{"id":31423,"date":"2023-12-07T10:38:21","date_gmt":"2023-12-07T10:38:21","guid":{"rendered":"https:\/\/masterskills.org\/blog\/loi-nhuan-chu-dong-active-return-la-gi-nhung-luu-y-can-thiet.html"},"modified":"2023-12-23T08:10:39","modified_gmt":"2023-12-23T01:10:39","slug":"loi-nhuan-chu-dong-active-return-la-gi-nhung-luu-y-can-thiet","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/loi-nhuan-chu-dong-active-return-la-gi-nhung-luu-y-can-thiet.html","title":{"rendered":"L\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng (Active Return) l\u00e0 g\u00ec? Nh\u1eefng l\u01b0u \u00fd c\u1ea7n thi\u1ebft"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Kiplinger.com<\/p>\n<\/div>\n<\/div>\n

L\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng<\/font><\/h2>\n

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

L\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng <\/b>trong ti\u1ebfng Anh l\u00e0 active return.<\/b><\/p>\n

L\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng<\/b> l\u00e0 kho\u1ea3n l\u00e3i ho\u1eb7c l\u1ed7 khi so s\u00e1nh v\u1edbi m\u1ed9t ch\u1ec9 s\u1ed1 \u0111\u1ea7u t\u01b0. Ch\u1ec9 s\u1ed1 \u0111\u01b0\u1ee3c n\u00f3i \u0111\u1ebfn \u1edf \u0111\u00e2y c\u00f3 th\u1ec3 l\u00e0 ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng chung nh\u01b0 S&P 500, ho\u1eb7c c\u1ee7a m\u1ed9t ng\u00e0nh \u0111\u1eb7c th\u00f9, nh\u01b0 ch\u1ec9 s\u1ed1 Dow Jones U.S Financial Index. L\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng l\u00e0 ph\u1ea7n kh\u00e1c bi\u1ec7t gi\u1eefa l\u1ee3i nhu\u1eadn th\u1ef1c t\u1ebf v\u00e0 ch\u1ec9 s\u1ed1 \u0111\u00f3. N\u00f3 c\u00f3 th\u1ec3 d\u01b0\u01a1ng ho\u1eb7c \u00e2m v\u00e0 th\u01b0\u1eddng \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3 \u0111\u1ea7u t\u01b0. Nh\u1eefng c\u00f4ng ty ch\u00fa tr\u1ecdng v\u00e0o l\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng th\u01b0\u1eddng bi\u1ebft \u0111\u1ebfn nh\u01b0 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee7 \u0111\u1ed9ng. V\u00e0 th\u01b0\u1eddng l\u00e0 nh\u1eefng c\u00f4ng ty qu\u1ea3n l\u00ed t\u00e0i s\u1ea3n hay qu\u0129 ph\u00f2ng h\u1ed9.<\/p>\n

T\u00ednh ch\u1ea5t c\u1ee7a l\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng<\/font><\/h3>\n

Nh\u1eefng danh m\u1ee5c \u0111\u1ea7u t\u01b0 mang l\u1ea1i t\u1ec9 su\u1ea5t sinh l\u1eddi cao h\u01a1n so v\u1edbi th\u1ecb tr\u01b0\u1eddng chung s\u1ebd c\u00f3 l\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng l\u00e0 s\u1ed1 d\u01b0\u01a1ng. V\u00ed d\u1ee5 nh\u01b0 n\u1ebfu t\u1ec9 su\u1ea5t sinh l\u1eddi c\u1ee7a th\u1ecb tr\u01b0\u1eddng chung l\u00e0 5%, c\u00f2n t\u1ec9 su\u1ea5t sinh l\u1eddi th\u1ef1c c\u1ee7a danh m\u1ee5c l\u00e0 8%, th\u00ec ph\u1ea7n l\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng l\u00e0 3% (8% – 5% = 3%).<\/p>\n

Nh\u01b0ng n\u1ebfu trong tr\u01b0\u1eddng h\u1ee3p danh m\u1ee5c \u0111\u00f3 ch\u1ec9 \u0111em l\u1ea1i t\u1ec9 su\u1ea5t l\u00e0 4% th\u00ec l\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng s\u1ebd l\u00e0 -1% (4% – 5% = -1%).<\/p>\n

N\u1ebfu ch\u1ec9 so s\u00e1nh v\u1edbi ch\u1ec9 s\u1ed1 c\u1ee7a m\u1ed9t nh\u00f3m ng\u00e0nh nh\u1ea5t \u0111\u1ecbnh, th\u00ec danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111\u00f3 tuy c\u00f3 hi\u1ec7u su\u1ea5t th\u1ea5p h\u01a1n th\u1ecb tr\u01b0\u1eddng chung, nh\u01b0ng v\u1eabn c\u00f3 th\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng l\u00e0 s\u1ed1 d\u01b0\u01a1ng khi cao h\u01a1n ch\u1ec9 s\u1ed1 \u0111\u01b0\u1ee3c ch\u1ecdn \u0111\u1ec3 so s\u00e1nh. V\u00ec v\u1eady, vi\u1ec7c bi\u1ebft \u0111\u01b0\u1ee3c ch\u1ec9 s\u1ed1 n\u00e0o \u0111ang \u0111\u01b0\u1ee3c ch\u1ecdn \u0111\u1ec3 so s\u00e1nh l\u00e0 r\u1ea5t quan tr\u1ecdng \u0111\u1ed1i v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n

Ch\u1ea1y theo l\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng<\/font><\/h3>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 huy\u1ec1n tho\u1ea1i Warren Buffet tin t\u01b0\u1edfng r\u1eb1ng h\u1ea7u h\u1ebft nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd c\u00f3 t\u1ec9 su\u1ea5t sinh l\u1eddi t\u1ed1t h\u01a1n khi \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t qu\u0129 ch\u1ec9 s\u1ed1 thay v\u00ec c\u1ed1 \u0111\u00e1nh b\u1ea1i th\u1ecb tr\u01b0\u1eddng. \u00d4ng tin r\u1eb1ng h\u1ea7u h\u1ebft l\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng m\u00e0 ng\u01b0\u1eddi qu\u1ea3n l\u00ed qu\u0129 ki\u1ebfm \u0111\u01b0\u1ee3c s\u1ebd b\u1ecb \u0103n m\u00f2n b\u1edfi nh\u1eefng lo\u1ea1i ph\u00ed.<\/p>\n

K\u1ebft qu\u1ea3 nghi\u00ean c\u1ee9u t\u1eeb ch\u1ec9 s\u1ed1 S&P v\u00e0 Dow Jones c\u0169ng \u1ee7ng h\u1ed9 suy ngh\u0129 c\u1ee7a Warren Buffet. S\u1ed1 li\u1ec7u th\u1ed1ng k\u00ea cho th\u1ea5y nh\u1eefng nh\u00e0 qu\u1ea3n l\u00ed qu\u0129 \u0111\u1ea7u t\u01b0 ch\u1ee7 \u0111\u1ed9ng \u0111\u00e3 \u0111\u00e1nh b\u1ea1i th\u1ecb tr\u01b0\u1eddng trong m\u1ed9t n\u0103m c\u00f3 \u00edt h\u01a1n 50% c\u01a1 h\u1ed9i \u0111\u1ec3 ti\u1ebfp t\u1ee5c \u0111\u00e1nh b\u1ea1i th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng t\u1ef1 nh\u01b0 v\u1eady trong n\u0103m th\u1ee9 hai. V\u00e0 n\u00f3 c\u0169ng cho th\u1ea5y r\u1eb1ng k\u1ec3 c\u1ea3 khi ng\u01b0\u1eddi qu\u1ea3n l\u00ed qu\u0129 \u0111\u00f3 th\u00e0nh c\u00f4ng trong ba n\u0103m li\u00ean ti\u1ebfp th\u00ec c\u0169ng kh\u00f4ng th\u1ec3 \u0111\u00e1nh b\u1ea1i th\u1ecb tr\u01b0\u1eddng trong ba n\u0103m ti\u1ebfp theo.<\/p>\n

Nhi\u1ec1u nh\u00e0 qu\u1ea3n l\u00ed qu\u0129 \u0111\u00e3 k\u1ebft h\u1ee3p c\u1ea3 hai ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 ch\u1ee7 \u0111\u1ed9ng v\u00e0 b\u1ecb \u0111\u1ed9ng \u0111\u1ec3 t\u1ea1o ra m\u1ed9t chi\u1ebfn thu\u1eadt \u0111\u1ea7u t\u01b0 l\u00f5i v\u00e0 v\u1ec7 tinh. Chi\u1ebfn thu\u1eadt n\u00e0y duy tr\u00ec nh\u1eefng c\u1ed5 phi\u1ebfu c\u1ed1t l\u00f5i trong nhi\u1ec1u nh\u00f3m ng\u00e0nh kh\u00e1c nhau \u0111\u1ec3 t\u1ed1i thi\u1ec3u h\u00f3a r\u1ee7i ro v\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee7 \u0111\u1ed9ng th\u00eam v\u00e0o c\u00e1c c\u1ed5 phi\u1ebfu v\u1ec7 tinh b\u1ed5 sung \u0111\u1ec3 \u0111\u00e1nh b\u1ea1i th\u1ecb tr\u01b0\u1eddng.<\/p>\n

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

\n L\u1ee3i nhu\u1eadn ch\u1ee7 \u0111\u1ed9ng (ti\u1ebfng Anh: Active return) l\u00e0 kho\u1ea3n l\u00e3i ho\u1eb7c l\u1ed7 khi so s\u00e1nh v\u1edbi m\u1ed9t ch\u1ec9 s\u1ed1 \u0111\u1ea7u t\u01b0.\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\/31423"}],"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=31423"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31423\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}