{"id":29701,"date":"2023-12-07T08:36:00","date_gmt":"2023-12-07T08:36:00","guid":{"rendered":"https:\/\/masterskills.org\/blog\/lop-tai-san-phu-sub-asset-class-la-gi-dac-diem-va-phan-loai.html"},"modified":"2023-12-23T06:10:12","modified_gmt":"2023-12-22T23:10:12","slug":"lop-tai-san-phu-sub-asset-class-la-gi-dac-diem-va-phan-loai","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/lop-tai-san-phu-sub-asset-class-la-gi-dac-diem-va-phan-loai.html","title":{"rendered":"L\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 (Sub-Asset Class) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m v\u00e0 ph\u00e2n lo\u1ea1i"},"content":{"rendered":"
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(\u1ea2nh minh h\u1ecda: Market Realist)<\/p>\n<\/figcaption><\/figure>\n

L\u1edbp t\u00e0i s\u1ea3n ph\u1ee5<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

L\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 <\/b>trong ti\u1ebfng Anh l\u00e0 Sub-Asset Class.<\/b><\/p>\n

L\u1edbp t\u00e0i s\u1ea3n ph\u1ee5<\/b> l\u00e0 ph\u1ea7n ph\u1ee5 m\u00e0 m\u1ed9t l\u1edbp t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c chia nh\u1ecf ra \u0111\u1ec3 nh\u1eadn d\u1ea1ng \u0111\u01b0\u1ee3c c\u00e1c chi ti\u1ebft t\u00e0i s\u1ea3n theo t\u1eebng l\u1edbp.<\/p>\n

C\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 \u0111\u01b0\u1ee3c nh\u00f3m theo c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m chung, v\u00e0 bao g\u1ed3m c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a l\u1edbp t\u00e0i s\u1ea3n r\u1ed9ng.<\/p>\n

C\u1ed5 phi\u1ebfu l\u00e0 m\u1ed9t l\u1edbp t\u00e0i s\u1ea3n v\u00e0 t\u00edn th\u00e1c \u0111\u1ea7u t\u01b0\u00a0(Investment trust) l\u00e0 m\u1ed9t v\u00ed d\u1ee5 v\u1ec1 l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5. T\u00edn th\u00e1c \u0111\u1ea7u t\u01b0 giao d\u1ecbch t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u1ed5 phi\u1ebfu, nh\u01b0ng c\u00f3 m\u1ed9t s\u1ed1 \u0111\u1eb7c \u0111i\u1ec3m kh\u00e1c.<\/p>\n

H\u00e0ng h\u00f3a l\u00e0 l\u1edbp t\u00e0i s\u1ea3n, trong \u0111\u00f3 kim lo\u1ea1i v\u00e0 h\u00e0ng h\u00f3a n\u00f4ng nghi\u1ec7p c\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 v\u1edbi nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m kh\u00e1c bi\u1ec7t nhau.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a L\u1edbp t\u00e0i s\u1ea3n ph\u1ee5<\/font><\/h3>\n

C\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5<\/b> c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t kh\u00eda c\u1ea1nh quan tr\u1ecdng cho \u0111\u1ea7u t\u01b0 theo phong c\u00e1ch v\u00e0 chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00ed \u0111\u1ea7u t\u01b0 theo ti\u00eau chu\u1ea9n, d\u1ef1a tr\u00ean s\u1ef1 \u0111a d\u1ea1ng h\u00f3a v\u00e0\u00a0l\u00ed thuy\u1ebft danh m\u1ee5c \u0111\u1ea7u t\u01b0 hi\u1ec7n \u0111\u1ea1i.<\/p>\n

\u0110a d\u1ea1ng h\u00f3a c\u00e1c l\u1edbp t\u00e0i s\u1ea3n trong m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 s\u1ebd c\u00e2n b\u1eb1ng \u0111\u01b0\u1ee3c r\u1ee7i ro v\u00e0 gi\u1ea3m s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a danh m\u1ee5c \u0111\u1ea7u t\u01b0 t\u1ed5ng th\u1ec3.<\/p>\n

C\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 gi\u00fap x\u00e1c \u0111\u1ecbnh th\u00eam c\u00e1c l\u0129nh v\u1ef1c m\u00e0 danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111a d\u1ea1ng h\u00f3a.<\/p>\n

Ch\u1eb3ng h\u1ea1n, mua m\u1ed9t nh\u00f3m c\u1ed5 phi\u1ebfu ng\u1eabu nhi\u00ean, s\u1ebd kh\u00f4ng \u0111\u1ed3ng ngh\u0129a l\u00e0 c\u00f3 \u0111\u01b0\u1ee3c m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng. Nh\u01b0ng mua c\u1ed5 phi\u1ebfu theo c\u00e1c l\u1edbp t\u00e0i s\u1ea3n kh\u00e1c nhau, theo c\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5, theo ng\u00e0nh v\u00e0 theo l\u0129nh v\u1ef1c s\u1ebd t\u1ea1o ra m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng h\u01a1n.<\/p>\n

L\u1edbp v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu<\/b><\/p>\n

C\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5<\/b>. V\u1ed1n h\u00f3a l\u00e0 \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ec3 ph\u00e2n chia l\u1edbp t\u00e0i s\u1ea3n, bao g\u1ed3m c\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 nh\u01b0 l\u1edbp v\u1ed1n h\u00f3a l\u1edbn, l\u1edbp v\u1ed1n h\u00f3a trung b\u00ecnh ho\u1eb7c l\u1edbp v\u1ed1n h\u00f3a nh\u1ecf.\u00a0<\/p>\n

V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c ph\u00e2n l\u1edbp r\u00f5 h\u01a1n b\u1edfi c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m nh\u01b0 d\u1ef1a v\u00e0o t\u0103ng tr\u01b0\u1edfng, gi\u00e1 tr\u1ecb ho\u1eb7c s\u1ef1 pha tr\u1ed9n.<\/p>\n

L\u1edbp thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh<\/b><\/p>\n

L\u1edbp thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh bao g\u1ed3m c\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 <\/b>nh\u01b0 ti\u1ec1n m\u1eb7t, c\u00e1c kho\u1ea3n vay v\u00e0 tr\u00e1i phi\u1ebfu,… M\u1ed7i l\u1edbp c\u00f3 c\u00e1c thu\u1ed9c t\u00ednh thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh v\u1edbi c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ea7u t\u01b0 ri\u00eang bi\u1ec7t.<\/p>\n

C\u00e1c l\u1edbp t\u00e0i s\u1ea3n thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c nh\u00f3m theo th\u1eddi h\u1ea1n v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng. Th\u1eddi h\u1ea1n c\u00f3 th\u1ec3 l\u00e0 ng\u1eafn h\u1ea1n, trung h\u1ea1n ho\u1eb7c d\u00e0i h\u1ea1n. C\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 \u0111\u01b0\u1ee3c nh\u00f3m theo ch\u1ea5t l\u01b0\u1ee3ng t\u00edn d\u1ee5ng c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh b\u1edfi x\u1ebfp h\u1ea1ng t\u00edn d\u1ee5ng, cung c\u1ea5p b\u1edfi m\u1ed9t c\u01a1 quan x\u1ebfp h\u1ea1ng t\u00edn d\u1ee5ng.<\/p>\n

L\u1edbp h\u00e0ng h\u00f3a<\/b><\/p>\n

H\u00e0ng h\u00f3a cung c\u1ea5p m\u1ed9t lo\u1ea1t c\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 <\/b>c\u00f3 th\u1ec3 bao g\u1ed3m kim lo\u1ea1i, d\u1ea7u kh\u00ed, c\u0169ng nh\u01b0 ng\u0169 c\u1ed1c v\u00e0 c\u00e1c lo\u1ea1i n\u00f4ng s\u1ea3n kh\u00e1c. Trong khi t\u1ea5t c\u1ea3 \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 h\u00e0ng h\u00f3a, c\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 n\u00e0y r\u1ea5t kh\u00e1c nhau. Kim lo\u1ea1i th\u00ec \u0111\u01b0\u1ee3c khai th\u00e1c, trong khi \u0111\u00f3 h\u00e0ng h\u00f3a n\u00f4ng nghi\u1ec7p l\u1ea1i \u0111\u01b0\u1ee3c tr\u1ed3ng tr\u1ecdt.<\/p>\n

V\u00ed d\u1ee5 s\u1eed d\u1ee5ng c\u00e1c L\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 trong \u0111\u1ea7u t\u01b0<\/font><\/h3>\n

C\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5<\/b> c\u00f3 th\u1ec3 quan tr\u1ecdng \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 m\u1ee5c ti\u00eau ho\u1eb7c khi h\u1ecd \u0111ang t\u00ecm c\u00e1ch x\u00e2y d\u1ef1ng danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng. B\u1eb1ng c\u00e1ch x\u00e1c \u0111\u1ecbnh c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ee5 th\u1ec3 c\u1ee7a c\u00e1c l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o c\u00e1c m\u1ee9c r\u1ee7i ro.<\/p>\n

V\u00ed d\u1ee5, qu\u0129 ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n 60\/40 c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a m\u00ecnh l\u00e0 \u0111\u1ea7u t\u01b0 60% t\u00e0i s\u1ea3n v\u00e0o v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu v\u00e0 40% n\u1ee3. M\u1eb7c d\u00f9 \u0111\u00e2y l\u00e0 m\u1ed9t danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u00e2n b\u1eb1ng, c\u00e1c nh\u00e0 qu\u1ea3n l\u00ed \u0111\u1ea7u t\u01b0 v\u1eabn c\u00f3 m\u1ed9t lo\u1ea1t c\u00e1c t\u00f9y ch\u1ecdn v\u00e0o l\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 trong m\u1ed7i l\u1edbp t\u00e0i s\u1ea3n.<\/p>\n

H\u1ecd c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c quy\u1ebft \u0111\u1ecbnh \u0111\u01b0a 50% s\u1ed1 l\u01b0\u1ee3ng mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u00ecnh v\u00e0o \u0111\u1ea7u t\u01b0 t\u0103ng tr\u01b0\u1edfng v\u00e0 50% c\u00f2n l\u1ea1i v\u00e0o \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb.<\/p>\n

\u0110\u1ed1i v\u1edbi tr\u00e1i phi\u1ebfu, h\u1ecd c\u00f3 th\u1ec3 quy\u1ebft \u0111\u1ecbnh \u0111\u1eb7t 20% s\u1ed1 l\u01b0\u1ee3ng v\u00e0o ti\u1ec1n ho\u1eb7c c\u00e1c kho\u1ea3n t\u01b0\u01a1ng \u0111\u01b0\u01a1ng ti\u1ec1n nh\u01b0\u00a0ch\u1ee9ng ch\u1ec9 ti\u1ec1n g\u1eedi\u00a0(CD). H\u1ecd c\u00f3 th\u1ec3 \u0111\u1eb7t 35% v\u00e0o th\u01b0\u01a1ng phi\u1ebfu ng\u1eafn h\u1ea1n, 25% v\u00e0o tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 v\u00e0 10% c\u00f2n l\u1ea1i cho tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p l\u1edbn.<\/p>\n

Nh\u1eefng t\u1ec9 l\u1ec7 n\u00e0y c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c chia nh\u1ecf h\u01a1n n\u1eefa. V\u00ed d\u1ee5, 25% (trong s\u1ed1 40% danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c ph\u00e2n b\u1ed5 cho tr\u00e1i phi\u1ebfu c\u1ee7a ch\u00ednh ph\u1ee7) l\u00e0 10% tr\u00e1i phi\u1ebfu kho b\u1ea1c d\u00e0i h\u1ea1n, 10% tr\u00e1i phi\u1ebfu kho b\u1ea1c ng\u1eafn h\u1ea1n v\u00e0 2,5% tr\u00e1i phi\u1ebfu ng\u1eafn h\u1ea1n v\u00e0 d\u00e0i h\u1ea1n.<\/p>\n

(Theo Investopedia)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n L\u1edbp t\u00e0i s\u1ea3n ph\u1ee5 (ti\u1ebfng Anh: Sub-Asset Class) l\u00e0 ph\u1ea7n ph\u1ee5 m\u00e0 m\u1ed9t l\u1edbp t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c chia nh\u1ecf ra \u0111\u1ec3 nh\u1eadn d\u1ea1ng \u0111\u01b0\u1ee3c c\u00e1c chi ti\u1ebft t\u00e0i s\u1ea3n theo t\u1eebng l\u1edbp.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29701"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=29701"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29701\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=29701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=29701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=29701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}