锟斤拷锟斤拷 锟斤拷锟斤拷
锟斤拷锟窖ｏ拷锟借蹈锟斤拷锟斤拷瘫锟斤拷锟斤拷岜ｏ拷峡锟�肖锟斤拷锟斤拷锟叫讹拷锟斤拷锟绞诧拷

锟杰杆伙拷锟斤拷姆锟斤拷锟斤拷锟斤拷锟叫� 投锟斤拷锟斤拷锟斤拷伟锟斤拷崭芨嘶锟斤拷锟�

锟斤拷锟斤拷锟斤拷锟斤拷锟揭诧拷歉锟绞斤拷锟斤拷锟斤拷模锟酵讹拷锟斤拷锟揭诧拷锟斤拷锟饺拷锟斤拷锟斤拷私猓拷锟斤拷芨嘶锟斤拷锟斤拷潜冉锟斤拷芑锟接拷锟揭伙拷锟斤拷锟斤拷锟斤拷锟斤拷一锟斤拷锟斤拷锟斤拷锟斤拷锟酵的对筹拷锟斤拷锟斤拷锟揭拷锟斤拷旨锟斤拷锟斤拷锟侥杠杆份额（锟斤拷取锟捷额）锟斤拷实锟街ｏ拷锟斤拷么锟杰杆伙拷锟斤拷姆锟斤拷锟斤拷锟斤拷锟叫╋拷兀锟斤拷锟斤拷婵达拷锟斤拷锟斤拷锟�

杠杆基金
锟杰杆伙拷锟斤拷

1锟斤拷锟斤拷刍毓锟侥凤拷锟秸★拷

锟杰杆伙拷锟金即分硷拷锟斤拷锟斤拷b锟捷额，锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫的杠杆憋拷锟斤拷锟斤拷锟斤拷取锟斤拷锟斤拷锟斤拷母锟斤拷锟斤拷牡锟皆わ拷锟斤拷昊わ拷锟斤拷锟斤拷妗ｏ拷锟剿碉拷锟叫筹拷锟斤拷锟斤拷锟节匡拷锟斤拷锟斤拷锟斤拷时锟斤拷锟戒净值也锟斤拷锟斤拷锟斤拷锟斤拷恰锟斤拷艿锟斤拷谐锟斤拷锟斤拷锟斤拷母锟饺撅拷锟斤拷旨锟斤拷锟斤拷锟絙锟捷讹拷锟斤拷锟斤拷锟斤拷投锟斤拷锟斤拷追锟斤拷锟斤拷锟斤拷使锟斤拷鄹锟斤拷锟斤拷歉锟斤拷啵拷锟斤拷锟绞达拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭伙拷锟斤拷锟斤拷指锟斤拷停锟酵★拷锟铰碉拷锟斤拷锟街伙拷锟斤拷锟斤拷预锟节硷拷锟斤拷锟斤拷锟斤拷锟剿斤拷锟斤拷锟斤拷锟窖革拷倩氐锟斤拷锟�

2锟斤拷锟斤拷锟斤拷锟绞斤拷压锟斤拷锟斤拷

锟街硷拷锟斤拷锟斤拷锟斤拷卸锟斤拷氐锟斤拷锟斤拷转锟斤拷锟斤拷锟狡ｏ拷锟斤拷锟街硷拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷水平锟较革拷时锟斤拷投锟斤拷锟竭硷拷锟斤拷锟疥购母锟斤拷锟金，斤拷母锟斤拷锟斤拷锟街筹拷a锟斤拷b锟接伙拷锟斤拷荻睿拷锟斤拷锟斤拷诙锟斤拷锟斤拷谐锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷一锟斤拷锟斤拷一锟斤拷锟斤拷要锟斤拷锟斤拷锟斤拷锟斤拷锟秸ｏ拷时锟酵的达拷锟节伙拷使锟矫猴拷锟斤拷锟斤拷投锟斤拷锟斤拷锟斤拷锟斤拷指锟斤拷锟斤拷未锟铰碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫的杠杆伙拷锟斤拷锟斤拷锟斤拷锟窖癸拷锟阶达拷锟斤拷锟�

3锟斤拷锟斤拷锟斤拷锟皆凤拷锟秸★拷

锟街硷拷锟斤拷锟斤拷慕锟斤拷锟揭伙拷愣际拷锟斤拷宓拷锟斤拷谐锟斤拷芯锟斤拷蟛糠纸锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷业锟斤拷b锟饺硷拷锟斤拷品锟斤拷锟较★拷锟斤拷使锟斤拷追锟斤拷锟斤拷锟斤拷旨锟斤拷锟斤拷锟絙锟捷讹拷锟酵讹拷锟斤拷呖锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟皆拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷失锟斤拷

业锟斤拷也锟斤拷锟斤拷说锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞斤拷锟斤拷鸩降锟轿伙拷锟斤拷锟斤拷郏锟斤拷锟斤拷锟斤拷锟桔癸拷锟竭的杠杆伙拷锟斤拷锟斤拷锟劫回碉拷压锟斤拷锟斤拷投锟斤拷锟斤拷锟斤拷要锟截避革拷锟斤拷鄹芨嘶锟斤拷锟侥碉拷锟斤拷锟斤拷锟秸★拷锟斤拷锟斤拷锟酵ㄍ讹拷锟斤拷锟揭拷锟斤拷锟斤拷锟揭诧拷锟斤拷锟酵拷锟斤拷旯耗革拷锟斤拷锟斤拷锟斤拷锟斤拷校锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷时锟斤拷锟斤拷要4锟届，一锟斤拷锟斤拷4锟斤拷锟斤拷芨嘶锟斤拷锟斤拷锟斤拷氐锟斤拷锟酵讹拷锟斤拷锟揭诧拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷煞锟斤拷锟斤拷祝锟斤拷锟剿斤拷锟斤拷锟揭斤拷锟斤拷锟斤拷锟诫。

锟斤拷伟锟斤拷崭芨嘶锟斤拷锟斤拷锟斤拷锟斤拷锟揭拷锟斤拷蘸锟斤拷母锟揭拷兀锟�

1锟斤拷锟斤拷锟斤拷投锟斤拷锟斤拷锟斤拷锟斤拷锟杰革拷债锟斤拷锟斤拷锟叫诧拷锟斤拷锟斤拷锟酵讹拷实锟狡拷筒锟狡凤拷氪空拷筒锟狡凤拷锟狡拷筒锟狡凤拷芄锟斤拷锟接帮拷锟较大，诧拷锟斤拷锟斤拷也锟较大，达拷债锟酵诧拷品只锟斤拷债锟斤拷影锟届。

2锟斤拷锟斤拷锟秸杠杆达拷小锟斤拷锟斤拷锟节分硷拷债锟斤拷锟侥撅拷值锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷芨锟秸拷锟斤拷母芨吮锟斤拷锟斤拷锟斤拷始锟杰杆憋拷锟斤拷锟斤拷锟斤拷越细摺锟斤拷芨锟秸拷锟斤拷某锟绞硷拷芨吮锟斤拷锟斤拷锟斤拷锟�3锟斤拷锟斤拷5锟斤拷之锟戒，锟斤拷锟斤拷锟斤拷取锟斤拷裕锟斤拷B锟斤拷锟斤拷锟斤拷B锟侥筹拷始锟杰杆憋拷锟斤拷为5锟斤拷锟斤拷锟斤拷要注锟斤拷锟斤拷牵锟斤拷锟斤拷诎肟拷锟绞斤拷旨锟秸拷锟斤拷锟紸锟斤拷荻疃拷诳锟斤拷锟斤拷锟斤拷辏珹锟斤拷荻锟斤拷锟杰凤拷锟斤拷锟戒化锟斤拷锟斤拷锟斤拷锟斤拷影锟斤拷芨锟秸拷锟斤拷母芨恕锟�

3锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟剿�锟斤拷锟桔硷拷锟绞高碉拷时锟斤拷为投锟斤拷锟斤拷锟结供锟剿较高的帮拷全锟芥。锟斤拷之锟斤拷锟斤拷锟斤拷式细叩锟绞憋拷颍锟斤拷锟斤拷锟皆较高★拷锟斤拷锟斤拷锟斤拷撇锟酵拷锟酵讹拷锟斤拷呖锟斤拷锟斤拷锟斤拷锟绞碉拷时锟津，伙拷要锟斤拷锟斤拷锟斤拷锟睫碉拷锟斤拷锟秸★拷锟斤拷锟斤拷锟斤拷锟剿斤拷锟斤拷锟斤拷锟斤拷缘锟斤拷锟斤拷亍锟�

4锟斤拷锟斤拷锟斤拷锟斤拷锟绞成憋拷锟斤拷锟斤拷谓锟斤拷锟绞成憋拷锟斤拷锟斤拷指锟杰革拷债锟斤拷每锟斤拷约锟斤拷支锟斤拷A锟斤拷荻锟斤拷约锟斤拷预锟斤拷锟疥化预锟斤拷锟斤拷锟芥。锟斤拷锟节讹拷锟节斤拷锟叫诧拷锟轿诧拷锟斤拷锟斤拷投锟斤拷锟竭ｏ拷锟斤拷锟斤拷锟斤拷乜锟斤拷懿锟教拷锟揭拷锟斤拷锟轿拷芨锟秸拷锟斤拷锟斤拷锟斤拷食杀锟斤拷锟斤拷锟斤拷逊锟接筹拷诙锟斤拷锟斤拷谐锟斤拷鄹锟斤拷校锟斤拷锟斤拷锟斤拷诔锟斤拷锟酵讹拷锟斤拷呋锟斤拷欠锟斤拷锟斤拷锟斤拷瞎锟斤拷锟酵讹拷锟斤拷锟斤拷锟剿碉拷锟斤拷锟斤拷食杀锟斤拷锟斤拷锟斤拷氐憧硷拷恰锟�

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