Ukunciphisa iingozi zeMali ngee-ETF ezilawulwayo
Kule nqaku, siza kujonga indlela iimali ezithintekayo zeemali eziqingqiweyo kunye nokuba ngaba abatyali-mali bamanye amazwe kufuneka bawaqwalasele iiphothifoliyo zabo.
I-Dollar Yinto 'ebalulekileyo'
I-ETFs ye-beta ye-Smart iye yanda kakhulu eyaziwayo kwiimali zentengo yemali kwiimali ezidlulileyo kwiminyaka emibini edlulileyo. Ngokugxininisa kwixabiso, ukukhawuleza, izabelo kunye nezinye 'izinto', ezi mali zinceda abatyali-mali ukuba bafezekise ngeniso ephezulu, ukubuyisa imali ephezulu okanye ezinye iintlawulo kuneemali eziqhelekileyo. Ubungqina obuxhasa ezi zibango zixutywe kwaye kuxhomekeka kwiimeko ezahlukeneyo, kodwa zixhobo ezixabisekileyo zokunciphisa ingozi.
I-ETF eneemali ezigqitywe ngemali ibe yinto ekhethiweyo ye-beta ye-smart eyanikezwa ngokunyuka kwamaxabiso e-dollar yase-US ngokumalunga neemeko zangaphandle. Phakathi kuka-2011 no-2016, i-dollar yase-United States yayixabisa iipesenti ezingama-30, okanye malunga neepesenti ezingama-5 ngonyaka, oko kuthetha ukuba nayiphi na iimali kwiimarike zangaphandle kweso sihlandlo zancinciweyo ngenxa yokulahlekelwa kwemali kwilizwe langaphandle.
Iimali ze-ETF ezigqitywe ngemali zanceda ukuphucula imbuyekezo ngokususa impembelelo yee currenti zamanye amazwe kule mali.
Ngokuqinisekileyo, i-ETFs eneenqwelo-mali ezingenayo (okanye ayengenako) zenza phantse nakwixesha eliyiminyaka emihlanu elikhokelela ngo-2008 xa idola lawa malunga neepesenti ezingama-25, okanye malunga ne-4.5 ekhulwini ngonyaka.
Abatyalomali ngemali-ii-ETF ezinqambileyo ngelo xesha babeya kulahlekelwa ngama-4,5 ekhulwini ngonyaka kwiimpumelelo zamanye amazwe ngenxa yokulahlekelwa kwixabiso le-dollar yase-US. Abatyalomali babeya kuphinda baphoswe kwezinye iindleko zokungafani kwemali ngaphaya kwedola.
Ukuxhaswa kwiiDola
I-Dynamic currency-ene-ETF edibeneyo ijonge ukujongana nale micimbi ngokulawula ngokuthe ngqo ukufikelela kwiinkcitho zangaphandle. Ngokungafani neengxowa-mali ezilawulwa ngokuzimeleyo, ezi zi- ETF zisebenzisa i-set set rules for determining their exposure to currencies. Injongo ayimfuneko ukuthengisa iirhafu ngenzuzo eyongeziweyo, kodwa kunoko, ukunciphisa ubungozi obuchaphazelekayo nokudlulela kwi-dollar ngelixa kuthatha inxaxheba kwiimpembelelo ezithile xa zixabisa.
Ngokomzekelo, i-WisdomTree Dynamic Currency Hedged International Equity Fund (iDDWM) inikezela abatyalo-mali ngeendlela ezikhethiweyo kwi-iShares iMSCI EAFE ETF (EFA) kunye nama-$ 400 yezigidi kwiimpahla phantsi kolawulo. Ingxowa-mali eguquguqukayo yeengxowa-mali ezigqityiweyo zenze i-EFA kunye ne-EFA kunye nemali efana ne-full-curled funds, njenge-Deutsche X-Trackers i-MSCI EAFE i-Equity Hedged Equity (ETBE) ngokuphepha ukuncipha kweSterling kunye neengxaki ze-euro.
Le ngxowa-mali isebenza ngokujongana nemilinganiselo yemilinganiselo yemingeni, ukuphuhliswa kwezobugcisa, kunye nokuthengwa kwamandla okuthenga umlinganiselo ofanelekileyo wokuhlaselwa.
Ngokutsho kwe-WisdomTree, le miqondiso yenza ukuba imali yayo eguquguqukayo ihlanganiswe ngemali yokuvelisa i-1 ekhulwini ngonyaka wokubuya kwi-dollar's gains ngelixa ikhusela abatyali-mali xa idola liyancipha. Injongo ayiyiyo yokuphumelela ipesenti ezili-100 zexesha, kodwa kunoko, zihlala zibonakaliswe kwiintlobo ezithile kwaye zikhusele ngokunciphisa amaninzi .
Iingozi ezibalulekileyo zokuqwalasela
Umngcipheko omkhulu kubatyalo-mali bamazwe ngamazwe usebenzisa i-Dynamic currency eneenjongo ze-ETFs kukuba baya kwenza iifowuni ezingalunganga xa kulungiswa kwee currencies. Ngeendlela ezininzi, le ngxabano efanayo enokwenziwa malunga nesikhwama esilawulwayo ngokusebenzayo okanye isicwangciso se-beta sobulumko esithatha indlela yokubamba ngezandla ngaphezu kweengxowa-mali ezilawulwa ngokungazinzi . Abatyalomali kufuneka baqaphele xa kuhlaziywa ukusebenza kwezi mali phantsi kwezi meko.
Ngokomzekelo, ingxowa-mali ekhutshwe ngemali engqongileyo ingaphantsi kwemali ekhutshwe ngokugcwele ngexesha lee-dollar ekhulayo kuba kungenakwenzeka ukuba ibe ngama-100 ekhulwini.
Le ngxowa-mali iyahluleka ukuhlawula ngokukhawuleza ngexesha lokwenyuka kweedola, nto leyo ingakhokelela ekungabikho phantsi kweendleko ezingaphezulu kweelindelekileyo.
Abatyalomali kufuneka bahlale bekhumbula ukuba nayiphi na i-outperformance yangoku iyenzeka ngenxa yexesha elifutshane elifutshane (1-5) lemali yedatha kunokuba nayiphi na isicwangciso esisezantsi. Ngenxa yoko, kubalulekile ukuqwalasela ukusebenza kwexesha elide xa kukhoyo okanye ukhangele ngokubanzi iinkqubo ezisetyenziselwa ukuqonda indlela enokuyenza ngayo ngexesha lokuhamba kwemali eyahlukeneyo.
Ngaphantsi
I-ETF ze-Smart beta zithandwa kakhulu kwiqela elidlulileyo leminyaka. Ngokubhekiselele ku-BlackRock, le mali ingaba yi-trillion dollar class class kwiminyaka embalwa nje. Abatyalomali bamazwe ngamazwe banokufuna ukuqwalasela iimali zemali ezinqabileyo ezikhethiweyo njengokuba nethuba lokunciphisa ingozi yemali. Ezi zimali zivumela abatyali-mali ukuba baphephe ukuhla kwehla kwi dollar ngeli gama begcina ezinye zeendlela eziphezulu xa zivela.