{"id":475,"date":"2017-09-11T17:09:00","date_gmt":"2017-09-11T09:09:00","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=475"},"modified":"2017-09-11T17:09:00","modified_gmt":"2017-09-11T09:09:00","slug":"%e6%af%8f%e5%91%a8%e7%b2%be%e9%81%b8%e7%b6%93%e6%bf%9f%e5%9c%96%e8%a1%a8-msci-%e6%96%b0%e8%88%88%e5%b8%82%e5%a0%b4%e6%8c%87%e6%95%b8","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=475","title":{"rendered":"\u6bcf\u5468\u7cbe\u9078\u7d93\u6fdf\u5716\u8868 \u2013 MSCI \u65b0\u8208\u5e02\u5834\u6307\u6578"},"content":{"rendered":"\n<p>2017-09-11<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u672c\u5468\u5716\u8868 : MSCI \u65b0\u8208\u5e02\u5834\u6307\u6578<\/h4>\n\n\n\n<p>\u6bcf\u4e00\u9031\u6211\u5011\u5c07\u7cbe\u9078\u4e00\u500b\u6295\u8cc7\u4eba\u73fe\u5728\u6700\u503c\u5f97\u95dc\u6ce8\u7684\u5716\u8868\u8ddf\u5927\u5bb6\u5206\u4eab\uff0c\u4e0a\u9031\u6211\u5011\u4ecb\u7d39\u904e<a href=\"https:\/\/roboadvisor.com.tw\/Blog\/?p=826\">\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578<\/a>\uff0c\u800c\u672c\u5468\u6311\u9078\u7684\u5716\u8868\u70ba MSCI \u65b0\u8208\u5e02\u5834\u6307\u6578 \u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"419\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/29-2.png\" alt=\"\" class=\"wp-image-476\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/29-2.png 768w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/29-2-300x164.png 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>\u9019\u662f\u4ec0\u9ebc\u5716\u8868?<\/strong><\/h5>\n\n\n\n<p>MSCI \u6307\u6578\u70ba\u7f8e\u570b\u6469\u6839\u58eb\u4e39\u5229\u8cc7\u672c\u570b\u969b\u516c\u53f8 (Morgan Stanley Capital International) \u6240\u5efa\u69cb\u7de8\u5236\u7684\uff0c\u5176\u6307\u6578\u70ba\u5404\u570b\u57fa\u91d1\u7d93\u7406\u4eba\u5c0d\u65bc\u6295\u8cc7\u5168\u7403\u80a1\u7968\u5e02\u5834\u6642\u4e00\u500b\u91cd\u8981\u53c3\u8003\u6307\u6a19\u3002<\/p>\n\n\n\n<p>MSCI \u65b0\u8208\u5e02\u5834\u6307\u6578 (MSCI Emerging Markets Index) \u4e3b\u8981\u662f\u7531\u65b0\u8208\u5e02\u5834\u570b\u5bb6\u7684\u4e00\u4e9b\u5177\u4ee3\u8868\u6027\u7684\u4f01\u696d\u80a1\u7968\u6240\u7d44\u6210\u7684\uff0c\u8a72\u6307\u6578\u662f\u7531 23 \u500b\u570b\u5bb6 (\u5df4\u897f\u3001\u667a\u5229\u3001\u4e2d\u570b\u3001\u54e5\u502b\u6bd4\u4e9e\u3001\u6377\u514b\u5171\u548c\u570b\u3001\u57c3\u53ca\u3001\u5e0c\u81d8\u3001\u5308\u7259\u5229\u3001\u5370\u5ea6\u3001\u5370\u5c3c\u3001\u97d3\u570b\u3001\u99ac\u4f86\u897f\u4e9e\u3001\u58a8\u897f\u54e5\u3001\u79d8\u9b6f\u3001\u83f2\u5f8b\u8cd3\u3001\u6ce2\u862d\u3001\u5361\u9054\u3001\u4fc4\u7f85\u65af\u3001\u5357\u975e\u3001\u53f0\u7063\u3001\u6cf0\u570b\u3001\u571f\u8033\u5176\u548c\u963f\u62c9\u4f2f) \u7576\u4e2d\u5171\u516b\u767e\u591a\u652f\u80a1\u7968\u6240\u7d44\u6210\uff0c\u5176\u4e2d\u5360\u6bd4\u8f03\u5927\u7684\u5e7e\u500b\u570b\u5bb6\u70ba\u4e2d\u570b 29.1%\u3001\u5357\u97d3 14.61%\u3001\u53f0\u7063 11.85%\u3001\u5370\u5ea6 8.72% \u53ca\u5df4\u897f 7.23%\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"738\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/29-3.jpg\" alt=\"\" class=\"wp-image-477\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/29-3.jpg 1024w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/29-3-300x216.jpg 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/29-3-768x554.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>\u73fe\u5728\u7684\u5716\u8868\u4ee3\u8868\u4ec0\u9ebc\u542b\u610f?<\/strong><\/h5>\n\n\n\n<p>\u7531\u4e0a\u5716\u53ef\u4ee5\u767c\u73fe\u81ea 2008 \u5f8c\u81f3\u4eca\u5df2\u6709\u8fd1\u5341\u5e74\u7684\u6642\u9593 MSCI \u65b0\u8208\u5e02\u5834\u6307\u6578 \u5448\u73fe\u9577\u671f\u4e0b\u8dcc\u7684\u8da8\u52e2\uff0c\u4e3b\u8981\u539f\u56e0\u4e4b\u4e00\u70ba\u7f8e\u570b\u5728 2008 \u5e74\u91d1\u878d\u6d77\u562f\u4e4b\u5f8c\u6240\u5be6\u65bd\u8ca8\u5e63\u5bec\u9b06 (QE) \u653f\u7b56\uff0c\u4fc3\u4f7f\u5168\u7403\u8cc7\u91d1\u7d1b\u7d1b\u64a4\u96e2\u65b0\u8208\u5e02\u5834\u800c\u6d41\u5411\u7f8e\u570b\uff0c\u56e0\u800c\u5c0e\u81f4\u65b0\u8208\u5e02\u5834\u80a1\u50f9\u8868\u73fe\u4e0d\u662f\u5f88\u597d\uff0c\u5728\u6b64\u671f\u9593\u65b0\u8208\u5e02\u5834\u570b\u5bb6\u7684\u80a1\u5e02\u4e5f\u53ef\u4ee5\u8aaa\u662f\u7d93\u6b77\u4e86\u5931\u843d\u768410\u5e74\uff0c\u4f46\u6211\u5011\u5f9e\u4e0a\u9762 MSCI \u65b0\u8208\u5e02\u5834\u6307\u6578 \u7684\u5716\u4e2d\u53ef\u4ee5\u770b\u5230\uff0c\u73fe\u5728\u65b0\u8208\u5e02\u5834\u80a1\u5e02\u5df2\u7d93\u5f80\u4e0a\u7a7f\u8d8a\u4e86\u9577\u671f\u7684\u4e0b\u964d\u8da8\u52e2\u7dda\uff0c\u6b64\u986f\u793a\u904e\u53bb\u9019\u7a2e\u80a1\u5e02\u843d\u5f8c\u7684\u60c5\u5f62\u4f3c\u4e4e\u5df2\u7d93\u8981\u958b\u59cb\u6539\u8b8a\u4e86\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>\u70ba\u4ec0\u9ebc\u5b83\u5982\u6b64\u91cd\u8981?<\/strong><\/h5>\n\n\n\n<p>\u91d1\u878d\u5e02\u5834\u90fd\u6709\u56de\u6b78\u5e73\u5747\u503c (regression to the mean) \u7684\u73fe\u8c61\uff0c\u96d6\u7136\u9019\u4e26\u4e0d\u8868\u793a \u65b0\u8208\u5e02\u5834\u6307\u6578 \u6703\u5728\u672a\u4f86\u5e7e\u500b\u6708\u5c31\u6301\u7e8c\u4e0a\u6f32\uff0c\u4f46\u5728\u9577\u671f\u8868\u73fe\u843d\u5f8c\u7684\u60c5\u6cc1\u4e0b\uff0c\u5b83\u672a\u4f86\u6703\u4e0a\u6f32\u7684\u6a5f\u7387\u81ea\u7136\u5c31\u9ad8\u65bc\u4e0b\u8dcc\u7684\u6a5f\u7387\uff0c\u5728\u6211\u5011\u4e4b\u524d\u4e00\u7bc7\u6587\u7ae0\u4e2d\u4e5f\u6709\u63d0\u5230<a href=\"https:\/\/roboadvisor.asuscomm.com\/Blog\/2017\/06\/09\/%E6%96%B0%E8%88%88%E5%B8%82%E5%A0%B4%E7%9A%84%E4%B8%8A%E6%BC%B2%E5%8F%AF%E8%83%BD%E6%89%8D%E5%89%9B%E9%96%8B%E5%A7%8B%E8%80%8C%E5%B7%B2%EF%BC%81\/\">\u65b0\u8208\u5e02\u5834\u73fe\u5728\u53ef\u80fd\u624d\u6b63\u8981\u4e0a\u6f32\u800c\u5df2<\/a>\u3002\u904e\u53bb\u7531\u65bc\u65b0\u8208\u5e02\u5834\u80a1\u5e02\u9577\u671f\u8868\u73fe\u8f03\u5dee\uff0c\u56e0\u6b64\u5f88\u591a\u6295\u8cc7\u4eba\u65e9\u5df2\u5ffd\u7565\u4e86\u9019\u500b\u5e02\u5834\uff0c\u6295\u8cc7\u7d44\u5408\u4e2d\u53ef\u80fd\u4e5f\u6c92\u6709\u592a\u591a\u8cc7\u7522\u5728\u9019\u500b\u5340\u57df\uff0c\u4eca\u5929\u85c9\u7531\u9019\u5f35\u5716\u5c31\u662f\u8981\u544a\u8a34\u6295\u8cc7\u4eba\uff0c\u73fe\u5728\u61c9\u8a72\u662f\u4f60\u8003\u616e\u5c07\u65b0\u8208\u5e02\u5834\u80a1\u5e02\u7d0d\u5165\u6295\u8cc7\u7d44\u5408\u4e2d\u7684\u6642\u6a5f\u4e86\uff0c\u5728\u4f60\u7684\u6295\u8cc7\u7d44\u5408\u4e2d\u9069\u7576\u7684\u52a0\u5165\u4e00\u4e9b\u65b0\u8208\u5e02\u5834\u80a1\u5e02\u7684\u6295\u8cc7\uff0c\u80fd\u5920\u8b93\u4f60\u7684\u6295\u8cc7\u7d44\u5408\u5728\u9577\u671f\u5e36\u4f86\u66f4\u597d\u7684\u5831\u916c\u5594!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2017-09-11 \u672c\u5468\u5716\u8868 : MSCI \u65b0\u8208\u5e02\u5834\u6307\u6578 \u6bcf\u4e00\u9031\u6211\u5011\u5c07\u7cbe\u9078\u4e00\u500b\u6295\u8cc7\u4eba\u73fe\u5728\u6700\u503c\u5f97\u95dc\u6ce8\u7684\u5716\u8868\u8ddf\u5927 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-10"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=475"}],"version-history":[{"count":0,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/media\/478"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}