Indlela efanelekileyo yokuqonda ukulungiswa kwemali kukujonga umzekelo. Yithi umphathi wezikhwama ufuna ukuthenga iimali ezizigidi ezigidi ze-US dollar ezikhutshwe nguRhulumente waseKhanada, kodwa unombono ontle kwiDola laseKhanada.
Umphathi angathenga izibophelelo, ngoko "uhlaselo" lwemali ngokuthenga utyalo-mali ohamba kwindlela echaseneyo nedola laseKhanada. Ukuba imali iyawa ngama-5%, i-hedge izuza u-5% kwaye umphumo we-net is zero. Kwiphepha le-flip, ukuba imali iyafumana u-5% ixabiso lentambo iya kulahla ngo-5%. Ngandlela-thile, impembelelo yemali ayifumananga.
Kutheni oku kubalulekile? Kwakhona, umzekelo unikeza umzekeliso olungcono. Ukusebenzisa umzekelo ofanayo ukusuka phezulu, uthi ngonyaka kamva iibhanki zikaRhulumente zaseKhanada azitshintshi kwintengo, okuthethi akukho ntlawulo okanye ilahleko ngokubaluleka kwesikhundla. Ukuba inani le-dollar yaseCanada liwela ngo-5%, nangona kunjalo, umtyalo-mali uza kubona ixabiso le-$ 1 yezigidi ze-dollar yase-US liwela kwi-950,000 yee-dollar nangona ixabiso leebhondi ngokwazo lingatshintshi. Isizathu salo kukuba umtyalomali kufuneka atshintshe iidola zase-US kwiidola zaseCanada ukuze enze ukuthenga.
Ngokubhinqa, umphathi ususa umngcipheko wokwenzakalisa ukunyuka kwemali engalunganga.
Ukubanjwa Kwemali Kusebenza
Ukuhlanjwa ngokuqhelekileyo kuqeshwe ngeendlela ezimbini. Okokuqala, umphathi unako ukuhlawula "ngethuba." Oku kuthetha ukuba umphathi uya kubakho izibophelelo zamanye amazwe kwiipotifoliyo zakhe, kodwa kuphela ukubeka isikhundla xa isimo sengqondo esithile singathandeki.
Ngokomzekelo olula, umphathi uye watyala imali engama-20% kwipotfoliyo kumazwe amahlanu: iJamani, i-United Kingdom, iCanada, iJapan ne-Australia. Umphathi akanalo uluvo kwiininzi zeengxowa zephantsi, kodwa unombono obi kakhulu kwi yen yenJapan. Umphathi unokukhetha ukukhanda isikhundla saseJapan kuphela kwaye agcine umgca woluhlu ade athathe umbono okhangelekileyo kwi yen. Ngokuqhelekileyo uya kubona oku kubhekiswe kwiincwadi zeengxowa-mali njenge-"tactical".
Indlela yesibini yokubhinqa isetyenziselwa imali ehlanganiswe njengengxenye yegunya labo. Ngokuqhelekileyo, igama elithi "i-hedged" liya kusetyenziswa egameni le-fund. Kule meko, zonke izikhundla ziboshwe ukuze ingxowa-mali ingabi naluphi uhlobo lwemali lwangaphandle.
Yiyiphi Inkolelo eyenza kwiMigomo yeFund Return?
Ukwahlukana okunokwenene kunokuba lukhulu ngexesha elifutshane. Iingxowa-mali zinokukwenza ukuhamba okukhulu kwixesha elincinci xesha, ngoko kuya kuba nezikhalazo phakathi kokusebenza kweefotfoliyo ezinqatyisiweyo kunye nezingekho phantsi kwekota nganye okanye kwikota yekhalenda. Ngexesha elide, nangona kunjalo, umehluko unganakongeza kwizinto ezininzi ukusuka kwiimali zentengiso eziphuhliswayo akukho uhlobo lweempahla ezibonelela ngexabiso elide.
Ukukhetha Phakathi kweeNgxowa zeHedged kunye ne-Unhedged Foreign Bond Funds
Enye indlela efanelekileyo yokufumana isikhundla kwiibhondi zangaphandle kukuthenga enye okanye ngaphezulu kweemali okanye ii- ETF ezijolise kwiibhanki zangaphandle kwelinye ilizwe okanye kumazwe angaphezulu. Oku kukuvumela ukuba udibanise iibhanki zakho zokubambisa kunye ne-investment encinci. Njengamaxesha onke, khangela iimali okanye i-ETF kunye neentlawulo eziphantsi zolawulo-izifundo ezininzi ezizimeleyo zemali kunye neerhafu zizimisele ukuba kukho ulwalamano oluphambeneyo phakathi kweemali zenkxaso-mali kunye nokusebenza-imali ephezulu yokulawulwa kwemali, eyona nto ibhekene nokusebenza.
Iingqapheli, umtyalo-mali unokukhetha i-fund enekratshi okanye engagqithwanga ngokuxhomekeka kwimiqulu yemali yakutshanje. Ngokomzekelo, ukuba idola yayenziwe ngokukodwa ngokungafanelekileyo kunyaka odlulileyo (oko kuthetha ukuba kuya kuba nzima ukubuyela kunyaka ozayo, ngokulingana nokulahlekelwa kwixabiso leemali zangaphandle), umtyalo-mali unokubona ukusebenza okungcono kwinqaba iipotifoliyo.
Ngokwenza oko, nangona kunjalo, ukuchazwa kweemeko zemali kungekudala. Kunoko, qwalasela ukunyamezela kwakho. Iiphothifoliyo ezingabanjwanga zivame ukufumana ukunyaniseka okuphezulu, ngelixa iipotfoliyo ezifihliweyo zibonelela ngeziphumo ezilula. Ngeemali ezithengisa "ngethuba" okanye "ngetekethi," jonga irekhodi labo. Ukuba le ngxowa-mali ibonise ukungaqhubi kakuhle, ngokucacileyo indlela yabo ayisebenzisayo.
Ukuze ufunde kabanzi malunga nempembelelo yemali ekusebenzeni kweemali zebhanki, jonga eli nqaku: I-Dollar eqinile ithinte njani iiNgxowa-mali zeBondle zamazwe ngamazwe ?