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Monty瑜

Monty瑜

一个不务正业的数据分析在读生

IP属地：浙江

156关注

5粉丝

11主题

0勋章

2023-02-16

$微型CME比特币主连 2302(MBTmain)$ 留存发帖备份

2022-02-27

大招就是俄罗斯发射核弹

隐秘的“金融战场”：欧美放大招对付俄罗斯，胜算几何

2022-02-18

无语

多部门发布外卖管理新规，美团盘中跌超17%刷新52周新低

2021-11-12

mark

拜登基建计划出炉：哪些ETF可投资？

2021-11-10

其他收益太亮眼了

腾讯：第三季度营收1,424亿元，净利润395亿元

2021-10-28

真好

Why the $5.4 trillion ETF market faces its biggest crisis since inception

2021-10-24

好文

@46d9935c:新加坡银行股的主要驱动因素

2021-10-21

$ProShares Bitcoin Strategy ETF(BITO)$留存备份

2021-10-21

$CME比特币主连 2110(BTCmain)$ 留存备份

2021-10-20

印钞机只能说是

阿斯麦Q3营收52.41亿欧元，净利润17.4亿欧元

2021-09-12

这篇文章不错，转发给大家看看

@牧财鲸_踩不到热点版:如何系统地学习投资——史上最精华的投资学习书单 2.0

2021-08-17

这篇文章不错，转发给大家看看

抱歉，原内容已删除

2021-07-26

新高？

抱歉，原内容已删除

2021-02-16

上周看中的票子，涨浮都在20-30个点，我醉了，可惜没有后悔药，加油吧众安在线有叫我爸买点的，也不知道我爸买了没阅文是这两天看《赘婿》发现卖IP是真的文娱里的石油，怪不得爱奇艺也要做阅读，抢占文娱源头的ip版权咯还有就是比特币概念的九城和嘉楠，CAN都差点成交了，报价低给撤销了就没买

2021-02-03

$DIS 20210219 180.0 CALL(DIS)$$迪士尼(DIS)$先跑部分，再拿一半，嘻嘻

2021-01-28

$Castor Maritime, Inc.(CTRM)$ship to the moon🚀🚀🚀

2021-01-28

$fuboTV Inc.(FUBO)$$AMC院线(AMC)$$诺基亚(NOK)$太强了

2021-01-22

$TIGR 20210416 12.5 CALL(TIGR)$会卖的是师傅，拿到期

2021-01-21

$小米集团-W(01810)$送的哈哈

2021-01-20

$阿里巴巴-SW(09988)$金主爸爸们终于看到阿里了，阿里云不香吗，下一个aws

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href=\"https://laohu8.com/FUT/MBTmain\">$微型CME比特币主连 2302(MBTmain)$&nbsp;</a>留存发帖备份","listText":"<a href=\"https://laohu8.com/FUT/MBTmain\">$微型CME比特币主连 2302(MBTmain)$&nbsp;</a>留存发帖备份","text":"$微型CME比特币主连 2302(MBTmain)$ 留存发帖备份","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/625500862","isVote":1,"tweetType":1,"viewCount":1266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":636591810,"gmtCreate":1645972325036,"gmtModify":1645972325036,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"大招就是俄罗斯发射核弹","listText":"大招就是俄罗斯发射核弹","text":"大招就是俄罗斯发射核弹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/636591810","repostId":"1151145774","repostType":2,"repost":{"id":"1151145774","pubTimestamp":1645961889,"share":"https://www.laohu8.com/m/news/1151145774?lang=&edition=full","pubTime":"2022-02-27 19:38","market":"us","language":"zh","title":"隐秘的“金融战场”：欧美放大招对付俄罗斯，胜算几何","url":"https://stock-news.laohu8.com/highlight/detail?id=1151145774","media":"华尔街见闻","summary":"正面战场上，俄乌军队激战正酣；隐秘的角落里，金融战正如火如荼。","content":"<html><head></head><body><p>作者：高智谋</p><p><b>正面战场上，俄乌军队激战正酣；隐秘的角落里，金融战正如火如荼。</b></p><p>2月22日-24日，西方各国对俄罗斯先后发起了两波制裁，在金融方面，对俄罗斯进行了资产冻结、制裁主权债等手段；在贸易方面，动用了出口管制、限制俄高科技行业等武器。两波制裁相继宣布后，相关分析指出：力度完全不够，与拜登承诺的“迅速、严厉和前所未有”的制裁相去甚远。</p><p>到了2月26日晚间，美国、欧盟、英国和加拿大等西方大国突然发表联合声明，宣布禁止俄罗斯央行及几家俄主要银行使用SWIFT系统。</p><p><b>这枚金融制裁“核按钮”，终于被按下。</b></p><p>不仅如此，金融战场上的西方猎人们，如今还把“猎杀”的目标对准了俄罗斯的央行以及俄庞大的外汇储备。</p><p>对于俄罗斯这般体量的经济体而言，央行受到如此级别的打击是前所未有的事件。<b>“SWIFT大招”制裁央行，目的在于防止俄罗斯央行通过动用国际储备来降低制裁效果，</b>这对俄罗斯金融系统抗击“超级黑天鹅”风险能力可谓是一次“真正考验”。</p><p>“金融核弹”SWIFT——杀敌一千，自损八百</p><p>华尔街见闻此前曾介绍，作为国际银行间同业自发合作的非营利组织，SWIFT的足迹几乎遍布全球，全世界几乎所有重要的金融机构都是该机构的成员，打造出了当下国际最普及、最安全、最便捷的汇兑体系。简而言之，SWIFT就是目前国际金融机构间传递金融信息的一个主要渠道。</p><p>历史上，SWIFT曾多次沦为美国对他国发起金融制裁的工具。不过，在这个油价高企、天然气价格飙升、欧美各国通胀爆表的时代，美国对是否将俄罗斯踢出SWIFT系统的决定一直十分谨慎。</p><p>关于SWIFT的起源、威力、西方各国此前的态度及俄罗斯的对策，华尔街见闻在前文《威胁把俄罗斯除名的SWIFT，凭啥这么牛？》已做过详细陈述，不再赘述。下面，我们将目光转向西方金融制裁的新对象——俄罗斯庞大的外汇储备。</p><p>限制俄罗斯央行，攻击俄外储“要塞”，胜算几何？</p><p>新闻稿不起眼的角度里，欧美在“SWIFT打击名单”中带上了俄央行，但这却是极其“严厉”的一招，目的在于防止俄罗斯央行通过动用“充裕的”外汇储备来降低制裁效果。</p><p>26日晚间，一位美国政府高级官员在接受《卫报》采访时表示：</p><blockquote>“俄罗斯拥有的6300亿美元外储‘要塞’令人印象深刻，但俄罗斯必须能够出售这些储备并购买卢布来支撑其货币。所以，我们要做的就是解除中央银行的武装。”</blockquote><p>谈及如何做到这一点，他进一步解释称：</p><blockquote>“例如，我们可以禁止美国、欧盟、英国人向俄罗斯中央银行出售卢布。这将导致俄罗斯中央银行完全无法有效支撑卢布，这意味着我们的制裁将具有更大的力量。”</blockquote><p>据统计，截至2022年1月14日，俄罗斯的外汇储备总额达到6302.07亿美金，为历史最高。</p><p><img src=\"https://static.tigerbbs.com/e732bc3dfdbc751f2cd9e01272de64cb\" tg-width=\"707\" tg-height=\"327\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>图源：tradingeconomics</p><p><b>不过，“受制裁经验丰富”的俄罗斯也不是毫无防备。</b>2008年金融危机以来，为实施去美元化，俄罗斯制定了完整的策略，采取了减少美元直接使用、降低在外汇储备中的比例、大幅抛售美国国债、拓展非美元融资、增持黄金、建立本国的支付系统和金融信息交换系统等去美元化措施。一系列举措不仅提高了去美元化程度，同时也增使得金融系统应对风险能力不断增强。</p><p>对于俄罗斯应对措施的收效<b>，</b>中国社科院俄罗斯东欧中亚研究所副研究员许文鸿在《去美元化：俄罗斯在俄美金融战中的反击》一文中总结如下：</p><blockquote><b>（1）直接减少美元的使用：</b></blockquote><blockquote>自2013年以来，俄央行采取措施，降低美元在俄罗斯国内外的汇款中的比例。截至2018年9月，俄罗斯银行个人和企业持有的外币存款比例已从2016年的37%峰值降至26%。</blockquote><blockquote><b>（2）减少在国际结算中使用美元：</b></blockquote><blockquote>减少在国际结算中使用美元。俄罗斯经济发展部制定了在外贸领域去美元化的方案，美元在俄外贸结算中的作用正在逐步降低。仅在2019 年上半年，美元结算份额就从2018 年的54.8%下降为51.2%。</blockquote><blockquote><b>（3）降低美元在外汇储备中的占比：</b></blockquote><blockquote>在2018年3月之前，美元一直是俄罗斯央行最重要的外汇储备之一，占比曾高达43%～48%。随后为降低被制裁风险，俄央行开始不断减少美元在外汇储备中的占比。<b>俄在降低美元储备的同时，提高欧元的比例，欧元替代了美元在俄国际储备货币和国际贸易结算货币中的部分份额。</b></blockquote><blockquote>到2020年年底，美元以及美元资产在俄罗斯国际储备中的占比已降至21.2%，黄金和人民币占比提升至23.3%、12.8%。<b>值得一提的是，许文鸿预计，俄罗斯央行可能是中国国债最大的投资者，其总储备持有量中有近三分之一的储备可能以人民币计价。</b></blockquote><blockquote><b>（4）抛售美国国债：</b></blockquote><blockquote>据美国财政部最新公布的数据，2021年2月，俄罗斯几乎完全清空了美国长期国债(只剩3.06亿美元) ，当月减持美债3.89亿美元，最终持仓规模降到58亿美元，相比俄罗斯最高持有的美债，累计抛售比例达到94%。俄罗斯不仅抛售美债，而且今后将不再购买美元债务。</blockquote><blockquote><b>（5）增加黄金持有量：</b></blockquote><blockquote>俄罗斯在大幅减持美债的同时不断增持黄金，目前其黄金储备达到2271.2吨(约7300万盎司)，占俄外汇储备的19.9%，在世界各国黄金储备排名中居第五位。此外，俄罗斯国内的黄金开采量也大幅度增加。</blockquote><blockquote>值得一提的是，不同于世界上其他国家将黄金储存在美国，出于对美国的不信任，俄罗斯在美国没有黄金储存<b>，俄罗斯的黄金都储藏在俄央行在莫斯科的仓库里。</b></blockquote><blockquote><b>此外，俄罗斯在拓展非美元融资渠道、货币互换与本币结算、建立本国的支付系统和金融信息交换系统等一系列方面皆收到了不错的成效。</b></blockquote><p><b>上述结论可看出，如今俄罗斯的外汇储备已相当多元化、对美元依赖程度已大幅降低，同时还将大量黄金储备在莫斯科。</b>一定程度上，充足的准备帮助俄罗斯构建起了强大的金融“要塞”。</p><p>那么，意欲攻占这座“要塞”的西方金融猎人们，胜算究竟有几何呢？</p></body></html>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>隐秘的“金融战场”：欧美放大招对付俄罗斯，胜算几何</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 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0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n隐秘的“金融战场”：欧美放大招对付俄罗斯，胜算几何\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-27 19:38 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3652907><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者：高智谋正面战场上，俄乌军队激战正酣；隐秘的角落里，金融战正如火如荼。2月22日-24日，西方各国对俄罗斯先后发起了两波制裁，在金融方面，对俄罗斯进行了资产冻结、制裁主权债等手段；在贸易方面，动用了出口管制、限制俄高科技行业等武器。两波制裁相继宣布后，相关分析指出：力度完全不够，与拜登承诺的“迅速、严厉和前所未有”的制裁相去甚远。到了2月26日晚间，美国、欧盟、英国和加拿大等西方大国突然发表...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3652907\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d0f100ea564a5266a968245cbcfe466f","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3652907","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1151145774","content_text":"作者：高智谋正面战场上，俄乌军队激战正酣；隐秘的角落里，金融战正如火如荼。2月22日-24日，西方各国对俄罗斯先后发起了两波制裁，在金融方面，对俄罗斯进行了资产冻结、制裁主权债等手段；在贸易方面，动用了出口管制、限制俄高科技行业等武器。两波制裁相继宣布后，相关分析指出：力度完全不够，与拜登承诺的“迅速、严厉和前所未有”的制裁相去甚远。到了2月26日晚间，美国、欧盟、英国和加拿大等西方大国突然发表联合声明，宣布禁止俄罗斯央行及几家俄主要银行使用SWIFT系统。这枚金融制裁“核按钮”，终于被按下。不仅如此，金融战场上的西方猎人们，如今还把“猎杀”的目标对准了俄罗斯的央行以及俄庞大的外汇储备。对于俄罗斯这般体量的经济体而言，央行受到如此级别的打击是前所未有的事件。“SWIFT大招”制裁央行，目的在于防止俄罗斯央行通过动用国际储备来降低制裁效果，这对俄罗斯金融系统抗击“超级黑天鹅”风险能力可谓是一次“真正考验”。“金融核弹”SWIFT——杀敌一千，自损八百华尔街见闻此前曾介绍，作为国际银行间同业自发合作的非营利组织，SWIFT的足迹几乎遍布全球，全世界几乎所有重要的金融机构都是该机构的成员，打造出了当下国际最普及、最安全、最便捷的汇兑体系。简而言之，SWIFT就是目前国际金融机构间传递金融信息的一个主要渠道。历史上，SWIFT曾多次沦为美国对他国发起金融制裁的工具。不过，在这个油价高企、天然气价格飙升、欧美各国通胀爆表的时代，美国对是否将俄罗斯踢出SWIFT系统的决定一直十分谨慎。关于SWIFT的起源、威力、西方各国此前的态度及俄罗斯的对策，华尔街见闻在前文《威胁把俄罗斯除名的SWIFT，凭啥这么牛？》已做过详细陈述，不再赘述。下面，我们将目光转向西方金融制裁的新对象——俄罗斯庞大的外汇储备。限制俄罗斯央行，攻击俄外储“要塞”，胜算几何？新闻稿不起眼的角度里，欧美在“SWIFT打击名单”中带上了俄央行，但这却是极其“严厉”的一招，目的在于防止俄罗斯央行通过动用“充裕的”外汇储备来降低制裁效果。26日晚间，一位美国政府高级官员在接受《卫报》采访时表示：“俄罗斯拥有的6300亿美元外储‘要塞’令人印象深刻，但俄罗斯必须能够出售这些储备并购买卢布来支撑其货币。所以，我们要做的就是解除中央银行的武装。”谈及如何做到这一点，他进一步解释称：“例如，我们可以禁止美国、欧盟、英国人向俄罗斯中央银行出售卢布。这将导致俄罗斯中央银行完全无法有效支撑卢布，这意味着我们的制裁将具有更大的力量。”据统计，截至2022年1月14日，俄罗斯的外汇储备总额达到6302.07亿美金，为历史最高。图源：tradingeconomics不过，“受制裁经验丰富”的俄罗斯也不是毫无防备。2008年金融危机以来，为实施去美元化，俄罗斯制定了完整的策略，采取了减少美元直接使用、降低在外汇储备中的比例、大幅抛售美国国债、拓展非美元融资、增持黄金、建立本国的支付系统和金融信息交换系统等去美元化措施。一系列举措不仅提高了去美元化程度，同时也增使得金融系统应对风险能力不断增强。对于俄罗斯应对措施的收效，中国社科院俄罗斯东欧中亚研究所副研究员许文鸿在《去美元化：俄罗斯在俄美金融战中的反击》一文中总结如下：（1）直接减少美元的使用：自2013年以来，俄央行采取措施，降低美元在俄罗斯国内外的汇款中的比例。截至2018年9月，俄罗斯银行个人和企业持有的外币存款比例已从2016年的37%峰值降至26%。（2）减少在国际结算中使用美元：减少在国际结算中使用美元。俄罗斯经济发展部制定了在外贸领域去美元化的方案，美元在俄外贸结算中的作用正在逐步降低。仅在2019 年上半年，美元结算份额就从2018 年的54.8%下降为51.2%。（3）降低美元在外汇储备中的占比：在2018年3月之前，美元一直是俄罗斯央行最重要的外汇储备之一，占比曾高达43%～48%。随后为降低被制裁风险，俄央行开始不断减少美元在外汇储备中的占比。俄在降低美元储备的同时，提高欧元的比例，欧元替代了美元在俄国际储备货币和国际贸易结算货币中的部分份额。到2020年年底，美元以及美元资产在俄罗斯国际储备中的占比已降至21.2%，黄金和人民币占比提升至23.3%、12.8%。值得一提的是，许文鸿预计，俄罗斯央行可能是中国国债最大的投资者，其总储备持有量中有近三分之一的储备可能以人民币计价。（4）抛售美国国债：据美国财政部最新公布的数据，2021年2月，俄罗斯几乎完全清空了美国长期国债(只剩3.06亿美元) ，当月减持美债3.89亿美元，最终持仓规模降到58亿美元，相比俄罗斯最高持有的美债，累计抛售比例达到94%。俄罗斯不仅抛售美债，而且今后将不再购买美元债务。（5）增加黄金持有量：俄罗斯在大幅减持美债的同时不断增持黄金，目前其黄金储备达到2271.2吨(约7300万盎司)，占俄外汇储备的19.9%，在世界各国黄金储备排名中居第五位。此外，俄罗斯国内的黄金开采量也大幅度增加。值得一提的是，不同于世界上其他国家将黄金储存在美国，出于对美国的不信任，俄罗斯在美国没有黄金储存，俄罗斯的黄金都储藏在俄央行在莫斯科的仓库里。此外，俄罗斯在拓展非美元融资渠道、货币互换与本币结算、建立本国的支付系统和金融信息交换系统等一系列方面皆收到了不错的成效。上述结论可看出，如今俄罗斯的外汇储备已相当多元化、对美元依赖程度已大幅降低，同时还将大量黄金储备在莫斯科。一定程度上，充足的准备帮助俄罗斯构建起了强大的金融“要塞”。那么，意欲攻占这座“要塞”的西方金融猎人们，胜算究竟有几何呢？","news_type":1},"isVote":1,"tweetType":1,"viewCount":2237,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3533084678796733","authorId":"3533084678796733","name":"給你壹个韭菜包","avatar":"https://static.tigerbbs.com/7f738c869c9e22180516f2e2b4baffd5","crmLevel":2,"crmLevelSwitch":0,"idStr":"3533084678796733","authorIdStr":"3533084678796733"},"content":"发吧，发完看看还有谁愿意遵守核不扩散条约，乌克兰原本有核遵守条约去核化，理应受到俄罗斯的核保护，又是常任理事国，发完这一次，欧洲遍地核国，日本已经着急得想要得不行了。","text":"发吧，发完看看还有谁愿意遵守核不扩散条约，乌克兰原本有核遵守条约去核化，理应受到俄罗斯的核保护，又是常任理事国，发完这一次，欧洲遍地核国，日本已经着急得想要得不行了。","html":"发吧，发完看看还有谁愿意遵守核不扩散条约，乌克兰原本有核遵守条约去核化，理应受到俄罗斯的核保护，又是常任理事国，发完这一次，欧洲遍地核国，日本已经着急得想要得不行了。"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":638834319,"gmtCreate":1645169363751,"gmtModify":1645173646344,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"无语","listText":"无语","text":"无语","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/638834319","repostId":"1141495961","repostType":2,"repost":{"id":"1141495961","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645167449,"share":"https://www.laohu8.com/m/news/1141495961?lang=&edition=full","pubTime":"2022-02-18 14:57","market":"hk","language":"zh","title":"多部门发布外卖管理新规，美团盘中跌超17%刷新52周新低","url":"https://stock-news.laohu8.com/highlight/detail?id=1141495961","media":"老虎资讯综合","summary":"引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准。","content":"<html><head></head><body><p>2月18日，<a href=\"https://laohu8.com/S/03690\">美团-W</a>持续下挫，盘中跌超17%，刷新52周股价新低。于此同时，恒生科技指数跌幅达3.3%。此前发改委等多部门印发通知要求引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准。</p><p><img src=\"https://static.tigerbbs.com/185ebb56503f32416cc32aff24c90aea\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p>据国家发改委网站2月18日发布，国家发展改革委等14部门印发《关于促进服务业领域困难行业恢复发展的若干政策》，为帮助服务业领域困难行业渡过难关、恢复发展，在落实好已经出台政策措施的基础上，经国务院同意，提出43条助企纾困扶持政策措施。</p><p>其中，关于餐饮业纾困扶持措施包括：引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准，降低相关餐饮企业经营成本。引导互联网平台企业对疫 情中高风险地区所在的县级行政区域内的餐饮企业，给予阶段性商户服务费优惠。</p><p>鼓励有条件的地方对餐饮企业免费开展员工定期核酸检测，对企业防疫、消杀支出给予补贴支持。2022 年原则上应给予餐饮企业员工定期核酸检测不低于 50%比例的补贴支持。</p><p>允许失业保险、工伤保险基金结余较多的省份对餐饮企 业阶段性实施缓缴失业保险、工伤保险费政策，具体办法由省级 人民政府确定。符合条件的餐饮企业提出申请，经参保地人民政 府批准可以缓缴，期限不超过一年，缓缴期间免收滞纳金。</p><p>引导金融机构加强与餐饮行业主管部门信息共享，运用 中小微企业和个体工商户的交易流水、经营用房租赁以及有关部 门掌握的信用信息等数据，提升风险定价能力，更多发放信用贷 款。鼓励符合条件的餐饮企业发行公司信用类债券，拓宽餐饮企 业多元化融资渠道。</p><p>鼓励政府性融资担保机构为符合条件的餐饮业中小微企业提供融资增信支持，依法依约及时履行代偿责任，积极帮助受 疫情影响企业续保续贷。支持有条件的地方向政府性融资担保机 构注资、提供融资担保费用补贴。</p><p>鼓励保险机构优化产品和服务，扩大因疫情导致餐饮企业营业中断损失保险的覆盖面，提升理赔效率，提高对餐饮企业 的保障程度。鼓励有条件的地方给予保费补贴。</p><p>鼓励餐饮企业为老年人提供助餐服务，地方结合实际因地制宜对老年人助餐服务给予适当支持。不得强制餐饮企业给予配套优惠措施。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>多部门发布外卖管理新规，美团盘中跌超17%刷新52周新低</title>\n<style 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href=\"https://laohu8.com/S/03690\">美团-W</a>持续下挫，盘中跌超17%，刷新52周股价新低。于此同时，恒生科技指数跌幅达3.3%。此前发改委等多部门印发通知要求引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准。</p><p><img src=\"https://static.tigerbbs.com/185ebb56503f32416cc32aff24c90aea\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p>据国家发改委网站2月18日发布，国家发展改革委等14部门印发《关于促进服务业领域困难行业恢复发展的若干政策》，为帮助服务业领域困难行业渡过难关、恢复发展，在落实好已经出台政策措施的基础上，经国务院同意，提出43条助企纾困扶持政策措施。</p><p>其中，关于餐饮业纾困扶持措施包括：引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准，降低相关餐饮企业经营成本。引导互联网平台企业对疫 情中高风险地区所在的县级行政区域内的餐饮企业，给予阶段性商户服务费优惠。</p><p>鼓励有条件的地方对餐饮企业免费开展员工定期核酸检测，对企业防疫、消杀支出给予补贴支持。2022 年原则上应给予餐饮企业员工定期核酸检测不低于 50%比例的补贴支持。</p><p>允许失业保险、工伤保险基金结余较多的省份对餐饮企 业阶段性实施缓缴失业保险、工伤保险费政策，具体办法由省级 人民政府确定。符合条件的餐饮企业提出申请，经参保地人民政 府批准可以缓缴，期限不超过一年，缓缴期间免收滞纳金。</p><p>引导金融机构加强与餐饮行业主管部门信息共享，运用 中小微企业和个体工商户的交易流水、经营用房租赁以及有关部 门掌握的信用信息等数据，提升风险定价能力，更多发放信用贷 款。鼓励符合条件的餐饮企业发行公司信用类债券，拓宽餐饮企 业多元化融资渠道。</p><p>鼓励政府性融资担保机构为符合条件的餐饮业中小微企业提供融资增信支持，依法依约及时履行代偿责任，积极帮助受 疫情影响企业续保续贷。支持有条件的地方向政府性融资担保机 构注资、提供融资担保费用补贴。</p><p>鼓励保险机构优化产品和服务，扩大因疫情导致餐饮企业营业中断损失保险的覆盖面，提升理赔效率，提高对餐饮企业 的保障程度。鼓励有条件的地方给予保费补贴。</p><p>鼓励餐饮企业为老年人提供助餐服务，地方结合实际因地制宜对老年人助餐服务给予适当支持。不得强制餐饮企业给予配套优惠措施。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e1238455e09ac8d1135014cb37eb0f4d","relate_stocks":{"03690":"美团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141495961","content_text":"2月18日，美团-W持续下挫，盘中跌超17%，刷新52周股价新低。于此同时，恒生科技指数跌幅达3.3%。此前发改委等多部门印发通知要求引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准。据国家发改委网站2月18日发布，国家发展改革委等14部门印发《关于促进服务业领域困难行业恢复发展的若干政策》，为帮助服务业领域困难行业渡过难关、恢复发展，在落实好已经出台政策措施的基础上，经国务院同意，提出43条助企纾困扶持政策措施。其中，关于餐饮业纾困扶持措施包括：引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准，降低相关餐饮企业经营成本。引导互联网平台企业对疫 情中高风险地区所在的县级行政区域内的餐饮企业，给予阶段性商户服务费优惠。鼓励有条件的地方对餐饮企业免费开展员工定期核酸检测，对企业防疫、消杀支出给予补贴支持。2022 年原则上应给予餐饮企业员工定期核酸检测不低于 50%比例的补贴支持。允许失业保险、工伤保险基金结余较多的省份对餐饮企 业阶段性实施缓缴失业保险、工伤保险费政策，具体办法由省级 人民政府确定。符合条件的餐饮企业提出申请，经参保地人民政 府批准可以缓缴，期限不超过一年，缓缴期间免收滞纳金。引导金融机构加强与餐饮行业主管部门信息共享，运用 中小微企业和个体工商户的交易流水、经营用房租赁以及有关部 门掌握的信用信息等数据，提升风险定价能力，更多发放信用贷 款。鼓励符合条件的餐饮企业发行公司信用类债券，拓宽餐饮企 业多元化融资渠道。鼓励政府性融资担保机构为符合条件的餐饮业中小微企业提供融资增信支持，依法依约及时履行代偿责任，积极帮助受 疫情影响企业续保续贷。支持有条件的地方向政府性融资担保机 构注资、提供融资担保费用补贴。鼓励保险机构优化产品和服务，扩大因疫情导致餐饮企业营业中断损失保险的覆盖面，提升理赔效率，提高对餐饮企业 的保障程度。鼓励有条件的地方给予保费补贴。鼓励餐饮企业为老年人提供助餐服务，地方结合实际因地制宜对老年人助餐服务给予适当支持。不得强制餐饮企业给予配套优惠措施。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879841647,"gmtCreate":1636708823902,"gmtModify":1636708823902,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"mark","listText":"mark","text":"mark","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879841647","repostId":"1158332310","repostType":2,"repost":{"id":"1158332310","pubTimestamp":1617284601,"share":"https://www.laohu8.com/m/news/1158332310?lang=&edition=full","pubTime":"2021-04-01 21:43","market":"us","language":"zh","title":"拜登基建计划出炉：哪些ETF可投资？","url":"https://stock-news.laohu8.com/highlight/detail?id=1158332310","media":"美港电讯APP","summary":"随着拜登公布大规模基建计划，一些股票和ETF将会从中受益。\n这些基金中，有一些是短线投资，有一些是长线投资。\nMarketWatch去年11月就推荐了几个不同板块的ETF，现在来看，这些ETF仍是投资","content":"<p>随着拜登公布大规模基建计划，一些股票和ETF将会从中受益。</p>\n<p>这些基金中，有一些是短线投资，有一些是长线投资。</p>\n<p>MarketWatch去年11月就推荐了几个不同板块的ETF，现在来看，这些ETF仍是投资者投资的良好选择。</p>\n<p>虽然其他一些基金和板块的形势可能不那么明朗，但考虑到拜登的计划提高了基建支出，因此这些相关的基金和板块应该能创造丰厚回报。MarketWatch与CFRA共同基金和ETF研究主管Todd Rosenbluth就一些想法进行了交流。</p>\n<p><b>宽带</b></p>\n<p>拜登政府此前发布计划概要，里面提到“宽带互联网就是新时代的电力。人们工作、充分参与课堂学习、接受医疗、保持与世界的联系等都要用到宽带。”</p>\n<p>就该板块的投资而言，Rosenbluth建议买入Defiance Next Gen Connectivity ETF(FIVG)。该基金持股的公司来自各个领域，这些公司都将受益于信息基建项目的开展。相关公司包括数据天线、路由器、移动网络运营商、卫星通信、云计算、光纤电缆、数据中心房地产投资信托基金会等。</p>\n<p>FIVG资产价值达到约11亿美元，收取30个基点的管理费用，该基金已成立了两年左右。</p>\n<p>另外一个选择是Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETF(SRVR)。顾名思义，该基金的投资重点对象是用于构建宽带科技的房地产。值得注意的一点是，SRVR基金由各个房地产投资信托基金会组成，对投资者来说，这与其他股票相比有不同之处。</p>\n<p><b>水工程</b></p>\n<p>基建计划指出，“替换掉饮用水系统中的铅制管道，改善我们国家儿童和有色人种社区居民的健康。”</p>\n<p>Rosenbluth表示“我原以为水工程是一个不引人注意的投资主题，但当我看到Power Shares水资源投资组合(PHO)这只ETF拥有15亿美元资产时，我感到非常惊喜。”</p>\n<p>Rosenbluth认为，PHO的投资极其多样，投资组合包括水利、机械设备、工业、原材料等领域的公司。这些公司生产设备以改善水基础设施、生命科学工具等。</p>\n<p>他在访谈中表示，“此类ETF的另一个优势是它们“在本质上往往是跨行业的。”你投资的不仅涉及某个板块，还涉及到与设备和服务板块相关的更大的生态系统。</p>\n<p>需要注意的是，它与现有的传统基金组合不相匹配。该基金不能简单替代工业类ETF或追踪公用事业类ETF。但是该基金包含的方面很广，很适宜作为对现有投资组合的补充，对长线投资者来说尤为如此。”</p>\n<p>PHO收取的50个基点的费用也比很多其他ETF高，但是该基金已经上市16年了。</p>\n<p><b>清洁能源</b></p>\n<p>正如媒体在3月中旬所报道的那样，尽管清洁<a href=\"https://laohu8.com/S/XLE\">能源ETF</a>在《美国就业计划》中占据了很重要的低位，而且油价也在持续上升，但是清洁能源板块的ETF最近几周都大幅下滑。</p>\n<p>当时，Rosenbluth告诉MarketWatch，“计划内提到的投资都是强劲的长期投资。”</p>\n<p>年初至今，很多备受青睐的清洁能源ETF在经历了2020年的一次大幅走高后都有严重下跌。其中市值最高的安硕环球清洁能源ETF(ICLN)下跌了近14%，而<a href=\"https://laohu8.com/S/TAN\">太阳能ETF-Guggenheim</a>(TAN)则下跌了11%。</p>\n<p>清洁能源ETF在周三拜登基建计划公布后有所回升。随着相关立法的完善，还会有更大的上升空间。其他类似值得考虑的ETF包括First Trust Nasdaq Clean Edge Green Energy Index Fund(QCLN)和ALPS Clean Energy ETF(ACES)。</p>\n<p><b>交通运输</b></p>\n<p>基建计划不会立刻给交通运输板块带来提振，但是随着原料与人员通过飞机、火车、汽车等运输方式在全国范围内流动，交通运输行业也将间接受益。同时，随着公路、桥梁、机场等设施得到修缮，交通运输业也将受益。</p>\n<p>Rosenbluth建议投资者考虑投资<a href=\"https://laohu8.com/S/IYT\">运输指数ETF-iShares</a>(IYT)，或者SPDR标普交通运输ETF(XTN)。</p>\n<p>Rosenbluth指出：“与那些修缮道路和基础设施的公司相比，这些基金似乎是后一个周期的受益者，因此属于长期投资。”</p>\n<p>鉴于它们的构成非常不同，投资者应该仔细研究这两种ETF的投资组合。例如，IYT前三大重仓股分别是，<a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)持股比例12%、Norfolk Southern Corp.(NSC)持股比例11%、Kansas City Southern(KSU)持股比例11%。</p>\n<p>Kansas City Southern同时是XTN最大的重仓股，但也只占投资组合的3.2%；Avis Budget Group Inc.(CAR)是XTN第二大重仓股，占比2.9%；Expeditors International of Washington Inc.(EXPD) 是第三大重仓股，占比2.8%。</p>","source":"lsy1606393433888","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>拜登基建计划出炉：哪些ETF可投资？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n拜登基建计划出炉：哪些ETF可投资？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 21:43 北京时间&nbsp;&nbsp;&nbsp;<a href=https://news.ushknews.com/mobile/details.html?id=1002636&type=news><strong>美港电讯APP</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>随着拜登公布大规模基建计划，一些股票和ETF将会从中受益。\n这些基金中，有一些是短线投资，有一些是长线投资。\nMarketWatch去年11月就推荐了几个不同板块的ETF，现在来看，这些ETF仍是投资者投资的良好选择。\n虽然其他一些基金和板块的形势可能不那么明朗，但考虑到拜登的计划提高了基建支出，因此这些相关的基金和板块应该能创造丰厚回报。MarketWatch与CFRA共同基金和ETF研究主管...</p>\n\n<a href=\"https://news.ushknews.com/mobile/details.html?id=1002636&type=news\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{"QCLN":"First Trust NASDAQ Clean Edge Green Energy Index Fund"},"source_url":"https://news.ushknews.com/mobile/details.html?id=1002636&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158332310","content_text":"随着拜登公布大规模基建计划，一些股票和ETF将会从中受益。\n这些基金中，有一些是短线投资，有一些是长线投资。\nMarketWatch去年11月就推荐了几个不同板块的ETF，现在来看，这些ETF仍是投资者投资的良好选择。\n虽然其他一些基金和板块的形势可能不那么明朗，但考虑到拜登的计划提高了基建支出，因此这些相关的基金和板块应该能创造丰厚回报。MarketWatch与CFRA共同基金和ETF研究主管Todd Rosenbluth就一些想法进行了交流。\n宽带\n拜登政府此前发布计划概要，里面提到“宽带互联网就是新时代的电力。人们工作、充分参与课堂学习、接受医疗、保持与世界的联系等都要用到宽带。”\n就该板块的投资而言，Rosenbluth建议买入Defiance Next Gen Connectivity ETF(FIVG)。该基金持股的公司来自各个领域，这些公司都将受益于信息基建项目的开展。相关公司包括数据天线、路由器、移动网络运营商、卫星通信、云计算、光纤电缆、数据中心房地产投资信托基金会等。\nFIVG资产价值达到约11亿美元，收取30个基点的管理费用，该基金已成立了两年左右。\n另外一个选择是Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF(SRVR)。顾名思义，该基金的投资重点对象是用于构建宽带科技的房地产。值得注意的一点是，SRVR基金由各个房地产投资信托基金会组成，对投资者来说，这与其他股票相比有不同之处。\n水工程\n基建计划指出，“替换掉饮用水系统中的铅制管道，改善我们国家儿童和有色人种社区居民的健康。”\nRosenbluth表示“我原以为水工程是一个不引人注意的投资主题，但当我看到Power Shares水资源投资组合(PHO)这只ETF拥有15亿美元资产时，我感到非常惊喜。”\nRosenbluth认为，PHO的投资极其多样，投资组合包括水利、机械设备、工业、原材料等领域的公司。这些公司生产设备以改善水基础设施、生命科学工具等。\n他在访谈中表示，“此类ETF的另一个优势是它们“在本质上往往是跨行业的。”你投资的不仅涉及某个板块，还涉及到与设备和服务板块相关的更大的生态系统。\n需要注意的是，它与现有的传统基金组合不相匹配。该基金不能简单替代工业类ETF或追踪公用事业类ETF。但是该基金包含的方面很广，很适宜作为对现有投资组合的补充，对长线投资者来说尤为如此。”\nPHO收取的50个基点的费用也比很多其他ETF高，但是该基金已经上市16年了。\n清洁能源\n正如媒体在3月中旬所报道的那样，尽管清洁能源ETF在《美国就业计划》中占据了很重要的低位，而且油价也在持续上升，但是清洁能源板块的ETF最近几周都大幅下滑。\n当时，Rosenbluth告诉MarketWatch，“计划内提到的投资都是强劲的长期投资。”\n年初至今，很多备受青睐的清洁能源ETF在经历了2020年的一次大幅走高后都有严重下跌。其中市值最高的安硕环球清洁能源ETF(ICLN)下跌了近14%，而太阳能ETF-Guggenheim(TAN)则下跌了11%。\n清洁能源ETF在周三拜登基建计划公布后有所回升。随着相关立法的完善，还会有更大的上升空间。其他类似值得考虑的ETF包括First Trust Nasdaq Clean Edge Green Energy Index Fund(QCLN)和ALPS Clean Energy ETF(ACES)。\n交通运输\n基建计划不会立刻给交通运输板块带来提振，但是随着原料与人员通过飞机、火车、汽车等运输方式在全国范围内流动，交通运输行业也将间接受益。同时，随着公路、桥梁、机场等设施得到修缮，交通运输业也将受益。\nRosenbluth建议投资者考虑投资运输指数ETF-iShares(IYT)，或者SPDR标普交通运输ETF(XTN)。\nRosenbluth指出：“与那些修缮道路和基础设施的公司相比，这些基金似乎是后一个周期的受益者，因此属于长期投资。”\n鉴于它们的构成非常不同，投资者应该仔细研究这两种ETF的投资组合。例如，IYT前三大重仓股分别是，联邦快递(FDX)持股比例12%、Norfolk Southern Corp.(NSC)持股比例11%、Kansas City Southern(KSU)持股比例11%。\nKansas City Southern同时是XTN最大的重仓股，但也只占投资组合的3.2%；Avis Budget Group Inc.(CAR)是XTN第二大重仓股，占比2.9%；Expeditors International of Washington Inc.(EXPD) 是第三大重仓股，占比2.8%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847536777,"gmtCreate":1636533918892,"gmtModify":1636533918892,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"其他收益太亮眼了","listText":"其他收益太亮眼了","text":"其他收益太亮眼了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847536777","repostId":"1121590787","repostType":2,"repost":{"id":"1121590787","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636533454,"share":"https://www.laohu8.com/m/news/1121590787?lang=&edition=full","pubTime":"2021-11-10 16:37","market":"other","language":"zh","title":"腾讯：第三季度营收1,424亿元，净利润395亿元","url":"https://stock-news.laohu8.com/highlight/detail?id=1121590787","media":"老虎资讯综合","summary":"11月10日，腾讯发布财报，财报显示：第三季度营收1,424亿元人民币，市场预估1,454.1亿元人民币。第三季度调整后净利润317.5亿元人民币，分析师预估323.5亿元人民币。第三季度增值服务业务收入752亿元人民币，分析师预估759亿元人民币。截至9月30日，微信及WeChat的合并月活跃账户数达12.63亿，同比增长4.1%。腾讯控股：第三季度，受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。","content":"<p>11月10日，腾讯发布财报，财报显示：第三季度营收1,424亿元人民币，市场预估1,454.1亿元人民币。</p>\n<p>第三季度净利润395亿元人民币，市场预估326亿元人民币。</p>\n<p>第三季度调整后净利润317.5亿元人民币，分析师预估323.5亿元人民币。</p>\n<p>第三季度网络广告收入225亿元人民币，分析师预估245.6亿元人民币。</p>\n<p>第三季度增值服务业务收入752亿元人民币，分析师预估759亿元人民币。</p>\n<p>第三季度个人电脑客户端游戏收入117亿元人民币，分析师预估115.2亿元人民币。</p>\n<p>第三季度其他收益净额230亿元人民币，分析师预估92.5亿元人民币。</p>\n<p>截至9月30日，微信及WeChat的合并月活跃账户数达12.63亿，同比增长4.1%。</p>\n<p>腾讯控股：第三季度，受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。</p>\n<p>腾讯控股：于2021年9月，未成年人在我们本土市场游戏时长的占比为0.7%，较2020年9月的6.4%显著下降。于2021年9月，未成年人在我们本土市场游戏流水的占比为1.1%，亦较2020年9月的4.8%显著下降。<img src=\"https://static.tigerbbs.com/e66b9ee3615f9bdf820eb0374533ea3a\" tg-width=\"1058\" tg-height=\"785\" referrerpolicy=\"no-referrer\">就具体营收分部来看：<img src=\"https://static.tigerbbs.com/c1839c7dd9dbdfedf70efa36112c5a1c\" tg-width=\"1074\" tg-height=\"512\" width=\"100%\" height=\"auto\"></p>\n<p><b>增值服务业务</b></p>\n<p>二零二一年第三季的收入同比增长8%至人民币752亿元。</p>\n<p>受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。社交网络收入增长7%至人民币303亿元，乃由视频及音乐付费会员服务的相对快速增长以及直播和游戏道具销售的温和增长所推动。</p>\n<p><b>网络广告业务</b></p>\n<p>二零二一年第三季的收入同比增长5%至人民币225亿元，尽管教育、保险和游戏等行业的广告需求疲弱，但来自必需消费品及互联网服务等品类的广告主的稳健需求，以及合并易车的广告收入贡献，仍推动了广告收入的增长。在微信小程序及微信公众号的广告收入增长的推动下，社交及其他广告收入增长7%至人民币190亿元。媒体广告收入下降4%至人民币35亿元，主要是由于腾讯新闻应用的广告收入减少所致。</p>\n<p><b>金融科技及企业服务业务</b></p>\n<p>二零二一年第三季的收入同比增长30%至人民币433亿元。</p>\n<p>金融科技服务收入增长主要反映了商业支付金额的增加。企业服务收入同比健康增长，乃由于日益加深的传统产业的数字化及互联网行业的视频化趋势，以及合并易车的企业服务收入的贡献。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>腾讯：第三季度营收1,424亿元，净利润395亿元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n腾讯：第三季度营收1,424亿元，净利润395亿元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-11-10 16:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>11月10日，腾讯发布财报，财报显示：第三季度营收1,424亿元人民币，市场预估1,454.1亿元人民币。</p>\n<p>第三季度净利润395亿元人民币，市场预估326亿元人民币。</p>\n<p>第三季度调整后净利润317.5亿元人民币，分析师预估323.5亿元人民币。</p>\n<p>第三季度网络广告收入225亿元人民币，分析师预估245.6亿元人民币。</p>\n<p>第三季度增值服务业务收入752亿元人民币，分析师预估759亿元人民币。</p>\n<p>第三季度个人电脑客户端游戏收入117亿元人民币，分析师预估115.2亿元人民币。</p>\n<p>第三季度其他收益净额230亿元人民币，分析师预估92.5亿元人民币。</p>\n<p>截至9月30日，微信及WeChat的合并月活跃账户数达12.63亿，同比增长4.1%。</p>\n<p>腾讯控股：第三季度，受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。</p>\n<p>腾讯控股：于2021年9月，未成年人在我们本土市场游戏时长的占比为0.7%，较2020年9月的6.4%显著下降。于2021年9月，未成年人在我们本土市场游戏流水的占比为1.1%，亦较2020年9月的4.8%显著下降。<img src=\"https://static.tigerbbs.com/e66b9ee3615f9bdf820eb0374533ea3a\" tg-width=\"1058\" tg-height=\"785\" referrerpolicy=\"no-referrer\">就具体营收分部来看：<img src=\"https://static.tigerbbs.com/c1839c7dd9dbdfedf70efa36112c5a1c\" tg-width=\"1074\" tg-height=\"512\" width=\"100%\" height=\"auto\"></p>\n<p><b>增值服务业务</b></p>\n<p>二零二一年第三季的收入同比增长8%至人民币752亿元。</p>\n<p>受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。社交网络收入增长7%至人民币303亿元，乃由视频及音乐付费会员服务的相对快速增长以及直播和游戏道具销售的温和增长所推动。</p>\n<p><b>网络广告业务</b></p>\n<p>二零二一年第三季的收入同比增长5%至人民币225亿元，尽管教育、保险和游戏等行业的广告需求疲弱，但来自必需消费品及互联网服务等品类的广告主的稳健需求，以及合并易车的广告收入贡献，仍推动了广告收入的增长。在微信小程序及微信公众号的广告收入增长的推动下，社交及其他广告收入增长7%至人民币190亿元。媒体广告收入下降4%至人民币35亿元，主要是由于腾讯新闻应用的广告收入减少所致。</p>\n<p><b>金融科技及企业服务业务</b></p>\n<p>二零二一年第三季的收入同比增长30%至人民币433亿元。</p>\n<p>金融科技服务收入增长主要反映了商业支付金额的增加。企业服务收入同比健康增长，乃由于日益加深的传统产业的数字化及互联网行业的视频化趋势，以及合并易车的企业服务收入的贡献。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"00700":"腾讯控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121590787","content_text":"11月10日，腾讯发布财报，财报显示：第三季度营收1,424亿元人民币，市场预估1,454.1亿元人民币。\n第三季度净利润395亿元人民币，市场预估326亿元人民币。\n第三季度调整后净利润317.5亿元人民币，分析师预估323.5亿元人民币。\n第三季度网络广告收入225亿元人民币，分析师预估245.6亿元人民币。\n第三季度增值服务业务收入752亿元人民币，分析师预估759亿元人民币。\n第三季度个人电脑客户端游戏收入117亿元人民币，分析师预估115.2亿元人民币。\n第三季度其他收益净额230亿元人民币，分析师预估92.5亿元人民币。\n截至9月30日，微信及WeChat的合并月活跃账户数达12.63亿，同比增长4.1%。\n腾讯控股：第三季度，受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。\n腾讯控股：于2021年9月，未成年人在我们本土市场游戏时长的占比为0.7%，较2020年9月的6.4%显著下降。于2021年9月，未成年人在我们本土市场游戏流水的占比为1.1%，亦较2020年9月的4.8%显著下降。就具体营收分部来看：\n增值服务业务\n二零二一年第三季的收入同比增长8%至人民币752亿元。\n受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。社交网络收入增长7%至人民币303亿元，乃由视频及音乐付费会员服务的相对快速增长以及直播和游戏道具销售的温和增长所推动。\n网络广告业务\n二零二一年第三季的收入同比增长5%至人民币225亿元，尽管教育、保险和游戏等行业的广告需求疲弱，但来自必需消费品及互联网服务等品类的广告主的稳健需求，以及合并易车的广告收入贡献，仍推动了广告收入的增长。在微信小程序及微信公众号的广告收入增长的推动下，社交及其他广告收入增长7%至人民币190亿元。媒体广告收入下降4%至人民币35亿元，主要是由于腾讯新闻应用的广告收入减少所致。\n金融科技及企业服务业务\n二零二一年第三季的收入同比增长30%至人民币433亿元。\n金融科技服务收入增长主要反映了商业支付金额的增加。企业服务收入同比健康增长，乃由于日益加深的传统产业的数字化及互联网行业的视频化趋势，以及合并易车的企业服务收入的贡献。","news_type":1},"isVote":1,"tweetType":1,"viewCount":2406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854145034,"gmtCreate":1635430088781,"gmtModify":1635430088781,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"真好","listText":"真好","text":"真好","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854145034","repostId":"2167549520","repostType":2,"repost":{"id":"2167549520","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1631846400,"share":"https://www.laohu8.com/m/news/2167549520?lang=&edition=full","pubTime":"2021-09-17 10:40","market":"us","language":"en","title":"Why the $5.4 trillion ETF market faces its biggest crisis since inception","url":"https://stock-news.laohu8.com/highlight/detail?id=2167549520","media":"Dow Jones","summary":"Exchange-traded funds have been referred to as $one$ of the best financial innovations and the greatest success story in markets over the past few decades. There are many solid attributes to ETFs that are enjoyed by individual investors and institutions alike but one important benefit, the tax efficiency, could be stripped away from the funds, delivering a potentially blow to the industry experts told ETF Wrap.We're going to talk about the implications of a proposal coming out of Washington, D.C","content":"<p>Happy Thursday! Exchange-traded funds have been referred to as <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best financial innovations and the greatest success story in markets over the past few decades. There are many solid attributes to ETFs that are enjoyed by individual investors and institutions alike but one important benefit, the tax efficiency, could be stripped away from the funds, delivering a potentially blow to the industry experts told ETF Wrap.</p>\n<p>We're going to talk about the implications of a proposal coming out of Washington, D.C. that has raised the hackles among large and small ETF providers alike. We'll also touch on a new ETF on offer by Goldman Sachs that our colleague Christine Idzelis is reporting on.</p>\n<p>As per usual, send tips, or feedback, and find me on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> at @mdecambre to tell us what we need to be jumping on. Sign up here for ETF Wrap.</p>\n<p>The good and the bad</p>\n<table>\n <tbody>\n  <tr>\n   <td>Top 5 gainers of the past week</td>\n   <td>%Return</td>\n  </tr>\n  <tr>\n   <td>NorthShore Global Uranium Mining ETF URNM</td>\n   <td>15.1</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/URA\">Global X Uranium ETF</a> URA</td>\n   <td>9.2</td>\n  </tr>\n  <tr>\n   <td>VanEck Oil Services ETF OIH</td>\n   <td>3.9</td>\n  </tr>\n  <tr>\n   <td>VanEck Rare Earth/Strategic Metals ETFREMX</td>\n   <td>3.4</td>\n  </tr>\n  <tr>\n   <td>Invesco Dynamic Semiconductors ETF PSI</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet, through Wednesday, Sept. 15, excluding ETNs and leveraged products. Includes NYSE, Nasdaq and Cboe traded ETFs of $500 million or greater</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Top 5 decliners of the past week</td>\n   <td>% Return</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MSOS\">AdvisorShares Pure US Cannabis ETF</a> MSOS</td>\n   <td>-7.1</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/KWEB\">KraneShares CSI China Internet ETF</a> KWEB</td>\n   <td>-6.8</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MJX\">ETFMG Alternative Harvest ETF</a> MJ</td>\n   <td>-6.3</td>\n  </tr>\n  <tr>\n   <td>Emerging Markets Internet &amp; Ecommerce ETF EMQQ</td>\n   <td>-5.1</td>\n  </tr>\n  <tr>\n   <td>Invesco China Technology ETF CQQQ</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet</td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<p>An ETF death knell?</p>\n<p>U.S. Senate Finance Committee Chairman Ron Wyden's proposal aims to tax the ETF industry. As our readers well know, ETFs are a baskets of securities that are as easy to trade as a stock and appeal to average investors for its convenience if not also for its tax efficiency.</p>\n<p>ETFs avoid taxes with so-called in-kind transactions.</p>\n<p>The inherent tax efficiency of an ETF, which usually is constructed to mimic the performance of index and tends to be low-cost for that reason, is the direct result of the in-kind redemption of shares and creation of new ones. Currently, in-kind tax treatment is governed by section 852(b) (6) of the Internal Revenue Code, and provides that the creation of new ETF shares and the redemption of old ones isn't a taxable event.</p>\n<p>The process by which this occurs is complex and involves Authorized Participants, or APs, and market makers, but ETF Trends explains it best here:</p>\n<p>Wyden's current proposal. however, would result in funds passing on capital gains to millions of investors in ETFs, a rapidly growing segment of the U.S. market, boasting some $5.4 trillion in assets, as of the end of 2020, according to CFRA data. Mutual funds. meanwhile, with $20 trillion in assets, often pass along capital gains incurred throughout the year as they sell stocks or bonds to raise cash and meet redemptions.</p>\n<p>Industry lobbying group the Investment Company Institute, or ICI, in a Wednesday letter explained that \"the tax code's treatment of funds' in-kind redemptions helps prevent investors from incurring unexpected tax bills triggered by other investors' actions,\" but adding that the current rule \"still ensures that fund investors pay all the tax that they owe when they ultimately sell or redeem their shares.\"</p>\n<p>Todd Rosenbluth, head of ETF &amp; Mutual Fund Research, told ETF Wrap that the proposal if it gains further traction and becomes a law would \"be harmful to many Americans.\"</p>\n<p>\"The ability to limit and often avoid passing along capital gains to existing shareholders is one of the important benefits ETFs typically provide in addition to intraday liquidity, low expense ratios and daily transparency,\" he said.</p>\n<p>\"If ETFs no longer can utilize in-kind redemptions and loyal shareholders are taxed at year end for fund activity it would be a burden to many middle class investors,\" Rosenbluth said.</p>\n<p>Behemoth ETFs were up in arms over the proposal, which started to gain attention last Friday, one insider said.</p>\n<p>Invesco, one of the U.S.'s biggest ETF providers, said through a spokeswoman via email that the company \"strongly disagrees with the premise of the proposed legislation and believes that instead of resulting in additional taxation for the 'wealthy investors and mega-corporations,' it will actually hurt 'average' taxpayer that Congress is trying to protect.</p>\n<p>WSJ wrote that the proposed in-kind transaction tax are expected to generate $200 billion over a decade, based on estimates by the Joint Committee on Taxation.</p>\n<p>A call to Wyden's office on Thursday wasn't immediately returned.</p>\n<p>The battle is on</p>\n<p>Proponents of ETFs make the case that those funds have democratized access to the market, giving investors of all stripes the ability to gain access to areas and strategies that they would not easily get access to without paying hefty fees.</p>\n<p>Invesco makes the case that more than 50% of those born between 1981 and 1996 consider ETFs the primary investment type in their portfolios.</p>\n<p>Industry participants also argue that ETFs are being billed as an investment tool that solely benefit the wealthy. Advocates of ETFs also note that longer-term holders would likely see the greatest harm under the Wyden proposal.</p>\n<p>\"ETF shareholders mostly realize capital-gains taxes when they choose to sell their shares, so without protecting in-kind transactions from taxation, long-term investors would be hurt when others sell,\" Invesco wrote in a statement.</p>\n<p>BlackRock, a fund behemoth, said that the \"in-kind\" taxation proposal raises concerns for them.</p>\n<p>\"We would be concerned about policies that would raise costs and reduce returns for long-term investors and retirement savers, and are carefully reviewing Senator Wyden's proposal to better understand how it will impact millions of long-term investors,\" the company said.</p>\n<p>The ICI explained that Wyden's tax proposal is more harmful to ETFs than mutual funds, which also use in-kind redemptions and creations, because they do far more in-kind redemptions.</p>\n<p>\"ETF shares are created and redeemed in large blocks in transactions between funds and large financial institutions known as authorized participants,\" the ICI statement notes.</p>\n<p>ETFs are dead?</p>\n<p>Dave Nadig, director of research and CIO at ETF Trends, ETF Database, told ETF Wrap that although the proposal, if it is realized would represent \"a significant blow to the advantage ETFs have traditionally enjoyed vs. mutual funds,\" he sees ETFs still maintaining a number of benefits.</p>\n<p>Those benefits include \"generally cost, flexibility and tradability, transparency,\" wrote Nadig.</p>\n<p>\"So it's hardly a 'ETFs are dead' situation. It just removes one particular advantage,\" Nadig said.</p>\n<p>That said, while wealthy investors may be able to deal with the proposed tax changes, average Joes and Janes would be saddled with the burden of paying the added costs.</p>\n<p>\"I get that it's an attractive argument that we're 'taxing the rich' here, but honestly, the ETF brought a clean, well understood tax-advantaged structure to any investor with $100 and a Schwab account,\" he said.</p>\n<p>\"High net worth investors have always had access to structured products, LLCs, pass through entities and countless other structures to avoid near term gains inside a defined trading strategy,\" he said.</p>\n<p>Who owns ETFs</p>\n<p>According to the ICI, nearly 12 million U.S. households own ETFs. The median income of these households is $125,000 and 92% of all ETF-investing households make less than $400,000.</p>\n<p>Goldman's Cathie Wood killer?</p>\n<p>Goldman Sachs just launched an ETF targeting the next generation of technology companies, outside of the most popular companies already being bandied about. The fund sounds similar some of those on offer from Cathie Wood's roster of ARK Invest funds and perhaps is intended to take some market share from ARK with a target on lower-profile companies.</p>\n<p>MarketWatch colleague Christine Idzelis reports that the actively managed <a href=\"https://laohu8.com/S/GTEK\">Goldman Sachs Future Tech Leaders Equity ETF</a> (GTEK) will invest in listed companies with a market value of less than $100 billion and the fund will trade under the ticker symbol \"GTEK.\"</p>\n<p>\"We're now at a key inflection point where that innovation is expanding beyond the U.S. and down the market-cap spectrum,\" Sung Cho, a GTEK portfolio manager told MarketWatch.</p>\n<p>A number of fund providers have been attempting to ride the wave of new, groundbreaking technology. Less than a month ago, so-called The Future Fund LLC launched the actively managed Future Fund Active ETF <a href=\"https://laohu8.com/S/FFND\">$(FFND)$</a></p>\n<p>\"We're looking for transformational opportunities that could develop over the next several years.\" wrote David Kalis, CFA, partner at The Future Fund.</p>\n<p>The race to fee bottoms</p>\n<p>Rosenbluth notes that there are approximately 80 U.S. listed ETFs charging a minuscule fee of 0.05% or less. However, CFRA makes the case that fees shouldn't be the sole criteria that investors base their fund selections. The composition of the fund and the record are something to consider as well.</p>\n<p>\"CFRA believes all things being equal, investors should consider the cheap ETFs in a broad investment style. But with ETF investing, things are usually not equal,\" the analyst writes.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the $5.4 trillion ETF market faces its biggest crisis since inception</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the $5.4 trillion ETF market faces its biggest crisis since inception\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-17 10:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Happy Thursday! Exchange-traded funds have been referred to as <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best financial innovations and the greatest success story in markets over the past few decades. There are many solid attributes to ETFs that are enjoyed by individual investors and institutions alike but one important benefit, the tax efficiency, could be stripped away from the funds, delivering a potentially blow to the industry experts told ETF Wrap.</p>\n<p>We're going to talk about the implications of a proposal coming out of Washington, D.C. that has raised the hackles among large and small ETF providers alike. We'll also touch on a new ETF on offer by Goldman Sachs that our colleague Christine Idzelis is reporting on.</p>\n<p>As per usual, send tips, or feedback, and find me on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> at @mdecambre to tell us what we need to be jumping on. Sign up here for ETF Wrap.</p>\n<p>The good and the bad</p>\n<table>\n <tbody>\n  <tr>\n   <td>Top 5 gainers of the past week</td>\n   <td>%Return</td>\n  </tr>\n  <tr>\n   <td>NorthShore Global Uranium Mining ETF URNM</td>\n   <td>15.1</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/URA\">Global X Uranium ETF</a> URA</td>\n   <td>9.2</td>\n  </tr>\n  <tr>\n   <td>VanEck Oil Services ETF OIH</td>\n   <td>3.9</td>\n  </tr>\n  <tr>\n   <td>VanEck Rare Earth/Strategic Metals ETFREMX</td>\n   <td>3.4</td>\n  </tr>\n  <tr>\n   <td>Invesco Dynamic Semiconductors ETF PSI</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet, through Wednesday, Sept. 15, excluding ETNs and leveraged products. Includes NYSE, Nasdaq and Cboe traded ETFs of $500 million or greater</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Top 5 decliners of the past week</td>\n   <td>% Return</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MSOS\">AdvisorShares Pure US Cannabis ETF</a> MSOS</td>\n   <td>-7.1</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/KWEB\">KraneShares CSI China Internet ETF</a> KWEB</td>\n   <td>-6.8</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MJX\">ETFMG Alternative Harvest ETF</a> MJ</td>\n   <td>-6.3</td>\n  </tr>\n  <tr>\n   <td>Emerging Markets Internet &amp; Ecommerce ETF EMQQ</td>\n   <td>-5.1</td>\n  </tr>\n  <tr>\n   <td>Invesco China Technology ETF CQQQ</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet</td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<p>An ETF death knell?</p>\n<p>U.S. Senate Finance Committee Chairman Ron Wyden's proposal aims to tax the ETF industry. As our readers well know, ETFs are a baskets of securities that are as easy to trade as a stock and appeal to average investors for its convenience if not also for its tax efficiency.</p>\n<p>ETFs avoid taxes with so-called in-kind transactions.</p>\n<p>The inherent tax efficiency of an ETF, which usually is constructed to mimic the performance of index and tends to be low-cost for that reason, is the direct result of the in-kind redemption of shares and creation of new ones. Currently, in-kind tax treatment is governed by section 852(b) (6) of the Internal Revenue Code, and provides that the creation of new ETF shares and the redemption of old ones isn't a taxable event.</p>\n<p>The process by which this occurs is complex and involves Authorized Participants, or APs, and market makers, but ETF Trends explains it best here:</p>\n<p>Wyden's current proposal. however, would result in funds passing on capital gains to millions of investors in ETFs, a rapidly growing segment of the U.S. market, boasting some $5.4 trillion in assets, as of the end of 2020, according to CFRA data. Mutual funds. meanwhile, with $20 trillion in assets, often pass along capital gains incurred throughout the year as they sell stocks or bonds to raise cash and meet redemptions.</p>\n<p>Industry lobbying group the Investment Company Institute, or ICI, in a Wednesday letter explained that \"the tax code's treatment of funds' in-kind redemptions helps prevent investors from incurring unexpected tax bills triggered by other investors' actions,\" but adding that the current rule \"still ensures that fund investors pay all the tax that they owe when they ultimately sell or redeem their shares.\"</p>\n<p>Todd Rosenbluth, head of ETF &amp; Mutual Fund Research, told ETF Wrap that the proposal if it gains further traction and becomes a law would \"be harmful to many Americans.\"</p>\n<p>\"The ability to limit and often avoid passing along capital gains to existing shareholders is one of the important benefits ETFs typically provide in addition to intraday liquidity, low expense ratios and daily transparency,\" he said.</p>\n<p>\"If ETFs no longer can utilize in-kind redemptions and loyal shareholders are taxed at year end for fund activity it would be a burden to many middle class investors,\" Rosenbluth said.</p>\n<p>Behemoth ETFs were up in arms over the proposal, which started to gain attention last Friday, one insider said.</p>\n<p>Invesco, one of the U.S.'s biggest ETF providers, said through a spokeswoman via email that the company \"strongly disagrees with the premise of the proposed legislation and believes that instead of resulting in additional taxation for the 'wealthy investors and mega-corporations,' it will actually hurt 'average' taxpayer that Congress is trying to protect.</p>\n<p>WSJ wrote that the proposed in-kind transaction tax are expected to generate $200 billion over a decade, based on estimates by the Joint Committee on Taxation.</p>\n<p>A call to Wyden's office on Thursday wasn't immediately returned.</p>\n<p>The battle is on</p>\n<p>Proponents of ETFs make the case that those funds have democratized access to the market, giving investors of all stripes the ability to gain access to areas and strategies that they would not easily get access to without paying hefty fees.</p>\n<p>Invesco makes the case that more than 50% of those born between 1981 and 1996 consider ETFs the primary investment type in their portfolios.</p>\n<p>Industry participants also argue that ETFs are being billed as an investment tool that solely benefit the wealthy. Advocates of ETFs also note that longer-term holders would likely see the greatest harm under the Wyden proposal.</p>\n<p>\"ETF shareholders mostly realize capital-gains taxes when they choose to sell their shares, so without protecting in-kind transactions from taxation, long-term investors would be hurt when others sell,\" Invesco wrote in a statement.</p>\n<p>BlackRock, a fund behemoth, said that the \"in-kind\" taxation proposal raises concerns for them.</p>\n<p>\"We would be concerned about policies that would raise costs and reduce returns for long-term investors and retirement savers, and are carefully reviewing Senator Wyden's proposal to better understand how it will impact millions of long-term investors,\" the company said.</p>\n<p>The ICI explained that Wyden's tax proposal is more harmful to ETFs than mutual funds, which also use in-kind redemptions and creations, because they do far more in-kind redemptions.</p>\n<p>\"ETF shares are created and redeemed in large blocks in transactions between funds and large financial institutions known as authorized participants,\" the ICI statement notes.</p>\n<p>ETFs are dead?</p>\n<p>Dave Nadig, director of research and CIO at ETF Trends, ETF Database, told ETF Wrap that although the proposal, if it is realized would represent \"a significant blow to the advantage ETFs have traditionally enjoyed vs. mutual funds,\" he sees ETFs still maintaining a number of benefits.</p>\n<p>Those benefits include \"generally cost, flexibility and tradability, transparency,\" wrote Nadig.</p>\n<p>\"So it's hardly a 'ETFs are dead' situation. It just removes one particular advantage,\" Nadig said.</p>\n<p>That said, while wealthy investors may be able to deal with the proposed tax changes, average Joes and Janes would be saddled with the burden of paying the added costs.</p>\n<p>\"I get that it's an attractive argument that we're 'taxing the rich' here, but honestly, the ETF brought a clean, well understood tax-advantaged structure to any investor with $100 and a Schwab account,\" he said.</p>\n<p>\"High net worth investors have always had access to structured products, LLCs, pass through entities and countless other structures to avoid near term gains inside a defined trading strategy,\" he said.</p>\n<p>Who owns ETFs</p>\n<p>According to the ICI, nearly 12 million U.S. households own ETFs. The median income of these households is $125,000 and 92% of all ETF-investing households make less than $400,000.</p>\n<p>Goldman's Cathie Wood killer?</p>\n<p>Goldman Sachs just launched an ETF targeting the next generation of technology companies, outside of the most popular companies already being bandied about. The fund sounds similar some of those on offer from Cathie Wood's roster of ARK Invest funds and perhaps is intended to take some market share from ARK with a target on lower-profile companies.</p>\n<p>MarketWatch colleague Christine Idzelis reports that the actively managed <a href=\"https://laohu8.com/S/GTEK\">Goldman Sachs Future Tech Leaders Equity ETF</a> (GTEK) will invest in listed companies with a market value of less than $100 billion and the fund will trade under the ticker symbol \"GTEK.\"</p>\n<p>\"We're now at a key inflection point where that innovation is expanding beyond the U.S. and down the market-cap spectrum,\" Sung Cho, a GTEK portfolio manager told MarketWatch.</p>\n<p>A number of fund providers have been attempting to ride the wave of new, groundbreaking technology. Less than a month ago, so-called The Future Fund LLC launched the actively managed Future Fund Active ETF <a href=\"https://laohu8.com/S/FFND\">$(FFND)$</a></p>\n<p>\"We're looking for transformational opportunities that could develop over the next several years.\" wrote David Kalis, CFA, partner at The Future Fund.</p>\n<p>The race to fee bottoms</p>\n<p>Rosenbluth notes that there are approximately 80 U.S. listed ETFs charging a minuscule fee of 0.05% or less. However, CFRA makes the case that fees shouldn't be the sole criteria that investors base their fund selections. The composition of the fund and the record are something to consider as well.</p>\n<p>\"CFRA believes all things being equal, investors should consider the cheap ETFs in a broad investment style. But with ETF investing, things are usually not equal,\" the analyst writes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CQQQ":"中国科技指数ETF-Guggenheim","URNM":"Sprott Uranium Miners ETF","FFND":"The Future Fund Active ETF","PSI":"INVESCO SEMICONDUCTORS ETF","KWEB":"中国海外互联网ETF-KraneShares","REMX":"VanEck Rare Earth/Strategic Metals ETF","GTEK":"Goldman Sachs Future Tech Leaders Equity ETF","MJ":"Amplify Alternative Harvest ETF","URA":"Global X Uranium ETF","MSOS":"AdvisorShares Pure US Cannabis ETF","OIH":"石油服务ETF","EMQQ":"Emerging Markets Internet & Ecommerce ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167549520","content_text":"Happy Thursday! Exchange-traded funds have been referred to as one of the best financial innovations and the greatest success story in markets over the past few decades. There are many solid attributes to ETFs that are enjoyed by individual investors and institutions alike but one important benefit, the tax efficiency, could be stripped away from the funds, delivering a potentially blow to the industry experts told ETF Wrap.\nWe're going to talk about the implications of a proposal coming out of Washington, D.C. that has raised the hackles among large and small ETF providers alike. We'll also touch on a new ETF on offer by Goldman Sachs that our colleague Christine Idzelis is reporting on.\nAs per usual, send tips, or feedback, and find me on Twitter at @mdecambre to tell us what we need to be jumping on. Sign up here for ETF Wrap.\nThe good and the bad\n\n\n\nTop 5 gainers of the past week\n%Return\n\n\nNorthShore Global Uranium Mining ETF URNM\n15.1\n\n\nGlobal X Uranium ETF URA\n9.2\n\n\nVanEck Oil Services ETF OIH\n3.9\n\n\nVanEck Rare Earth/Strategic Metals ETFREMX\n3.4\n\n\nInvesco Dynamic Semiconductors ETF PSI\n\n\n\nSource: FactSet, through Wednesday, Sept. 15, excluding ETNs and leveraged products. Includes NYSE, Nasdaq and Cboe traded ETFs of $500 million or greater\n\n\n\nTop 5 decliners of the past week\n% Return\n\n\nAdvisorShares Pure US Cannabis ETF MSOS\n-7.1\n\n\nKraneShares CSI China Internet ETF KWEB\n-6.8\n\n\nETFMG Alternative Harvest ETF MJ\n-6.3\n\n\nEmerging Markets Internet & Ecommerce ETF EMQQ\n-5.1\n\n\nInvesco China Technology ETF CQQQ\n\n\n\nSource: FactSet\n\n\n\n\nAn ETF death knell?\nU.S. Senate Finance Committee Chairman Ron Wyden's proposal aims to tax the ETF industry. As our readers well know, ETFs are a baskets of securities that are as easy to trade as a stock and appeal to average investors for its convenience if not also for its tax efficiency.\nETFs avoid taxes with so-called in-kind transactions.\nThe inherent tax efficiency of an ETF, which usually is constructed to mimic the performance of index and tends to be low-cost for that reason, is the direct result of the in-kind redemption of shares and creation of new ones. Currently, in-kind tax treatment is governed by section 852(b) (6) of the Internal Revenue Code, and provides that the creation of new ETF shares and the redemption of old ones isn't a taxable event.\nThe process by which this occurs is complex and involves Authorized Participants, or APs, and market makers, but ETF Trends explains it best here:\nWyden's current proposal. however, would result in funds passing on capital gains to millions of investors in ETFs, a rapidly growing segment of the U.S. market, boasting some $5.4 trillion in assets, as of the end of 2020, according to CFRA data. Mutual funds. meanwhile, with $20 trillion in assets, often pass along capital gains incurred throughout the year as they sell stocks or bonds to raise cash and meet redemptions.\nIndustry lobbying group the Investment Company Institute, or ICI, in a Wednesday letter explained that \"the tax code's treatment of funds' in-kind redemptions helps prevent investors from incurring unexpected tax bills triggered by other investors' actions,\" but adding that the current rule \"still ensures that fund investors pay all the tax that they owe when they ultimately sell or redeem their shares.\"\nTodd Rosenbluth, head of ETF & Mutual Fund Research, told ETF Wrap that the proposal if it gains further traction and becomes a law would \"be harmful to many Americans.\"\n\"The ability to limit and often avoid passing along capital gains to existing shareholders is one of the important benefits ETFs typically provide in addition to intraday liquidity, low expense ratios and daily transparency,\" he said.\n\"If ETFs no longer can utilize in-kind redemptions and loyal shareholders are taxed at year end for fund activity it would be a burden to many middle class investors,\" Rosenbluth said.\nBehemoth ETFs were up in arms over the proposal, which started to gain attention last Friday, one insider said.\nInvesco, one of the U.S.'s biggest ETF providers, said through a spokeswoman via email that the company \"strongly disagrees with the premise of the proposed legislation and believes that instead of resulting in additional taxation for the 'wealthy investors and mega-corporations,' it will actually hurt 'average' taxpayer that Congress is trying to protect.\nWSJ wrote that the proposed in-kind transaction tax are expected to generate $200 billion over a decade, based on estimates by the Joint Committee on Taxation.\nA call to Wyden's office on Thursday wasn't immediately returned.\nThe battle is on\nProponents of ETFs make the case that those funds have democratized access to the market, giving investors of all stripes the ability to gain access to areas and strategies that they would not easily get access to without paying hefty fees.\nInvesco makes the case that more than 50% of those born between 1981 and 1996 consider ETFs the primary investment type in their portfolios.\nIndustry participants also argue that ETFs are being billed as an investment tool that solely benefit the wealthy. Advocates of ETFs also note that longer-term holders would likely see the greatest harm under the Wyden proposal.\n\"ETF shareholders mostly realize capital-gains taxes when they choose to sell their shares, so without protecting in-kind transactions from taxation, long-term investors would be hurt when others sell,\" Invesco wrote in a statement.\nBlackRock, a fund behemoth, said that the \"in-kind\" taxation proposal raises concerns for them.\n\"We would be concerned about policies that would raise costs and reduce returns for long-term investors and retirement savers, and are carefully reviewing Senator Wyden's proposal to better understand how it will impact millions of long-term investors,\" the company said.\nThe ICI explained that Wyden's tax proposal is more harmful to ETFs than mutual funds, which also use in-kind redemptions and creations, because they do far more in-kind redemptions.\n\"ETF shares are created and redeemed in large blocks in transactions between funds and large financial institutions known as authorized participants,\" the ICI statement notes.\nETFs are dead?\nDave Nadig, director of research and CIO at ETF Trends, ETF Database, told ETF Wrap that although the proposal, if it is realized would represent \"a significant blow to the advantage ETFs have traditionally enjoyed vs. mutual funds,\" he sees ETFs still maintaining a number of benefits.\nThose benefits include \"generally cost, flexibility and tradability, transparency,\" wrote Nadig.\n\"So it's hardly a 'ETFs are dead' situation. It just removes one particular advantage,\" Nadig said.\nThat said, while wealthy investors may be able to deal with the proposed tax changes, average Joes and Janes would be saddled with the burden of paying the added costs.\n\"I get that it's an attractive argument that we're 'taxing the rich' here, but honestly, the ETF brought a clean, well understood tax-advantaged structure to any investor with $100 and a Schwab account,\" he said.\n\"High net worth investors have always had access to structured products, LLCs, pass through entities and countless other structures to avoid near term gains inside a defined trading strategy,\" he said.\nWho owns ETFs\nAccording to the ICI, nearly 12 million U.S. households own ETFs. The median income of these households is $125,000 and 92% of all ETF-investing households make less than $400,000.\nGoldman's Cathie Wood killer?\nGoldman Sachs just launched an ETF targeting the next generation of technology companies, outside of the most popular companies already being bandied about. The fund sounds similar some of those on offer from Cathie Wood's roster of ARK Invest funds and perhaps is intended to take some market share from ARK with a target on lower-profile companies.\nMarketWatch colleague Christine Idzelis reports that the actively managed Goldman Sachs Future Tech Leaders Equity ETF (GTEK) will invest in listed companies with a market value of less than $100 billion and the fund will trade under the ticker symbol \"GTEK.\"\n\"We're now at a key inflection point where that innovation is expanding beyond the U.S. and down the market-cap spectrum,\" Sung Cho, a GTEK portfolio manager told MarketWatch.\nA number of fund providers have been attempting to ride the wave of new, groundbreaking technology. Less than a month ago, so-called The Future Fund LLC launched the actively managed Future Fund Active ETF $(FFND)$\n\"We're looking for transformational opportunities that could develop over the next several years.\" wrote David Kalis, CFA, partner at The Future Fund.\nThe race to fee bottoms\nRosenbluth notes that there are approximately 80 U.S. listed ETFs charging a minuscule fee of 0.05% or less. However, CFRA makes the case that fees shouldn't be the sole criteria that investors base their fund selections. The composition of the fund and the record are something to consider as well.\n\"CFRA believes all things being equal, investors should consider the cheap ETFs in a broad investment style. But with ETF investing, things are usually not equal,\" the analyst writes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858631103,"gmtCreate":1635042686122,"gmtModify":1635042686122,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"好文","listText":"好文","text":"好文","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/858631103","repostId":"851681374","repostType":1,"repost":{"id":851681374,"gmtCreate":1634903240237,"gmtModify":1634950642491,"author":{"id":"3558937605407666","authorId":"3558937605407666","name":"46d9935c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558937605407666","authorIdStr":"3558937605407666"},"themes":[],"title":"新加坡银行股的主要驱动因素","htmlText":"新加坡银行好好啊[财迷]&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/D05.SI\">$星展集团控股(D05.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/O39.SI\">$华侨银行(O39.SI)$</a>&nbsp;和<a target=\"_blank\" href=\"https://laohu8.com/S/U11.SI\">$大华银行(U11.SI)$</a>&nbsp;是东南亚三大银行。各个银行在东南亚有多元化跨境业务如私行，资产管理，公司和个人贷款，投行等等服务。三大银行的股息也挺大的。在过去五年三家平均股息回报率为4.3%[得意]&nbsp;3.8%[财迷]&nbsp;和3.7%[可爱]&nbsp;真的不错。三家也是<a target=\"_blank\" href=\"https://laohu8.com/S/S68.SI\">$新加坡交易所(S68.SI)$</a>&nbsp;市值最大的公司，所以他们是海指关键成分股，海指ETF是<a target=\"_blank\" href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>&nbsp;[开心]&nbsp;投资这些业务保守，收入分散的银行时，大家什么都不要做，只要等到股息到账[暗中观察]&nbsp;别忘记了新加坡对投资者很友好，就没有资本利得税，也对股息没有任何税或预扣。欢迎各位看一看新加坡交易所官方文章关于国家三大银行。 在全球范围内，银行板块是2021年迄今表现最为强劲的股票板块之一，与能源板块录得相似回报。在新加坡，星展银行、华侨银行和大华银行在过去20年间跻身东盟地区十大银行股之列，2021年迄今的平均总回报率为23%。 对利率","listText":"新加坡银行好好啊[财迷]&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/D05.SI\">$星展集团控股(D05.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/O39.SI\">$华侨银行(O39.SI)$</a>&nbsp;和<a target=\"_blank\" href=\"https://laohu8.com/S/U11.SI\">$大华银行(U11.SI)$</a>&nbsp;是东南亚三大银行。各个银行在东南亚有多元化跨境业务如私行，资产管理，公司和个人贷款，投行等等服务。三大银行的股息也挺大的。在过去五年三家平均股息回报率为4.3%[得意]&nbsp;3.8%[财迷]&nbsp;和3.7%[可爱]&nbsp;真的不错。三家也是<a target=\"_blank\" href=\"https://laohu8.com/S/S68.SI\">$新加坡交易所(S68.SI)$</a>&nbsp;市值最大的公司，所以他们是海指关键成分股，海指ETF是<a target=\"_blank\" href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>&nbsp;[开心]&nbsp;投资这些业务保守，收入分散的银行时，大家什么都不要做，只要等到股息到账[暗中观察]&nbsp;别忘记了新加坡对投资者很友好，就没有资本利得税，也对股息没有任何税或预扣。欢迎各位看一看新加坡交易所官方文章关于国家三大银行。 在全球范围内，银行板块是2021年迄今表现最为强劲的股票板块之一，与能源板块录得相似回报。在新加坡，星展银行、华侨银行和大华银行在过去20年间跻身东盟地区十大银行股之列，2021年迄今的平均总回报率为23%。 对利率","text":"新加坡银行好好啊[财迷] $星展集团控股(D05.SI)$ $华侨银行(O39.SI)$ 和$大华银行(U11.SI)$ 是东南亚三大银行。各个银行在东南亚有多元化跨境业务如私行，资产管理，公司和个人贷款，投行等等服务。三大银行的股息也挺大的。在过去五年三家平均股息回报率为4.3%[得意] 3.8%[财迷] 和3.7%[可爱] 真的不错。三家也是$新加坡交易所(S68.SI)$ 市值最大的公司，所以他们是海指关键成分股，海指ETF是$STI ETF(ES3.SI)$ [开心] 投资这些业务保守，收入分散的银行时，大家什么都不要做，只要等到股息到账[暗中观察] 别忘记了新加坡对投资者很友好，就没有资本利得税，也对股息没有任何税或预扣。欢迎各位看一看新加坡交易所官方文章关于国家三大银行。 在全球范围内，银行板块是2021年迄今表现最为强劲的股票板块之一，与能源板块录得相似回报。在新加坡，星展银行、华侨银行和大华银行在过去20年间跻身东盟地区十大银行股之列，2021年迄今的平均总回报率为23%。 对利率","images":[{"img":"https://static.tigerbbs.com/844f36048be5378ce4d452ef21d6618a","width":"612","height":"1096"},{"img":"https://static.tigerbbs.com/41fc953dc026c8f3529a591143044f48","width":"688","height":"287"},{"img":"https://static.tigerbbs.com/373d638ad28b8aa2916b1bdd102d798d","width":"688","height":"546"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851681374","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2071,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853830388,"gmtCreate":1634786252547,"gmtModify":1634786252547,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BITO\">$ProShares Bitcoin Strategy ETF(BITO)$</a>留存备份","listText":"<a href=\"https://laohu8.com/S/BITO\">$ProShares Bitcoin Strategy ETF(BITO)$</a>留存备份","text":"$ProShares Bitcoin Strategy ETF(BITO)$留存备份","images":[{"img":"https://static.tigerbbs.com/4dd2a41f369d388d1385bde33cf29b19","width":"1125","height":"3135"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853830388","isVote":1,"tweetType":1,"viewCount":2810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":853897795,"gmtCreate":1634786235908,"gmtModify":1634786235908,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/FUT/BTCmain\">$CME比特币主连 2110(BTCmain)$&nbsp;</a>留存备份","listText":"<a href=\"https://laohu8.com/FUT/BTCmain\">$CME比特币主连 2110(BTCmain)$&nbsp;</a>留存备份","text":"$CME比特币主连 2110(BTCmain)$ 留存备份","images":[{"img":"https://static.tigerbbs.com/aa0db689cbc5aa6763e02d02993b0a75","width":"1125","height":"1827"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853897795","isVote":1,"tweetType":1,"viewCount":2281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":859501633,"gmtCreate":1634706484408,"gmtModify":1634706484408,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"印钞机只能说是","listText":"印钞机只能说是","text":"印钞机只能说是","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/859501633","repostId":"1137961570","repostType":2,"repost":{"id":"1137961570","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1634706157,"share":"https://www.laohu8.com/m/news/1137961570?lang=&edition=full","pubTime":"2021-10-20 13:02","market":"other","language":"zh","title":"阿斯麦Q3营收52.41亿欧元，净利润17.4亿欧元","url":"https://stock-news.laohu8.com/highlight/detail?id=1137961570","media":"老虎资讯综合","summary":"10月20日，阿斯麦发布2021年第三季度业绩。财报显示，第三季度营收52.41亿欧元，市场预期52.96亿欧元，去年同期39.586亿欧元；第三季度净利润17.4亿欧元，市场预期16.07亿欧元，去","content":"<p>10月20日，<a href=\"https://laohu8.com/S/ASML\">阿斯麦</a>发布2021年第三季度业绩。财报显示，第三季度营收52.41亿欧元，市场预期52.96亿欧元，去年同期39.586亿欧元；第三季度净利润17.4亿欧元，市场预期16.07亿欧元，去年同期10.62亿欧元；第三季度每股盈利4.27欧元，市场预期盈利3.93欧元，去年同期盈利2.53欧元。</p>\n<p><img src=\"https://static.tigerbbs.com/b5f82949c151db44049e2c8bcaf0b8cb\" tg-width=\"1138\" tg-height=\"767\" referrerpolicy=\"no-referrer\"></p>\n<p>预计第四季度净销售额为49亿欧元至52亿欧元，市场预期为52.3亿欧元；预计第四季度毛利率为51%-52%。</p>\n<p>阿斯麦总裁兼首席执行官：今年全年，我们将实现接近35%的增长。</p>\n<p><img src=\"https://static.tigerbbs.com/5618f6002a4f654c34cc481e00b60ba2\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>阿斯麦Q3营收52.41亿欧元，净利润17.4亿欧元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n阿斯麦Q3营收52.41亿欧元，净利润17.4亿欧元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-10-20 13:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>10月20日，<a href=\"https://laohu8.com/S/ASML\">阿斯麦</a>发布2021年第三季度业绩。财报显示，第三季度营收52.41亿欧元，市场预期52.96亿欧元，去年同期39.586亿欧元；第三季度净利润17.4亿欧元，市场预期16.07亿欧元，去年同期10.62亿欧元；第三季度每股盈利4.27欧元，市场预期盈利3.93欧元，去年同期盈利2.53欧元。</p>\n<p><img src=\"https://static.tigerbbs.com/b5f82949c151db44049e2c8bcaf0b8cb\" tg-width=\"1138\" tg-height=\"767\" referrerpolicy=\"no-referrer\"></p>\n<p>预计第四季度净销售额为49亿欧元至52亿欧元，市场预期为52.3亿欧元；预计第四季度毛利率为51%-52%。</p>\n<p>阿斯麦总裁兼首席执行官：今年全年，我们将实现接近35%的增长。</p>\n<p><img src=\"https://static.tigerbbs.com/5618f6002a4f654c34cc481e00b60ba2\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8b5925995e7b9f0e0f28724e9322d253","relate_stocks":{"EUO":"欧元ETF-ProShares两倍做空","ASML":"阿斯麦","FXE":"欧元做多ETF-CurrencyShares","03165":"华夏欧优股对冲"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137961570","content_text":"10月20日，阿斯麦发布2021年第三季度业绩。财报显示，第三季度营收52.41亿欧元，市场预期52.96亿欧元，去年同期39.586亿欧元；第三季度净利润17.4亿欧元，市场预期16.07亿欧元，去年同期10.62亿欧元；第三季度每股盈利4.27欧元，市场预期盈利3.93欧元，去年同期盈利2.53欧元。\n\n预计第四季度净销售额为49亿欧元至52亿欧元，市场预期为52.3亿欧元；预计第四季度毛利率为51%-52%。\n阿斯麦总裁兼首席执行官：今年全年，我们将实现接近35%的增长。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":888936175,"gmtCreate":1631420354297,"gmtModify":1631420354297,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3557215486965171","authorIdStr":"3557215486965171"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888936175","repostId":"883237008","repostType":1,"repost":{"id":883237008,"gmtCreate":1631242584304,"gmtModify":1631406520169,"author":{"id":"3568564821331838","authorId":"3568564821331838","name":"牧财鲸_踩不到热点版","avatar":"https://static.tigerbbs.com/0696d009cfc0d2b729160bd74e366dd8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568564821331838","authorIdStr":"3568564821331838"},"themes":[],"title":"如何系统地学习投资——史上最精华的投资学习书单 2.0","htmlText":"<a href=\"https://laohu8.com/TW/812639139\" target=\"_blank\">秋天正是读书天，老虎读书节正在进行中！</a> 这篇文章是对一年前写的投资书单做一个版本大更新。主要是补充最近一年读的不少好书和之前读过但漏掉的好书，同时之前一直有鲸友在询问学习短线，期权的书籍，今天也会一并补充进去。 毫不含糊的说，投资类的书籍这些年我读了不下百来本。但有很多都是滥竽充数，浪费了我很多时间，也踩了不少雷。 所以下面这篇我精心挑选的投资书单主要有两个效用：一个是帮你节省踩雷会浪费的时间，绕过那些滥竽充数的书；另一个就是让你更体系化的学习投资，分门别类，降低学习难度。 那我们正式开始。 第一道门：入门 投资首先要学会的就是如何和钱打交道。所以学会如何花钱，管钱就是第一道门。 这一步我推荐： 《富爸爸穷爸爸》《读懂金融的第一本书》《财务自由之路》（舍费尔） 2021添加：《贫穷的本质》 不推荐：《小狗钱钱》以及《富爸爸》其他系列。 原因是《小狗钱钱》的文风更适合启蒙阶段的小孩而不是成年人。《富爸爸》同系列讲的理念都基本相同，所以只用读《富爸爸穷爸爸》这一本就足够了。 第二道门：初识 在你熟悉了“钱”之后，你就可以进一步认识“投资”。 基金和股票可以说是投资领域偏简单的。我们先从简单的入手，下面推荐的会更偏向于股票投资。 这一步我推荐： 《巴菲特致股东的信》《穷查理宝典》《安全边际》《证券分析》《聪明的投资者》 2021添加：《价值》（张磊）《怎样选择成长股》（费雪） 其中《证券分析》《聪明的投资者》没有太多时间研究的可以暂时跳过。这两本都是价值投资之父本杰明格雷厄姆的书。 首先就我个人的投资经验来说，在《聪明的投资者》书中，格雷厄姆的核心——“捡烟蒂”选股方法可能已经过时。查理芒格也曾说，现在已经不是格雷厄姆“捡烟蒂”的那个时代，市场已经变","listText":"<a href=\"https://laohu8.com/TW/812639139\" target=\"_blank\">秋天正是读书天，老虎读书节正在进行中！</a> 这篇文章是对一年前写的投资书单做一个版本大更新。主要是补充最近一年读的不少好书和之前读过但漏掉的好书，同时之前一直有鲸友在询问学习短线，期权的书籍，今天也会一并补充进去。 毫不含糊的说，投资类的书籍这些年我读了不下百来本。但有很多都是滥竽充数，浪费了我很多时间，也踩了不少雷。 所以下面这篇我精心挑选的投资书单主要有两个效用：一个是帮你节省踩雷会浪费的时间，绕过那些滥竽充数的书；另一个就是让你更体系化的学习投资，分门别类，降低学习难度。 那我们正式开始。 第一道门：入门 投资首先要学会的就是如何和钱打交道。所以学会如何花钱，管钱就是第一道门。 这一步我推荐： 《富爸爸穷爸爸》《读懂金融的第一本书》《财务自由之路》（舍费尔） 2021添加：《贫穷的本质》 不推荐：《小狗钱钱》以及《富爸爸》其他系列。 原因是《小狗钱钱》的文风更适合启蒙阶段的小孩而不是成年人。《富爸爸》同系列讲的理念都基本相同，所以只用读《富爸爸穷爸爸》这一本就足够了。 第二道门：初识 在你熟悉了“钱”之后，你就可以进一步认识“投资”。 基金和股票可以说是投资领域偏简单的。我们先从简单的入手，下面推荐的会更偏向于股票投资。 这一步我推荐： 《巴菲特致股东的信》《穷查理宝典》《安全边际》《证券分析》《聪明的投资者》 2021添加：《价值》（张磊）《怎样选择成长股》（费雪） 其中《证券分析》《聪明的投资者》没有太多时间研究的可以暂时跳过。这两本都是价值投资之父本杰明格雷厄姆的书。 首先就我个人的投资经验来说，在《聪明的投资者》书中，格雷厄姆的核心——“捡烟蒂”选股方法可能已经过时。查理芒格也曾说，现在已经不是格雷厄姆“捡烟蒂”的那个时代，市场已经变","text":"秋天正是读书天，老虎读书节正在进行中！ 这篇文章是对一年前写的投资书单做一个版本大更新。主要是补充最近一年读的不少好书和之前读过但漏掉的好书，同时之前一直有鲸友在询问学习短线，期权的书籍，今天也会一并补充进去。 毫不含糊的说，投资类的书籍这些年我读了不下百来本。但有很多都是滥竽充数，浪费了我很多时间，也踩了不少雷。 所以下面这篇我精心挑选的投资书单主要有两个效用：一个是帮你节省踩雷会浪费的时间，绕过那些滥竽充数的书；另一个就是让你更体系化的学习投资，分门别类，降低学习难度。 那我们正式开始。 第一道门：入门 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CALL(TIGR)$膨胀了，还好我拿住了，感谢老虎","images":[{"img":"https://static.tigerbbs.com/134853ff820f0ef7e6fc96af3505f7c1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/335469290","isVote":1,"tweetType":1,"viewCount":1024,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":636591810,"gmtCreate":1645972325036,"gmtModify":1645972325036,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"大招就是俄罗斯发射核弹","listText":"大招就是俄罗斯发射核弹","text":"大招就是俄罗斯发射核弹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/636591810","repostId":"1151145774","repostType":2,"repost":{"id":"1151145774","pubTimestamp":1645961889,"share":"https://www.laohu8.com/m/news/1151145774?lang=&edition=full","pubTime":"2022-02-27 19:38","market":"us","language":"zh","title":"隐秘的“金融战场”：欧美放大招对付俄罗斯，胜算几何","url":"https://stock-news.laohu8.com/highlight/detail?id=1151145774","media":"华尔街见闻","summary":"正面战场上，俄乌军队激战正酣；隐秘的角落里，金融战正如火如荼。","content":"<html><head></head><body><p>作者：高智谋</p><p><b>正面战场上，俄乌军队激战正酣；隐秘的角落里，金融战正如火如荼。</b></p><p>2月22日-24日，西方各国对俄罗斯先后发起了两波制裁，在金融方面，对俄罗斯进行了资产冻结、制裁主权债等手段；在贸易方面，动用了出口管制、限制俄高科技行业等武器。两波制裁相继宣布后，相关分析指出：力度完全不够，与拜登承诺的“迅速、严厉和前所未有”的制裁相去甚远。</p><p>到了2月26日晚间，美国、欧盟、英国和加拿大等西方大国突然发表联合声明，宣布禁止俄罗斯央行及几家俄主要银行使用SWIFT系统。</p><p><b>这枚金融制裁“核按钮”，终于被按下。</b></p><p>不仅如此，金融战场上的西方猎人们，如今还把“猎杀”的目标对准了俄罗斯的央行以及俄庞大的外汇储备。</p><p>对于俄罗斯这般体量的经济体而言，央行受到如此级别的打击是前所未有的事件。<b>“SWIFT大招”制裁央行，目的在于防止俄罗斯央行通过动用国际储备来降低制裁效果，</b>这对俄罗斯金融系统抗击“超级黑天鹅”风险能力可谓是一次“真正考验”。</p><p>“金融核弹”SWIFT——杀敌一千，自损八百</p><p>华尔街见闻此前曾介绍，作为国际银行间同业自发合作的非营利组织，SWIFT的足迹几乎遍布全球，全世界几乎所有重要的金融机构都是该机构的成员，打造出了当下国际最普及、最安全、最便捷的汇兑体系。简而言之，SWIFT就是目前国际金融机构间传递金融信息的一个主要渠道。</p><p>历史上，SWIFT曾多次沦为美国对他国发起金融制裁的工具。不过，在这个油价高企、天然气价格飙升、欧美各国通胀爆表的时代，美国对是否将俄罗斯踢出SWIFT系统的决定一直十分谨慎。</p><p>关于SWIFT的起源、威力、西方各国此前的态度及俄罗斯的对策，华尔街见闻在前文《威胁把俄罗斯除名的SWIFT，凭啥这么牛？》已做过详细陈述，不再赘述。下面，我们将目光转向西方金融制裁的新对象——俄罗斯庞大的外汇储备。</p><p>限制俄罗斯央行，攻击俄外储“要塞”，胜算几何？</p><p>新闻稿不起眼的角度里，欧美在“SWIFT打击名单”中带上了俄央行，但这却是极其“严厉”的一招，目的在于防止俄罗斯央行通过动用“充裕的”外汇储备来降低制裁效果。</p><p>26日晚间，一位美国政府高级官员在接受《卫报》采访时表示：</p><blockquote>“俄罗斯拥有的6300亿美元外储‘要塞’令人印象深刻，但俄罗斯必须能够出售这些储备并购买卢布来支撑其货币。所以，我们要做的就是解除中央银行的武装。”</blockquote><p>谈及如何做到这一点，他进一步解释称：</p><blockquote>“例如，我们可以禁止美国、欧盟、英国人向俄罗斯中央银行出售卢布。这将导致俄罗斯中央银行完全无法有效支撑卢布，这意味着我们的制裁将具有更大的力量。”</blockquote><p>据统计，截至2022年1月14日，俄罗斯的外汇储备总额达到6302.07亿美金，为历史最高。</p><p><img src=\"https://static.tigerbbs.com/e732bc3dfdbc751f2cd9e01272de64cb\" tg-width=\"707\" tg-height=\"327\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>图源：tradingeconomics</p><p><b>不过，“受制裁经验丰富”的俄罗斯也不是毫无防备。</b>2008年金融危机以来，为实施去美元化，俄罗斯制定了完整的策略，采取了减少美元直接使用、降低在外汇储备中的比例、大幅抛售美国国债、拓展非美元融资、增持黄金、建立本国的支付系统和金融信息交换系统等去美元化措施。一系列举措不仅提高了去美元化程度，同时也增使得金融系统应对风险能力不断增强。</p><p>对于俄罗斯应对措施的收效<b>，</b>中国社科院俄罗斯东欧中亚研究所副研究员许文鸿在《去美元化：俄罗斯在俄美金融战中的反击》一文中总结如下：</p><blockquote><b>（1）直接减少美元的使用：</b></blockquote><blockquote>自2013年以来，俄央行采取措施，降低美元在俄罗斯国内外的汇款中的比例。截至2018年9月，俄罗斯银行个人和企业持有的外币存款比例已从2016年的37%峰值降至26%。</blockquote><blockquote><b>（2）减少在国际结算中使用美元：</b></blockquote><blockquote>减少在国际结算中使用美元。俄罗斯经济发展部制定了在外贸领域去美元化的方案，美元在俄外贸结算中的作用正在逐步降低。仅在2019 年上半年，美元结算份额就从2018 年的54.8%下降为51.2%。</blockquote><blockquote><b>（3）降低美元在外汇储备中的占比：</b></blockquote><blockquote>在2018年3月之前，美元一直是俄罗斯央行最重要的外汇储备之一，占比曾高达43%～48%。随后为降低被制裁风险，俄央行开始不断减少美元在外汇储备中的占比。<b>俄在降低美元储备的同时，提高欧元的比例，欧元替代了美元在俄国际储备货币和国际贸易结算货币中的部分份额。</b></blockquote><blockquote>到2020年年底，美元以及美元资产在俄罗斯国际储备中的占比已降至21.2%，黄金和人民币占比提升至23.3%、12.8%。<b>值得一提的是，许文鸿预计，俄罗斯央行可能是中国国债最大的投资者，其总储备持有量中有近三分之一的储备可能以人民币计价。</b></blockquote><blockquote><b>（4）抛售美国国债：</b></blockquote><blockquote>据美国财政部最新公布的数据，2021年2月，俄罗斯几乎完全清空了美国长期国债(只剩3.06亿美元) ，当月减持美债3.89亿美元，最终持仓规模降到58亿美元，相比俄罗斯最高持有的美债，累计抛售比例达到94%。俄罗斯不仅抛售美债，而且今后将不再购买美元债务。</blockquote><blockquote><b>（5）增加黄金持有量：</b></blockquote><blockquote>俄罗斯在大幅减持美债的同时不断增持黄金，目前其黄金储备达到2271.2吨(约7300万盎司)，占俄外汇储备的19.9%，在世界各国黄金储备排名中居第五位。此外，俄罗斯国内的黄金开采量也大幅度增加。</blockquote><blockquote>值得一提的是，不同于世界上其他国家将黄金储存在美国，出于对美国的不信任，俄罗斯在美国没有黄金储存<b>，俄罗斯的黄金都储藏在俄央行在莫斯科的仓库里。</b></blockquote><blockquote><b>此外，俄罗斯在拓展非美元融资渠道、货币互换与本币结算、建立本国的支付系统和金融信息交换系统等一系列方面皆收到了不错的成效。</b></blockquote><p><b>上述结论可看出，如今俄罗斯的外汇储备已相当多元化、对美元依赖程度已大幅降低，同时还将大量黄金储备在莫斯科。</b>一定程度上，充足的准备帮助俄罗斯构建起了强大的金融“要塞”。</p><p>那么，意欲攻占这座“要塞”的西方金融猎人们，胜算究竟有几何呢？</p></body></html>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n隐秘的“金融战场”：欧美放大招对付俄罗斯，胜算几何\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-27 19:38 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3652907><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者：高智谋正面战场上，俄乌军队激战正酣；隐秘的角落里，金融战正如火如荼。2月22日-24日，西方各国对俄罗斯先后发起了两波制裁，在金融方面，对俄罗斯进行了资产冻结、制裁主权债等手段；在贸易方面，动用了出口管制、限制俄高科技行业等武器。两波制裁相继宣布后，相关分析指出：力度完全不够，与拜登承诺的“迅速、严厉和前所未有”的制裁相去甚远。到了2月26日晚间，美国、欧盟、英国和加拿大等西方大国突然发表...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3652907\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d0f100ea564a5266a968245cbcfe466f","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3652907","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1151145774","content_text":"作者：高智谋正面战场上，俄乌军队激战正酣；隐秘的角落里，金融战正如火如荼。2月22日-24日，西方各国对俄罗斯先后发起了两波制裁，在金融方面，对俄罗斯进行了资产冻结、制裁主权债等手段；在贸易方面，动用了出口管制、限制俄高科技行业等武器。两波制裁相继宣布后，相关分析指出：力度完全不够，与拜登承诺的“迅速、严厉和前所未有”的制裁相去甚远。到了2月26日晚间，美国、欧盟、英国和加拿大等西方大国突然发表联合声明，宣布禁止俄罗斯央行及几家俄主要银行使用SWIFT系统。这枚金融制裁“核按钮”，终于被按下。不仅如此，金融战场上的西方猎人们，如今还把“猎杀”的目标对准了俄罗斯的央行以及俄庞大的外汇储备。对于俄罗斯这般体量的经济体而言，央行受到如此级别的打击是前所未有的事件。“SWIFT大招”制裁央行，目的在于防止俄罗斯央行通过动用国际储备来降低制裁效果，这对俄罗斯金融系统抗击“超级黑天鹅”风险能力可谓是一次“真正考验”。“金融核弹”SWIFT——杀敌一千，自损八百华尔街见闻此前曾介绍，作为国际银行间同业自发合作的非营利组织，SWIFT的足迹几乎遍布全球，全世界几乎所有重要的金融机构都是该机构的成员，打造出了当下国际最普及、最安全、最便捷的汇兑体系。简而言之，SWIFT就是目前国际金融机构间传递金融信息的一个主要渠道。历史上，SWIFT曾多次沦为美国对他国发起金融制裁的工具。不过，在这个油价高企、天然气价格飙升、欧美各国通胀爆表的时代，美国对是否将俄罗斯踢出SWIFT系统的决定一直十分谨慎。关于SWIFT的起源、威力、西方各国此前的态度及俄罗斯的对策，华尔街见闻在前文《威胁把俄罗斯除名的SWIFT，凭啥这么牛？》已做过详细陈述，不再赘述。下面，我们将目光转向西方金融制裁的新对象——俄罗斯庞大的外汇储备。限制俄罗斯央行，攻击俄外储“要塞”，胜算几何？新闻稿不起眼的角度里，欧美在“SWIFT打击名单”中带上了俄央行，但这却是极其“严厉”的一招，目的在于防止俄罗斯央行通过动用“充裕的”外汇储备来降低制裁效果。26日晚间，一位美国政府高级官员在接受《卫报》采访时表示：“俄罗斯拥有的6300亿美元外储‘要塞’令人印象深刻，但俄罗斯必须能够出售这些储备并购买卢布来支撑其货币。所以，我们要做的就是解除中央银行的武装。”谈及如何做到这一点，他进一步解释称：“例如，我们可以禁止美国、欧盟、英国人向俄罗斯中央银行出售卢布。这将导致俄罗斯中央银行完全无法有效支撑卢布，这意味着我们的制裁将具有更大的力量。”据统计，截至2022年1月14日，俄罗斯的外汇储备总额达到6302.07亿美金，为历史最高。图源：tradingeconomics不过，“受制裁经验丰富”的俄罗斯也不是毫无防备。2008年金融危机以来，为实施去美元化，俄罗斯制定了完整的策略，采取了减少美元直接使用、降低在外汇储备中的比例、大幅抛售美国国债、拓展非美元融资、增持黄金、建立本国的支付系统和金融信息交换系统等去美元化措施。一系列举措不仅提高了去美元化程度，同时也增使得金融系统应对风险能力不断增强。对于俄罗斯应对措施的收效，中国社科院俄罗斯东欧中亚研究所副研究员许文鸿在《去美元化：俄罗斯在俄美金融战中的反击》一文中总结如下：（1）直接减少美元的使用：自2013年以来，俄央行采取措施，降低美元在俄罗斯国内外的汇款中的比例。截至2018年9月，俄罗斯银行个人和企业持有的外币存款比例已从2016年的37%峰值降至26%。（2）减少在国际结算中使用美元：减少在国际结算中使用美元。俄罗斯经济发展部制定了在外贸领域去美元化的方案，美元在俄外贸结算中的作用正在逐步降低。仅在2019 年上半年，美元结算份额就从2018 年的54.8%下降为51.2%。（3）降低美元在外汇储备中的占比：在2018年3月之前，美元一直是俄罗斯央行最重要的外汇储备之一，占比曾高达43%～48%。随后为降低被制裁风险，俄央行开始不断减少美元在外汇储备中的占比。俄在降低美元储备的同时，提高欧元的比例，欧元替代了美元在俄国际储备货币和国际贸易结算货币中的部分份额。到2020年年底，美元以及美元资产在俄罗斯国际储备中的占比已降至21.2%，黄金和人民币占比提升至23.3%、12.8%。值得一提的是，许文鸿预计，俄罗斯央行可能是中国国债最大的投资者，其总储备持有量中有近三分之一的储备可能以人民币计价。（4）抛售美国国债：据美国财政部最新公布的数据，2021年2月，俄罗斯几乎完全清空了美国长期国债(只剩3.06亿美元) ，当月减持美债3.89亿美元，最终持仓规模降到58亿美元，相比俄罗斯最高持有的美债，累计抛售比例达到94%。俄罗斯不仅抛售美债，而且今后将不再购买美元债务。（5）增加黄金持有量：俄罗斯在大幅减持美债的同时不断增持黄金，目前其黄金储备达到2271.2吨(约7300万盎司)，占俄外汇储备的19.9%，在世界各国黄金储备排名中居第五位。此外，俄罗斯国内的黄金开采量也大幅度增加。值得一提的是，不同于世界上其他国家将黄金储存在美国，出于对美国的不信任，俄罗斯在美国没有黄金储存，俄罗斯的黄金都储藏在俄央行在莫斯科的仓库里。此外，俄罗斯在拓展非美元融资渠道、货币互换与本币结算、建立本国的支付系统和金融信息交换系统等一系列方面皆收到了不错的成效。上述结论可看出，如今俄罗斯的外汇储备已相当多元化、对美元依赖程度已大幅降低，同时还将大量黄金储备在莫斯科。一定程度上，充足的准备帮助俄罗斯构建起了强大的金融“要塞”。那么，意欲攻占这座“要塞”的西方金融猎人们，胜算究竟有几何呢？","news_type":1},"isVote":1,"tweetType":1,"viewCount":2237,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3533084678796733","authorId":"3533084678796733","name":"給你壹个韭菜包","avatar":"https://static.tigerbbs.com/7f738c869c9e22180516f2e2b4baffd5","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3533084678796733","idStr":"3533084678796733"},"content":"发吧，发完看看还有谁愿意遵守核不扩散条约，乌克兰原本有核遵守条约去核化，理应受到俄罗斯的核保护，又是常任理事国，发完这一次，欧洲遍地核国，日本已经着急得想要得不行了。","text":"发吧，发完看看还有谁愿意遵守核不扩散条约，乌克兰原本有核遵守条约去核化，理应受到俄罗斯的核保护，又是常任理事国，发完这一次，欧洲遍地核国，日本已经着急得想要得不行了。","html":"发吧，发完看看还有谁愿意遵守核不扩散条约，乌克兰原本有核遵守条约去核化，理应受到俄罗斯的核保护，又是常任理事国，发完这一次，欧洲遍地核国，日本已经着急得想要得不行了。"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":314991087,"gmtCreate":1612283267549,"gmtModify":1703759994554,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"<a 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16:37","market":"other","language":"zh","title":"腾讯：第三季度营收1,424亿元，净利润395亿元","url":"https://stock-news.laohu8.com/highlight/detail?id=1121590787","media":"老虎资讯综合","summary":"11月10日，腾讯发布财报，财报显示：第三季度营收1,424亿元人民币，市场预估1,454.1亿元人民币。第三季度调整后净利润317.5亿元人民币，分析师预估323.5亿元人民币。第三季度增值服务业务收入752亿元人民币，分析师预估759亿元人民币。截至9月30日，微信及WeChat的合并月活跃账户数达12.63亿，同比增长4.1%。腾讯控股：第三季度，受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。","content":"<p>11月10日，腾讯发布财报，财报显示：第三季度营收1,424亿元人民币，市场预估1,454.1亿元人民币。</p>\n<p>第三季度净利润395亿元人民币，市场预估326亿元人民币。</p>\n<p>第三季度调整后净利润317.5亿元人民币，分析师预估323.5亿元人民币。</p>\n<p>第三季度网络广告收入225亿元人民币，分析师预估245.6亿元人民币。</p>\n<p>第三季度增值服务业务收入752亿元人民币，分析师预估759亿元人民币。</p>\n<p>第三季度个人电脑客户端游戏收入117亿元人民币，分析师预估115.2亿元人民币。</p>\n<p>第三季度其他收益净额230亿元人民币，分析师预估92.5亿元人民币。</p>\n<p>截至9月30日，微信及WeChat的合并月活跃账户数达12.63亿，同比增长4.1%。</p>\n<p>腾讯控股：第三季度，受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。</p>\n<p>腾讯控股：于2021年9月，未成年人在我们本土市场游戏时长的占比为0.7%，较2020年9月的6.4%显著下降。于2021年9月，未成年人在我们本土市场游戏流水的占比为1.1%，亦较2020年9月的4.8%显著下降。<img src=\"https://static.tigerbbs.com/e66b9ee3615f9bdf820eb0374533ea3a\" tg-width=\"1058\" tg-height=\"785\" referrerpolicy=\"no-referrer\">就具体营收分部来看：<img src=\"https://static.tigerbbs.com/c1839c7dd9dbdfedf70efa36112c5a1c\" tg-width=\"1074\" tg-height=\"512\" width=\"100%\" height=\"auto\"></p>\n<p><b>增值服务业务</b></p>\n<p>二零二一年第三季的收入同比增长8%至人民币752亿元。</p>\n<p>受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。社交网络收入增长7%至人民币303亿元，乃由视频及音乐付费会员服务的相对快速增长以及直播和游戏道具销售的温和增长所推动。</p>\n<p><b>网络广告业务</b></p>\n<p>二零二一年第三季的收入同比增长5%至人民币225亿元，尽管教育、保险和游戏等行业的广告需求疲弱，但来自必需消费品及互联网服务等品类的广告主的稳健需求，以及合并易车的广告收入贡献，仍推动了广告收入的增长。在微信小程序及微信公众号的广告收入增长的推动下，社交及其他广告收入增长7%至人民币190亿元。媒体广告收入下降4%至人民币35亿元，主要是由于腾讯新闻应用的广告收入减少所致。</p>\n<p><b>金融科技及企业服务业务</b></p>\n<p>二零二一年第三季的收入同比增长30%至人民币433亿元。</p>\n<p>金融科技服务收入增长主要反映了商业支付金额的增加。企业服务收入同比健康增长，乃由于日益加深的传统产业的数字化及互联网行业的视频化趋势，以及合并易车的企业服务收入的贡献。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>腾讯：第三季度营收1,424亿元，净利润395亿元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n腾讯：第三季度营收1,424亿元，净利润395亿元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-11-10 16:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>11月10日，腾讯发布财报，财报显示：第三季度营收1,424亿元人民币，市场预估1,454.1亿元人民币。</p>\n<p>第三季度净利润395亿元人民币，市场预估326亿元人民币。</p>\n<p>第三季度调整后净利润317.5亿元人民币，分析师预估323.5亿元人民币。</p>\n<p>第三季度网络广告收入225亿元人民币，分析师预估245.6亿元人民币。</p>\n<p>第三季度增值服务业务收入752亿元人民币，分析师预估759亿元人民币。</p>\n<p>第三季度个人电脑客户端游戏收入117亿元人民币，分析师预估115.2亿元人民币。</p>\n<p>第三季度其他收益净额230亿元人民币，分析师预估92.5亿元人民币。</p>\n<p>截至9月30日，微信及WeChat的合并月活跃账户数达12.63亿，同比增长4.1%。</p>\n<p>腾讯控股：第三季度，受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。</p>\n<p>腾讯控股：于2021年9月，未成年人在我们本土市场游戏时长的占比为0.7%，较2020年9月的6.4%显著下降。于2021年9月，未成年人在我们本土市场游戏流水的占比为1.1%，亦较2020年9月的4.8%显著下降。<img src=\"https://static.tigerbbs.com/e66b9ee3615f9bdf820eb0374533ea3a\" tg-width=\"1058\" tg-height=\"785\" referrerpolicy=\"no-referrer\">就具体营收分部来看：<img src=\"https://static.tigerbbs.com/c1839c7dd9dbdfedf70efa36112c5a1c\" tg-width=\"1074\" tg-height=\"512\" width=\"100%\" height=\"auto\"></p>\n<p><b>增值服务业务</b></p>\n<p>二零二一年第三季的收入同比增长8%至人民币752亿元。</p>\n<p>受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。社交网络收入增长7%至人民币303亿元，乃由视频及音乐付费会员服务的相对快速增长以及直播和游戏道具销售的温和增长所推动。</p>\n<p><b>网络广告业务</b></p>\n<p>二零二一年第三季的收入同比增长5%至人民币225亿元，尽管教育、保险和游戏等行业的广告需求疲弱，但来自必需消费品及互联网服务等品类的广告主的稳健需求，以及合并易车的广告收入贡献，仍推动了广告收入的增长。在微信小程序及微信公众号的广告收入增长的推动下，社交及其他广告收入增长7%至人民币190亿元。媒体广告收入下降4%至人民币35亿元，主要是由于腾讯新闻应用的广告收入减少所致。</p>\n<p><b>金融科技及企业服务业务</b></p>\n<p>二零二一年第三季的收入同比增长30%至人民币433亿元。</p>\n<p>金融科技服务收入增长主要反映了商业支付金额的增加。企业服务收入同比健康增长，乃由于日益加深的传统产业的数字化及互联网行业的视频化趋势，以及合并易车的企业服务收入的贡献。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"00700":"腾讯控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121590787","content_text":"11月10日，腾讯发布财报，财报显示：第三季度营收1,424亿元人民币，市场预估1,454.1亿元人民币。\n第三季度净利润395亿元人民币，市场预估326亿元人民币。\n第三季度调整后净利润317.5亿元人民币，分析师预估323.5亿元人民币。\n第三季度网络广告收入225亿元人民币，分析师预估245.6亿元人民币。\n第三季度增值服务业务收入752亿元人民币，分析师预估759亿元人民币。\n第三季度个人电脑客户端游戏收入117亿元人民币，分析师预估115.2亿元人民币。\n第三季度其他收益净额230亿元人民币，分析师预估92.5亿元人民币。\n截至9月30日，微信及WeChat的合并月活跃账户数达12.63亿，同比增长4.1%。\n腾讯控股：第三季度，受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。\n腾讯控股：于2021年9月，未成年人在我们本土市场游戏时长的占比为0.7%，较2020年9月的6.4%显著下降。于2021年9月，未成年人在我们本土市场游戏流水的占比为1.1%，亦较2020年9月的4.8%显著下降。就具体营收分部来看：\n增值服务业务\n二零二一年第三季的收入同比增长8%至人民币752亿元。\n受到《王者荣耀》、《使命召唤手游》及《天涯明月刀手游》等游戏的推动，本土市场游戏收入同比增长5%至人民币336亿元。国际市场游戏收入增长20%至人民币113亿元，或按固定汇率计算增长28%，由于《Valorant》及《部落冲突》等游戏表现强劲。社交网络收入增长7%至人民币303亿元，乃由视频及音乐付费会员服务的相对快速增长以及直播和游戏道具销售的温和增长所推动。\n网络广告业务\n二零二一年第三季的收入同比增长5%至人民币225亿元，尽管教育、保险和游戏等行业的广告需求疲弱，但来自必需消费品及互联网服务等品类的广告主的稳健需求，以及合并易车的广告收入贡献，仍推动了广告收入的增长。在微信小程序及微信公众号的广告收入增长的推动下，社交及其他广告收入增长7%至人民币190亿元。媒体广告收入下降4%至人民币35亿元，主要是由于腾讯新闻应用的广告收入减少所致。\n金融科技及企业服务业务\n二零二一年第三季的收入同比增长30%至人民币433亿元。\n金融科技服务收入增长主要反映了商业支付金额的增加。企业服务收入同比健康增长，乃由于日益加深的传统产业的数字化及互联网行业的视频化趋势，以及合并易车的企业服务收入的贡献。","news_type":1},"isVote":1,"tweetType":1,"viewCount":2406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":318081571,"gmtCreate":1611836604493,"gmtModify":1703754557799,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>ship to the moon🚀🚀🚀","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>ship to the moon🚀🚀🚀","text":"$Castor Maritime, Inc.(CTRM)$ship to the moon🚀🚀🚀","images":[{"img":"https://static.tigerbbs.com/2245b0336d3d2ab6fea010ea48a48441","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/318081571","isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":853830388,"gmtCreate":1634786252547,"gmtModify":1634786252547,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BITO\">$ProShares Bitcoin Strategy ETF(BITO)$</a>留存备份","listText":"<a href=\"https://laohu8.com/S/BITO\">$ProShares Bitcoin Strategy ETF(BITO)$</a>留存备份","text":"$ProShares Bitcoin Strategy ETF(BITO)$留存备份","images":[{"img":"https://static.tigerbbs.com/4dd2a41f369d388d1385bde33cf29b19","width":"1125","height":"3135"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853830388","isVote":1,"tweetType":1,"viewCount":2810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":638834319,"gmtCreate":1645169363751,"gmtModify":1645173646344,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"无语","listText":"无语","text":"无语","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/638834319","repostId":"1141495961","repostType":2,"repost":{"id":"1141495961","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645167449,"share":"https://www.laohu8.com/m/news/1141495961?lang=&edition=full","pubTime":"2022-02-18 14:57","market":"hk","language":"zh","title":"多部门发布外卖管理新规，美团盘中跌超17%刷新52周新低","url":"https://stock-news.laohu8.com/highlight/detail?id=1141495961","media":"老虎资讯综合","summary":"引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准。","content":"<html><head></head><body><p>2月18日，<a href=\"https://laohu8.com/S/03690\">美团-W</a>持续下挫，盘中跌超17%，刷新52周股价新低。于此同时，恒生科技指数跌幅达3.3%。此前发改委等多部门印发通知要求引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准。</p><p><img src=\"https://static.tigerbbs.com/185ebb56503f32416cc32aff24c90aea\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p>据国家发改委网站2月18日发布，国家发展改革委等14部门印发《关于促进服务业领域困难行业恢复发展的若干政策》，为帮助服务业领域困难行业渡过难关、恢复发展，在落实好已经出台政策措施的基础上，经国务院同意，提出43条助企纾困扶持政策措施。</p><p>其中，关于餐饮业纾困扶持措施包括：引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准，降低相关餐饮企业经营成本。引导互联网平台企业对疫 情中高风险地区所在的县级行政区域内的餐饮企业，给予阶段性商户服务费优惠。</p><p>鼓励有条件的地方对餐饮企业免费开展员工定期核酸检测，对企业防疫、消杀支出给予补贴支持。2022 年原则上应给予餐饮企业员工定期核酸检测不低于 50%比例的补贴支持。</p><p>允许失业保险、工伤保险基金结余较多的省份对餐饮企 业阶段性实施缓缴失业保险、工伤保险费政策，具体办法由省级 人民政府确定。符合条件的餐饮企业提出申请，经参保地人民政 府批准可以缓缴，期限不超过一年，缓缴期间免收滞纳金。</p><p>引导金融机构加强与餐饮行业主管部门信息共享，运用 中小微企业和个体工商户的交易流水、经营用房租赁以及有关部 门掌握的信用信息等数据，提升风险定价能力，更多发放信用贷 款。鼓励符合条件的餐饮企业发行公司信用类债券，拓宽餐饮企 业多元化融资渠道。</p><p>鼓励政府性融资担保机构为符合条件的餐饮业中小微企业提供融资增信支持，依法依约及时履行代偿责任，积极帮助受 疫情影响企业续保续贷。支持有条件的地方向政府性融资担保机 构注资、提供融资担保费用补贴。</p><p>鼓励保险机构优化产品和服务，扩大因疫情导致餐饮企业营业中断损失保险的覆盖面，提升理赔效率，提高对餐饮企业 的保障程度。鼓励有条件的地方给予保费补贴。</p><p>鼓励餐饮企业为老年人提供助餐服务，地方结合实际因地制宜对老年人助餐服务给予适当支持。不得强制餐饮企业给予配套优惠措施。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>多部门发布外卖管理新规，美团盘中跌超17%刷新52周新低</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n多部门发布外卖管理新规，美团盘中跌超17%刷新52周新低\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2022-02-18 14:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>2月18日，<a href=\"https://laohu8.com/S/03690\">美团-W</a>持续下挫，盘中跌超17%，刷新52周股价新低。于此同时，恒生科技指数跌幅达3.3%。此前发改委等多部门印发通知要求引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准。</p><p><img src=\"https://static.tigerbbs.com/185ebb56503f32416cc32aff24c90aea\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p>据国家发改委网站2月18日发布，国家发展改革委等14部门印发《关于促进服务业领域困难行业恢复发展的若干政策》，为帮助服务业领域困难行业渡过难关、恢复发展，在落实好已经出台政策措施的基础上，经国务院同意，提出43条助企纾困扶持政策措施。</p><p>其中，关于餐饮业纾困扶持措施包括：引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准，降低相关餐饮企业经营成本。引导互联网平台企业对疫 情中高风险地区所在的县级行政区域内的餐饮企业，给予阶段性商户服务费优惠。</p><p>鼓励有条件的地方对餐饮企业免费开展员工定期核酸检测，对企业防疫、消杀支出给予补贴支持。2022 年原则上应给予餐饮企业员工定期核酸检测不低于 50%比例的补贴支持。</p><p>允许失业保险、工伤保险基金结余较多的省份对餐饮企 业阶段性实施缓缴失业保险、工伤保险费政策，具体办法由省级 人民政府确定。符合条件的餐饮企业提出申请，经参保地人民政 府批准可以缓缴，期限不超过一年，缓缴期间免收滞纳金。</p><p>引导金融机构加强与餐饮行业主管部门信息共享，运用 中小微企业和个体工商户的交易流水、经营用房租赁以及有关部 门掌握的信用信息等数据，提升风险定价能力，更多发放信用贷 款。鼓励符合条件的餐饮企业发行公司信用类债券，拓宽餐饮企 业多元化融资渠道。</p><p>鼓励政府性融资担保机构为符合条件的餐饮业中小微企业提供融资增信支持，依法依约及时履行代偿责任，积极帮助受 疫情影响企业续保续贷。支持有条件的地方向政府性融资担保机 构注资、提供融资担保费用补贴。</p><p>鼓励保险机构优化产品和服务，扩大因疫情导致餐饮企业营业中断损失保险的覆盖面，提升理赔效率，提高对餐饮企业 的保障程度。鼓励有条件的地方给予保费补贴。</p><p>鼓励餐饮企业为老年人提供助餐服务，地方结合实际因地制宜对老年人助餐服务给予适当支持。不得强制餐饮企业给予配套优惠措施。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e1238455e09ac8d1135014cb37eb0f4d","relate_stocks":{"03690":"美团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141495961","content_text":"2月18日，美团-W持续下挫，盘中跌超17%，刷新52周股价新低。于此同时，恒生科技指数跌幅达3.3%。此前发改委等多部门印发通知要求引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准。据国家发改委网站2月18日发布，国家发展改革委等14部门印发《关于促进服务业领域困难行业恢复发展的若干政策》，为帮助服务业领域困难行业渡过难关、恢复发展，在落实好已经出台政策措施的基础上，经国务院同意，提出43条助企纾困扶持政策措施。其中，关于餐饮业纾困扶持措施包括：引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准，降低相关餐饮企业经营成本。引导互联网平台企业对疫 情中高风险地区所在的县级行政区域内的餐饮企业，给予阶段性商户服务费优惠。鼓励有条件的地方对餐饮企业免费开展员工定期核酸检测，对企业防疫、消杀支出给予补贴支持。2022 年原则上应给予餐饮企业员工定期核酸检测不低于 50%比例的补贴支持。允许失业保险、工伤保险基金结余较多的省份对餐饮企 业阶段性实施缓缴失业保险、工伤保险费政策，具体办法由省级 人民政府确定。符合条件的餐饮企业提出申请，经参保地人民政 府批准可以缓缴，期限不超过一年，缓缴期间免收滞纳金。引导金融机构加强与餐饮行业主管部门信息共享，运用 中小微企业和个体工商户的交易流水、经营用房租赁以及有关部 门掌握的信用信息等数据，提升风险定价能力，更多发放信用贷 款。鼓励符合条件的餐饮企业发行公司信用类债券，拓宽餐饮企 业多元化融资渠道。鼓励政府性融资担保机构为符合条件的餐饮业中小微企业提供融资增信支持，依法依约及时履行代偿责任，积极帮助受 疫情影响企业续保续贷。支持有条件的地方向政府性融资担保机 构注资、提供融资担保费用补贴。鼓励保险机构优化产品和服务，扩大因疫情导致餐饮企业营业中断损失保险的覆盖面，提升理赔效率，提高对餐饮企业 的保障程度。鼓励有条件的地方给予保费补贴。鼓励餐饮企业为老年人提供助餐服务，地方结合实际因地制宜对老年人助餐服务给予适当支持。不得强制餐饮企业给予配套优惠措施。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879841647,"gmtCreate":1636708823902,"gmtModify":1636708823902,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"mark","listText":"mark","text":"mark","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879841647","repostId":"1158332310","repostType":2,"repost":{"id":"1158332310","pubTimestamp":1617284601,"share":"https://www.laohu8.com/m/news/1158332310?lang=&edition=full","pubTime":"2021-04-01 21:43","market":"us","language":"zh","title":"拜登基建计划出炉：哪些ETF可投资？","url":"https://stock-news.laohu8.com/highlight/detail?id=1158332310","media":"美港电讯APP","summary":"随着拜登公布大规模基建计划，一些股票和ETF将会从中受益。\n这些基金中，有一些是短线投资，有一些是长线投资。\nMarketWatch去年11月就推荐了几个不同板块的ETF，现在来看，这些ETF仍是投资","content":"<p>随着拜登公布大规模基建计划，一些股票和ETF将会从中受益。</p>\n<p>这些基金中，有一些是短线投资，有一些是长线投资。</p>\n<p>MarketWatch去年11月就推荐了几个不同板块的ETF，现在来看，这些ETF仍是投资者投资的良好选择。</p>\n<p>虽然其他一些基金和板块的形势可能不那么明朗，但考虑到拜登的计划提高了基建支出，因此这些相关的基金和板块应该能创造丰厚回报。MarketWatch与CFRA共同基金和ETF研究主管Todd Rosenbluth就一些想法进行了交流。</p>\n<p><b>宽带</b></p>\n<p>拜登政府此前发布计划概要，里面提到“宽带互联网就是新时代的电力。人们工作、充分参与课堂学习、接受医疗、保持与世界的联系等都要用到宽带。”</p>\n<p>就该板块的投资而言，Rosenbluth建议买入Defiance Next Gen Connectivity ETF(FIVG)。该基金持股的公司来自各个领域，这些公司都将受益于信息基建项目的开展。相关公司包括数据天线、路由器、移动网络运营商、卫星通信、云计算、光纤电缆、数据中心房地产投资信托基金会等。</p>\n<p>FIVG资产价值达到约11亿美元，收取30个基点的管理费用，该基金已成立了两年左右。</p>\n<p>另外一个选择是Pacer Benchmark Data &amp; Infrastructure Real Estate SCTR ETF(SRVR)。顾名思义，该基金的投资重点对象是用于构建宽带科技的房地产。值得注意的一点是，SRVR基金由各个房地产投资信托基金会组成，对投资者来说，这与其他股票相比有不同之处。</p>\n<p><b>水工程</b></p>\n<p>基建计划指出，“替换掉饮用水系统中的铅制管道，改善我们国家儿童和有色人种社区居民的健康。”</p>\n<p>Rosenbluth表示“我原以为水工程是一个不引人注意的投资主题，但当我看到Power Shares水资源投资组合(PHO)这只ETF拥有15亿美元资产时，我感到非常惊喜。”</p>\n<p>Rosenbluth认为，PHO的投资极其多样，投资组合包括水利、机械设备、工业、原材料等领域的公司。这些公司生产设备以改善水基础设施、生命科学工具等。</p>\n<p>他在访谈中表示，“此类ETF的另一个优势是它们“在本质上往往是跨行业的。”你投资的不仅涉及某个板块，还涉及到与设备和服务板块相关的更大的生态系统。</p>\n<p>需要注意的是，它与现有的传统基金组合不相匹配。该基金不能简单替代工业类ETF或追踪公用事业类ETF。但是该基金包含的方面很广，很适宜作为对现有投资组合的补充，对长线投资者来说尤为如此。”</p>\n<p>PHO收取的50个基点的费用也比很多其他ETF高，但是该基金已经上市16年了。</p>\n<p><b>清洁能源</b></p>\n<p>正如媒体在3月中旬所报道的那样，尽管清洁<a href=\"https://laohu8.com/S/XLE\">能源ETF</a>在《美国就业计划》中占据了很重要的低位，而且油价也在持续上升，但是清洁能源板块的ETF最近几周都大幅下滑。</p>\n<p>当时，Rosenbluth告诉MarketWatch，“计划内提到的投资都是强劲的长期投资。”</p>\n<p>年初至今，很多备受青睐的清洁能源ETF在经历了2020年的一次大幅走高后都有严重下跌。其中市值最高的安硕环球清洁能源ETF(ICLN)下跌了近14%，而<a href=\"https://laohu8.com/S/TAN\">太阳能ETF-Guggenheim</a>(TAN)则下跌了11%。</p>\n<p>清洁能源ETF在周三拜登基建计划公布后有所回升。随着相关立法的完善，还会有更大的上升空间。其他类似值得考虑的ETF包括First Trust Nasdaq Clean Edge Green Energy Index Fund(QCLN)和ALPS Clean Energy ETF(ACES)。</p>\n<p><b>交通运输</b></p>\n<p>基建计划不会立刻给交通运输板块带来提振，但是随着原料与人员通过飞机、火车、汽车等运输方式在全国范围内流动，交通运输行业也将间接受益。同时，随着公路、桥梁、机场等设施得到修缮，交通运输业也将受益。</p>\n<p>Rosenbluth建议投资者考虑投资<a href=\"https://laohu8.com/S/IYT\">运输指数ETF-iShares</a>(IYT)，或者SPDR标普交通运输ETF(XTN)。</p>\n<p>Rosenbluth指出：“与那些修缮道路和基础设施的公司相比，这些基金似乎是后一个周期的受益者，因此属于长期投资。”</p>\n<p>鉴于它们的构成非常不同，投资者应该仔细研究这两种ETF的投资组合。例如，IYT前三大重仓股分别是，<a href=\"https://laohu8.com/S/FDX\">联邦快递</a>(FDX)持股比例12%、Norfolk Southern Corp.(NSC)持股比例11%、Kansas City Southern(KSU)持股比例11%。</p>\n<p>Kansas City Southern同时是XTN最大的重仓股，但也只占投资组合的3.2%；Avis Budget Group Inc.(CAR)是XTN第二大重仓股，占比2.9%；Expeditors International of Washington Inc.(EXPD) 是第三大重仓股，占比2.8%。</p>","source":"lsy1606393433888","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>拜登基建计划出炉：哪些ETF可投资？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n拜登基建计划出炉：哪些ETF可投资？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 21:43 北京时间&nbsp;&nbsp;&nbsp;<a href=https://news.ushknews.com/mobile/details.html?id=1002636&type=news><strong>美港电讯APP</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>随着拜登公布大规模基建计划，一些股票和ETF将会从中受益。\n这些基金中，有一些是短线投资，有一些是长线投资。\nMarketWatch去年11月就推荐了几个不同板块的ETF，现在来看，这些ETF仍是投资者投资的良好选择。\n虽然其他一些基金和板块的形势可能不那么明朗，但考虑到拜登的计划提高了基建支出，因此这些相关的基金和板块应该能创造丰厚回报。MarketWatch与CFRA共同基金和ETF研究主管...</p>\n\n<a href=\"https://news.ushknews.com/mobile/details.html?id=1002636&type=news\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{"QCLN":"First Trust NASDAQ Clean Edge Green Energy Index Fund"},"source_url":"https://news.ushknews.com/mobile/details.html?id=1002636&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158332310","content_text":"随着拜登公布大规模基建计划，一些股票和ETF将会从中受益。\n这些基金中，有一些是短线投资，有一些是长线投资。\nMarketWatch去年11月就推荐了几个不同板块的ETF，现在来看，这些ETF仍是投资者投资的良好选择。\n虽然其他一些基金和板块的形势可能不那么明朗，但考虑到拜登的计划提高了基建支出，因此这些相关的基金和板块应该能创造丰厚回报。MarketWatch与CFRA共同基金和ETF研究主管Todd Rosenbluth就一些想法进行了交流。\n宽带\n拜登政府此前发布计划概要，里面提到“宽带互联网就是新时代的电力。人们工作、充分参与课堂学习、接受医疗、保持与世界的联系等都要用到宽带。”\n就该板块的投资而言，Rosenbluth建议买入Defiance Next Gen Connectivity ETF(FIVG)。该基金持股的公司来自各个领域，这些公司都将受益于信息基建项目的开展。相关公司包括数据天线、路由器、移动网络运营商、卫星通信、云计算、光纤电缆、数据中心房地产投资信托基金会等。\nFIVG资产价值达到约11亿美元，收取30个基点的管理费用，该基金已成立了两年左右。\n另外一个选择是Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF(SRVR)。顾名思义，该基金的投资重点对象是用于构建宽带科技的房地产。值得注意的一点是，SRVR基金由各个房地产投资信托基金会组成，对投资者来说，这与其他股票相比有不同之处。\n水工程\n基建计划指出，“替换掉饮用水系统中的铅制管道，改善我们国家儿童和有色人种社区居民的健康。”\nRosenbluth表示“我原以为水工程是一个不引人注意的投资主题，但当我看到Power Shares水资源投资组合(PHO)这只ETF拥有15亿美元资产时，我感到非常惊喜。”\nRosenbluth认为，PHO的投资极其多样，投资组合包括水利、机械设备、工业、原材料等领域的公司。这些公司生产设备以改善水基础设施、生命科学工具等。\n他在访谈中表示，“此类ETF的另一个优势是它们“在本质上往往是跨行业的。”你投资的不仅涉及某个板块，还涉及到与设备和服务板块相关的更大的生态系统。\n需要注意的是，它与现有的传统基金组合不相匹配。该基金不能简单替代工业类ETF或追踪公用事业类ETF。但是该基金包含的方面很广，很适宜作为对现有投资组合的补充，对长线投资者来说尤为如此。”\nPHO收取的50个基点的费用也比很多其他ETF高，但是该基金已经上市16年了。\n清洁能源\n正如媒体在3月中旬所报道的那样，尽管清洁能源ETF在《美国就业计划》中占据了很重要的低位，而且油价也在持续上升，但是清洁能源板块的ETF最近几周都大幅下滑。\n当时，Rosenbluth告诉MarketWatch，“计划内提到的投资都是强劲的长期投资。”\n年初至今，很多备受青睐的清洁能源ETF在经历了2020年的一次大幅走高后都有严重下跌。其中市值最高的安硕环球清洁能源ETF(ICLN)下跌了近14%，而太阳能ETF-Guggenheim(TAN)则下跌了11%。\n清洁能源ETF在周三拜登基建计划公布后有所回升。随着相关立法的完善，还会有更大的上升空间。其他类似值得考虑的ETF包括First Trust Nasdaq Clean Edge Green Energy Index Fund(QCLN)和ALPS Clean Energy ETF(ACES)。\n交通运输\n基建计划不会立刻给交通运输板块带来提振，但是随着原料与人员通过飞机、火车、汽车等运输方式在全国范围内流动，交通运输行业也将间接受益。同时，随着公路、桥梁、机场等设施得到修缮，交通运输业也将受益。\nRosenbluth建议投资者考虑投资运输指数ETF-iShares(IYT)，或者SPDR标普交通运输ETF(XTN)。\nRosenbluth指出：“与那些修缮道路和基础设施的公司相比，这些基金似乎是后一个周期的受益者，因此属于长期投资。”\n鉴于它们的构成非常不同，投资者应该仔细研究这两种ETF的投资组合。例如，IYT前三大重仓股分别是，联邦快递(FDX)持股比例12%、Norfolk Southern Corp.(NSC)持股比例11%、Kansas City Southern(KSU)持股比例11%。\nKansas City Southern同时是XTN最大的重仓股，但也只占投资组合的3.2%；Avis Budget Group Inc.(CAR)是XTN第二大重仓股，占比2.9%；Expeditors International of Washington Inc.(EXPD) 是第三大重仓股，占比2.8%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854145034,"gmtCreate":1635430088781,"gmtModify":1635430088781,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"真好","listText":"真好","text":"真好","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854145034","repostId":"2167549520","repostType":2,"repost":{"id":"2167549520","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1631846400,"share":"https://www.laohu8.com/m/news/2167549520?lang=&edition=full","pubTime":"2021-09-17 10:40","market":"us","language":"en","title":"Why the $5.4 trillion ETF market faces its biggest crisis since inception","url":"https://stock-news.laohu8.com/highlight/detail?id=2167549520","media":"Dow Jones","summary":"Exchange-traded funds have been referred to as $one$ of the best financial innovations and the greatest success story in markets over the past few decades. There are many solid attributes to ETFs that are enjoyed by individual investors and institutions alike but one important benefit, the tax efficiency, could be stripped away from the funds, delivering a potentially blow to the industry experts told ETF Wrap.We're going to talk about the implications of a proposal coming out of Washington, D.C","content":"<p>Happy Thursday! Exchange-traded funds have been referred to as <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best financial innovations and the greatest success story in markets over the past few decades. There are many solid attributes to ETFs that are enjoyed by individual investors and institutions alike but one important benefit, the tax efficiency, could be stripped away from the funds, delivering a potentially blow to the industry experts told ETF Wrap.</p>\n<p>We're going to talk about the implications of a proposal coming out of Washington, D.C. that has raised the hackles among large and small ETF providers alike. We'll also touch on a new ETF on offer by Goldman Sachs that our colleague Christine Idzelis is reporting on.</p>\n<p>As per usual, send tips, or feedback, and find me on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> at @mdecambre to tell us what we need to be jumping on. Sign up here for ETF Wrap.</p>\n<p>The good and the bad</p>\n<table>\n <tbody>\n  <tr>\n   <td>Top 5 gainers of the past week</td>\n   <td>%Return</td>\n  </tr>\n  <tr>\n   <td>NorthShore Global Uranium Mining ETF URNM</td>\n   <td>15.1</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/URA\">Global X Uranium ETF</a> URA</td>\n   <td>9.2</td>\n  </tr>\n  <tr>\n   <td>VanEck Oil Services ETF OIH</td>\n   <td>3.9</td>\n  </tr>\n  <tr>\n   <td>VanEck Rare Earth/Strategic Metals ETFREMX</td>\n   <td>3.4</td>\n  </tr>\n  <tr>\n   <td>Invesco Dynamic Semiconductors ETF PSI</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet, through Wednesday, Sept. 15, excluding ETNs and leveraged products. Includes NYSE, Nasdaq and Cboe traded ETFs of $500 million or greater</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Top 5 decliners of the past week</td>\n   <td>% Return</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MSOS\">AdvisorShares Pure US Cannabis ETF</a> MSOS</td>\n   <td>-7.1</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/KWEB\">KraneShares CSI China Internet ETF</a> KWEB</td>\n   <td>-6.8</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MJX\">ETFMG Alternative Harvest ETF</a> MJ</td>\n   <td>-6.3</td>\n  </tr>\n  <tr>\n   <td>Emerging Markets Internet &amp; Ecommerce ETF EMQQ</td>\n   <td>-5.1</td>\n  </tr>\n  <tr>\n   <td>Invesco China Technology ETF CQQQ</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet</td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<p>An ETF death knell?</p>\n<p>U.S. Senate Finance Committee Chairman Ron Wyden's proposal aims to tax the ETF industry. As our readers well know, ETFs are a baskets of securities that are as easy to trade as a stock and appeal to average investors for its convenience if not also for its tax efficiency.</p>\n<p>ETFs avoid taxes with so-called in-kind transactions.</p>\n<p>The inherent tax efficiency of an ETF, which usually is constructed to mimic the performance of index and tends to be low-cost for that reason, is the direct result of the in-kind redemption of shares and creation of new ones. Currently, in-kind tax treatment is governed by section 852(b) (6) of the Internal Revenue Code, and provides that the creation of new ETF shares and the redemption of old ones isn't a taxable event.</p>\n<p>The process by which this occurs is complex and involves Authorized Participants, or APs, and market makers, but ETF Trends explains it best here:</p>\n<p>Wyden's current proposal. however, would result in funds passing on capital gains to millions of investors in ETFs, a rapidly growing segment of the U.S. market, boasting some $5.4 trillion in assets, as of the end of 2020, according to CFRA data. Mutual funds. meanwhile, with $20 trillion in assets, often pass along capital gains incurred throughout the year as they sell stocks or bonds to raise cash and meet redemptions.</p>\n<p>Industry lobbying group the Investment Company Institute, or ICI, in a Wednesday letter explained that \"the tax code's treatment of funds' in-kind redemptions helps prevent investors from incurring unexpected tax bills triggered by other investors' actions,\" but adding that the current rule \"still ensures that fund investors pay all the tax that they owe when they ultimately sell or redeem their shares.\"</p>\n<p>Todd Rosenbluth, head of ETF &amp; Mutual Fund Research, told ETF Wrap that the proposal if it gains further traction and becomes a law would \"be harmful to many Americans.\"</p>\n<p>\"The ability to limit and often avoid passing along capital gains to existing shareholders is one of the important benefits ETFs typically provide in addition to intraday liquidity, low expense ratios and daily transparency,\" he said.</p>\n<p>\"If ETFs no longer can utilize in-kind redemptions and loyal shareholders are taxed at year end for fund activity it would be a burden to many middle class investors,\" Rosenbluth said.</p>\n<p>Behemoth ETFs were up in arms over the proposal, which started to gain attention last Friday, one insider said.</p>\n<p>Invesco, one of the U.S.'s biggest ETF providers, said through a spokeswoman via email that the company \"strongly disagrees with the premise of the proposed legislation and believes that instead of resulting in additional taxation for the 'wealthy investors and mega-corporations,' it will actually hurt 'average' taxpayer that Congress is trying to protect.</p>\n<p>WSJ wrote that the proposed in-kind transaction tax are expected to generate $200 billion over a decade, based on estimates by the Joint Committee on Taxation.</p>\n<p>A call to Wyden's office on Thursday wasn't immediately returned.</p>\n<p>The battle is on</p>\n<p>Proponents of ETFs make the case that those funds have democratized access to the market, giving investors of all stripes the ability to gain access to areas and strategies that they would not easily get access to without paying hefty fees.</p>\n<p>Invesco makes the case that more than 50% of those born between 1981 and 1996 consider ETFs the primary investment type in their portfolios.</p>\n<p>Industry participants also argue that ETFs are being billed as an investment tool that solely benefit the wealthy. Advocates of ETFs also note that longer-term holders would likely see the greatest harm under the Wyden proposal.</p>\n<p>\"ETF shareholders mostly realize capital-gains taxes when they choose to sell their shares, so without protecting in-kind transactions from taxation, long-term investors would be hurt when others sell,\" Invesco wrote in a statement.</p>\n<p>BlackRock, a fund behemoth, said that the \"in-kind\" taxation proposal raises concerns for them.</p>\n<p>\"We would be concerned about policies that would raise costs and reduce returns for long-term investors and retirement savers, and are carefully reviewing Senator Wyden's proposal to better understand how it will impact millions of long-term investors,\" the company said.</p>\n<p>The ICI explained that Wyden's tax proposal is more harmful to ETFs than mutual funds, which also use in-kind redemptions and creations, because they do far more in-kind redemptions.</p>\n<p>\"ETF shares are created and redeemed in large blocks in transactions between funds and large financial institutions known as authorized participants,\" the ICI statement notes.</p>\n<p>ETFs are dead?</p>\n<p>Dave Nadig, director of research and CIO at ETF Trends, ETF Database, told ETF Wrap that although the proposal, if it is realized would represent \"a significant blow to the advantage ETFs have traditionally enjoyed vs. mutual funds,\" he sees ETFs still maintaining a number of benefits.</p>\n<p>Those benefits include \"generally cost, flexibility and tradability, transparency,\" wrote Nadig.</p>\n<p>\"So it's hardly a 'ETFs are dead' situation. It just removes one particular advantage,\" Nadig said.</p>\n<p>That said, while wealthy investors may be able to deal with the proposed tax changes, average Joes and Janes would be saddled with the burden of paying the added costs.</p>\n<p>\"I get that it's an attractive argument that we're 'taxing the rich' here, but honestly, the ETF brought a clean, well understood tax-advantaged structure to any investor with $100 and a Schwab account,\" he said.</p>\n<p>\"High net worth investors have always had access to structured products, LLCs, pass through entities and countless other structures to avoid near term gains inside a defined trading strategy,\" he said.</p>\n<p>Who owns ETFs</p>\n<p>According to the ICI, nearly 12 million U.S. households own ETFs. The median income of these households is $125,000 and 92% of all ETF-investing households make less than $400,000.</p>\n<p>Goldman's Cathie Wood killer?</p>\n<p>Goldman Sachs just launched an ETF targeting the next generation of technology companies, outside of the most popular companies already being bandied about. The fund sounds similar some of those on offer from Cathie Wood's roster of ARK Invest funds and perhaps is intended to take some market share from ARK with a target on lower-profile companies.</p>\n<p>MarketWatch colleague Christine Idzelis reports that the actively managed <a href=\"https://laohu8.com/S/GTEK\">Goldman Sachs Future Tech Leaders Equity ETF</a> (GTEK) will invest in listed companies with a market value of less than $100 billion and the fund will trade under the ticker symbol \"GTEK.\"</p>\n<p>\"We're now at a key inflection point where that innovation is expanding beyond the U.S. and down the market-cap spectrum,\" Sung Cho, a GTEK portfolio manager told MarketWatch.</p>\n<p>A number of fund providers have been attempting to ride the wave of new, groundbreaking technology. Less than a month ago, so-called The Future Fund LLC launched the actively managed Future Fund Active ETF <a href=\"https://laohu8.com/S/FFND\">$(FFND)$</a></p>\n<p>\"We're looking for transformational opportunities that could develop over the next several years.\" wrote David Kalis, CFA, partner at The Future Fund.</p>\n<p>The race to fee bottoms</p>\n<p>Rosenbluth notes that there are approximately 80 U.S. listed ETFs charging a minuscule fee of 0.05% or less. However, CFRA makes the case that fees shouldn't be the sole criteria that investors base their fund selections. The composition of the fund and the record are something to consider as well.</p>\n<p>\"CFRA believes all things being equal, investors should consider the cheap ETFs in a broad investment style. But with ETF investing, things are usually not equal,\" the analyst writes.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the $5.4 trillion ETF market faces its biggest crisis since inception</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the $5.4 trillion ETF market faces its biggest crisis since inception\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-17 10:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Happy Thursday! Exchange-traded funds have been referred to as <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best financial innovations and the greatest success story in markets over the past few decades. There are many solid attributes to ETFs that are enjoyed by individual investors and institutions alike but one important benefit, the tax efficiency, could be stripped away from the funds, delivering a potentially blow to the industry experts told ETF Wrap.</p>\n<p>We're going to talk about the implications of a proposal coming out of Washington, D.C. that has raised the hackles among large and small ETF providers alike. We'll also touch on a new ETF on offer by Goldman Sachs that our colleague Christine Idzelis is reporting on.</p>\n<p>As per usual, send tips, or feedback, and find me on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> at @mdecambre to tell us what we need to be jumping on. Sign up here for ETF Wrap.</p>\n<p>The good and the bad</p>\n<table>\n <tbody>\n  <tr>\n   <td>Top 5 gainers of the past week</td>\n   <td>%Return</td>\n  </tr>\n  <tr>\n   <td>NorthShore Global Uranium Mining ETF URNM</td>\n   <td>15.1</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/URA\">Global X Uranium ETF</a> URA</td>\n   <td>9.2</td>\n  </tr>\n  <tr>\n   <td>VanEck Oil Services ETF OIH</td>\n   <td>3.9</td>\n  </tr>\n  <tr>\n   <td>VanEck Rare Earth/Strategic Metals ETFREMX</td>\n   <td>3.4</td>\n  </tr>\n  <tr>\n   <td>Invesco Dynamic Semiconductors ETF PSI</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet, through Wednesday, Sept. 15, excluding ETNs and leveraged products. Includes NYSE, Nasdaq and Cboe traded ETFs of $500 million or greater</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Top 5 decliners of the past week</td>\n   <td>% Return</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MSOS\">AdvisorShares Pure US Cannabis ETF</a> MSOS</td>\n   <td>-7.1</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/KWEB\">KraneShares CSI China Internet ETF</a> KWEB</td>\n   <td>-6.8</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/MJX\">ETFMG Alternative Harvest ETF</a> MJ</td>\n   <td>-6.3</td>\n  </tr>\n  <tr>\n   <td>Emerging Markets Internet &amp; Ecommerce ETF EMQQ</td>\n   <td>-5.1</td>\n  </tr>\n  <tr>\n   <td>Invesco China Technology ETF CQQQ</td>\n   <td></td>\n  </tr>\n  <tr>\n   <td>Source: FactSet</td>\n   <td></td>\n  </tr>\n </tbody>\n</table>\n<p>An ETF death knell?</p>\n<p>U.S. Senate Finance Committee Chairman Ron Wyden's proposal aims to tax the ETF industry. As our readers well know, ETFs are a baskets of securities that are as easy to trade as a stock and appeal to average investors for its convenience if not also for its tax efficiency.</p>\n<p>ETFs avoid taxes with so-called in-kind transactions.</p>\n<p>The inherent tax efficiency of an ETF, which usually is constructed to mimic the performance of index and tends to be low-cost for that reason, is the direct result of the in-kind redemption of shares and creation of new ones. Currently, in-kind tax treatment is governed by section 852(b) (6) of the Internal Revenue Code, and provides that the creation of new ETF shares and the redemption of old ones isn't a taxable event.</p>\n<p>The process by which this occurs is complex and involves Authorized Participants, or APs, and market makers, but ETF Trends explains it best here:</p>\n<p>Wyden's current proposal. however, would result in funds passing on capital gains to millions of investors in ETFs, a rapidly growing segment of the U.S. market, boasting some $5.4 trillion in assets, as of the end of 2020, according to CFRA data. Mutual funds. meanwhile, with $20 trillion in assets, often pass along capital gains incurred throughout the year as they sell stocks or bonds to raise cash and meet redemptions.</p>\n<p>Industry lobbying group the Investment Company Institute, or ICI, in a Wednesday letter explained that \"the tax code's treatment of funds' in-kind redemptions helps prevent investors from incurring unexpected tax bills triggered by other investors' actions,\" but adding that the current rule \"still ensures that fund investors pay all the tax that they owe when they ultimately sell or redeem their shares.\"</p>\n<p>Todd Rosenbluth, head of ETF &amp; Mutual Fund Research, told ETF Wrap that the proposal if it gains further traction and becomes a law would \"be harmful to many Americans.\"</p>\n<p>\"The ability to limit and often avoid passing along capital gains to existing shareholders is one of the important benefits ETFs typically provide in addition to intraday liquidity, low expense ratios and daily transparency,\" he said.</p>\n<p>\"If ETFs no longer can utilize in-kind redemptions and loyal shareholders are taxed at year end for fund activity it would be a burden to many middle class investors,\" Rosenbluth said.</p>\n<p>Behemoth ETFs were up in arms over the proposal, which started to gain attention last Friday, one insider said.</p>\n<p>Invesco, one of the U.S.'s biggest ETF providers, said through a spokeswoman via email that the company \"strongly disagrees with the premise of the proposed legislation and believes that instead of resulting in additional taxation for the 'wealthy investors and mega-corporations,' it will actually hurt 'average' taxpayer that Congress is trying to protect.</p>\n<p>WSJ wrote that the proposed in-kind transaction tax are expected to generate $200 billion over a decade, based on estimates by the Joint Committee on Taxation.</p>\n<p>A call to Wyden's office on Thursday wasn't immediately returned.</p>\n<p>The battle is on</p>\n<p>Proponents of ETFs make the case that those funds have democratized access to the market, giving investors of all stripes the ability to gain access to areas and strategies that they would not easily get access to without paying hefty fees.</p>\n<p>Invesco makes the case that more than 50% of those born between 1981 and 1996 consider ETFs the primary investment type in their portfolios.</p>\n<p>Industry participants also argue that ETFs are being billed as an investment tool that solely benefit the wealthy. Advocates of ETFs also note that longer-term holders would likely see the greatest harm under the Wyden proposal.</p>\n<p>\"ETF shareholders mostly realize capital-gains taxes when they choose to sell their shares, so without protecting in-kind transactions from taxation, long-term investors would be hurt when others sell,\" Invesco wrote in a statement.</p>\n<p>BlackRock, a fund behemoth, said that the \"in-kind\" taxation proposal raises concerns for them.</p>\n<p>\"We would be concerned about policies that would raise costs and reduce returns for long-term investors and retirement savers, and are carefully reviewing Senator Wyden's proposal to better understand how it will impact millions of long-term investors,\" the company said.</p>\n<p>The ICI explained that Wyden's tax proposal is more harmful to ETFs than mutual funds, which also use in-kind redemptions and creations, because they do far more in-kind redemptions.</p>\n<p>\"ETF shares are created and redeemed in large blocks in transactions between funds and large financial institutions known as authorized participants,\" the ICI statement notes.</p>\n<p>ETFs are dead?</p>\n<p>Dave Nadig, director of research and CIO at ETF Trends, ETF Database, told ETF Wrap that although the proposal, if it is realized would represent \"a significant blow to the advantage ETFs have traditionally enjoyed vs. mutual funds,\" he sees ETFs still maintaining a number of benefits.</p>\n<p>Those benefits include \"generally cost, flexibility and tradability, transparency,\" wrote Nadig.</p>\n<p>\"So it's hardly a 'ETFs are dead' situation. It just removes one particular advantage,\" Nadig said.</p>\n<p>That said, while wealthy investors may be able to deal with the proposed tax changes, average Joes and Janes would be saddled with the burden of paying the added costs.</p>\n<p>\"I get that it's an attractive argument that we're 'taxing the rich' here, but honestly, the ETF brought a clean, well understood tax-advantaged structure to any investor with $100 and a Schwab account,\" he said.</p>\n<p>\"High net worth investors have always had access to structured products, LLCs, pass through entities and countless other structures to avoid near term gains inside a defined trading strategy,\" he said.</p>\n<p>Who owns ETFs</p>\n<p>According to the ICI, nearly 12 million U.S. households own ETFs. The median income of these households is $125,000 and 92% of all ETF-investing households make less than $400,000.</p>\n<p>Goldman's Cathie Wood killer?</p>\n<p>Goldman Sachs just launched an ETF targeting the next generation of technology companies, outside of the most popular companies already being bandied about. The fund sounds similar some of those on offer from Cathie Wood's roster of ARK Invest funds and perhaps is intended to take some market share from ARK with a target on lower-profile companies.</p>\n<p>MarketWatch colleague Christine Idzelis reports that the actively managed <a href=\"https://laohu8.com/S/GTEK\">Goldman Sachs Future Tech Leaders Equity ETF</a> (GTEK) will invest in listed companies with a market value of less than $100 billion and the fund will trade under the ticker symbol \"GTEK.\"</p>\n<p>\"We're now at a key inflection point where that innovation is expanding beyond the U.S. and down the market-cap spectrum,\" Sung Cho, a GTEK portfolio manager told MarketWatch.</p>\n<p>A number of fund providers have been attempting to ride the wave of new, groundbreaking technology. Less than a month ago, so-called The Future Fund LLC launched the actively managed Future Fund Active ETF <a href=\"https://laohu8.com/S/FFND\">$(FFND)$</a></p>\n<p>\"We're looking for transformational opportunities that could develop over the next several years.\" wrote David Kalis, CFA, partner at The Future Fund.</p>\n<p>The race to fee bottoms</p>\n<p>Rosenbluth notes that there are approximately 80 U.S. listed ETFs charging a minuscule fee of 0.05% or less. However, CFRA makes the case that fees shouldn't be the sole criteria that investors base their fund selections. The composition of the fund and the record are something to consider as well.</p>\n<p>\"CFRA believes all things being equal, investors should consider the cheap ETFs in a broad investment style. But with ETF investing, things are usually not equal,\" the analyst writes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CQQQ":"中国科技指数ETF-Guggenheim","URNM":"Sprott Uranium Miners ETF","FFND":"The Future Fund Active ETF","PSI":"INVESCO SEMICONDUCTORS ETF","KWEB":"中国海外互联网ETF-KraneShares","REMX":"VanEck Rare Earth/Strategic Metals ETF","GTEK":"Goldman Sachs Future Tech Leaders Equity ETF","MJ":"Amplify Alternative Harvest ETF","URA":"Global X Uranium ETF","MSOS":"AdvisorShares Pure US Cannabis ETF","OIH":"石油服务ETF","EMQQ":"Emerging Markets Internet & Ecommerce ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167549520","content_text":"Happy Thursday! Exchange-traded funds have been referred to as one of the best financial innovations and the greatest success story in markets over the past few decades. There are many solid attributes to ETFs that are enjoyed by individual investors and institutions alike but one important benefit, the tax efficiency, could be stripped away from the funds, delivering a potentially blow to the industry experts told ETF Wrap.\nWe're going to talk about the implications of a proposal coming out of Washington, D.C. that has raised the hackles among large and small ETF providers alike. We'll also touch on a new ETF on offer by Goldman Sachs that our colleague Christine Idzelis is reporting on.\nAs per usual, send tips, or feedback, and find me on Twitter at @mdecambre to tell us what we need to be jumping on. Sign up here for ETF Wrap.\nThe good and the bad\n\n\n\nTop 5 gainers of the past week\n%Return\n\n\nNorthShore Global Uranium Mining ETF URNM\n15.1\n\n\nGlobal X Uranium ETF URA\n9.2\n\n\nVanEck Oil Services ETF OIH\n3.9\n\n\nVanEck Rare Earth/Strategic Metals ETFREMX\n3.4\n\n\nInvesco Dynamic Semiconductors ETF PSI\n\n\n\nSource: FactSet, through Wednesday, Sept. 15, excluding ETNs and leveraged products. Includes NYSE, Nasdaq and Cboe traded ETFs of $500 million or greater\n\n\n\nTop 5 decliners of the past week\n% Return\n\n\nAdvisorShares Pure US Cannabis ETF MSOS\n-7.1\n\n\nKraneShares CSI China Internet ETF KWEB\n-6.8\n\n\nETFMG Alternative Harvest ETF MJ\n-6.3\n\n\nEmerging Markets Internet & Ecommerce ETF EMQQ\n-5.1\n\n\nInvesco China Technology ETF CQQQ\n\n\n\nSource: FactSet\n\n\n\n\nAn ETF death knell?\nU.S. Senate Finance Committee Chairman Ron Wyden's proposal aims to tax the ETF industry. As our readers well know, ETFs are a baskets of securities that are as easy to trade as a stock and appeal to average investors for its convenience if not also for its tax efficiency.\nETFs avoid taxes with so-called in-kind transactions.\nThe inherent tax efficiency of an ETF, which usually is constructed to mimic the performance of index and tends to be low-cost for that reason, is the direct result of the in-kind redemption of shares and creation of new ones. Currently, in-kind tax treatment is governed by section 852(b) (6) of the Internal Revenue Code, and provides that the creation of new ETF shares and the redemption of old ones isn't a taxable event.\nThe process by which this occurs is complex and involves Authorized Participants, or APs, and market makers, but ETF Trends explains it best here:\nWyden's current proposal. however, would result in funds passing on capital gains to millions of investors in ETFs, a rapidly growing segment of the U.S. market, boasting some $5.4 trillion in assets, as of the end of 2020, according to CFRA data. Mutual funds. meanwhile, with $20 trillion in assets, often pass along capital gains incurred throughout the year as they sell stocks or bonds to raise cash and meet redemptions.\nIndustry lobbying group the Investment Company Institute, or ICI, in a Wednesday letter explained that \"the tax code's treatment of funds' in-kind redemptions helps prevent investors from incurring unexpected tax bills triggered by other investors' actions,\" but adding that the current rule \"still ensures that fund investors pay all the tax that they owe when they ultimately sell or redeem their shares.\"\nTodd Rosenbluth, head of ETF & Mutual Fund Research, told ETF Wrap that the proposal if it gains further traction and becomes a law would \"be harmful to many Americans.\"\n\"The ability to limit and often avoid passing along capital gains to existing shareholders is one of the important benefits ETFs typically provide in addition to intraday liquidity, low expense ratios and daily transparency,\" he said.\n\"If ETFs no longer can utilize in-kind redemptions and loyal shareholders are taxed at year end for fund activity it would be a burden to many middle class investors,\" Rosenbluth said.\nBehemoth ETFs were up in arms over the proposal, which started to gain attention last Friday, one insider said.\nInvesco, one of the U.S.'s biggest ETF providers, said through a spokeswoman via email that the company \"strongly disagrees with the premise of the proposed legislation and believes that instead of resulting in additional taxation for the 'wealthy investors and mega-corporations,' it will actually hurt 'average' taxpayer that Congress is trying to protect.\nWSJ wrote that the proposed in-kind transaction tax are expected to generate $200 billion over a decade, based on estimates by the Joint Committee on Taxation.\nA call to Wyden's office on Thursday wasn't immediately returned.\nThe battle is on\nProponents of ETFs make the case that those funds have democratized access to the market, giving investors of all stripes the ability to gain access to areas and strategies that they would not easily get access to without paying hefty fees.\nInvesco makes the case that more than 50% of those born between 1981 and 1996 consider ETFs the primary investment type in their portfolios.\nIndustry participants also argue that ETFs are being billed as an investment tool that solely benefit the wealthy. Advocates of ETFs also note that longer-term holders would likely see the greatest harm under the Wyden proposal.\n\"ETF shareholders mostly realize capital-gains taxes when they choose to sell their shares, so without protecting in-kind transactions from taxation, long-term investors would be hurt when others sell,\" Invesco wrote in a statement.\nBlackRock, a fund behemoth, said that the \"in-kind\" taxation proposal raises concerns for them.\n\"We would be concerned about policies that would raise costs and reduce returns for long-term investors and retirement savers, and are carefully reviewing Senator Wyden's proposal to better understand how it will impact millions of long-term investors,\" the company said.\nThe ICI explained that Wyden's tax proposal is more harmful to ETFs than mutual funds, which also use in-kind redemptions and creations, because they do far more in-kind redemptions.\n\"ETF shares are created and redeemed in large blocks in transactions between funds and large financial institutions known as authorized participants,\" the ICI statement notes.\nETFs are dead?\nDave Nadig, director of research and CIO at ETF Trends, ETF Database, told ETF Wrap that although the proposal, if it is realized would represent \"a significant blow to the advantage ETFs have traditionally enjoyed vs. mutual funds,\" he sees ETFs still maintaining a number of benefits.\nThose benefits include \"generally cost, flexibility and tradability, transparency,\" wrote Nadig.\n\"So it's hardly a 'ETFs are dead' situation. It just removes one particular advantage,\" Nadig said.\nThat said, while wealthy investors may be able to deal with the proposed tax changes, average Joes and Janes would be saddled with the burden of paying the added costs.\n\"I get that it's an attractive argument that we're 'taxing the rich' here, but honestly, the ETF brought a clean, well understood tax-advantaged structure to any investor with $100 and a Schwab account,\" he said.\n\"High net worth investors have always had access to structured products, LLCs, pass through entities and countless other structures to avoid near term gains inside a defined trading strategy,\" he said.\nWho owns ETFs\nAccording to the ICI, nearly 12 million U.S. households own ETFs. The median income of these households is $125,000 and 92% of all ETF-investing households make less than $400,000.\nGoldman's Cathie Wood killer?\nGoldman Sachs just launched an ETF targeting the next generation of technology companies, outside of the most popular companies already being bandied about. The fund sounds similar some of those on offer from Cathie Wood's roster of ARK Invest funds and perhaps is intended to take some market share from ARK with a target on lower-profile companies.\nMarketWatch colleague Christine Idzelis reports that the actively managed Goldman Sachs Future Tech Leaders Equity ETF (GTEK) will invest in listed companies with a market value of less than $100 billion and the fund will trade under the ticker symbol \"GTEK.\"\n\"We're now at a key inflection point where that innovation is expanding beyond the U.S. and down the market-cap spectrum,\" Sung Cho, a GTEK portfolio manager told MarketWatch.\nA number of fund providers have been attempting to ride the wave of new, groundbreaking technology. Less than a month ago, so-called The Future Fund LLC launched the actively managed Future Fund Active ETF $(FFND)$\n\"We're looking for transformational opportunities that could develop over the next several years.\" wrote David Kalis, CFA, partner at The Future Fund.\nThe race to fee bottoms\nRosenbluth notes that there are approximately 80 U.S. listed ETFs charging a minuscule fee of 0.05% or less. However, CFRA makes the case that fees shouldn't be the sole criteria that investors base their fund selections. The composition of the fund and the record are something to consider as well.\n\"CFRA believes all things being equal, investors should consider the cheap ETFs in a broad investment style. But with ETF investing, things are usually not equal,\" the analyst writes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":858631103,"gmtCreate":1635042686122,"gmtModify":1635042686122,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"好文","listText":"好文","text":"好文","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/858631103","repostId":"851681374","repostType":1,"repost":{"id":851681374,"gmtCreate":1634903240237,"gmtModify":1634950642491,"author":{"id":"3558937605407666","authorId":"3558937605407666","name":"46d9935c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558937605407666","idStr":"3558937605407666"},"themes":[],"title":"新加坡银行股的主要驱动因素","htmlText":"新加坡银行好好啊[财迷]&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/D05.SI\">$星展集团控股(D05.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/O39.SI\">$华侨银行(O39.SI)$</a>&nbsp;和<a target=\"_blank\" href=\"https://laohu8.com/S/U11.SI\">$大华银行(U11.SI)$</a>&nbsp;是东南亚三大银行。各个银行在东南亚有多元化跨境业务如私行，资产管理，公司和个人贷款，投行等等服务。三大银行的股息也挺大的。在过去五年三家平均股息回报率为4.3%[得意]&nbsp;3.8%[财迷]&nbsp;和3.7%[可爱]&nbsp;真的不错。三家也是<a target=\"_blank\" href=\"https://laohu8.com/S/S68.SI\">$新加坡交易所(S68.SI)$</a>&nbsp;市值最大的公司，所以他们是海指关键成分股，海指ETF是<a target=\"_blank\" href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>&nbsp;[开心]&nbsp;投资这些业务保守，收入分散的银行时，大家什么都不要做，只要等到股息到账[暗中观察]&nbsp;别忘记了新加坡对投资者很友好，就没有资本利得税，也对股息没有任何税或预扣。欢迎各位看一看新加坡交易所官方文章关于国家三大银行。 在全球范围内，银行板块是2021年迄今表现最为强劲的股票板块之一，与能源板块录得相似回报。在新加坡，星展银行、华侨银行和大华银行在过去20年间跻身东盟地区十大银行股之列，2021年迄今的平均总回报率为23%。 对利率","listText":"新加坡银行好好啊[财迷]&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/D05.SI\">$星展集团控股(D05.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/O39.SI\">$华侨银行(O39.SI)$</a>&nbsp;和<a target=\"_blank\" href=\"https://laohu8.com/S/U11.SI\">$大华银行(U11.SI)$</a>&nbsp;是东南亚三大银行。各个银行在东南亚有多元化跨境业务如私行，资产管理，公司和个人贷款，投行等等服务。三大银行的股息也挺大的。在过去五年三家平均股息回报率为4.3%[得意]&nbsp;3.8%[财迷]&nbsp;和3.7%[可爱]&nbsp;真的不错。三家也是<a target=\"_blank\" href=\"https://laohu8.com/S/S68.SI\">$新加坡交易所(S68.SI)$</a>&nbsp;市值最大的公司，所以他们是海指关键成分股，海指ETF是<a target=\"_blank\" href=\"https://laohu8.com/S/ES3.SI\">$STI ETF(ES3.SI)$</a>&nbsp;[开心]&nbsp;投资这些业务保守，收入分散的银行时，大家什么都不要做，只要等到股息到账[暗中观察]&nbsp;别忘记了新加坡对投资者很友好，就没有资本利得税，也对股息没有任何税或预扣。欢迎各位看一看新加坡交易所官方文章关于国家三大银行。 在全球范围内，银行板块是2021年迄今表现最为强劲的股票板块之一，与能源板块录得相似回报。在新加坡，星展银行、华侨银行和大华银行在过去20年间跻身东盟地区十大银行股之列，2021年迄今的平均总回报率为23%。 对利率","text":"新加坡银行好好啊[财迷] $星展集团控股(D05.SI)$ $华侨银行(O39.SI)$ 和$大华银行(U11.SI)$ 是东南亚三大银行。各个银行在东南亚有多元化跨境业务如私行，资产管理，公司和个人贷款，投行等等服务。三大银行的股息也挺大的。在过去五年三家平均股息回报率为4.3%[得意] 3.8%[财迷] 和3.7%[可爱] 真的不错。三家也是$新加坡交易所(S68.SI)$ 市值最大的公司，所以他们是海指关键成分股，海指ETF是$STI ETF(ES3.SI)$ [开心] 投资这些业务保守，收入分散的银行时，大家什么都不要做，只要等到股息到账[暗中观察] 别忘记了新加坡对投资者很友好，就没有资本利得税，也对股息没有任何税或预扣。欢迎各位看一看新加坡交易所官方文章关于国家三大银行。 在全球范围内，银行板块是2021年迄今表现最为强劲的股票板块之一，与能源板块录得相似回报。在新加坡，星展银行、华侨银行和大华银行在过去20年间跻身东盟地区十大银行股之列，2021年迄今的平均总回报率为23%。 对利率","images":[{"img":"https://static.tigerbbs.com/844f36048be5378ce4d452ef21d6618a","width":"612","height":"1096"},{"img":"https://static.tigerbbs.com/41fc953dc026c8f3529a591143044f48","width":"688","height":"287"},{"img":"https://static.tigerbbs.com/373d638ad28b8aa2916b1bdd102d798d","width":"688","height":"546"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851681374","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2071,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853897795,"gmtCreate":1634786235908,"gmtModify":1634786235908,"author":{"id":"3557215486965171","authorId":"3557215486965171","name":"Monty瑜","avatar":"https://static.tigerbbs.com/05ec42bf2e3ef58cb8b93562bdea9fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3557215486965171","idStr":"3557215486965171"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/FUT/BTCmain\">$CME比特币主连 2110(BTCmain)$&nbsp;</a>留存备份","listText":"<a href=\"https://laohu8.com/FUT/BTCmain\">$CME比特币主连 2110(BTCmain)$&nbsp;</a>留存备份","text":"$CME比特币主连 2110(BTCmain)$ 留存备份","images":[{"img":"https://static.tigerbbs.com/aa0db689cbc5aa6763e02d02993b0a75","width":"1125","height":"1827"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853897795","isVote":1,"tweetType":1,"viewCount":2281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"lives":[]}