{"id":31190,"date":"2023-12-07T10:24:59","date_gmt":"2023-12-07T10:24:59","guid":{"rendered":"https:\/\/masterskills.org\/blog\/qui-dieu-hoa-theo-thi-truong-market-neutral-funds-la-gi-dac-diem-cua-qui.html"},"modified":"2023-12-23T07:28:24","modified_gmt":"2023-12-23T00:28:24","slug":"qui-dieu-hoa-theo-thi-truong-market-neutral-funds-la-gi-dac-diem-cua-qui","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/qui-dieu-hoa-theo-thi-truong-market-neutral-funds-la-gi-dac-diem-cua-qui.html","title":{"rendered":"Qu\u0129 \u0111i\u1ec1u h\u00f2a theo th\u1ecb tr\u01b0\u1eddng (Market Neutral Funds) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a qu\u0129"},"content":{"rendered":"<div class=\"vnbcbc-body vceditor-content wi-active\" data-role=\"content\">\n<div type=\"Photo\" class=\"VCSortableInPreviewMode\" style=\"\">\n<div><\/div>\n<div class=\"PhotoCMS_Caption\">\n<p data-placeholder=\"[nh\u1eadp ch\u00fa th\u00edch]\">H\u00ecnh minh h\u1ecda (Ngu\u1ed3n: tinnhanhchungkhoan.vn)<\/p>\n<\/div>\n<\/div>\n<h2><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\"><span>Qu\u0129<\/span> \u0111i\u1ec1u h\u00f2a theo th\u1ecb tr\u01b0\u1eddng <\/font><\/h2>\n<p><b>Kh\u00e1i ni\u1ec7m<\/b><\/p>\n<p><b><span>Qu\u0129<\/span> \u0111i\u1ec1u h\u00f2a theo th\u1ecb tr\u01b0\u1eddng<\/b> trong ti\u1ebfng Anh g\u1ecdi l\u00e0 <b>Market Neutral Funds<\/b>.<\/p>\n<p><b><span>Qu\u0129<\/span> \u0111i\u1ec1u h\u00f2a theo th\u1ecb tr\u01b0\u1eddng <\/b>l\u00e0 m\u1ed9t lo\u1ea1i <span>qu\u0129<\/span> t\u01b0\u01a1ng h\u1ed7 nh\u1eb1m theo \u0111u\u1ed5i chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111i\u1ec1u h\u00f2a theo th\u1ecb tr\u01b0\u1eddng, c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 beta zero hay \u0111\u1ea7u t\u01b0 v\u1edbi long\/short portfolio (m\u1ed9t k\u0129 thu\u1eadt v\u1eadn h\u00e0nh <span>qu\u0129<\/span>).<\/p>\n<p>C\u00e1c <span>qu\u0129<\/span> n\u00e0y kh\u00f4ng nh\u1eb1m v\u00e0o doanh l\u1ee3i v\u01b0\u1ee3t qu\u00e1 xa m\u1ee9c trung b\u00ecnh th\u1ecb tr\u01b0\u1eddng m\u00e0 c\u1ed1 g\u1eafng duy tr\u00ec thu nh\u1eadp trung b\u00ecnh h\u00e0ng n\u0103m cao h\u01a1n m\u1ed9t v\u00e0i \u0111i\u1ec3m n\u00e0o \u0111\u00f3 so v\u1edbi tr\u00e1i phi\u1ebfu trung h\u1ea1n. Kho b\u1ea1c M\u1ef9 c\u00f3 th\u1eddi h\u1ea1n 3 th\u00e1ng, b\u1ea5t ch\u1ea5p th\u1ecb tr\u01b0\u1eddng t\u0103ng ho\u1eb7c gi\u1ea3m.\u00a0<\/p>\n<p>C\u00f3 ngh\u0129a l\u00e0 \u0111i\u1ec1u n\u00e0y s\u1ebd mang l\u1ea1i cho b\u1ea1n m\u1ed9t th\u01b0\u1edbc \u0111o s\u1ef1 \u1ed5n \u0111\u1ecbnh l\u1ee3i su\u1ea5t c\u1ee7a portfolio.<\/p>\n<p><b>Qu\u0129\u00a0t\u01b0\u01a1ng h\u1ed7<\/b> l\u00e0 nh\u1eefng\u00a0qu\u0129\u00a0\u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c h\u00ecnh th\u00e0nh t\u1eeb v\u1ed1n g\u00f3p c\u1ee7a r\u1ea5t nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 \u1ee7y th\u00e1c cho m\u1ed9t c\u00f4ng ty qu\u1ea3n\u00a0l\u00ed\u00a0qu\u0129\u00a0\u0111\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u t\u01b0 c\u1ee7a\u00a0qu\u0129. Thu\u1eadt ng\u1eef n\u00e0y \u0111\u01b0\u1ee3c d\u00f9ng r\u1ea5t nhi\u1ec1u \u1edf M\u1ef9, n\u01a1i c\u00f3 h\u1ec7 th\u1ed1ng c\u00e1c\u00a0qu\u0129\u00a0\u0111\u1ea7u t\u01b0 r\u1ea5t ph\u00e1t tri\u1ec3n.<\/p>\n<p>Vi\u1ec7c huy \u0111\u1ed9ng v\u1ed1n c\u1ee7a c\u00e1c\u00a0qu\u0129\u00a0n\u00e0y \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n th\u00f4ng qua nh\u1eefng \u0111\u1ee3t ph\u00e1t h\u00e0nh ch\u1ee9ng ch\u1ec9\u00a0qu\u0129\u00a0ra c\u00f4ng ch\u00fang.<\/p>\n<h3><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">\u0110\u1eb7c \u0111i\u1ec3m<\/font><\/h3>\n<p>C\u00e1c <span>qu\u0129<\/span> n\u00e0y s\u1eed d\u1ee5ng h\u1ec7 th\u1ed1ng m\u00e1y t\u00ednh \u0111\u1ec3 l\u01b0\u1ee3ng h\u00f3a c\u00e1c \u0111\u00e1nh gi\u00e1 v\u00e0 x\u1ebfp h\u1ea1ng c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u1ea3 thi, ph\u00e2n t\u00edch c\u00e1c y\u1ebfu t\u1ed1 nh\u01b0:\u00a0P\/E, l\u1ee3i su\u1ea5t, s\u1ef1 dao \u0111\u1ed9ng b\u1ea5t \u1ed5n \u0111\u1ecbnh v\u00e0 s\u1ef1 t\u0103ng tr\u01b0\u1edfng c\u1ee7a l\u1ee3i nhu\u1eadn. Sau \u0111\u00f3, nh\u1eefng <span>qu\u0129<\/span> n\u00e0y s\u1ebd mua c\u00e1c c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c x\u1ebfp h\u1ea1ng cao nh\u1ea5t v\u00e0 short selling c\u00e1c c\u1ed5 phi\u1ebfu b\u1ecb x\u1ebfp h\u1ea1ng th\u1ea5p nh\u1ea5t.<\/p>\n<p>M\u1ed9t s\u1ed1 <span>qu\u0129<\/span> \u0111i\u1ec1u h\u00f2a s\u1eed d\u1ee5ng nhi\u1ec1u nh\u00e0 qu\u1ea3n <span>l\u00ed<\/span> v\u1edbi n\u1ed7 l\u1ef1c nh\u1eb1m \u0111a d\u1ea1ng h\u00f3a r\u1ee7i ro c\u1ee7a c\u00e1c <span>qu\u0129<\/span> n\u00e0y.\u00a0<\/p>\n<p>Do kh\u1ea3 n\u0103ng \u0111\u00e1p \u1ee9ng \u0111\u01b0\u1ee3c m\u1ee5c ti\u00eau c\u1ee7a <span>qu\u0129<\/span> ph\u1ee5 thu\u1ed9c qu\u00e1 nhi\u1ec1u v\u00e0o s\u1ef1 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng trong t\u01b0\u01a1ng lai n\u00ean \u0111\u1ed1i v\u1edbi thu nh\u1eadp n\u00f3i chung c\u1ee7a <span>qu\u0129<\/span>, c\u00e1c quy\u1ebft \u0111\u1ecbnh c\u1ee7a nh\u1eefng ng\u01b0\u1eddi qu\u1ea3n <span>l\u00ed<\/span> th\u1eadm ch\u00ed c\u00f3 th\u1ec3 c\u00f2n quan tr\u1ecdng h\u01a1n l\u00e0 vi\u1ec7c <span>qu\u0129<\/span> ch\u1ec9 theo \u0111u\u1ed5i m\u1ed9t ph\u01b0\u01a1ng ph\u00e1p giao d\u1ecbch th\u00f4ng th\u01b0\u1eddng n\u00e0o \u0111\u00f3.<\/p>\n<p>Ch\u1ec9 s\u1ed1 P\/E: \u0110\u00e2y l\u00e0 ch\u1ec9 s\u1ed1 ph\u1ea3n \u00e1nh m\u1ed1i quan h\u1ec7 gi\u1eefa th\u1ecb gi\u00e1 (gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu hi\u1ec7n h\u00e0nh) c\u1ed5 phi\u1ebfu v\u1edbi l\u1ee3i nhu\u1eadn sau thu\u1ebf trong m\u1ed9t n\u0103m c\u1ee7a c\u00f4ng ty.<\/p>\n<p><i>(T\u00e0i li\u1ec7u tham kh\u1ea3o: C\u1ea9m nang \u0111\u1ea7u t\u01b0 tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, NXB T\u1eeb \u0111i\u1ec3n B\u00e1ch Khoa)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"vnbcbc-sapo\" data-role=\"sapo\">\n                            Qu\u0129 \u0111i\u1ec1u h\u00f2a theo th\u1ecb tr\u01b0\u1eddng (ti\u1ebfng Anh: Market Neutral Funds) l\u00e0 m\u1ed9t lo\u1ea1i qu\u0129 t\u01b0\u01a1ng h\u1ed7 \u0111\u1eb7c bi\u1ec7t, theo \u0111\u00f3 qu\u0129 n\u00e0y c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n \u0111\u01b0\u1ee3c ch\u00fa \u00fd.\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\/31190"}],"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=31190"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31190\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}