Ziziphi ii-JP Morgan EMBI, EMBI + kunye nee-EMBIG Index?

3 Iingxelo zeBhanki eziBalulekileyo ezibalulekileyo eziza kuLwazi

Ubulungisa kunye neengxowa zeekhonkco zisetyenziswa ngokuqhelekileyo njengendlela yokubeka amanqaku okusebenza kunye nesiseko semali yokuthengiselana ngemali (ETFs) kunye neengxowa-mali ezidibeneyo. Amaxesha amaninzi, iikhowudi zityhulwa kwiindidi ezahlukahlukeneyo ngokusekelwe ekufuneni kwabo, njengama-indexes aseYurophu, iinkozo ezincinci, okanye iimali zentengiso ephumayo.

I-JP Morgan EMBI (i-JP Morgan Bond Index), i-EMBI + (Iimpawu zeeNkcazo zeMarike eziPhakamileyo) kunye ne-EMBIG (i-Market Emerging Market Bond Index) Iikhowudi zenzelwe ukuncedisa abatshali-zimali ngabanye kunye nakwiziko lokuthengisa kwiimarike ezikhulayo emhlabeni wonke ukugubungela iintlobo ezahlukeneyo zoqoqosho lwamafama atshabalalayo.

Iimali zeMarike eziPhakamileyo

I-EMBI yokuqala ye-JP Morgan yaqaliswa ngo-1992 ehlanganisa izinto ezibizwa ngokuba yi-Brady bonds, ezizibophelelo zeeDola ezikhishwe ngokuyininzi ngamazwe aseLatin America, kodwa zandiswa kamva zibandakanya ukuboleka imali kunye ne-Eurobonds. Inkokhelo kunye nentlawulo yenzalo kulezi zibophelelo zenziwe kwiidola zase-US kunokuba ihlawulwe ngemali yangaphandle, eyayiqeda ingozi yemali yabanini-mboleko.

I-EMBI + yaboniswa kwakhona ukuba ilandele ukubuyiselwa kwembuyekezo yezixhobo zetyala zangaphandle kwiimarike ezikhulayo emhlabeni wonke.

Kungekudala emva koko, i-EMBIG yasungulwa njengekhowudi yokugqibela yebhanki ephumayo eveliswa njengenguqulo eyongeziweyo ye-EMBI +, ehlanganisa izixhobo ezifanelekileyo ezifanelekileyo kune-EMBI + ngokusebenzisa imida engqongqo kwimali yokuthengiswa kweemarike zesekondari. Uninzi lweemali ezikhulayo zeemveliso zentengiso ngoku zisebenzisa i-EMBIG yenkcazo njengendlela yokubeka umlinganiselo xa kuthelekiswa nokusebenza kwazo ngokuphathelele kwimarike.

Iimpawu zeeNkcazo eziPhakamileyo

Uninzi lwabatyalomali basebenzise ibhenkmarks xa beqhathanisa ukulawulwa ngokunyanisekileyo okanye ukukhetha imali echitshiyelwayo kunye neengxowa-mali kunye neentlawulo zabo. Ngokomzekelo, utyalomali oqwalasela iimalike ezikhulayo ze-ETF unokuthelekisa ukusebenza kwayo kwi-EMBIG okanye kwezinye ii-JP Morgan ukuze uqinisekise ukuba i-ETF ihambelana kangakanani nokusebenza kweekhonkco.

Ezinye ze-ETF ezinxulumene neentengiso ezivelayo ziquka:

• IShares ye-iShares JP Morgan ye-Bond Market Market Bond (EMB)
• I-PowerShares kwi-Market Emerging Market Debt Fund (i-PCY)
• Iimakethe zeMarkVectors Iimakethe eziPhakamisayo zeNgxowa-mali yeNgxowa-mali yeNgingqi (EMLC)
• I-WisdomTree iMakethe yeMakethe yeMatyala yaseNgingqi (ELD)

I-ETF, i-iShares JP Morgan Bourging Market Bond Fund (EMB), isebenzisa i-JP Morgan EMBI Global Index Index njengendlela yokubeka uphawu, oku kuthetha ukuba abaphathi beefowuni bazama ukuphinda bahlaziye ukusebenza kweso sondlo ngokukhawuleza. Ezinye iimali, njengeFundShares eVukayo yeNtengiso yeTyala leMali-mboleko (i-PCY) isebenzisa isalathisi esifanayo.

Ezinye iikhompyutheni

Abatyalomali baneendlela ezininzi ezikhethiweyo xa kukhethwa iikhompyutyana zentengiso ephumayo. Nangona i-JP Morgan EMBI, i-EMBI +, kunye ne-EMBIG zikhombo ziyakwazi ukugqithiswa, abanye bangabonisa iimpawu ezahlukahlukeneyo ezinokubangela ukuba abatshali-zimali kwiimeko ezahlukeneyo. Ngokomzekelo, ezinye iimbosi zingenziwa ngokwezifiso ukwenzela ukuba kuphuculwe ukusebenza ngokumalunga neenqatshulwa zeJP Morgan ezikhankanyiweyo.

Ezinye iindleko ezidumile ziquka:

• I-Market eBhambeleyo yeDB e-DB
• I-Bloomberg I-USD evelayo ye-Market Sovereign Bond Index
• I-Barclays I-Market eVukayo ye-Govric Cap Index

I-ETF ezahlukileyo kunye neemali eziphathekayo zisebenzisa iziganeko ezahlukileyo zeenkonkmark ukwenzela ukuzibeka ngokwahlukileyo kwintsebenzo kunye nokuphucula ukubuyiswa kweengozi . Ngokomzekelo, ezinye iimali zingagxininisa kwiinkcazo ezincinci zeemarike ezikhulayo kanti ezinye zingabakho konke.

Iingcebiso kubaTyalo-mali

Isisitshixo sabatyalomali sigqiba ukuba ngaba i-index index iqukethe zonke iinqununu ezifuna ukufumana ukuzithengisa, kunye nokugqiba ukuba umgangatho wengozi uyamkeleka kwizikhundla zabo. Ngokomzekelo, umtyalo-mali unokufuna ukuvezwa kuphela kwiibhondi ze-Latin American USD, kodwa ezinye iimbosi zinokubakho ngokubanzi ukufikelela kwi-Asia.

Ukongeza kwi-index engundoqo, abatyali-mali kufuneka baqiniseke ukuba iimali ezizithengayo zifanelekile kwiipotfoliyo zabo.

I-index ye-EMBIG iye yathandwa kakhulu kangangokuba ezininzi ze-ETF kunye neengxowa-mali eziphathekayo zisebenzisayo njengesiseko, oko kuthetha ukuba ukukhetha imali engathandwayo yenkxaso-mali kunokukhokelela ekubeni kubekho umngcipheko ophezulu kunye neemali eziphezulu.

Ekugqibeleni, abatyali-mali kufuneka bajonge indlela ama-indexed bond bonds afumana ngayo kwiipotifoliyo zazo. Abatyalomali abanokudala banokufuna ukunyanzeliswa okuphantsi kwezi zibophelelo kunabasenini abatsha abanokuhlala ixesha elide ngenxa yokungahambisani kwabo ngaphezu kwe-US okanye izibophelelo zeemarike eziphuhlisiweyo.