Oku kwongeze ixesha elitsha kwisichazizwi sezemali: "i-proxyes bond".
Injongo ye "Proxies Bond"
Iindawo ezibizwa ngokuba yizibophelelo zebhondi ziindawo zokutshala imali ezithathwa ukuba zanele ukuba zifanane nezibophelelo ngokwamandla abo okubonelela ngeengeniso ezincinci, kodwa zivuno eziphezulu. Abacebisi abaninzi bezezimali bacebisa abatyalomali malunga nale nto. Ngelishwa, njengoko abatyali-mali befunyenwe kwikota yesibini ka-2013, abacebisi bezezimali babelungile: ii-proxies zentsebenziswano zineengxaki ezincinci. Igama elithi "proxy bond" liyingozi. Ibhondi ibhondi kwaye akukho nabambelekileyo.
Izifundo zeMarike ephantsi
Ngomhla ka-Meyi 2013, abatyali-mali babanjwe ngokumangalisa xa uSihlalo we- US Federal Reserve uBen Bernanke ephakamisa ukuba i-Fed ingaqala ukufakela umgaqo-nkqubo wokunciphisa umthamo . Isiphumo saso sithengiswa ngokukhawuleza kwiimarike ezibophelelweyo, kubandakanywa iintlobo ezahlukahlukeneyo zabafaki-zimali abasemngciphekweni aphezulu abathengile njengemibandela yokubambisa ukunyusa imali yabo.
Ngethuba lokusukela ngoMeyi 21, 2013 (umhla uBernanke owaluqala ngawo ngesihloko sokubhenca) ngoJuni 20 (xa iimarike zafika kwindawo ephantsi kunazo zonke zokungqubuzana kwazo), iibhondi zamabakala-mali-mali zawa malunga nama-2.8%. Ngethuba lexesha elifanayo, utyalo-mali olulinganisiweyo lwentengo-mali olwenziweyo lube lubi kakhulu, njengoko lugqitywe ngempumelelo kwezinye ii-ETF eziphambili:
- Izitokethi ezihlawulelwayo ezahlukileyo : iShares Select Dividend ETF (DVY), -6.1%
- Izitokisi zokusebenza : Khetha i-Sector SPDR-Utilities ETF (XLU), -9.4%
- I-Real Estate Investment Trusts (REITs) : iShares US Real Estate ETF (IYR), -15.7%
- Intsebenziswano Elinganiselweyo (iMLPs) : i-Alerian MLP ETF (AMLP), -3.9%
- Iimpahla ezikhethiweyo : iShares US ET ekhethiweyo ye-ETF (PFF), -5.0%
- Iibhondi eziguquguqukayo: I-SPDR Barclays Convertible Securities ETF (CWB), -5.1%
Kubalulekile ukugcina engqondweni ukuba le yinyanga enyanga enye, kwaye ayibonakali loo nto yokuba amashishini athambekele ekuboneleleni ukubuyisela okuphezulu kumabhondi ngaphezu kwexesha elide. Ngexesha elifanayo, kunjalo, lusetyenziswa njengomzekelo ocacileyo weengozi ezifunyenwe ekufuneni izivuno eziphezulu ngaphandle kwemarike yeebhanki: xa amaxesha athathaka, oku kutyalomali-kwaye kwaye kunokwenzeka ukuba izibophelelo ze-lag ngegama elibanzi. Oku kuyamkelekileyo kulabo abanexesha elide lokutyalo-mali kunye nokuqonda imingcipheko echaphazelekayo ekunikezeni isabelo sefa zabo kule mali-mali. Kodwa abanye abatyala-mali, iziganeko zoMeyi-Juni 2013 zibonisa ingozi.
Musa Ukukhohlisa!
Isifundo? Musa ukukhohliswa ngumbono othi utyalo-mali oluthile "lufana" kunye nezibophelelo. Ngaphandle kokuba udidi lwebhondi lufezekanga , ekugqibeleni liza kubuyisa inani elipheleleyo le-inqununu kubalimi-mali xa bekhula .
Kwaye kunye neengxowa-mali , ezininzi zazo ezingakhange zivuthwe ngomhla othile, ngokubanzi zinikezela ngokuthe ngqo ngaphandle kokuba zityalwe kwiklasi ye-asethi ephezulu. Ngokwahlukileyo, kwanamacandelo alondolozo lweemarike ezithengiweyo azinikezeli ngolo hlobo isiqinisekiso. Olunye utyalo-mali, phakathi kwabo ulwalamano lwamafutha kunye negesi, i-real estate investment trusts, ayinakuxhamla, ayiniki iziqinisekiso kwaye inokuthi abatshali-mali balahlekelwe yilahleko engalindelekanga.
Umgca ongundoqo: musa ukuthatha ingozi yokutyalomali-kuquka i-stock market investments - ebizwa ngokuthi "i-bond proxies," ngaphandle kokuba unakho ukukwazi ukumelana nokulahlekelwa kwexesha elifutshane.