{"id":30847,"date":"2023-12-07T09:57:21","date_gmt":"2023-12-07T09:57:21","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chien-luoc-trung-lap-thi-truong-market-neutral-la-gi-nhung-dac-diem-can-luu-y.html"},"modified":"2023-12-23T07:23:25","modified_gmt":"2023-12-23T00:23:25","slug":"chien-luoc-trung-lap-thi-truong-market-neutral-la-gi-nhung-dac-diem-can-luu-y","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chien-luoc-trung-lap-thi-truong-market-neutral-la-gi-nhung-dac-diem-can-luu-y.html","title":{"rendered":"Chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng (Market Neutral) l\u00e0 g\u00ec? Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd"},"content":{"rendered":"<div class=\"vnbcbc-body vceditor-content wi-active\" data-role=\"content\">\n<figure class=\"VCSortableInPreviewMode\" type=\"Photo\" style=\"\">\n<div><\/div><figcaption class=\"PhotoCMS_Caption\">\n<p data-placeholder=\"[Nh\u1eadp ch\u00fa th\u00edch \u1ea3nh]\" class=\"\">H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Youtube<\/p>\n<\/figcaption><\/figure>\n<h2><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\"><span>Chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/span><\/font><\/h2>\n<p><b>Kh\u00e1i ni\u1ec7m<\/b><\/p>\n<p><b><span>Chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/span><\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 <b>market neutral<\/b>.<\/p>\n<p><b><span>Chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/span><\/b> l\u00e0 d\u1ea1ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c nh\u00e0 \u0111\u1ea7u t\u01b0 ho\u1eb7c ng\u01b0\u1eddi qu\u1ea3n l\u00ed qu\u0129 l\u1ef1a ch\u1ecdn \u0111\u1ec3 t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn c\u1ea3 khi gi\u00e1 c\u1ea3 tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111ang t\u0103ng hay gi\u1ea3m, v\u00e0 \u0111\u1ed3ng th\u1eddi c\u0169ng tr\u00e1nh n\u00e9 ho\u00e0n to\u00e0n nh\u1eefng d\u1ea1ng r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng nh\u1ea5t \u0111\u1ecbnh.<\/p>\n<p><b>Chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/b>\u00a0th\u01b0\u1eddng \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n b\u1eb1ng c\u00e1ch k\u1ebft h\u1ee3p n\u1eafm gi\u1eef <i>v\u1ecb th\u1ebf mua <\/i>v\u00e0 <i>v\u1ecb th\u1ebf b\u00e1n<\/i> tr\u00ean nh\u1eefng lo\u1ea1i ch\u1ee9ng kho\u00e1n kh\u00e1c nhau, nh\u1eb1m m\u1ee5c \u0111\u00edch t\u0103ng l\u1ee3i nhu\u1eadn \u0111\u1ea1t \u0111\u01b0\u1ee3c t\u1eeb vi\u1ec7c ch\u1ecdn \u0111\u00fang c\u1ed5 phi\u1ebfu v\u00e0 gi\u1ea3m r\u1ee7i ro \u0111\u1ebfn t\u1eeb bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n<h3><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 <span>chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/span>\u00a0<\/font><\/h3>\n<p>Kh\u00f4ng c\u00f3 m\u1ed9t ph\u01b0\u01a1ng ph\u00e1p chung duy nh\u1ea5t n\u00e0o \u0111\u01b0\u1ee3c th\u1eeba nh\u1eadn cho vi\u1ec7c th\u1ef1c hi\u1ec7n<b> <span>chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/span><\/b>. Ngo\u00e0i nh\u1eefng ph\u01b0\u01a1ng ph\u00e1p \u0111\u00e3 k\u1ec3 \u1edf tr\u00ean, nh\u1eefng nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng c\u00f2n s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 kh\u00e1c nh\u01b0 <i>chi\u1ebfn l\u01b0\u1ee3c kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1 h\u1ee3p nh\u1ea5t<\/i>, v\u1ecb th\u1ebf b\u00e1n tr\u00ean ng\u00e0nh,&#8230;<\/p>\n<p>Nh\u1eefng nh\u00e0 qu\u1ea3n l\u00ed n\u1eafm gi\u1eef v\u1ecb th\u1ebf th\u1ecb tr\u01b0\u1eddng trung l\u1eadp c\u00f3 th\u1ec3 ki\u1ebfm l\u1eddi t\u1eeb b\u1ea5t k\u00ec \u0111\u1ed9ng l\u1ef1c n\u00e0o tr\u00ean th\u1ecb tr\u01b0\u1eddng.\u00a0<\/p>\n<p>Nh\u1eefng<i> qu\u0129 ph\u00f2ng v\u1ec7<\/i> th\u01b0\u1eddng xuy\u00ean n\u1eafm gi\u1eef v\u1ecb th\u1ebf trung l\u1eadp th\u1ecb tr\u01b0\u1eddng v\u00ec h\u1ecd t\u1eadp trung v\u00e0o l\u1ee3i nhu\u1eadn tuy\u1ec7t \u0111\u1ed1i h\u01a1n l\u00e0 l\u1ee3i nhu\u1eadn t\u01b0\u01a1ng \u0111\u1ed1i tr\u00ean m\u1ed9t ch\u1ec9 s\u1ed1 chu\u1ea9n n\u00e0o \u0111\u00f3.<\/p>\n<p>V\u1ecb th\u1ebf th\u1ecb tr\u01b0\u1eddng trung l\u1eadp c\u00f3 th\u1ec3 bao g\u1ed3m 50% v\u1ecb th\u1ebf mua v\u00e0 50% v\u1ecb th\u1ebf b\u00e1n tr\u00ean m\u1ed9t ng\u00e0nh nh\u1ea5t \u0111\u1ecbnh, ho\u1eb7c l\u00e0 tr\u00ean c\u1ea3 th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n<p>C\u00e1c <span>chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/span> th\u01b0\u1eddng \u0111\u01b0\u1ee3c coi l\u00e0 t\u01b0\u01a1ng t\u1ef1 nh\u01b0 qu\u0129 mua\/b\u00e1n c\u1ed5 phi\u1ebfu, nh\u01b0ng b\u1ea3n ch\u1ea5t c\u1ee7a ch\u00fang l\u00e0 r\u1ea5t kh\u00e1c nhau.<\/p>\n<p>Qu\u0129 mua\/b\u00e1n c\u1ed5 phi\u1ebfu c\u00f3 m\u1ee5c ti\u00eau l\u00e0 ph\u00e2n b\u1ed5 r\u1ee7i ro tr\u1ef1c ti\u1ebfp c\u1ee7a c\u00e1c v\u1ecb th\u1ebf tr\u00ean nhi\u1ec1u ng\u00e0nh kh\u00e1c nhau v\u00e0 t\u1eadn d\u1ee5ng c\u00e1c c\u01a1 h\u1ed9i \u0111\u1ebfn t\u1eeb nh\u1eefng c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u00e1nh gi\u00e1 cao h\u01a1n ho\u1eb7c th\u1ea5p h\u01a1n gi\u00e1 tr\u1ecb th\u1ef1c.<\/p>\n<p>Ng\u01b0\u1ee3c l\u1ea1i, <span>chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/span> t\u1eadp trung to\u00e0n b\u1ed9 v\u00e0o ph\u1ea7n sai bi\u1ec7t gi\u00e1 v\u1edbi m\u1ee5c \u0111\u00edch ch\u00ednh l\u00e0 \u0111\u1ea1t \u0111\u01b0\u1ee3c\u00a0h\u1ec7 s\u1ed1 beta\u00a0tr\u00ean ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng b\u1eb1ng kh\u00f4ng \u0111\u1ec3 ph\u00f2ng v\u1ec7 r\u1ee7i ro h\u1ec7 th\u1ed1ng.<\/p>\n<p>D\u00f9 c\u00e1c qu\u0129 th\u1ecb tr\u01b0\u1eddng trung l\u1eadp c\u0169ng s\u1eed d\u1ee5ng v\u1ecb th\u1ebf mua v\u00e0 v\u1ecb th\u1ebf b\u00e1n, nh\u01b0ng m\u1ee5c \u0111\u00edch c\u1ee7a nh\u1eefng qu\u0129 n\u00e0y ho\u00e0n to\u00e0n kh\u00e1c v\u1edbi nh\u1eefng qu\u0129 mua\/b\u00e1n th\u00f4ng th\u01b0\u1eddng.<\/p>\n<p>(Theo <i>Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"vnbcbc-sapo\" data-role=\"sapo\">\n                            Chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng (ti\u1ebfng Anh: Market neutral) l\u00e0 d\u1ea1ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c nh\u00e0 \u0111\u1ea7u t\u01b0 ho\u1eb7c ng\u01b0\u1eddi qu\u1ea3n l\u00ed qu\u0129 l\u1ef1a ch\u1ecdn \u0111\u1ec3 t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn c\u1ea3 khi gi\u00e1 c\u1ea3 tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111ang t\u0103ng hay gi\u1ea3m, v\u00e0 \u0111\u1ed3ng th\u1eddi c\u0169ng tr\u00e1nh n\u00e9 ho\u00e0n to\u00e0n nh\u1eefng d\u1ea1ng r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng nh\u1ea5t \u0111\u1ecbnh.\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\/30847"}],"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=30847"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30847\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}