u6709\u56db\u6a94\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u4ee3\u865f<\/th><th>ETF\u540d\u7a31<\/th><th>\u8ffd\u8e64\u6307\u6578<\/th><\/tr><\/thead><tbody><tr><td>00661<\/td><td>\u5143\u5927\u65e5\u7d93225<\/td><td>\u65e5\u7d93225\u6307\u6578\uff08Nikkei 225\uff09<\/td><\/tr><tr><td>00657<\/td><td>\u570b\u6cf0\u65e5\u7d93225<\/td><td>\u65e5\u7d93225\u6307\u6578\uff08Nikkei 225\uff09<\/td><\/tr><tr><td>00645<\/td><td>\u5bcc\u90a6\u65e5\u672c<\/td><td>\u6771\u8b49\u80a1\u50f9\u6307\u6578\uff08TOPIX\uff09<\/td><\/tr><tr><td>009812<\/td><td>\u91ce\u6751\u65e5\u672c\u6771\u8b49<\/td><td>\u6771\u8b49\u80a1\u50f9\u7e3d\u5831\u916c\u6307\u6578\uff08TOPIX Total Return Index\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u5143\u5927\u65e5\u7d93225\uff0800661\uff09\u7684\u8cbb\u7528\u7387\u5728\u56db\u6a94\u4e2d\u6700\u4f4e\uff0c\u4e5f\u662f\u898f\u6a21\u6700\u5927\u7684\u65e5\u7d93225 ETF\u3002<\/p>\n\n\n\n<p>\u91ce\u6751\u65e5\u672c\u6771\u8b49\uff08009812\uff09\u662f2025\u5e749\u6708\u639b\u724c\u7684\u9023\u7d50\u5f0fETF\uff08Feeder ETF\uff09\uff0c\u8cc7\u7522\u4e0d\u76f4\u63a5\u6301\u6709\u500b\u80a1\uff0c\u800c\u662f\u5168\u6578\u6295\u8cc7\u65bc\u91ce\u6751\u8cc7\u7522\u7ba1\u7406\u5728\u6771\u4eac\u8b49\u4ea4\u6240\u767c\u884c\u7684NEXT FUNDS\u6771\u8b49\u80a1\u50f9\u6307\u6578ETF\uff081306.JP\uff09\uff0c\u9019\u6a94\u6bcd\u57fa\u91d1\u662f\u65e5\u672c\u898f\u6a21\u6700\u5927\u3001\u4e9e\u6d32\u898f\u6a21\u6700\u5927\u7684ETF\uff0c\u898f\u6a21\u903e4.7\u5146\u65b0\u53f0\u5e63\u3002\u900f\u904e\u9019\u500b\u9023\u7d50\u7d50\u69cb\uff0c\u6295\u8cc7\u4eba\u7528\u65b0\u53f0\u5e63\u3001\u5728\u53f0\u80a1\u76e4\u4e2d\u4ea4\u6613\u6642\u9593\uff0c\u5c31\u80fd\u53d6\u5f97\u8207\u65e5\u672c\u672c\u571f\u6a5f\u69cb\u6295\u8cc7\u4eba\u76f8\u540c\u7684\u6771\u8b49\u6307\u6578\u66dd\u96aa\uff0c\u9019\u662f\u53f0\u7063ETF\u5e02\u5834\u9996\u6a94\u63a1\u7528\u9019\u7a2e\u53f0\u65e5\u96d9\u5411\u639b\u724c\u6a5f\u5236\u7684\u5546\u54c1\u3002<\/p>\n\n\n\n<p>\u5bcc\u90a6\u65e5\u672c\uff0800645\uff09\u8207\u91ce\u6751\u65e5\u672c\u6771\u8b49\uff08009812\uff09\u90fd\u4ee5\u6771\u8b49\u6307\u6578\u70ba\u8ffd\u8e64\u6a19\u7684\uff0c\u524d\u8005\u63a1\u7528\u76f4\u63a5\u8907\u88fd\u6cd5\u5728\u53f0\u7063\u81ea\u884c\u5efa\u69cb\u6295\u8cc7\u7d44\u5408\uff0c\u5f8c\u8005\u63a1\u7528\u9023\u7d50\u6bcd\u57fa\u91d1\u7684\u65b9\u5f0f\u9593\u63a5\u53d6\u5f97\u66dd\u96aa\uff0c\u5169\u8005\u7684\u8ffd\u8e64\u8aa4\u5dee\u4f86\u6e90\u8207\u8cbb\u7528\u7d50\u69cb\u7565\u6709\u4e0d\u540c\uff0c\u9069\u5408\u4f9d\u7167\u500b\u4eba\u5c0d\u900f\u660e\u5ea6\u8207\u6d41\u52d5\u6027\u7684\u504f\u597d\u505a\u9078\u64c7\u3002<\/p>\n\n\n\n<p>\u9664\u4e86\u539f\u578bETF\uff0c\u53f0\u7063\u8fd1\u5169\u5e74\u4e5f\u9678\u7e8c\u63a8\u51fa\u591a\u6a94\u4e3b\u984c\u578b\u65e5\u80a1ETF\uff0c\u8986\u84cb\u7684\u662f\u7279\u5b9a\u7522\u696d\u6216\u9078\u80a1\u56e0\u5b50\uff0c\u800c\u4e0d\u662f\u65e5\u7d93225\u6216TOPIX\u9019\u985e\u5927\u76e4\u6307\u6578\u672c\u8eab\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">\u4ee3\u865f<\/th><th class=\"has-text-align-center\" data-align=\"center\">ETF\u540d\u7a31<\/th><th class=\"has-text-align-center\" data-align=\"center\">\u8ffd\u8e64\u6307\u6578\uff0f\u7b56\u7565<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">00972<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u91ce\u6751\u65e5\u672c\u52d5\u80fd\u9ad8\u606f<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u5f6d\u535a\u65e5\u672c\u50f9\u503c\u52d5\u80fd\u9ad8\u606f\u6307\u6578\uff08Bloomberg Japan Value-Creation Momentum Dividend Index\uff09\uff0c\u805a\u7126\u65e5\u672c\u50f9\u503c\u80a1\u8207\u80a1\u5229\u653f\u7b56\u6539\u9769\u4e3b\u984c<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">00951<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u53f0\u65b0\u65e5\u672c\u534a\u5c0e\u9ad4<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u805a\u7126\u534a\u5c0e\u9ad4\u4f9b\u61c9\u93c8<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">00954<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u4e2d\u4fe1\u65e5\u672c\u534a\u5c0e\u9ad4<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u805a\u7126\u534a\u5c0e\u9ad4\u4f9b\u61c9\u93c8<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">00955<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u4e2d\u4fe1\u65e5\u672c\u5546\u793e<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u805a\u7126\u65e5\u672c\u5546\u793e\u80a1<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">00949<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u5fa9\u83ef\u65e5\u672c\u9f8d\u982d<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u805a\u7126\u65e5\u672c\u9f8d\u982d\u6b0a\u503c\u80a1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u91ce\u6751\u9019\u6a9400972\u662f\u5e02\u5834\u4e0a\u5c11\u6578\u4e0d\u76f4\u63a5\u8907\u88fd\u65e5\u7d93225\u6216TOPIX\u3001\u800c\u662f\u7528\u9078\u80a1\u898f\u5247\uff08\u50f9\u503c\uff0b\u52d5\u80fd\uff0b\u9ad8\u80a1\u606f\uff09\u6253\u9020\u7684\u65e5\u80a1\u4e3b\u984cETF\uff0c2024\u5e74\u5e95\u6210\u7acb\uff0c\u76ee\u524d\u898f\u6a21\u5728\u540c\u985e\u4e3b\u984c\u578b\u5546\u54c1\u4e2d\u4ecd\u504f\u5c0f\u578b\u3002\u9019\u985e\u5546\u54c1\u7684\u7522\u696d\u96c6\u4e2d\u5ea6\u8207\u9078\u80a1\u908f\u8f2f\u90fd\u66f4\u96c6\u4e2d\uff0c\u9069\u5408\u5df2\u7d93\u7406\u89e3\u81ea\u8eab\u98a8\u96aa\u504f\u597d\u3001\u60f3\u8981\u758a\u52a0\u7279\u5b9a\u7522\u696d\u6216\u56e0\u5b50\u66dd\u96aa\u7684\u6295\u8cc7\u4eba\uff0c\u4e26\u975e\u65e5\u80a1\u8cc7\u7522\u914d\u7f6e\u7684\u6838\u5fc3\u90e8\u4f4d\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u9078\u64c7\u8ffd\u8e64\u6307\u6578\u7684ETF\u4e4b\u524d\uff0c\u5148\u641e\u61c2\u65e5\u7d93225\u8207\u6771\u8b49\u6307\u6578\u7684\u6839\u672c\u5dee\u7570<\/h2>\n\n\n\n<p>\u4e0d\u7ba1\u9078\u64c7\u54ea\u4e00\u6a94ETF\uff0c\u6295\u8cc7\u4eba\u5be6\u8cea\u4e0a\u90fd\u662f\u5728\u9078\u64c7\u300c\u8ffd\u8e64\u54ea\u4e00\u500b\u6307\u6578\u300d\u3002<\/p>\n\n\n\n<p>\u65e5\u7d93225\u8207\u6771\u8b49\u6307\u6578\u662f\u65e5\u672c\u5e02\u5834\u6700\u5177\u4ee3\u8868\u6027\u7684\u5169\u5927\u6307\u6578\uff0c\u4f46\u7de8\u5236\u908f\u8f2f\u5b8c\u5168\u4e0d\u540c\uff0c\u76f4\u63a5\u6c7a\u5b9a\u4e86ETF\u7684\u7522\u696d\u66dd\u96aa\u8207\u98a8\u96aa\u7279\u6027\u3002<\/p>\n\n\n\n<p>\u65e5\u7d93225\u63a1\u7528\u50f9\u683c\u52a0\u6b0a\uff08Price-Weighted\uff09\u65b9\u5f0f\u7de8\u5236\uff0c\u6210\u5206\u80a1\u50c5225\u6a94\uff0c\u80a1\u50f9\u8d8a\u9ad8\u7684\u500b\u80a1\uff0c\u5c0d\u6307\u6578\u7684\u5f71\u97ff\u529b\u8d8a\u5927\u3002<\/p>\n\n\n\n<p>\u9019\u500b\u7de8\u5236\u65b9\u5f0f\u8b93Fast Retailing\uff08\u512a\u8863\u5eab\u6bcd\u516c\u53f8\uff09\u3001\u6771\u4eac\u96fb\u5b50\u3001\u611b\u5fb7\u842c\u6e2c\u8a66\u9019\u985e\u9ad8\u80a1\u50f9\u3001\u9ad8\u79d1\u6280\u5c6c\u6027\u7684\u516c\u53f8\u53d6\u5f97\u9060\u9ad8\u65bc\u5176\u5e02\u503c\u5360\u6bd4\u7684\u8a71\u8a9e\u6b0a\uff0c\u4e5f\u8b93\u65e5\u7d93225\u7684\u79d1\u6280\u985e\u80a1\u6b0a\u91cd\u9ad8\u905448%\u4ee5\u4e0a\uff0c\u672c\u8cea\u4e0a\u66f4\u63a5\u8fd1\u4e00\u500b\u300c\u79d1\u6280\u8207AI\u4f9b\u61c9\u93c8\u300d\u7684\u96c6\u4e2d\u66dd\u96aa\u5de5\u5177\u3002<\/p>\n\n\n\n<p>\u6771\u8b49\u6307\u6578\u5247\u63a1\u7528\u81ea\u7531\u6d41\u901a\u5e02\u503c\u52a0\u6b0a\uff08Free-Float Market Cap Weighted\uff09\uff0c\u6210\u5206\u80a1\u6db5\u84cb\u6771\u4eac\u8b49\u4ea4\u6240\u4e3b\u8981\u5e02\u5834\u7d042,000\u6a94\u500b\u80a1\uff0c\u4e26\u91dd\u5c0d\u55ae\u4e00\u500b\u80a1\u8a2d\u670910%\u7684\u6b0a\u91cd\u4e0a\u9650\uff0c\u9019\u7de8\u5236\u65b9\u5f0f\u8b93\u8c50\u7530\u6c7d\u8eca\u3001\u91d1\u878d\u80a1\u3001\u4e0d\u52d5\u7522\u8207\u5546\u793e\u985e\u80a1\u5728\u6307\u6578\u4e2d\u5360\u6709\u8f03\u9ad8\u7684\u5be6\u8cea\u4efd\u91cf\uff0c\u7522\u696d\u5206\u5e03\u4e5f\u66f4\u5747\u8861\uff0c\u662f\u5168\u7403\u6a5f\u69cb\u6295\u8cc7\u4eba\u8861\u91cf\u300c\u65e5\u672c\u6574\u9ad4\u7d93\u6fdf\u300d\u8868\u73fe\u6642\u66f4\u5e38\u5f15\u7528\u7684\u57fa\u6e96\u6307\u6578\u3002<\/p>\n\n\n\n<p>\u5169\u8005\u7684\u6838\u5fc3\u5dee\u7570\u6574\u7406\u6210\u4e0b\u8868\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6bd4\u8f03\u9762\u5411<\/th><th>\u65e5\u7d93225\u6307\u6578\uff08Nikkei 225\uff09<\/th><th>\u6771\u8b49\u80a1\u50f9\u6307\u6578\uff08TOPIX\uff09<\/th><\/tr><\/thead><tbody><tr><td>\u7de8\u5236\u65b9\u5f0f<\/td><td>\u50f9\u683c\u52a0\u6b0a\uff08Price-Weighted\uff09<\/td><td>\u81ea\u7531\u6d41\u901a\u5e02\u503c\u52a0\u6b0a\uff08Free-Float Market Cap Weighted\uff09<\/td><\/tr><tr><td>\u6210\u5206\u80a1\u6578<\/td><td>225\u6a94\uff08\u6771\u8b49Prime\u5e02\u5834\u6d41\u52d5\u6027\u4f73\u500b\u80a1\uff09<\/td><td>\u7d042,000\u6a94\uff0c\u6db5\u84cbPrime\u3001Standard\u3001Growth\u4e09\u5927\u5e02\u5834<\/td><\/tr><tr><td>\u500b\u80a1\u6b0a\u91cd\u4e0a\u9650<\/td><td>\u7121\u660e\u78ba\u4e0a\u9650\uff0c\u9ad8\u80a1\u50f9\u80a1\u4e3b\u5c0e<\/td><td>\u8a2d\u670910%\u4e0a\u9650<\/td><\/tr><tr><td>\u6700\u5927\u6b0a\u91cd\u7522\u696d<\/td><td>\u79d1\u6280\u985e\u80a1\u5360\u6bd4\u903e48%<\/td><td>\u96fb\u5b50\u8a2d\u5099\u5360\u6bd4\u7d0418%\uff0c\u9280\u884c\u3001\u8cc7\u901a\u8a0a\u79d1\u6280\u5404\u5360\u7d048%<\/td><\/tr><tr><td>\u9f8d\u982d\u6210\u5206\u80a1\u6b0a\u91cd\u5c0d\u7167<\/td><td>Fast Retailing\u6b0a\u91cd\u7d046.5%\uff0c\u70ba\u7b2c\u4e00\u5927\u6210\u5206\u80a1<\/td><td>Fast Retailing\u6b0a\u91cd\u4e0d\u52300.4%\uff0c\u751a\u81f3\u6392\u4e0d\u9032\u524d100\u5927<\/td><\/tr><tr><td>\u53e6\u4e00\u7d44\u5c0d\u7167<\/td><td>\u8c50\u7530\u6c7d\u8eca\u6b0a\u91cd\u50c5\u7d041.2%<\/td><td>\u8c50\u7530\u6c7d\u8eca\u6b0a\u91cd\u7d043.4%\uff0c\u70ba\u7b2c\u4e00\u5927\u6210\u5206\u80a1<\/td><\/tr><tr><td>2025\u5e74\u5168\u5e74\u5831\u916c<\/td><td>\u7d04+26.2%<\/td><td>\u7d04+22%<\/td><\/tr><tr><td>2026\u5e74\u81f3\u4eca\u5831\u916c\uff08\u622a\u81f37\u6708\u521d\uff09<\/td><td>\u7d04+36.5%<\/td><td>\u7d04+18\uff5e19%<\/td><\/tr><tr><td>\u9060\u671f\u672c\u76ca\u6bd4\uff08Forward P\/E\uff0c2026\u5e7412\u6708\u9810\u4f30\u57fa\u6e96\uff09<\/td><td>\u7d0422.1\u500d<\/td><td>\u7d0416.9\u500d<\/td><\/tr><tr><td>\u80a1\u50f9\u6de8\u503c\u6bd4\uff08P\/B\uff09<\/td><td>\u76f8\u5c0d\u5f48\u6027\u66f4\u9ad8\uff0c\u96a8\u79d1\u6280\u6b0a\u503c\u80a1\u8a55\u50f9\u6ce2\u52d5<\/td><td>\u7d041.8\u500d\uff0c\u96b1\u542b\u5e02\u5834\u5c0dROE\u7d0411%\u7684\u5b9a\u50f9<\/td><\/tr><tr><td>\u6a5f\u69cb\u5b9a\u4f4d<\/td><td>\u9069\u5408\u770b\u597d\u65e5\u672c\u534a\u5c0e\u9ad4\uff0fAI\u4f9b\u61c9\u93c8\u7684\u96c6\u4e2d\u66dd\u96aa\u5de5\u5177<\/td><td>\u9069\u5408\u4f5c\u70ba\u65e5\u672c\u6574\u9ad4\u7d93\u6fdf\u8207\u6cbb\u7406\u6539\u9769\u7d05\u5229\u7684\u6838\u5fc3\u914d\u7f6e\u57fa\u6e96<\/td><\/tr><tr><td>\u53f0\u80a1\u5c0d\u61c9ETF<\/td><td>00661\u5143\u5927\u65e5\u7d93225\u300100657\u570b\u6cf0\u65e5\u7d93225<\/td><td>00645\u5bcc\u90a6\u65e5\u672c<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 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