Ziziphi i 130/30 zeNgxowa-mali?

Iisiseko ze-130/30 zeNgxowa-mali

Iimali ze-130/30 zinguqulelo-okanye ngaba bathengisi abachazela imali njengendlela yokusebenzisa inzuzo yabaphathi bezezikhundla zokukhangela ubuchule. Ziziphi iimali ze-130/30 kwaye kufuneka uthenge enye?

Iimali zeMveli ngokubhekiselele kuma-130/30 kwiimali

Ingxowa-mali yemveli yomdlelwane yemali inesitokethi umphathi wezikhwama ukholelwa ukuba uya kufana nokuqhathaniswa nekhenkethi ye-fund. Ngamanye amazwi, umphathi weengxowa-mali angathenga izabelo zeMicrosoft ngenxa yokuba ukholelwa ukuba iMicrosoft izakukhupha i-index ye-cap-capital equity index-efana ne-S & P 500.

Ukuba lo mlawuli unquma ukuba iMicrosoft iyityala lokutshala imali, umphathi unokuthengisa kuphela isitishi ukuba ngaba ikhona.

Kukho ulwahlulo phakathi kweengxowa-mali zenkcubeko kunye ne-130/30 mali. Ukuba umphathi wekhredithi ye-130/30 ukholelwa ukuba iMicrosoft iyityala elibi, banokuthengisa i-stock short. Ngamanye amazwi, banokuthengisa i-stock ngaphandle kokufumana isitokisi-isicwangciso abasetyenzisi-mali abangasebenzisa ukuba baxhamle kwixabiso lentengo ewayo. Ngoko, umphathi wekhredithi ye-130/30 angenza isigqibo sokuthenga isitokethi ukuze enze imali kwaye athengise isitoko ukuze enze imali (ngokubhekiselele kumphathi wesikhwama wendabuko onokuthengisa kuphela i-stock ukuze angalahlekelwa yimali).

Ulwakhiwo lwee-130/30 zeeNgxowa

Ingxowa ye-130/30 iya kuba neyethuba elide (i-own) i-130% yepottoliyo ngelixa ukusweleka (njengomzekelo ongentla ngasentla kunye ne-Microsoft) 30% ye-asethi-zimali kwi-fund.

Makhe sibone umzekelo olula ukuqonda umgaqo wee-130/30 zeemali:

1. Le ngxowa ine-$ 1 yezigidi zeempahla apho ithenga i-1 million yezibambiso (100% ubude).
2. Ingxowa iyaboleka iimali ezixabisa i-$ 300,000 kwaye ithengisa ezo ziqinisekiso (30% mfutshane).
3. Imali evela kwi-short-sales isetyenziselwa ukuthenga i-$ 300,000 ezongezelelweyo iziqinisekiso (30% ubude).
4. Le ngxowa ine-$ 1.3 yezigidi zamasheya ende (130% ubude) ngelixa lifutshane ne-300,000 (30% mfutshane).

1. Ngoku sinayo imali ye-130/30.

Umtsalane wee-130/30 zeNgxowa-mali

Isakhiwo seengxowa-mali se-130/30 sinomdla ngokukhethekileyo kwi- fund esebenzayo. Ukholelwa ukuba uyongeza intengo ngokukhetha kunye nokukhetha amasheya athile. Ngokomzekelo, umphathi wengxowa yemveli unokukhetha amasheya abakholelwa ukuba aya kunyuka kwixabiso - utyalo-mali 100% kwipotfoliyo ekukhethweni kwempahla. Ngakolunye uhlangothi, umphathi wezikhwama we-130/30 yengxowa-mali unama-100% ekubonakalisweni kwemarike kodwa yenza izigqibo zokutshala imali kunye ne-160% yeefaji zeepotfoliyo.

Bafezekisa njani ukunyanzeliswa kwe-100% kwimarike kunye nokwenza izigqibo zokutyalomali kunye ne-160% yexabiso lephothifoliyo? Njengoko kumzekelo ongentla, umphathi wezezigqibo uthetha ukuthenga izitokethi ezixabisa i-130% yeefa ze-mali kwaye igqiba iifotshane ezimfutshane ezixabisa i-30% yeempahla zeemali. Ukuxhaswa kwemali kwiimarike kuyinto eyi-130% efanelekileyo kwaye i-30% engekho inetha enamanani athile kwi-100% kwaye yenza izigqibo ezisebenzayo eziyi-160% yepotfolio (130% ende, 30% efutshane).

Izingozi ze-130/30 zeNgxowa-mali

Ngubani ongcono ukuchaza ingozi ye-130/30 kwingxowa-mali kunekampani yenkxaso-mali eyenza isakhiwo? Ukusuka kwiwebhsayithi yeJP Morgan Asset Management: "Akukho siqinisekiso sokuba ukusetyenziswa kwezikhundla ezide kunye ezimfutshane kuya kuphumelela ekunciphiseni ukunyanzeliswa kwengxowa kwiimveliso zentengiso yeempahla zentengiso, ukuxhaswa kwemali, ukunyuka kwamacandelo okanye ezinye izinto ezinobungozi.

Utyalo-mali kwiphothifoliyo ethintekayo ekuthengiseni kwexesha elide kunye elifutshane lingaba nezinga eliphezulu lokuthengiswa kweepotfolio. Oku kuya kubangela impembelelo eyongezelelweyo yerhafu. Ukuthengisa okufutshane kufaka ingozi ethile, kuquka neendleko ezongezelelweyo ezibandakanya ukufaka izikhundla ezimfutshane kunye nokulahleka okungenamkhawulo kwiindawo ezithile zokuthengisa ezifutshane. "

Ngaba Ufuna iifowuni ezingama-130/30?

Ngoko, ngubani ofuna i-fund / 130? Ngaba le ngxowa-mali ye-130/30 yinto engaphezulu kunye ne-hoopla kubaxhasi bemali?

Ngamafutshane, iimali ezingama-130/30 zisemgangathweni. Nangona iimali ezili-130/30 ezazisungulwa ngo-2004, ubuninzi beemali eziyi-130/30 zingaphantsi kweminyaka emihlanu yerekhodi. Kusasa kakhulu ukuxelela.

Nangona kunjalo, ukuba ungumkholi-mali wokutsalwa kweengxowa-mali (okanye utyalo-mali olawulwa ngokungathandabuzekiyo), uya kuba neengxowa-mali zezi 130/30.

Ukufumana ubude kunye nokufutshane kabini ngokufanelekileyo, kuya kuba ngummangaliso - i-indexer inokulila.

Ngaphambi kokuthenga nawuphi na uhlobo lweengxowa-mali , abatyali-mali kufuneka baqiniseke ukuba kufanelekile kwiinjongo zabo zokutshala .