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【资本论坛】金思维徐春:用公募基金实现财富管理的现金流与增值

6yue8ri,youhainanshenggongyehexinxihuatingzuoweizhidaodanwei,shanghaibaoyejituan|jiemianxinwenzhuban,haikouguojiagaoxinqu、haikoujiangdongxinquguanlijuzuoweizhichidanwei,tribunekantai、huachenzibenzuoweizhichiqiyedediliujie【zibenluntan】zaihaikouguanlanhudujiajiudianyuanmanluomu。

6yue8ri,youhainanshenggongyehexinxihuatingzuoweizhidaodanwei,shanghaibaoyejituan|jiemianxinwenzhuban,haikouguojiagaoxinqu、haikoujiangdongxinquguanlijuzuoweizhichidanwei,tribunekantai、huachenzibenzuoweizhichiqiyedediliujie【zibenluntan】zaihaikouguanlanhudujiajiudianyuanmanluomu。cfa,jinsiweijizhimubiaofofjijinjingli,jinsiweitouzizixun(shanghai)youxiangongsichuangshirenxuchunchuxibenciluntan,bingfabiaotiwei《yonggongmujijinshixiancaifuguanlidexianjinliuyuzengzhi》dezhuzhiyanjiang。

以下为徐春演讲实录:

yonggongmujijinguanlicaifudeliangdamubiao,yishichixuxingmubiao,jimeigerendouyouxianjinliudexuqiu;lingwaiyigemubiaoshizhangqidezibenzengzhi,jicaifuchulebaozhiyiwai,haixuyaozengzhi。

caifuguanlishijishangyousanzhongleixing,diyishiliuliangcaifuguanli,birushangshigongsidongmizheileigaoguan、gaoshourudeyuangong,meigeyue、meiniandedaodeqianzenmetou,zheishiliuliangcaifuguanlidewenti。

diershicunliangcaifuguanli,biruyigeshangshigongsidechuangshiren,bunagongzihuozhenapingjungongzi,danshiyouhenduodegufen,gufenshijishanghendakenengshigaojingzhide。

haiyoujizhongchigujianchijijianchihoudetouziwenti,zheishibijiaoteshudedisanleicaifuguanli。teshucaifuguanlijingchangmianlindecuowushishenme?zuoyangzhiyekenengtebiexihuanmaisiliao、shouyaogupiao,zaitouzishangshicuowudezuofa,yinweishijishangxianrulezijirenzhidexiaoquanzi。zuixuyaozuodeshishenme?zheijiushidisandian,xuyaopeizhigentahaobuxiangguandelingyu。zuoxinnengyuandepengyou,guoquzheijinian,shijizhenzhengchuangzaolejudadecaifu,xiangxiangshiweishenme?

chulexinnengyuanxingyehegaokejixingye,facaizuizaodeshihoushichukouxingye,youyileizaizhongguocaifubangqianmianchixude,shishanximeilaoban,jishangyoudekuangchanziyuan。zhenzhengzuoxinnengyuandepengyou,shijishanghenduorenzuoguangfumaiguipiangupiao,huozuoxiayoudezujiangupiao,zheizaitouzilingyudoushicuowude。shijishangruguozhenxianggenzijizuodelingyufeichangjiejin,yinggaimaishenme?yinggaimailaodenengyuan,nengyuanzhuanxingdiyixuyaoshangyouziyuanzhichi,duiweilaiyouyidingdeduichong,xinnengyuanbingbushiyaowanquantidaijiunengyuan,jiunengyuanzaixiangdangzhangdeshijianlimianhennanbeitidai,yuanyinshishenme?

diyishitiliangdewenti,xinnengyuanbijingzhandebilihenxiao;diershizaizhenggexinnengyuan,dangwanchengbujudeshihou,buduanxuyaojiudenengyuanzhichi,baokuoshiyouhuagongzheixiechanpin,biruzuofengnenghenzhongyaode,yepianshishuzhi,shuzhilaiyuanyulaonengyuandechanpin。suoyiteshucaifuguanlishibijiaozhongyaode。

mubiaoyijisanzhongcaifuguanli,buguanshiliuliang、cunliang、teshudeyehao,shijishangdoumianlinzhexianjinliudewenti,mianlincaifuzhangqizengzhidewenti。weishenmexuyaowendingdexianjinliu?guoquyiduanshijianagulideliangdazhuxian,suoyoudongxidoubuxing,naliangdazhuxianzhengqian,diyige“zhongtegu”,zhongzitou,fenhongfendehao,yinxing、jianzhu、tielu、shiyou,zuizhongyaodeshishenme?zuizhongyaodeshijilexianjinliu,touzilipanduanyigeshangshigongsi,daodizhiduoshaoqian?shenmeshijiazhitouzi?jirenweiyijiashangshigongsizhiduoshaoqian,ruguoxianzaishizhidiyugujiajiuyinggaimaijin。

zenmepanduanzhiduoshaoqianni?zhuanyeshangyousangezhibiao。diyishizengzhanglv,zengzhanglvruguodadao100%,meinianchuangzaolirunquanbufenchuqu,bunengyongzaizaitouzi,shijishangshibijiaocuowude。suoyigaokeji、gaochengzhangdeshangshigongsishibufenhongde。zengzhanglvjiangdaoyidingchengdu,biruzijinchengbengenbianjishouyixiangdengdeshihou,shizhizuidahuale,zheizhongshihoumeiyoubiyaozaitouzile,buliucunzheigelirunle,jiubalirunfenchuqu,zheishidiergebufen,jiaozuofenhongdeguxishouyilv。

birujinniandeguodaxzhishuchuanglexingao,danzhishugujiazheibufenjibenmeiyoubian,laiziyufenhong,deguogupiaoguxishouyilvfeichanggao。zheishideguodetese。agulizhongtegushichaozuodegainian,shimeiyourenheyiyide。

zuizhongdisanshiqingxu,huozhechengweiguzhishuipingdebiandong。“zhongtegu”zheiyiboxingqingshichangchaozuodechengfenduoyixie。yinxingfenhongchabuduochixuwunianzuidifenhonglv,guxishouyilvchaoguo5%,meitanfenhong、shiyoufenhong、dianxinfenhong,doumeizenmebianhua。weishenmeturanzhijiandajiachaozuo,yinweifenhonggao,jiuyinggaijigenghaodeguzhi,yinweishichangshangmeiyoutaiduodeqitatouzijihui。

dangxiamianlinsangebianhua,diyishibianhuayiqingzhongyuwanjie,yinggaizenmezhaoxinfangxiang。yiqingjieshuyihou,suoweidefandanyijixingqingfusu,jibenshangwanquanxiaoshile。diershimianlinrenkoudewenti,congyuanlaideshulianghongli,bianchengzhilianghongli,zheigeguochengkenengshifeichangmanzhangde,zheizenmeyanyi,sheihuishouyibuqueding。disanshidiyuanzhengzhiboyi,zhongmeiguanxi、zhongouguanxi、zhongguoyudongmengdeguanxi。chukoushujuxianshi,zhongguomuqianshijishangshizhuyaodesandashunchadi,diyishimeiguo8000duoyi,diershioumeng6000duoyi,disanshidongmeng5000duoyi。dongmengde5000duoyihenduoyibufenshizhuankou。lirumeiguoduizhongguochandeguangfuzengjiaguanshui,tamenjiupaodaodongnanyashengchan。

xiangqingchuzenmenonghongli。honglizaisangedifang,diyishilixishouru,diershishangshigongsidefenhongpaixi,disanshizhongguoshichangshangyoufeichangxindegupiaoqiquanjizhi,qiantiankechuang50etfqiquandetuichushizibenshichangzuizhongyaodexiaoxi。etfqiquanfeishifeichangguide,pingjiaqiquanyigeyueqiquanfeichabuduo2%deshouyilv,suoyizheishibijiaozhongyaodezibenzengzhi。

gongmujijinshizhongguoshichangshangzuizhidetouzi、zuizhidexinlaide。hushen300zhishuchengliyilai,dafupaoyingzhongzhaizhishu,zheishidiyigeguilv:quanyileidezichanzhangqishouyilvshihaoyuzhaiquanlei、gudingshouyileide。

diergetese,kenengjinnianyourenmaidegongmujijinkuile,xiwangdajianaixinyixie,zhangyuandikangongmujijindafuzhanshengshichang,mingxianzhanshengshichang。

gongmujijinshiguanlicaifudelixianggongju,diyishijianguanfeichangtouming、feichangyange;diershitouzifeichangduoyanghua;disanshiyaoxiangxinzhuanyedeliliang,buyaoyeyugongmujijinjingli,shijishanggongmujijinzuodefeichanghao。womenzhuyaozuogongmujijindeshuju、gupiaoshuju,dierzuofoftouzi,jiemianjijinjinglipingjiangbeihouyongdeshujudoushiwomentigongde。xiexiedajia!

往届回顾,请进入:

>>>2023【资本论坛】专题

>>>2022【资本论坛】专题

huodongxiangqingchuixun,huanyinglianxi2023【zibenluntan】zuweihui:

会务组:

gunvshi gurenyi@jiemian.com

shaonvshi shaoyifei@jiemian.com

媒体组:

chengnvshi chengxinyuan@jiemian.com

未经正式授权严禁转载本文,侵权必究。

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【资本论坛】金思维徐春:用公募基金实现财富管理的现金流与增值

6yue8ri,youhainanshenggongyehexinxihuatingzuoweizhidaodanwei,shanghaibaoyejituan|jiemianxinwenzhuban,haikouguojiagaoxinqu、haikoujiangdongxinquguanlijuzuoweizhichidanwei,tribunekantai、huachenzibenzuoweizhichiqiyedediliujie【zibenluntan】zaihaikouguanlanhudujiajiudianyuanmanluomu。

6yue8ri,youhainanshenggongyehexinxihuatingzuoweizhidaodanwei,shanghaibaoyejituan|jiemianxinwenzhuban,haikouguojiagaoxinqu、haikoujiangdongxinquguanlijuzuoweizhichidanwei,tribunekantai、huachenzibenzuoweizhichiqiyedediliujie【zibenluntan】zaihaikouguanlanhudujiajiudianyuanmanluomu。cfa,jinsiweijizhimubiaofofjijinjingli,jinsiweitouzizixun(shanghai)youxiangongsichuangshirenxuchunchuxibenciluntan,bingfabiaotiwei《yonggongmujijinshixiancaifuguanlidexianjinliuyuzengzhi》dezhuzhiyanjiang。

以下为徐春演讲实录:

yonggongmujijinguanlicaifudeliangdamubiao,yishichixuxingmubiao,jimeigerendouyouxianjinliudexuqiu;lingwaiyigemubiaoshizhangqidezibenzengzhi,jicaifuchulebaozhiyiwai,haixuyaozengzhi。

caifuguanlishijishangyousanzhongleixing,diyishiliuliangcaifuguanli,birushangshigongsidongmizheileigaoguan、gaoshourudeyuangong,meigeyue、meiniandedaodeqianzenmetou,zheishiliuliangcaifuguanlidewenti。

diershicunliangcaifuguanli,biruyigeshangshigongsidechuangshiren,bunagongzihuozhenapingjungongzi,danshiyouhenduodegufen,gufenshijishanghendakenengshigaojingzhide。

haiyoujizhongchigujianchijijianchihoudetouziwenti,zheishibijiaoteshudedisanleicaifuguanli。teshucaifuguanlijingchangmianlindecuowushishenme?zuoyangzhiyekenengtebiexihuanmaisiliao、shouyaogupiao,zaitouzishangshicuowudezuofa,yinweishijishangxianrulezijirenzhidexiaoquanzi。zuixuyaozuodeshishenme?zheijiushidisandian,xuyaopeizhigentahaobuxiangguandelingyu。zuoxinnengyuandepengyou,guoquzheijinian,shijizhenzhengchuangzaolejudadecaifu,xiangxiangshiweishenme?

chulexinnengyuanxingyehegaokejixingye,facaizuizaodeshihoushichukouxingye,youyileizaizhongguocaifubangqianmianchixude,shishanximeilaoban,jishangyoudekuangchanziyuan。zhenzhengzuoxinnengyuandepengyou,shijishanghenduorenzuoguangfumaiguipiangupiao,huozuoxiayoudezujiangupiao,zheizaitouzilingyudoushicuowude。shijishangruguozhenxianggenzijizuodelingyufeichangjiejin,yinggaimaishenme?yinggaimailaodenengyuan,nengyuanzhuanxingdiyixuyaoshangyouziyuanzhichi,duiweilaiyouyidingdeduichong,xinnengyuanbingbushiyaowanquantidaijiunengyuan,jiunengyuanzaixiangdangzhangdeshijianlimianhennanbeitidai,yuanyinshishenme?

diyishitiliangdewenti,xinnengyuanbijingzhandebilihenxiao;diershizaizhenggexinnengyuan,dangwanchengbujudeshihou,buduanxuyaojiudenengyuanzhichi,baokuoshiyouhuagongzheixiechanpin,biruzuofengnenghenzhongyaode,yepianshishuzhi,shuzhilaiyuanyulaonengyuandechanpin。suoyiteshucaifuguanlishibijiaozhongyaode。

mubiaoyijisanzhongcaifuguanli,buguanshiliuliang、cunliang、teshudeyehao,shijishangdoumianlinzhexianjinliudewenti,mianlincaifuzhangqizengzhidewenti。weishenmexuyaowendingdexianjinliu?guoquyiduanshijianagulideliangdazhuxian,suoyoudongxidoubuxing,naliangdazhuxianzhengqian,diyige“zhongtegu”,zhongzitou,fenhongfendehao,yinxing、jianzhu、tielu、shiyou,zuizhongyaodeshishenme?zuizhongyaodeshijilexianjinliu,touzilipanduanyigeshangshigongsi,daodizhiduoshaoqian?shenmeshijiazhitouzi?jirenweiyijiashangshigongsizhiduoshaoqian,ruguoxianzaishizhidiyugujiajiuyinggaimaijin。

zenmepanduanzhiduoshaoqianni?zhuanyeshangyousangezhibiao。diyishizengzhanglv,zengzhanglvruguodadao100%,meinianchuangzaolirunquanbufenchuqu,bunengyongzaizaitouzi,shijishangshibijiaocuowude。suoyigaokeji、gaochengzhangdeshangshigongsishibufenhongde。zengzhanglvjiangdaoyidingchengdu,biruzijinchengbengenbianjishouyixiangdengdeshihou,shizhizuidahuale,zheizhongshihoumeiyoubiyaozaitouzile,buliucunzheigelirunle,jiubalirunfenchuqu,zheishidiergebufen,jiaozuofenhongdeguxishouyilv。

birujinniandeguodaxzhishuchuanglexingao,danzhishugujiazheibufenjibenmeiyoubian,laiziyufenhong,deguogupiaoguxishouyilvfeichanggao。zheishideguodetese。agulizhongtegushichaozuodegainian,shimeiyourenheyiyide。

zuizhongdisanshiqingxu,huozhechengweiguzhishuipingdebiandong。“zhongtegu”zheiyiboxingqingshichangchaozuodechengfenduoyixie。yinxingfenhongchabuduochixuwunianzuidifenhonglv,guxishouyilvchaoguo5%,meitanfenhong、shiyoufenhong、dianxinfenhong,doumeizenmebianhua。weishenmeturanzhijiandajiachaozuo,yinweifenhonggao,jiuyinggaijigenghaodeguzhi,yinweishichangshangmeiyoutaiduodeqitatouzijihui。

dangxiamianlinsangebianhua,diyishibianhuayiqingzhongyuwanjie,yinggaizenmezhaoxinfangxiang。yiqingjieshuyihou,suoweidefandanyijixingqingfusu,jibenshangwanquanxiaoshile。diershimianlinrenkoudewenti,congyuanlaideshulianghongli,bianchengzhilianghongli,zheigeguochengkenengshifeichangmanzhangde,zheizenmeyanyi,sheihuishouyibuqueding。disanshidiyuanzhengzhiboyi,zhongmeiguanxi、zhongouguanxi、zhongguoyudongmengdeguanxi。chukoushujuxianshi,zhongguomuqianshijishangshizhuyaodesandashunchadi,diyishimeiguo8000duoyi,diershioumeng6000duoyi,disanshidongmeng5000duoyi。dongmengde5000duoyihenduoyibufenshizhuankou。lirumeiguoduizhongguochandeguangfuzengjiaguanshui,tamenjiupaodaodongnanyashengchan。

xiangqingchuzenmenonghongli。honglizaisangedifang,diyishilixishouru,diershishangshigongsidefenhongpaixi,disanshizhongguoshichangshangyoufeichangxindegupiaoqiquanjizhi,qiantiankechuang50etfqiquandetuichushizibenshichangzuizhongyaodexiaoxi。etfqiquanfeishifeichangguide,pingjiaqiquanyigeyueqiquanfeichabuduo2%deshouyilv,suoyizheishibijiaozhongyaodezibenzengzhi。

gongmujijinshizhongguoshichangshangzuizhidetouzi、zuizhidexinlaide。hushen300zhishuchengliyilai,dafupaoyingzhongzhaizhishu,zheishidiyigeguilv:quanyileidezichanzhangqishouyilvshihaoyuzhaiquanlei、gudingshouyileide。

diergetese,kenengjinnianyourenmaidegongmujijinkuile,xiwangdajianaixinyixie,zhangyuandikangongmujijindafuzhanshengshichang,mingxianzhanshengshichang。

gongmujijinshiguanlicaifudelixianggongju,diyishijianguanfeichangtouming、feichangyange;diershitouzifeichangduoyanghua;disanshiyaoxiangxinzhuanyedeliliang,buyaoyeyugongmujijinjingli,shijishanggongmujijinzuodefeichanghao。womenzhuyaozuogongmujijindeshuju、gupiaoshuju,dierzuofoftouzi,jiemianjijinjinglipingjiangbeihouyongdeshujudoushiwomentigongde。xiexiedajia!

往届回顾,请进入:

>>>2023【资本论坛】专题

>>>2022【资本论坛】专题

huodongxiangqingchuixun,huanyinglianxi2023【zibenluntan】zuweihui:

会务组:

gunvshi gurenyi@jiemian.com

shaonvshi shaoyifei@jiemian.com

媒体组:

chengnvshi chengxinyuan@jiemian.com

未经正式授权严禁转载本文,侵权必究。