Ngozi uye Zvikomborero zveZvipfeko Bond Funds

Kwemakore, sarudzo yekutengesa pakushambadzirwa kwebhizimisi yezvisungo yaive inowanikwa kune zvikoro uye ivo vanogadzirisa zvikuru mari. Nhasi, kuputika kwezvinhu zvinotengesa-kutengeserana (ETPs) kunopa vanhu vane nzira huru-uye inokura-yenzira yekuratidza manzwiro akaipa pamusoro pezvisungo. Izvi zvinokwanisika kuburikidza nemari inoshandiswa-shandisitiri mari (ETFs) uye nheyo dzekutengesa-kutengeserana (ETNs) inotamira kune zvakasiyana nechekuchengeteka kwepasi.

Mune mamwe mazwi, kukosha kwechirongwa chechirongwa cheEtP chinokwira apo mushamba wehutano unowira, uye zvakasiyana. Semuenzaniso, kana iyo yemakore gumi nematanhatu yeUnited Treasury yawa 1% muzuva rakapiwa, inverse 10-year Treasury fund yaiwana 1%.

Mhando dzeInverse Bond Funds

Vashandi vanoitawo sarudzo yekuisa mari inowirirana-inverse uye kunyange katatu-inverse bond ye ETFs, iyo yakagadzirirwa kutamisa kaviri kana katatu kune zvakasiyana nedzimwe nhepfenyuro yavo, maererano, zuva rega rega. A -0.0% anofambira muhurukuro yaizoshandura mune pfuma inenge inokwana 2,0% yekodhi-inverse fund uye 3.0% yehutatu-inverse fund. Sezvo zvingatarisirwa, michina yakadaro inotakura njodzi yakakwirira uye yepamusoro yekudzoka yakakwana kunze kweiyo imwe nguva inopindirana.

Vashandi vanoita zvinopfuura kungoita kutengesa pamusika wezvisungo zvakakwana. Panzvimbo pezvo, pane zvakawanda zvakasarudzwa zvinoshandisa vanoita mari kuti vashandise pakuputsika kweMari yeUnited States yezvikwereti zvakasiyana-siyana pamwe nezvikamu zvakasiyana zvemusika (zvakadai sepamusoro- kutengesa zvisungo kana kushandiswa kwebato-bhizinesi dzezvisungo ).

Ngozi dzeInverse Bond Funds

Nzira dzeEPs dzakasiyana-siyana dzinopa vatengesi vane huwandu huzhinji hwezvingasarudzwa, asiwo huwandu huzhinji hwezvimwe ngozi. Kutanga, kutengesa kune imwe nzvimbo yemusika ndeye, kuburikidza nehupenyu hwavo, urongwa hwakaoma hungave hwakakosha kune varairi vese. Usati watenga chigadzirwa chakadaro-uye kunyanya chimwe chezvikwereti zvakasimudzirwa - iva nechokwadi chekuongorora kushivirira kwako kwengozi uye iva nechokwadi chokuti unonzwisisa kuti inverse dzeEFs dzakagadzirirwa kuva nguva dzenguva pfupi dzokutengesa motokari.

Uyewo, usakanganwa kuti kunyange zvazvo iri mari yezvisungo , mavhesi anoshandiswa zvakanyanyisa muzvisikwa. Semuenzaniso, munharaunda kubva munaJuly 25 kusvika paSeptember 22, 2011, chibereko pamakore gumi emakore Chivigiro cheNhepfenyuro chakawira kubva pa300 kusvika ku172% sezvo mutengo wayo wakasimuka. Munguva imwecheteyo, mutengo weZuva reNhaini 7-10 Wegore reMari yeHurumende yeAll 3x Shares (ticker: TYO), katatu-inonderera ETN, yakabva pa $ 38.23 kusvika $ 28.02 - kurasikirwa kwe 26.7%. Iva nechokwadi chokuti unogona kubvumira rudzi urwu rwekusava nehanya usati waita.

Ngozi dzeDhaviri uye Nhatu Dzakasiyana-siyana Bond Funds

Vashandi vanofanirwawo kunge vachiziva kuti mari mbiri uye katatu inopindira mari inopa chete zvinotarisirwa kushandiswa kwemazuva mashoma. Nokufamba kwenguva, zvinokonzera kugadzirisa zvinoreva kuti vashandi havazooni kushanda izvo zvakanyanyisa kana katatu zvakasiyana nezvirongwa. Ichokwadi, nguva yakareba nguva, hurukuro yakasiyana pakati padzo neidzo inotarisirwa.

Muenzaniso unokurumidza: mune rimwe zuva, inverse Treasury ETF inogona kurasikirwa ne2% kana misika inokwira 1%. Kwemwedzi, kudzoka kunogona kuva -6% (kwete -4%) pa 2% kurasikirwa kwemusika. Mune gore, muteresi anogona kuona -26% (kwete -20%) kurasikirwa pane 10% kuderera mumusika. Izvi zvinongova kungofungidzira, asi zvinoratidza kukanganisa kunogona kuitika munguva.

Ichi ndicho chikonzero chinonyanya kukosha nei mari inoshandiswa inoshandiswa mari inofanirwa kusatarisirwa kufungidzirwa kuti inotengeswa kwenguva refu .

Pasi pane urongwa hwezvitsva zvakasimbiswa mari inoshandiswa-kutengesa zvinhu. Iko kune zvimwe zvinobatana pano, sezvinenge pane dzimwe nguva makambani maviri akasiyana akapa zviyero zveEFF zvakafukidza chikamu chimwechete chemusika; Somuenzaniso, TBX neTYNS.

Rimwe-nguva (-100%) Inverse Treasury ETFs uye ETNs

Zviviri- uye zvitatu (-200% uye -300%) Inverse Treasury ETFs uye ETNs

Non-Treasury Short ETFs