{"id":6174,"date":"2022-12-05T22:27:36","date_gmt":"2022-12-05T22:27:36","guid":{"rendered":"\/\/smallcapscn.x5view.co\/?p=6174"},"modified":"2023-08-29T17:56:25","modified_gmt":"2023-08-29T17:56:25","slug":"can-active-fund-managers-stage-a-comeback","status":"publish","type":"post","link":"https:\/\/smallcapscn.x5view.co\/?p=6174","title":{"rendered":"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f"},"content":{"rendered":"

\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u76ee\u524d\u5904\u5883\u8270\u96be\uff0c\u4f46\u6211\u4e2a\u4eba\u6b63\u5728\u52aa\u529b\u4e89\u53d6\u4ed6\u4eec\u4ee5\u66f4\u4f4e\u7684\u6210\u672c\u5377\u571f\u91cd\u6765\u3002<\/p>\n

\u5bf9\u4e8e\u4f7f\u7528\u6210\u672c\u6781\u4f4e\u7684\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1 (ETF) \u6765\u5b9e\u73b0\u5e7f\u6cdb\u591a\u5143\u5316\u7684\u88ab\u52a8\u6295\u8d44\u7684\u516c\u5f00\u62e5\u62a4\u8005\u6765\u8bf4\uff0c\u8fd9\u542c\u8d77\u6765\u53ef\u80fd\u5f88\u5947\u602a\u3002<\/p>\n

\u6211\u786e\u5b9e\u8ba4\u4e3a\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u5f88\u96be\u5728\u6263\u9664\u8d39\u7528\u540e\u8dd1\u8d62\u8fd9\u4e9b\u6307\u6570 ETF\uff0c\u4f46\u8fd9\u7edd\u4e0d\u662f\u4e0d\u53ef\u80fd\u7684\u2014\u2014\u5c24\u5176\u662f\u5982\u679c\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u591f\u964d\u4f4e\u8d39\u7528\u7684\u8bdd\u3002<\/p>\n

\u4f17\u6240\u5468\u77e5\uff0c\u4e00\u4e9b\u5927\u578b\u4e3b\u52a8\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u6700\u8fd1\u4e00\u76f4\u5728\u82e6\u82e6\u6323\u624e\uff0c\u5305\u62ec Perpetual (ASX: PPT)\u3001\u5176\u6536\u8d2d\u76ee\u6807 Pendal (ASX: PDL)\u3001AMP (ASX: AMP)\u3001Platinum Asset Management (ASX: PTM) )\u3001Magellan Financial Group (ASX: MFG) \u548c Janus Henderson (ASX: JHG) \u7b49\u7b49\u3002<\/p>\n

\u5e74\u8f7b\u6295\u8d44\u8005\u62e5\u62b1 ETF<\/h2>\n

\u80a1\u4ef7\u4e0b\u8dcc\u548c\u7ba1\u7406\u7684\u57fa\u91d1\u51cf\u5c11\u662f\u5ec9\u4ef7\u548c\u6709\u6548\u7684 ETF \u52a0\u901f\u53d1\u5c55\u7684\u53cd\u9762\uff0c\u8fd9\u4e9b ETF \u53d7\u5230\u4e86\u5c24\u5176\u662f\u5e74\u8f7b\u6295\u8d44\u8005\u7684\u6b22\u8fce\u3002<\/p>\n

Morningstar \u7684\u6570\u636e\u6e05\u695a\u5730\u8bf4\u660e\u4e86\u8fd9\u4e00\u60c5\u51b5\uff0c\u81ea 2017 \u5e74\u521d\u4ee5\u6765\uff0c\u88ab\u52a8\u7ba1\u7406\u57fa\u91d1\u83b7\u5f97\u4e86 842 \u4ebf\u6fb3\u5143\u7684\u6b63\u8d44\u91d1\u51c0\u6d41\u5165\uff0c\u4e0e\u6b64\u540c\u65f6\uff0c\u4e3b\u52a8\u578b\u57fa\u91d1\u51fa\u73b0\u4e86 91 \u4ebf\u6fb3\u5143\u7684\u51c0\u6d41\u51fa\u3002<\/p>\n

\u81ea\u88ab\u52a8\u57fa\u91d1\u5728\u6fb3\u5927\u5229\u4e9a\u53d1\u5c55\u521d\u671f\u4ee5\u6765\u7684 20 \u591a\u5e74\u91cc\uff0c\u4ed6\u4eec\u770b\u5230\u4e86 1220 \u4ebf\u6fb3\u5143\u7684\u6d41\u5165\uff0c\u800c\u4e3b\u52a8\u57fa\u91d1\u4ec5\u83b7\u5f97\u4e86 30 \u4ebf\u6fb3\u5143\u7684\u6d41\u5165\u3002<\/p>\n

\u4e0d\u96be\u53d1\u73b0 ETF \u8d8a\u6765\u8d8a\u53d7\u6b22\u8fce\u7684\u539f\u56e0\u2014\u2014\u5b83\u4eec\u901a\u5e38\u6536\u53d6\u5927\u7ea6 0.25% \u7684\u7ba1\u7406\u8d39\u2014\u2014\u6709\u65f6\u751a\u81f3\u66f4\u5c11\u2014\u2014\u800c\u4e3b\u52a8\u578b\u57fa\u91d1\u901a\u5e38\u6536\u53d6\u5927\u7ea6 1% \u7684\u7ba1\u7406\u8d39\uff0c\u6709\u65f6\u751a\u81f3\u66f4\u591a\u3002<\/p>\n

\u4f4e\u5ec9\u7684\u8d39\u7528\u548c\u51fa\u8272\u7684\u6027\u80fd\u662f\u65e0\u4e0e\u4f26\u6bd4\u7684<\/h2>\n

\u5982\u679c\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u53d6\u5f97\u4e86\u66f4\u597d\u7684\u6295\u8d44\u4e1a\u7ee9\uff0c\u4ed6\u4eec\u53ef\u80fd\u80fd\u591f\u5728\u6536\u53d6\u66f4\u9ad8\u8d39\u7528\u7684\u60c5\u51b5\u4e0b\u751f\u5b58\u4e0b\u6765\uff0c\u4f46\u4e0d\u5e78\u7684\u662f\uff0c\u4e8b\u5b9e\u6070\u6070\u76f8\u53cd\u2014\u2014\u5e73\u5747\u800c\u8a00\uff0c\u6307\u6570 ETF \u5728\u6263\u9664\u8d39\u7528\u540e\u7684\u8868\u73b0\u4f18\u4e8e\u5927\u591a\u6570\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u3002<\/p>\n

\u6709\u4e00\u4e9b\u6d3b\u8dc3\u7684\u7ecf\u7406\u4eba\u8868\u73b0\u51fa\u8272\uff0c\u4f46\u5e74\u590d\u4e00\u5e74\u5f88\u5c11\u662f\u540c\u4e00\u4e2a\u7ecf\u7406\u4eba\u3002<\/p>\n

\u4f8b\u5982\uff0c\u67d0\u4e00\u5e74\u8d2d\u4e70\u4ea4\u6613\u4ef7\u683c\u76f8\u5f53\u4fbf\u5b9c\u7684\u5f3a\u5927\u516c\u53f8\u7684\u4ef7\u503c\u7ecf\u7406\u53ef\u80fd\u4f1a\u6709\u597d\u4e00\u5e74\uff0c\u4f46\u63a5\u4e0b\u6765\u7684\u4e00\u5e74\uff0c\u53ef\u80fd\u662f\u4ef7\u683c\u5408\u7406\u7684\u589e\u957f\u7ecf\u7406\u6216\u91cf\u5316\u4ea4\u6613\u5458\u3002<\/p>\n

\u9009\u62e9\u4e00\u4e2a\u80fd\u591f\u6301\u7eed\u8dd1\u8d62 ASX 200 \u6307\u6570\u7684\u4e3b\u52a8\u7ba1\u7406\u4eba\u975e\u5e38\u56f0\u96be\uff0c\u56e0\u4e3a\u9ad8\u989d\u8d39\u7528\u548c\u4e0d\u65ad\u53d8\u5316\u7684\u6295\u8d44\u60c5\u51b5\u76f8\u7ed3\u5408\u4f7f\u5f97\u6301\u7eed\u8dd1\u8d62\u975e\u5e38\u56f0\u96be\u3002<\/p>\n

\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u5b9e\u9645\u4e0a\u662f\u7528\u4e00\u53ea\u624b\u7ed1\u5728\u80cc\u540e\u5f00\u59cb\u7684\u3002<\/p>\n

\u5c3d\u7ba1\u5982\u6b64\uff0c\u51fa\u4e8e\u4ee5\u4e0b\u51e0\u4e2a\u539f\u56e0\uff0c\u6211\u4ecd\u7136\u662f\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u7684\u7c89\u4e1d\uff1a\u5177\u6709\u8bbd\u523a\u610f\u5473\u7684\u662f\uff0c\u4e3b\u8981\u539f\u56e0\u662f\u88ab\u52a8\u578b ETF \u7684\u6210\u529f\u5e94\u8be5\u6709\u52a9\u4e8e\u4ed6\u4eec\u505a\u51fa\u66f4\u597d\u7684\u51b3\u7b56\u3002<\/p>\n

\u6709\u4e00\u4e9b\u66f4\u4fbf\u5b9c\u7684\u4e3b\u52a8\u7ba1\u7406\u4eba<\/h2>\n

\u6211\u4f7f\u7528\u7684\u4e24\u4e2a\u6d3b\u8dc3\u57fa\u91d1\u7ecf\u7406\u7684\u4f8b\u5b50\u662f Australian Investment Company (ASX: AFI) \u548c Argo (ASX: ARG)\u2014\u2014\u8fd9\u4e24\u5bb6\u90fd\u662f\u8001\u6d3e\u7684\u4e0a\u5e02\u6295\u8d44\u516c\u53f8\u3002<\/p>\n

\u867d\u7136\u4e00\u4e9b\u6295\u8d44\u8005\u770b\u4e0d\u8d77\u8fd9\u4e9b\u5386\u53f2\u60a0\u4e45\u7684 LIC\uff0c\u4f46\u6211\u559c\u6b22\u5b83\u4eec\uff0c\u56e0\u4e3a\u5b83\u4eec\u5e26\u6765\u4e86\u5f88\u591a\u767d\u53d1\u7684\u6295\u8d44\u7ecf\u9a8c\uff0c\u800c\u4e14\u5b83\u4eec\u6536\u53d6\u7684\u6295\u8d44\u8d39\u7528\u4e5f\u66f4\u5408\u7406\u2014\u2014\u4f8b\u5982\uff0cAFI \u7684\u8d39\u7528\u4ec5\u4e3a 0.16% 2021-22 \u5e74\u3002<\/p>\n

\u4e0d\u8981\u8bef\u4f1a\u6211\u7684\u610f\u601d\uff0c\u8fd9\u4e9b\u6d3b\u8dc3\u7684\u7ecf\u7406\u4eba\u5e76\u4e0d\u662f\u901a\u8fc7\u5728\u5e95\u90e8\u8d2d\u4e70\u52a0\u5bc6\u8d27\u5e01\u6765\u7184\u706d\u706f\u5149\u7684\u5174\u594b\u5242\u3002<\/p>\n

\u4ed6\u4eec\u7684\u98ce\u683c\u66f4\u50cf\u662f\u505a\u51fa\u5224\u65ad\uff0c\u51cf\u6301\u4ed6\u4eec\u5728\u56db\u5927\u94f6\u884c\u4e4b\u4e00\u7684\u6301\u80a1\uff0c\u56e0\u4e3a\u4ed6\u4eec\u4e0d\u76f8\u4fe1\u7ba1\u7406\u5c42\u7684\u8ba1\u5212\uff0c\u6216\u8005\u4ed6\u4eec\u8ba4\u4e3a\u80a1\u7968\u592a\u8d35\u4e86\u3002<\/p>\n

\u7136\u800c\uff0c\u4ed6\u4eec\u4f1a\u4fdd\u6301\u8b66\u60d5\uff0c\u4ed6\u4eec\u5b9e\u9645\u4e0a\u91c7\u8bbf\u4e86\u5f88\u591a\u9ad8\u7ba1\u548c\u8463\u4e8b\u4f1a\u6210\u5458\uff0c\u800c\u4e14\u4ed6\u4eec\u662f\u7cbe\u660e\u7684\u7ecf\u7406\uff0c\u5728\u770b\u5230\u673a\u4f1a\u65f6\u624b\u63e1\u5927\u91cf\u73b0\u91d1\u3002<\/p>\n

\u4e0d\u51fa\u6240\u6599\uff0c\u5b83\u4eec\u5f80\u5f80\u5177\u6709\u975e\u5e38\u4e00\u81f4\u7684\u6295\u8d44\u4e1a\u7ee9\uff0c\u5e76\u4e14\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\uff0c\u5b83\u4eec\u5f80\u5f80\u4f1a\u8dd1\u8d62 ASX 200 \u7d2f\u79ef\u6307\u6570\uff0c\u5c3d\u7ba1\u663e\u7136\u6709\u4e9b\u5e74\u4efd\u4f18\u4e8e\u5176\u4ed6\u5e74\u4efd\u3002<\/p>\n

\u4f7f\u7528\u6838\u5fc3\u548c\u536b\u661f\u65b9\u6cd5\uff0c\u4ee5\u88ab\u52a8\u6307\u6570 ETF \u4e3a\u4e2d\u5fc3\uff0c\u4e3b\u52a8\u6295\u8d44\u73af\u7ed5\uff0c\u8fd9\u4e9b LIC \u975e\u5e38\u503c\u5f97\u8003\u8651\u7528\u4e8e\u4e00\u4e9b\u4fdd\u5b88\u7684\u4e3b\u52a8\u7ba1\u7406\uff0c\u8fd9\u4e9b\u7ba1\u7406\u652f\u4ed8\u9ad8\u989d\u5766\u7387\u80a1\u606f\uff0c\u5e76\u4e14\u4e0d\u4f1a\u56e0\u5927\u89c4\u6a21\u4ea4\u6613\u6d41\u5931\u800c\u589e\u52a0\u5de8\u989d\u7a0e\u5355 .<\/p>\n

\u79ef\u6781\u7684\u7ba1\u7406\u8005\u53ef\u4ee5\u4e3a\u5c0f\u516c\u53f8\u548c\u79bb\u5cb8\u516c\u53f8\u589e\u52a0\u4ef7\u503c<\/h2>\n

\u867d\u7136 LICs \u662f ASX 200 \u7684\u79ef\u6781\u66ff\u4ee3\u54c1\u7684\u4e00\u79cd\u53ef\u80fd\u6027\uff0c\u4f46\u6211\u8ba4\u4e3a\u79ef\u6781\u7684\u7ecf\u7406\u4eba\u53ef\u4ee5\u771f\u6b63\u8d5a\u53d6\u8d39\u7528\u7684\u53e6\u5916\u4e24\u4e2a\u673a\u4f1a\u662f\u5206\u6790\u8f83\u5c0f\u7684\u516c\u53f8\u548c\u6295\u8d44\u79bb\u5cb8\u5e02\u573a\u3002<\/p>\n

\u6709\u8da3\u7684\u662f\uff0c\u4f5c\u4e3a ASX \u7684\u5de8\u578b\u88ab\u52a8\u57fa\u91d1\u4e4b\u4e00\uff0cVanguard Australian Shares (ASX: VAS) \u6700\u8fd1\u7684\u8868\u73b0\u4f18\u4e8e ASX 200\uff0c\u539f\u56e0\u5f88\u6709\u8da3\u3002<\/p>\n

\u867d\u7136\u5b83\u4ecd\u7136\u662f\u4e00\u53ea\u88ab\u52a8\u57fa\u91d1\uff0c\u4f46\u5b83\u6295\u8d44\u4e8e ASX \u7684\u524d 300 \u5bb6\u516c\u53f8\uff0c\u800c\u90a3\u4e9b\u989d\u5916\u7684 100 \u5bb6\u8f83\u5c0f\u7684\u516c\u53f8\u5e2e\u52a9\u5b83\u589e\u52a0\u4e86\u4e00\u70b9\u989d\u5916\u56de\u62a5\u5e76\u8dd1\u8d62\u4e86\u6307\u6570\u3002<\/p>\n

\u8fd9\u663e\u793a\u4e86\u5c0f\u516c\u53f8\u7684\u6f5c\u529b\uff0c\u5b83\u4eec\u901a\u5e38\u53ef\u4ee5\u589e\u957f\u5f97\u66f4\u5feb\uff0c\u8868\u73b0\u4f18\u4e8e\u5927\u516c\u53f8\uff0c\u5373\u4f7f\u5b83\u4eec\u66f4\u6709\u53ef\u80fd\u51fa\u73b0\u8d44\u91d1\u4e0d\u8db3\u548c\u5012\u95ed\u7684\u60c5\u51b5\u3002<\/p>\n

\u6211\u8ba4\u4e3a\u8fd9\u5c31\u662f\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u771f\u6b63\u8d5a\u53d6\u8d39\u7528\u7684\u5730\u65b9\uff0c\u4ed6\u4eec\u53ef\u4ee5\u4ed4\u7ec6\u7814\u7a76\u6210\u5343\u4e0a\u4e07\u5bb6\u5c0f\u516c\u53f8\uff08\u5305\u62ec\u4e0a\u5e02\u516c\u53f8\u548c\u975e\u4e0a\u5e02\u516c\u53f8\uff09\u7684\u8d22\u52a1\u62a5\u544a\uff0c\u5e76\u53ec\u96c6\u4e00\u4e9b\u6f5c\u5728\u7684\u589e\u957f\u5de8\u661f\uff0c\u8fd9\u4e9b\u516c\u53f8\u53ef\u4ee5\u771f\u6b63\u8ba9\u4e1a\u7ee9\u5927\u653e\u5f02\u5f69\u3002<\/p>\n

\u540c\u6837\uff0c\u867d\u7136\u4f7f\u7528\u6210\u672c\u975e\u5e38\u4f4e\u7684 ETF \u6765\u8986\u76d6\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u7b49\u4e3b\u8981\u6d77\u5916\u6307\u6570\u4e5f\u662f\u4e00\u79cd\u8c28\u614e\u7684\u505a\u6cd5\uff0c\u4f46\u4f7f\u7528\u4e00\u4e9b\u6709\u524d\u9014\u7684\u4f4e\u6210\u672c\u4e3b\u52a8\u57fa\u91d1\u7ecf\u7406\u4f5c\u4e3a\u56fd\u9645\u536b\u661f\u57fa\u91d1\u4e5f\u662f\u4e00\u4e2a\u597d\u4e3b\u610f\uff0c\u5e0c\u671b\u80fd\u589e\u52a0 \u4e00\u4e9b\u989d\u5916\u7684\u56de\u62a5\u3002<\/p>\n

\u4e3b\u52a8\u578b\u57fa\u91d1\u53ef\u4ee5\u80dc\u8fc7\u201c\u611a\u8822\u201d\u7684 ETF<\/h2>\n

\u5728\u53e6\u4e00\u4e2a\u9886\u57df\uff0c\u6211\u8ba4\u4e3a\u4e3b\u52a8\u7ba1\u7406\u4eba\u53ef\u4ee5\u589e\u52a0\u5f88\u591a\u4ef7\u503c\uff0c\u4f46\u8981\u505a\u5230\u8fd9\u4e00\u70b9\uff0c\u4ed6\u4eec\u5c06\u9700\u8981\u627e\u5230\u4e00\u79cd\u53ef\u4ee5\u6536\u53d6\u8f83\u4f4e\u8d39\u7528\u7684\u6a21\u5f0f\u3002<\/p>\n

ETF \u662f\u201c\u611a\u8822\u201d\u7684\u57fa\u91d1\uff0c\u56e0\u4e3a\u5b83\u4eec\u53ea\u662f\u6839\u636e\u80a1\u7968\u5e02\u573a\u8861\u91cf\u7684\u516c\u53f8\u89c4\u6a21\u6765\u9009\u62e9\u4e70\u5356\u54ea\u4e9b\u80a1\u7968\u3002<\/p>\n

\u5b83\u4eec\u5b9e\u9645\u4e0a\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u53d7\u5230\u79ef\u6781\u7ba1\u7406\uff0c\u56e0\u4e3a\u4f8b\u5982\uff0c\u90a3\u4e9b\u8dcc\u51fa ASX 200 \u6307\u6570\u7684\u840e\u7f29\u516c\u53f8\u5728\u840e\u7f29\u65f6\u88ab\u79ef\u6781\u51fa\u552e\uff0c\u7136\u540e\u5728\u8dcc\u51fa\u8be5\u6307\u6570\u65f6\u88ab\u4e00\u8d77\u5904\u7f6e\u3002<\/p>\n

\u540c\u6837\uff0c\u968f\u7740 ETF \u7684\u89c4\u6a21\u6269\u5927\u3001\u590d\u5229\u6216\u91d1\u5b57\u5854\u5f0f\u56de\u62a5\uff0c\u65b0\u5174\u516c\u53f8\u9010\u6e10\u88ab\u6536\u8d2d\u3002<\/p>\n

\u66f4\u5927\u5e76\u4e0d\u603b\u662f\u66f4\u597d<\/h2>\n

\u8fd9\u65e2\u662f\u6307\u6570 ETF \u7684\u6700\u5927\u4f18\u52bf\uff0c\u4e5f\u662f\u5b83\u4eec\u6700\u5927\u7684\u5f31\u70b9\u2014\u2014\u5b83\u4eec\u975e\u5e38\u51c6\u786e\u5730\u62e5\u62b1\u6307\u6570\uff0c\u4f46\u5b83\u4eec\u9009\u62e9\u516c\u53f8\u7684\u552f\u4e00\u539f\u56e0\u662f\u4ee5\u5e02\u503c\u8861\u91cf\u7684\u89c4\u6a21\u3002<\/p>\n

\u6b63\u662f\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u79ef\u6781\u7684\u7ecf\u7406\u4eba\u5e94\u8be5\u80fd\u591f\u901a\u8fc7\u6df1\u5165\u7814\u7a76\u540e\u8d77\u4e4b\u79c0\u5e76\u8d85\u8f7d\u5176\u4e2d\u6700\u597d\u7684\u516c\u53f8\u4ee5\u53ca\u7c7b\u4f3c\u5730\u63d0\u524d\u5356\u51fa\u4e00\u4e9b\u4e0b\u8dcc\u516c\u53f8\u6765\u51fb\u8d25\u201c\u611a\u8822\u201d\u7684\u57fa\u91d1\u3002<\/p>\n

\u79ef\u6781\u7684\u7ecf\u7406\u4eba\u4e5f\u53ef\u4ee5\u81ea\u7531\u6301\u6709\u8f83\u5c11\u6570\u91cf\u7684\u516c\u53f8\uff0c\u5e0c\u671b\u907f\u514d\u4e00\u4e9b\u5931\u8d25\u5e76\u9009\u62e9\u4e00\u4e9b\u5177\u6709\u66f4\u5927\u589e\u957f\u6f5c\u529b\u7684\u516c\u53f8\u3002<\/p>\n

\u79ef\u6781\u7ba1\u7406\u7684\u57fa\u91d1\u76ee\u524d\u786e\u5b9e\u611f\u53d7\u5230\u4e86\u538b\u529b\uff0c\u4f46\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u8d44\u91d1\u6d41\u5165\u88ab\u52a8\u7b56\u7565\uff0c\u5176\u4e2d\u6700\u597d\u548c\u6700\u7075\u6d3b\u7684\u57fa\u91d1\u5e94\u8be5\u6709\u66f4\u5927\u7684\u673a\u4f1a\u8dd1\u8d62\u5927\u76d8\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u76ee\u524d\u5904\u5883\u8270\u96be\uff0c\u4f46\u6211\u4e2a\u4eba\u6b63\u5728\u52aa\u529b\u4e89\u53d6\u4ed6\u4eec\u4ee5\u66f4\u4f4e\u7684\u6210\u672c\u5377\u571f\u91cd\u6765\u3002 \u5bf9\u4e8e\u4f7f\u7528\u6210\u672c\u6781\u4f4e\u7684\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1 (ETF) \u6765\u5b9e\u73b0\u5e7f\u6cdb\u591a\u5143\u5316\u7684\u88ab\u52a8\u6295\u8d44\u7684\u516c\u5f00\u62e5\u62a4\u8005\u6765\u8bf4\uff0c\u8fd9\u542c\u8d77\u6765\u53ef\u80fd\u5f88\u5947\u602a\u3002 \u6211\u786e\u5b9e\u8ba4\u4e3a\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u5f88\u96be\u5728\u6263\u9664\u8d39\u7528\u540e\u8dd1\u8d62\u8fd9\u4e9b\u6307\u6570 ETF\uff0c\u4f46\u8fd9\u7edd\u4e0d\u662f\u4e0d\u53ef\u80fd\u7684\u2014\u2014\u5c24\u5176\u662f\u5982\u679c\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u591f\u964d\u4f4e\u8d39\u7528\u7684\u8bdd\u3002 \u4f17\u6240\u5468\u77e5\uff0c\u4e00\u4e9b\u5927\u578b\u4e3b\u52a8\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u6700\u8fd1\u4e00\u76f4\u5728\u82e6\u82e6\u6323\u624e\uff0c\u5305\u62ec Perpetual (ASX: PPT)\u3001\u5176\u6536\u8d2d\u76ee\u6807 Pendal (ASX: PDL)\u3001AMP (ASX: AMP)\u3001Platinum Asset Management (ASX: PTM) )\u3001Magellan Financial Group (ASX: MFG) \u548c Janus Henderson (ASX: JHG) \u7b49\u7b49\u3002 \u5e74\u8f7b\u6295\u8d44\u8005\u62e5\u62b1 ETF \u80a1\u4ef7\u4e0b\u8dcc\u548c\u7ba1\u7406\u7684\u57fa\u91d1\u51cf\u5c11\u662f\u5ec9\u4ef7\u548c\u6709\u6548\u7684 ETF \u52a0\u901f\u53d1\u5c55\u7684\u53cd\u9762\uff0c\u8fd9\u4e9b ETF \u53d7\u5230\u4e86\u5c24\u5176\u662f\u5e74\u8f7b\u6295\u8d44\u8005\u7684\u6b22\u8fce\u3002 Morningstar \u7684\u6570\u636e\u6e05\u695a\u5730\u8bf4\u660e\u4e86\u8fd9\u4e00\u60c5\u51b5\uff0c\u81ea 2017 \u5e74\u521d\u4ee5\u6765\uff0c\u88ab\u52a8\u7ba1\u7406\u57fa\u91d1\u83b7\u5f97\u4e86 842 \u4ebf\u6fb3\u5143\u7684\u6b63\u8d44\u91d1\u51c0\u6d41\u5165\uff0c\u4e0e\u6b64\u540c\u65f6\uff0c\u4e3b\u52a8\u578b\u57fa\u91d1\u51fa\u73b0\u4e86 91 \u4ebf\u6fb3\u5143\u7684\u51c0\u6d41\u51fa\u3002 \u81ea\u88ab\u52a8\u57fa\u91d1\u5728\u6fb3\u5927\u5229\u4e9a\u53d1\u5c55\u521d\u671f\u4ee5\u6765\u7684 20 \u591a\u5e74\u91cc\uff0c\u4ed6\u4eec\u770b\u5230\u4e86 1220 \u4ebf\u6fb3\u5143\u7684\u6d41\u5165\uff0c\u800c\u4e3b\u52a8\u57fa\u91d1\u4ec5\u83b7\u5f97\u4e86 30 \u4ebf\u6fb3\u5143\u7684\u6d41\u5165\u3002 \u4e0d\u96be\u53d1\u73b0 ETF \u8d8a\u6765\u8d8a\u53d7\u6b22\u8fce\u7684\u539f\u56e0\u2014\u2014\u5b83\u4eec\u901a\u5e38\u6536\u53d6\u5927\u7ea6… Continue reading \u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":19035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"yoast_head":"\n\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f<\/title>\n<meta name=\"description\" content=\"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u76ee\u524d\u5904\u5883\u8270\u96be\uff0c\u4f46\u6211\u4e2a\u4eba\u6b63\u5728\u52aa\u529b\u4e89\u53d6\u4ed6\u4eec\u4ee5\u66f4\u4f4e\u7684\u6210\u672c\u5377\u571f\u91cd\u6765\u3002\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f\" \/>\n<meta property=\"og:description\" content=\"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u76ee\u524d\u5904\u5883\u8270\u96be\uff0c\u4f46\u6211\u4e2a\u4eba\u6b63\u5728\u52aa\u529b\u4e89\u53d6\u4ed6\u4eec\u4ee5\u66f4\u4f4e\u7684\u6210\u672c\u5377\u571f\u91cd\u6765\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/\" \/>\n<meta property=\"og:site_name\" content=\"smallcapsCN\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-05T22:27:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-29T17:56:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/smallcapscn.x5view.co\/wp-content\/uploads\/2023\/08\/Fund-managers-ASX-Australia-ETF-active-fees-LIC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"John Beveridge\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"John Beveridge\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/\",\"url\":\"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/\",\"name\":\"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f\",\"isPartOf\":{\"@id\":\"https:\/\/smallcapscn.x5view.co\/#website\"},\"datePublished\":\"2022-12-05T22:27:36+00:00\",\"dateModified\":\"2023-08-29T17:56:25+00:00\",\"author\":{\"@id\":\"https:\/\/smallcapscn.x5view.co\/#\/schema\/person\/1fd60f536fbbb45bb64755c73d6eba45\"},\"description\":\"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u76ee\u524d\u5904\u5883\u8270\u96be\uff0c\u4f46\u6211\u4e2a\u4eba\u6b63\u5728\u52aa\u529b\u4e89\u53d6\u4ed6\u4eec\u4ee5\u66f4\u4f4e\u7684\u6210\u672c\u5377\u571f\u91cd\u6765\u3002\",\"breadcrumb\":{\"@id\":\"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/smallcapscn.x5view.co\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/smallcapscn.x5view.co\/#website\",\"url\":\"https:\/\/smallcapscn.x5view.co\/\",\"name\":\"smallcapsCN\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/smallcapscn.x5view.co\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/smallcapscn.x5view.co\/#\/schema\/person\/1fd60f536fbbb45bb64755c73d6eba45\",\"name\":\"John Beveridge\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/smallcapscn.x5view.co\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0f40a3ea8b49fb32ce6fb883e2e14899?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0f40a3ea8b49fb32ce6fb883e2e14899?s=96&d=mm&r=g\",\"caption\":\"John Beveridge\"},\"description\":\"John is a highly experienced business journalist and formerly chief business writer for the Herald Sun. He has covered Federal politics in Canberra, was Los Angeles Bureau chief for News Limited and was also chief of staff for the Herald Sun. He has covered a wide range of small and large cap ASX stocks and has a special interest in mining, technology and biotech.\",\"url\":\"https:\/\/smallcapscn.x5view.co\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f","description":"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u76ee\u524d\u5904\u5883\u8270\u96be\uff0c\u4f46\u6211\u4e2a\u4eba\u6b63\u5728\u52aa\u529b\u4e89\u53d6\u4ed6\u4eec\u4ee5\u66f4\u4f4e\u7684\u6210\u672c\u5377\u571f\u91cd\u6765\u3002","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f","og_description":"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u76ee\u524d\u5904\u5883\u8270\u96be\uff0c\u4f46\u6211\u4e2a\u4eba\u6b63\u5728\u52aa\u529b\u4e89\u53d6\u4ed6\u4eec\u4ee5\u66f4\u4f4e\u7684\u6210\u672c\u5377\u571f\u91cd\u6765\u3002","og_url":"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/","og_site_name":"smallcapsCN","article_published_time":"2022-12-05T22:27:36+00:00","article_modified_time":"2023-08-29T17:56:25+00:00","og_image":[{"width":640,"height":400,"url":"https:\/\/smallcapscn.x5view.co\/wp-content\/uploads\/2023\/08\/Fund-managers-ASX-Australia-ETF-active-fees-LIC.jpg","type":"image\/jpeg"}],"author":"John Beveridge","twitter_card":"summary_large_image","twitter_misc":{"Written by":"John Beveridge"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/","url":"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/","name":"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f","isPartOf":{"@id":"https:\/\/smallcapscn.x5view.co\/#website"},"datePublished":"2022-12-05T22:27:36+00:00","dateModified":"2023-08-29T17:56:25+00:00","author":{"@id":"https:\/\/smallcapscn.x5view.co\/#\/schema\/person\/1fd60f536fbbb45bb64755c73d6eba45"},"description":"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u76ee\u524d\u5904\u5883\u8270\u96be\uff0c\u4f46\u6211\u4e2a\u4eba\u6b63\u5728\u52aa\u529b\u4e89\u53d6\u4ed6\u4eec\u4ee5\u66f4\u4f4e\u7684\u6210\u672c\u5377\u571f\u91cd\u6765\u3002","breadcrumb":{"@id":"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/smallcapscn.x5view.co\/can-active-fund-managers-stage-a-comeback\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/smallcapscn.x5view.co\/"},{"@type":"ListItem","position":2,"name":"\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u80fd\u5426\u4e1c\u5c71\u518d\u8d77\uff1f"}]},{"@type":"WebSite","@id":"https:\/\/smallcapscn.x5view.co\/#website","url":"https:\/\/smallcapscn.x5view.co\/","name":"smallcapsCN","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/smallcapscn.x5view.co\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/smallcapscn.x5view.co\/#\/schema\/person\/1fd60f536fbbb45bb64755c73d6eba45","name":"John Beveridge","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/smallcapscn.x5view.co\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0f40a3ea8b49fb32ce6fb883e2e14899?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0f40a3ea8b49fb32ce6fb883e2e14899?s=96&d=mm&r=g","caption":"John Beveridge"},"description":"John is a highly experienced business journalist and formerly chief business writer for the Herald Sun. He has covered Federal politics in Canberra, was Los Angeles Bureau chief for News Limited and was also chief of staff for the Herald Sun. He has covered a wide range of small and large cap ASX stocks and has a special interest in mining, technology and biotech.","url":"https:\/\/smallcapscn.x5view.co\/?author=2"}]}},"_links":{"self":[{"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=\/wp\/v2\/posts\/6174"}],"collection":[{"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6174"}],"version-history":[{"count":1,"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=\/wp\/v2\/posts\/6174\/revisions"}],"predecessor-version":[{"id":16053,"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=\/wp\/v2\/posts\/6174\/revisions\/16053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=\/wp\/v2\/media\/19035"}],"wp:attachment":[{"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallcapscn.x5view.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}