Funda Ngokusebenzisa i-Inflation-Treasure Securities Formula
Ziziphi iIPIPS?
Inqaku le -vanilla ye-vanilla, i-TIPS inikezela abatyalo-mali ukuba bathengise isivuno esicwangcisiweyo. Uhlobo oluphambili: inqununu ye-TIPS ihlengahlengiswa ukubonisa utshintsho kwiNkcazo yeeNtengo zabathengi (i-CPI), kwaye intlawulo yenzalo ibalwa ngokubaluleka kwexabiso lesibhondi.
Le ntlawulo inyuka ngokunyuka kwamaxabiso, kodwa iya kuncipha kwimeko enqabileyo yokuchasana (okt, amanani ahlayo). Isixa-mali senqununu-mali ufumana ukutyalomali kwakhe kwasekuqaleni kunye naluphi na utshintsho oluphezulu. Ngamafutshane, inqununu iphakanyiswa yi-CPI, ngelixa ixabiso lekhuphoni limela "ukubuyiswa kwangempela", okanye ubuyele ngaphezu kwexabiso lentengo.
Xa kuthelekiswa, i-vanilla e-plain Ekubeni umtyalo-mali ebonakaliswe ngokupheleleyo kwimpembelelo ye-inflation kwi-bond bond, ufuna i-premium - inzala ephakamileyo, inokucingwa ngokuba "ukhuseleko" ngokuchasene nokunyuka kwamaxabiso - ukufumana iiNondyebo kunokuba i-TIPS.
Ukubala ixabiso lexabiso lemveliso kunye ne-TIPS
I-premium yengozi ingabalwa ngokuthelekisa umahluko kwimvuno kwiNondyebo kunye neNkokeli yeMali-mali yoKhuseleko (i-TIPS) yokukhula okufanayo. Isiphumo sibonisa inani lokukhuselwa kootyalo-mali abafunayo, oko kuthi oko kusitshela ukuba yiyiphi imilinganiselo yokunyuka kwamaxabiso.
Umzekelo, ukuba uNondyebo oneminyaka emihlanu unesivuno se-3% kwaye i-TIPS iminyaka emihlanu inesivuno se-1%, ngoko ke ukulindela kwemali kwiminyaka emihlanu ezayo i-2% ngonyaka. Ngokufanayo, ukusebenzisa imiba emibili okanye elishumi kunokusitshela ukuba kulindeleke ukuba kulawo maxesha. Lo mahluko udlalwa ngokuba yi-"infake" yokunyuka kwamaxabiso.
Enye indlela yokujonga i-equation yile:
Ukhuseleko lwezeMali = I-TIPS Zondla + Ixabiso lemali elindelekileyo
Ngoko ke sinokufumana lula ukulindela kweemarike kwixesha elizayo lokunyuka kwamaxabiso, ubuncinane kwimfundiso. Isizathu sokuba oku kuphela "kwimbono" kukuba ukungafani phakathi kweziqinisekiso ezimbini kubangela ukuphazamiseka kweemarike ezikhusela oku kubalwa ekunikeni umphumo ngqo. I-TIPS ivolumu yokuthengisa iyancinci kakhulu kunokooNondyebo, ngoko ukuhlukahlukana kwemveliso kunokutshintsha rhoqo ngenxa yezinto zobugcisa ezingahambelani nokulindela ukunyuka kwamaxabiso. Ngenxa yoko, i-gap isivuno singasetyenziswe njengesikhokelo kodwa kungekhona njengomlinganiselo omiselweyo wokulindela kwangoku.
I-ETFs Elandelwayo I-Inflation Imindeni
Abatyalomali basenokungathengisa ukunyuka kwexabiso lokunyuka kwamaxabiso ukusuka kwiimali ezine- exchange-exchange (ETFs) ukulandelelanisa i-gap phakathi kooNondyebo be-10 kunye ne-TIPS:
- I-ProShares I-TIPS Zonyaka-30 / TSY Ukusasazeka (i-RINF) : Iikhompyutheni ze-TIPS-i-Nondyebo isasazeka kungekho nzuzo. Intengo yesabelo sale ngxowa kufuneka iphakame xa kulindelwe ukulindela.
- I-ProShares mfutshane I-TIPS / I-TSY Ukusasazeka (FINF) : Iimpawu eziphambene ne-TIPS-Treasury zisasazeka ngaphandle kokubaluleka. Le ngxowa iphakama xa ukulindela kwexabiso lentengo kuhla.
- I-UltraPro ye-TIPS ye-10 YE-TIPS / TSY Ukusasazeka (UINF) : Iiprogram ze -TIPS-i-Treasury isasazeka ngokuphindwe kathathu. Intengo yesabelo sale ngxowa kufuneka iphakame kathathu ngaphezu kokusasazeka.
- I-UltraPro Mfutshane Iminyaka eyi-10 I-TIPS / TSY Ukusasazeka (i-SINF) : Iikhompyutheni ze-TIPS-i-Treasury isasazeka ngokuphindwe kathathu. Ixabiso lesabelo sale ngxowa-mali kufuneka liphakame kathathu ukusabalala.
Qaphela ukuba ezi zi-ETF zingaba nemali ephezulu yokuphatha.
Ngemali ayinikezeli irhafu, utyalo-mali, iinkonzo zemali kunye neengcebiso. Ulwazi lwenziwa ngaphandle kokuqwalasela iinjongo zotyalo-mali, ukunyamezela ngengozi okanye imeko zezimali kwanoma yimuphi umtyalo-mali othile kwaye angenakufaneleka kubo bonke abatyalo-mali. Ukusebenza kwangaphambili akubonakali kweziphumo ezizayo. Utyalo-mali luquka ubungozi kubandakanya ukulahlekelwa kwinqununu.