Passively Managed Funds
Mari dzinotarisirwa zvishoma-inonziwo mari yekuenzanisira - inotora muhofisi yezvisungo yakagadzirirwa kufanana nekushanda kweimwe nhamba, yakadai seBarlaylay US Aggregate Bond Index. Indekisi yemari inongobata zvivimbiso zviri muhurukuro, kana, muzviitiko zvakawanda, muenzanisi wemuenzaniso weongororo holdings.
Apo kuumbwa kwe index kunoshanduka, ndizvo zvakaitawo mari yekuchengetedza. Muchiitiko ichi, vatungamiri vemari havasi kutsvaga kubhadhara kudzoka kwakakura kudarika chinomiririra - chinangwa chiri kungoenderana nekushanda kwayo.
Kunyatsochengetedza Mari
Mari dzakachengetedzwa zvakakwana ndeavo vane mameneja emapatotikiti avo vanoedza kusarudza zvikwangwani zvichange zvichinyanya kurongedza index pane nguva nekudzivisa avo vanoona sezviri nyore kuti vaite pasi. Nenzira yakawanda, chinangwa chavo ndechokuwana zvibvumirano zvisingatarisirwi kana kuti kuisa purojekti yekutarisira kuchinja kwezvibereko. Vashandi vanoita basa vanogona kugadzirisa mari yavo 'kuwedzera kwekukura, nguva , chiyero chechikwereti, kana kuisa pakati pezvikamu zvakasiyana zvemusika.
The Key Differences Between Two Management Styles
- Mitero : Sezvo mari yakachengetedzwa yakawanda inowedzera mari yekutengeserana uye inoda kupa zvikwereti zvakanyanya kutsvakurudza uye kugadziriswa kwemapurisa kudarika mari isina kuchengetedzwa, vanowanzobhadhara mari yepamusoro. Dzimwe nguva izvi zvakakosha, asi shoma shoma dzakachengetedzwa mari inogona kusimbisa zvakasununguka zvichienderana neyezvikamu pane imwe nguva yakareba. Nokufamba kwenguva, mari yepamusoro yevatariri vanoita basa vanowanzodya kudzoka - kunyanya mumamiriro ezvinhu iye zvino e-low-interest interest rate.
- Mitsara nemitero : Kubva mari yakachengetedzwa yakashandura zvishoma nezvishoma mafostio awo maererano nemamiriro ekutengeswa, vane ruzivo rwakawedzerwa kupfuura kunyora mari, iyo inongoshanduka apo iyo inoratidzira index inoshanduka. Izvi zvinogona kuguma kune imwe yepamusoro mushumo mushure megore, izvo zvinoderedza vatengesi 'mushure mekubhadhara mutero.
- Kuchinja kwehutano: Chimwe chezvikonzero zvinonyanya kukosha vatengesi vangasarudza mari yakachengetedzwa yakajeka ndeyekuti mari ichakwanisa kurova mushamba munguva. Izvozvo zvingangoitika, asi munzira, kunyange mari yakanakisisa inogona kuva nemakore. Kunyange zvazvo mari isina kuchengetedzwa yakawanda inokonzera kudzoka kunoenderana nemusika, kunyatsogadziriswa kunogona kuwana ruzivo rwegore negore rwakapoteredza rondedzero yokudzoka. Uye kana chikwereti chiri pasi pasi, vashandi vanowedzera njodzi yokuti vachave vakarurama mukusarudza kwavo kokutanga (somuenzaniso, kuisa mari yakawanda muzvikwereti ), asi havangagamuchiri zvakakwana zvechisarudzo chavo.
- Mitezo yehutano : Uyu ndiwo mutsauko wakakosha pakati pekushanda uye kusateerera. Kunyange apo pachava nehuwandu hwemari yakarongedzerwa yakawanda iyo inopararira mune chero ipi zvayo yakapiwa gore, pane nguva yekufungidzira mari inowanzobuda pamusoro. Chimwe chikonzero cheizvi ndiyo mari - mutsauko pakati pemhando mbiri dzemari yakakura zvakakwana kuti musiyano unobatanidza kwenguva. Uyezve, mumusika unobudirira zvikuru-kureva, kuongororwa nenhamba yakawanda yevatengesi - kuti zvakaoma kwazvo kuti mutungamiriri ape zvinhu zvisina kukwana munguva refu.
Nhamba idzi dzine izvi.
Mutungamiri wezvikwereti Robert W. Baird & Co. akabudisa pepanhau munaJune 2012 umo rakarongedza migumisiro yevatariri vanoita basa pamusoro pemakore 15 apfuura. 16% chete yemari yakawanda-yakabhadharwa yakasarudzwa pamusoro penguva yakazara, asi 18% ne37% yevateresi vanoita mabhizimisi-bhizinesi uye vateresi vasingabhadhara mutero vakarova mazita avo, maererano.
Muzviitiko zvose, vatengesi vaizove vari nani pane inoratidzira mari. Kusiyana, muongorori wekutsinhanisa mari DiMeo Schneider & Associates akacherechedza kuti pakupera kwegore ra2011, mutevedzeri wepakati-mukati- bhizimisi mari yehurumende yakanga yakanyatsopindira purogiramu yayo ne 0.3 peresenti yemapato, mari yepamusoro yezvibereko zvekubhadhara yakave yakazara nezvikamu 3.3 zvepakati uye nhepfenyuro yepasi rose mari inowanikwa ne 1.6 muzana.
Iko kunotora: munyaya, kushandiswa kwebasa kunofanira kuita kuti vatungamiri vawedzere kukosha kuburikidza nekusarudzwa kusachengetedzwa, kudzivisa kurasikirwa, kana kutarisira kwechirongwa kunoshandura kuzvisungo zvavanoshandisa muzvikwereti zvavo.
Muzvokwadi, zvisinei, nhamba idzi hadzisi kuratidza kuti ichokwadi.
The Bottom Line
Vamwe vanokwanisa kuchengetedza mari vane zvinetso zvavo, sezvinotsanangurwa muhurukuro yemari inowanikwa pamusoro apa, uye vamwe vatungamiri - vakadai sePIMCO's Bill Gross, Jeffrey Gundlach DoubleLine, naDhaniel Fuss kuLoomis Sayles, kutumidza vatatu - vakanyanyisa kuwedzera kukosha kwevatengi vavo . Zvisinei, kusarudza mutungamiri wei uyo achaparara mumakore mashanu kusvika kune gumi anotevera zvinonetsa zvikuru. Chengetedza izvi mupfungwa sezvaunosarudza mari yepodfolio yako.