{"id":1590,"date":"2026-01-29T04:27:48","date_gmt":"2026-01-29T04:27:48","guid":{"rendered":"https:\/\/tetsu811.com\/understanding-msci-indices-and-taiwan-stock-market\/"},"modified":"2026-01-29T04:27:58","modified_gmt":"2026-01-29T04:27:58","slug":"understanding-msci-indices-and-taiwan-stock-market","status":"publish","type":"post","link":"https:\/\/tetsu811.com\/ja\/understanding-msci-indices-and-taiwan-stock-market\/","title":{"rendered":"msci\u662f\u4ec0\u9ebc \u5168\u7403\u6295\u8cc7\u95dc\u9375\u6307\u6a19 \u89e3\u6790\u6307\u6578\u8abf\u6574\u8207\u53f0\u80a1\u5f71\u97ff"},"content":{"rendered":"
\n \"illustration
\n<\/figure>\n

\u4e00\u3001MSCI \u662f\u4ec0\u9ebc\uff1f\u5168\u7403\u6295\u8cc7\u7684\u57fa\u6e96\u6307\u6a19\u8207\u7de8\u5236\u539f\u7406<\/h2>\n

\u570b\u969b\u91d1\u878d\u5708\u88e1\uff0c\u6469\u6839\u58eb\u4e39\u5229\u8cc7\u672c\u570b\u969b\u516c\u53f8\uff08Morgan Stanley Capital International\uff0c\u7c21\u7a31 MSCI\uff09\u7de8\u88fd\u7684\u6307\u6578\u7e3d\u662f\u5099\u53d7\u77da\u76ee\u3002\u5b83\u4e0d\u50c5\u5e6b\u6295\u8cc7\u5c08\u5bb6\u8861\u91cf\u7e3e\u6548\uff0c\u9084\u4e3b\u5c0e\u6578\u5146\u7f8e\u5143\u7684\u5916\u8cc7\u52d5\u5411\u3002\u5c0d\u53f0\u7063\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u641e\u6e05\u695a MSCI \u5982\u4f55\u904b\u4f5c\uff0c\u5c24\u5176\u662f\u5b83\u5c0d\u53f0\u80a1\u7684\u885d\u64ca\uff0c\u5c31\u80fd\u66f4\u597d\u5730\u6349\u6478\u5e02\u5834\u7bc0\u594f\u3002<\/p>\n

1.1 MSCI \u8207 MSCI \u53f0\u7063\u6307\u6578\u7684\u5b9a\u7fa9\u8207\u5340\u5225<\/h3>\n

MSCI \u6307\u6578\u7cfb\u5217\u7531\u6469\u6839\u58eb\u4e39\u5229\u8cc7\u672c\u570b\u969b\u516c\u53f8\u63a8\u51fa\uff0c\u5c08\u9580\u8ffd\u8e64\u5168\u7403\u4e3b\u8981\u5e02\u5834\u7684\u52d5\u614b\u3002\u6295\u8cc7\u4eba\u9760\u5b83\u5feb\u901f\u638c\u63e1\u7279\u5b9a\u5340\u57df\u7684\u6982\u6cc1\uff0c\u88ab\u52d5\u5f0f\u57fa\u91d1\u5982 ETF \u4e5f\u5e38\u4ee5\u6b64\u4f5c\u70ba\u914d\u7f6e\u85cd\u5716\u3002<\/p>\n

MSCI \u53f0\u7063\u6307\u6578\u5247\u662f\u9019\u7cfb\u5217\u88e1\u7684\u4e00\u54e1\uff0c\u805a\u7126\u53f0\u7063\u80a1\u5e02\u8868\u73fe\u3002\u9078\u80a1\u6642\uff0c\u5b83\u8003\u616e\u4e0a\u5e02\u516c\u53f8\u7684\u5e02\u503c\u3001\u81ea\u7531\u6d41\u901a\u91cf\u4ee5\u53ca\u7522\u696d\u6db5\u84cb\u5ea6\uff0c\u76ee\u7684\u662f\u5fe0\u5be6\u5448\u73fe\u53f0\u7063\u5e02\u5834\u5168\u8c8c\u3002\u7c21\u55ae\u8b1b\uff0cMSCI \u50cf\u500b\u5927\u5bb6\u65cf\uff0c\u800c MSCI \u53f0\u7063\u6307\u6578\u5c31\u662f\u5c08\u7ba1\u53f0\u7063\u7684\u90a3\u4e00\u652f\u3002<\/p>\n

1.2 MSCI \u6307\u6578\u7684\u56db\u5927\u5206\u985e\u8207\u91cd\u8981\u6027\u70ba\u4f55\uff1f<\/h3>\n

MSCI \u7684\u6307\u6578\u9ad4\u7cfb\u76f8\u7576\u5ee3\u6cdb\uff0c\u5927\u81f4\u5206\u6210\u5927\u578b\u80a1\u3001\u4e2d\u578b\u80a1\u3001\u5c0f\u578b\u80a1\u548c\u5fae\u578b\u80a1\u56db\u5927\u985e\u578b\u3002\u5b83\u5011\u5408\u8d77\u4f86\u5f62\u6210\u5168\u7403\u6a19\u6e96\u6307\u6578\uff08Global Investable Market Indexes, GIMI\uff09\uff0c\u7d66\u6295\u8cc7\u4eba\u4e00\u500b\u5168\u9762\u7684\u5168\u7403\u5e02\u5834\u8996\u91ce\u3002<\/p>\n

\u53f0\u7063\u6295\u8cc7\u4eba\u7279\u5225\u8a72\u7559\u610f MSCI \u65b0\u8208\u5e02\u5834\u6307\u6578\uff0c\u56e0\u70ba\u53f0\u7063\u6b78\u5165\u65b0\u8208\u5e02\u5834\u985e\u5225\u3002\u4e0d\u5c11\u8ffd\u8e64\u9019\u6307\u6578\u7684\u570b\u969b\u88ab\u52d5\u57fa\u91d1\uff0c\u6703\u628a\u90e8\u5206\u8cc7\u91d1\u6295\u5411 MSCI \u53f0\u7063\u6307\u6578\u7684\u6210\u5206\u80a1\u3002\u65bc\u662f\uff0cMSCI \u5c0d\u53f0\u7063\u7684\u6b0a\u91cd\u8b8a\u52d5\uff0c\u5c31\u80fd\u76f4\u63a5\u5de6\u53f3\u5916\u8cc7\u9032\u51fa\uff0c\u9032\u800c\u5de6\u53f3\u53f0\u80a1\u5927\u5c40\u3002<\/p>\n

\n \"stylized
\n<\/figure>\n

\u4e8c\u3001MSCI \u6210\u5206\u80a1\u8abf\u6574\u7684\u6a5f\u5236\u3001\u6642\u9593\u8868\u8207\u53f0\u7063\u6210\u5206\u80a1\u73fe\u6cc1\u662f\u4ec0\u9ebc\uff1f<\/h2>\n

MSCI \u6307\u6578\u4e0d\u6703\u6c38\u9060\u56fa\u5b9a\u4e0d\u8b8a\u3002\u5b83\u5b9a\u671f\u6aa2\u8996\u4e26\u8abf\u6574\u6210\u5206\u80a1\uff0c\u76ee\u7684\u662f\u8b93\u6307\u6578\u7dca\u8ddf\u5e02\u5834\u8108\u52d5\u3002\u9019\u4e9b\u8b8a\u52d5\u76f4\u63a5\u5f71\u97ff\u88ab\u52d5\u57fa\u91d1\u548c\u5916\u8cc7\u7684\u914d\u7f6e\uff0c\u7e3d\u662f\u5f15\u4f86\u5168\u7403\u76ee\u5149\u3002<\/p>\n

2.1 \u5b63\u5ea6\u8abf\u6574\uff08Quarterly Review\uff09\u8207\u534a\u5e74\u5ea6\u8abf\u6574\uff08Semi-Annual Review\uff09\u6709\u4f55\u5dee\u7570\uff1f<\/h3>\n

MSCI \u7684\u5b9a\u671f\u8abf\u6574\u5206\u6210\u5169\u7a2e\u3002<\/p>\n

    \n
  • \u5b63\u5ea6\u8abf\u6574\uff08Quarterly Review\uff09\uff1a<\/b>\u5728\u6bcf\u5e74 2 \u6708\u30015 \u6708\u30018 \u6708\u548c 11 \u6708\u8209\u884c\u3002\u8b8a\u52d5\u901a\u5e38\u5c0f\uff0c\u50cf\u662f\u5fae\u8abf\u73fe\u6709\u6210\u5206\u80a1\u6b0a\u91cd\uff0c\u6216\u52a0\u9032\u53bb\u3001\u8e22\u51fa\u908a\u7de3\u5e02\u503c\u516c\u53f8\u3002\u885d\u64ca\u529b\u9053\u4e0d\u7b97\u5927\u3002<\/li>\n
  • \u534a\u5e74\u5ea6\u8abf\u6574\uff08Semi-Annual Review\uff09\uff1a<\/b>\u843d\u5728\u6bcf\u5e74 5 \u6708\u548c 11 \u6708\u3002\u9019\u6b21\u8abf\u6574\u898f\u6a21\u5927\u5f97\u591a\uff0c\u53ef\u80fd\u5927\u8209\u7d0d\u5165\u6216\u5254\u9664\u6210\u5206\u80a1\uff0c\u6b0a\u91cd\u4e5f\u6703\u660e\u986f\u79fb\u8f49\u3002\u5e02\u5834\u53cd\u61c9\u81ea\u7136\u66f4\u5287\u70c8\uff0c\u5e38\u898b\u5916\u8cc7\u5927\u8209\u8cb7\u8ce3\u3002<\/li>\n<\/ul>\n

    \u4e0d\u7ba1\u54ea\u7a2e\u8abf\u6574\uff0cMSCI \u90fd\u6703\u63d0\u524d\u5e7e\u9031\u516c\u544a\u7d50\u679c\uff0c\u7136\u5f8c\u5728\u7279\u5b9a\u65e5\u671f\u751f\u6548\u3002\u90a3\u6bb5\u7b49\u5f85\u671f\uff0c\u5e02\u5834\u60c5\u7dd2\u5bb9\u6613\u767c\u9175\uff0c\u76f8\u95dc\u80a1\u7968\u50f9\u683c\u5c31\u8ddf\u8457\u6643\u52d5\u3002<\/p>\n

    2.2 \u53f0\u7063 MSCI \u6210\u5206\u80a1\u7684\u5165\u9078\u8207\u5254\u9664\u6a19\u6e96\u662f\u4ec0\u9ebc\uff1f<\/h3>\n

    \u7be9\u9078 MSCI \u53f0\u7063\u6307\u6578\u6210\u5206\u80a1\u7684\u6a19\u6e96\u5f88\u56b4\u683c\uff0c\u6db5\u84cb\u5e7e\u500b\u6838\u5fc3\u8981\u7d20\u3002<\/p>\n

      \n
    • \u5e02\u503c\uff1a<\/b>\u516c\u53f8\u5f97\u9054\u5230\u6700\u4f4e\u5e02\u503c\u8981\u6c42\uff0c\u8b49\u660e\u5b83\u5728\u5e02\u5834\u6709\u8db3\u5920\u4efd\u91cf\u3002<\/li>\n
    • \u81ea\u7531\u6d41\u901a\u91cf\uff08Free Float\uff09\uff1a<\/b>\u9019\u662f\u6307\u516c\u958b\u53ef\u4ea4\u6613\u7684\u80a1\u7968\u6bd4\u4f8b\u3002MSCI \u4e0d\u8a08\u5165\u5167\u90e8\u6301\u80a1\u6216\u9577\u671f\u7b56\u7565\u80a1\uff0c\u53ea\u770b\u6d41\u901a\u91cf\u9ad8\u7684\u90e8\u5206\uff0c\u4fdd\u8b49\u6210\u5206\u80a1\u5920\u6db2\u52d5\u3002<\/li>\n
    • \u6d41\u52d5\u6027\uff1a<\/b>\u80a1\u7968\u4ea4\u6613\u91cf\u8981\u5145\u8db3\uff0c\u65b9\u4fbf\u8cb7\u8ce3\uff0c\u4e0d\u6703\u56e0\u70ba\u8cb7\u4e0d\u5230\u8ce3\u4e0d\u6389\u800c\u626d\u66f2\u50f9\u683c\u3002<\/li>\n
    • \u7522\u696d\u4ee3\u8868\u6027\uff1a<\/b>\u6307\u6578\u529b\u6c42\u6db5\u84cb\u4e3b\u8981\u7522\u696d\uff0c\u5c55\u73fe\u5e02\u5834\u591a\u6a23\u9762\u8c8c\u3002<\/li>\n
    • \u5916\u570b\u6295\u8cc7\u9650\u5236\uff1a<\/b>\u8003\u616e\u5404\u570b\u5c0d\u5916\u8cc7\u7684\u6cd5\u898f\uff0c\u78ba\u4fdd\u6210\u5206\u80a1\u9069\u5408\u570b\u969b\u6295\u8cc7\u3002<\/li>\n<\/ul>\n

      \u53f0\u7063\u4e0a\u5e02\u6ac3\u516c\u53f8\u82e5\u7b26\u5408\u9019\u4e9b\uff0c\u5c31\u80fd\u9032 MSCI \u53f0\u7063\u6307\u6578\uff1b\u4e0d\u7b26\u5408\uff0c\u5c31\u5f97\u96e2\u958b\u3002\u73fe\u5728\uff0c\u96fb\u5b50\u696d\u5927\u5ee0\u5982\u53f0\u7a4d\u96fb\u4e3b\u5bb0\u4e86\u6b0a\u503c\u80a1\u4f4d\u7f6e\u3002<\/p>\n

      \n \"vibrant
      \n<\/figure>\n

      \u4e09\u3001MSCI \u8abf\u6574\u5c0d\u53f0\u80a1\u7684\u5be6\u8cea\u5f71\u97ff\uff1a\u6b0a\u91cd\u8b8a\u5316\u8207\u5916\u8cc7\u52d5\u80fd\u662f\u4ec0\u9ebc\uff1f<\/h2>\n

      \u53f0\u7063\u6295\u8cc7\u4eba\u6700\u5728\u610f MSCI \u8abf\u6574\u600e\u9ebc\u64bc\u52d5\u53f0\u80a1\u3002\u6bcf\u56de\u6b0a\u91cd\u8b8a\u52d5\uff0c\u90fd\u53ef\u80fd\u5e36\u52d5\u6578\u5341\u5104\u7f8e\u5143\u5916\u8cc7\u9032\u51fa\uff0c\u5f71\u97ff\u500b\u80a1\u548c\u5927\u76e4\u3002\u5f04\u61c2\u9019\u9ede\uff0c\u5c31\u80fd\u5e6b\u4f60\u505a\u66f4\u8070\u660e\u7684\u6c7a\u5b9a\u3002<\/p>\n

      3.1 \u6b0a\u91cd\u8abf\u6574\u5982\u4f55\u5f71\u97ff\u53f0\u80a1\u300c\u4e09\u9ede\u534a\u300d\u884c\u60c5\uff1f<\/h3>\n

      MSCI \u6b0a\u91cd\u8abf\u6574\u6642\uff0c\u8ffd\u8e64\u5b83\u7684\u88ab\u52d5\u57fa\u91d1\u5f97\u5728\u751f\u6548\u65e5\u7576\u5929\uff0c\u6309\u65b0\u6bd4\u4f8b\u8abf\u5009\u3002\u5982\u679c\u53f0\u7063\u5728\u65b0\u8208\u5e02\u5834\u6307\u6578\u7684\u6b0a\u91cd\u4e0a\u63da\uff0c\u57fa\u91d1\u5c31\u5f97\u591a\u8cb7\u53f0\u80a1\uff1b\u53cd\u4e4b\uff0c\u5c31\u8ce3\u51fa\u3002\u9019\u4e9b\u52d5\u4f5c\u591a\u5728\u6536\u76e4\u524d\u6572\u5b9a\uff0c\u6240\u4ee5\u53f0\u7063\u80a1\u5e02\u6700\u5f8c\u5e7e\u5206\u9418\u2014\u2014\u90a3\u500b\u6709\u540d\u7684\u300c\u4e09\u9ede\u534a\u300d\u2014\u2014\u5916\u8cc7\u8cb7\u8ce3\u8d85\u7279\u5225\u731b\uff0c\u80a1\u50f9\u6ce2\u52d5\u5f97\u53b2\u5bb3\u3002<\/p>\n

      \u77ed\u7dda\u73a9\u5bb6\u6216\u8a31\u80fd\u5728\u9019\u6293\u5230\u6a5f\u6703\u5957\u5229\u6216\u907f\u96aa\u3002\u4f46\u9577\u671f\u6301\u6709\u8005\u5f97\u5c0f\u5fc3\uff0c\u9019\u7a2e\u975e\u57fa\u672c\u9762\u7684\u64fe\u52d5\u53ef\u80fd\u8b93\u4f60\u5fc3\u795e\u4e0d\u5be7\u3002<\/p>\n

      3.2 \u3010\u6848\u4f8b\u6df1\u5ea6\u89e3\u6790\u3011\u500b\u80a1\u7d0d\u5165\/\u5254\u9664\u5f8c\u7684\u5be6\u969b\u6f32\u8dcc\u5e45\u8ffd\u8e64<\/h3>\n

      \u56de\u9867\u904e\u53bb MSCI \u8abf\u6574\uff0c\u500b\u80a1\u5728\u516c\u544a\u65e5\u548c\u751f\u6548\u65e5\u7684\u80a1\u50f9\u53cd\u61c9\u5f80\u5f80\u5927\u4e0d\u540c\u3002\u6211\u5011\u7528\u5047\u8a2d\u6848\u4f8b\u4f86\u770b\u3002<\/p>\n

      \n\n\n\n\n\n\n\n\n
      \u516c\u53f8\u540d\u7a31<\/th>\nMSCI \u8abf\u6574\u985e\u578b<\/th>\n\u516c\u544a\u65e5\u80a1\u50f9\u53cd\u61c9\uff08%\uff09<\/th>\n\u751f\u6548\u65e5\u80a1\u50f9\u53cd\u61c9\uff08%\uff09<\/th>\n\u751f\u6548\u65e5\u5f8c\u4e00\u9031\u80a1\u50f9\u53cd\u61c9\uff08%\uff09<\/th>\n<\/tr>\n<\/thead>\n
      A \u516c\u53f8<\/td>\n\u7d0d\u5165<\/td>\n+5.2%<\/td>\n+3.1%<\/td>\n-2.5%<\/td>\n<\/tr>\n
      B \u516c\u53f8<\/td>\n\u5254\u9664<\/td>\n-4.8%<\/td>\n-2.7%<\/td>\n+1.5%<\/td>\n<\/tr>\n
      C \u516c\u53f8<\/td>\n\u6b0a\u91cd\u8abf\u5347<\/td>\n+2.0%<\/td>\n+1.0%<\/td>\n-0.5%<\/td>\n<\/tr>\n
      D \u516c\u53f8<\/td>\n\u6b0a\u91cd\u8abf\u964d<\/td>\n-1.5%<\/td>\n-0.8%<\/td>\n+0.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>
      \u8fd1\u5e74 MSCI \u8abf\u6574\u5c0d\u90e8\u5206\u53f0\u7063\u500b\u80a1\u7684\u80a1\u50f9\u5f71\u97ff\uff08\u793a\u610f\u5716\uff0c\u975e\u5be6\u969b\u6578\u64da\uff09<\/figcaption><\/figure>\n

      \u8868\u683c\u986f\u793a\uff0c\u88ab\u516c\u544a\u7d0d\u5165\u7684\u80a1\u7968\u5e38\u56e0\u9810\u671f\u8cb7\u76e4\u800c\u5728\u77ed\u6642\u9593\u5167\u62c9\u5347\u3002\u4f46\u751f\u6548\u65e5\u8cc7\u91d1\u5230\u4f4d\u5f8c\uff0c\u6f32\u52e2\u53ef\u80fd\u653e\u7de9\uff0c\u751a\u81f3\u300c\u8ce3\u4e8b\u5be6\u300d\u56de\u843d\u3002\u5254\u9664\u80a1\u5247\u5728\u516c\u544a\u65e5\u5148\u8dcc\uff0c\u751f\u6548\u65e5\u5f8c\u8dcc\u5e45\u6216\u8a31\u6536\u7a84\uff0c\u53cd\u5f48\u6a5f\u6703\u6d6e\u73fe\u3002<\/p>\n

      \u9019\u544a\u8a34\u6211\u5011\uff0c\u516c\u544a\u65e5\u591a\u7531\u9810\u671f\u4e3b\u5c0e\uff0c\u751f\u6548\u65e5\u5247\u662f\u771f\u91d1\u767d\u9280\u7684\u8cc7\u91d1\u5728\u8aaa\u8a71\u3002\u6295\u8cc7\u4eba\u5225\u6025\u8457\u8ffd\u6f32\u6bba\u8dcc\uff0c\u5f97\u770b\u57fa\u672c\u9762\u624d\u884c\u3002<\/p>\n

      \u56db\u3001MSCI \u8abf\u6574\u5f8c\u53f0\u7063\u6295\u8cc7\u4eba\u8a72\u5982\u4f55\u5236\u5b9a\u5dee\u7570\u5316\u6295\u8cc7\u7b56\u7565\uff1f<\/h2>\n

      MSCI \u8abf\u6574\u7e3d\u5e36\u4f86\u6ce2\u52d5\uff0c\u53f0\u7063\u6295\u8cc7\u4eba\u8a72\u600e\u9ebc\u8fa6\uff1f\u5225\u4e00\u982d\u71b1\u8ffd\u9ad8\u6bba\u4f4e\u3002\u6253\u9020\u9069\u5408\u81ea\u5df1\u7684\u7b56\u7565\uff0c\u5206\u6e05\u77ed\u671f\u5957\u5229\u548c\u9577\u671f\u50f9\u503c\uff0c\u624d\u80fd\u5728\u5e02\u5834\u7ad9\u7a69\u8173\u3002<\/p>\n

      4.1 \u7d0d\u5165\/\u5254\u9664\u524d\u7684\u300c\u9810\u671f\u5fc3\u7406\u300d\u8207\u98a8\u96aa\u7ba1\u7406<\/h3>\n

      \u516c\u544a\u524d\uff0c\u5e02\u5834\u5e38\u50b3\u51fa\u98a8\u8072\uff0c\u500b\u80a1\u50f9\u683c\u63d0\u524d\u52d5\u76ea\u3002\u6295\u6a5f\u5ba2\u53ef\u80fd\u6e67\u9032\u9810\u671f\u7d0d\u5165\u80a1\uff0c\u6216\u7529\u8ce3\u9810\u671f\u5254\u9664\u80a1\u3002\u77ed\u7dda\u624b\u6216\u8a31\u80fd\u6488\u4e00\u7b46\uff0c\u4f46\u98a8\u96aa\u4e5f\u9ad8\u3002<\/p>\n

      \u9019\u4e9b\u9810\u671f\u4e0d\u898b\u5f97\u6e96\uff0c\u80a1\u50f9\u4e5f\u53ef\u80fd\u5df2\u6d88\u5316\u6d88\u606f\u3002\u516c\u544a\u5f8c\u82e5\u5df2\u5927\u6f32\uff0c\u8ffd\u9032\u53bb\u5c31\u5bb9\u6613\u9047\u4e0a\u5229\u591a\u51fa\u76e1\u3002\u5efa\u8b70\u8a2d\u597d\u505c\u640d\u505c\u5229\uff0c\u7528\u671f\u8ca8\u6216\u9078\u64c7\u6b0a\u5c0f\u91cf\u907f\u96aa\uff0c\u7a69\u4f4f\u9663\u8173\u3002<\/p>\n

      4.2 MSCI \u8abf\u6574\u5f8c\uff1a\u5982\u4f55\u5224\u65b7\u500b\u80a1\u7684\u300c\u771f\u50f9\u503c\u300d\u8207\u300c\u5047\u5f48\u5347\u300d\uff1f<\/h3>\n

      \u8abf\u6574\u751f\u6548\uff0c\u57fa\u91d1\u8abf\u5009\u7d50\u675f\uff0c\u80a1\u50f9\u8a72\u56de\u6b78\u57fa\u672c\u9762\u3002\u6295\u8cc7\u4eba\u5f97\u5206\u8fa8\u771f\u5047\u6f32\u52e2\u3002<\/p>\n

        \n
      • \u771f\u50f9\u503c\uff1a<\/b>\u5982\u679c\u7d0d\u5165\u662f\u56e0\u70ba\u516c\u53f8\u7372\u5229\u7a69\u5347\u3001\u7522\u696d\u5730\u4f4d\u7262\u9760\uff0c\u672a\u4f86\u770b\u597d\uff0c\u90a3\u56de\u6a94\u5f8c\u4ecd\u503c\u5f97\u6301\u6709\u3002\u7d30\u770b\u8ca1\u5831\u3001\u7af6\u722d\u529b\uff0c\u5c31\u80fd\u6293\u5230\u7dda\u7d22\u3002<\/li>\n
      • \u5047\u5f48\u5347\uff1a<\/b>\u7d14\u7cb9\u7092\u4f5c\u6216\u77ed\u66ab\u8cc7\u91d1\u63a8\u5347\uff0c\u57fa\u672c\u9762\u6c92\u8b8a\uff0c\u6548\u61c9\u4e00\u6563\u5c31\u56de\u843d\u3002\u9019\u985e\u591a\u662f\u77ed\u7dda\u628a\u6232\uff0c\u4e0d\u5b9c\u9577\u6293\u3002<\/li>\n<\/ul>\n

        \u9577\u671f\u73a9\u5bb6\u628a MSCI \u7576\u6210\u6aa2\u8996\u6a5f\u6703\uff0c\u5225\u88ab\u77ed\u671f\u566a\u97f3\u727d\u8457\u8d70\u3002\u773c\u5149\u653e\u9060\uff0c\u9396\u5b9a\u6709\u6210\u9577\u529b\u7684\u597d\u516c\u53f8\u3002<\/p>\n

        \u4e94\u3001MSCI \u6307\u6578\u5c0d\u53f0\u7063\u6295\u8cc7\u5e03\u5c40\u7684\u6230\u7565\u610f\u7fa9\u662f\u4ec0\u9ebc\uff1f<\/h2>\n

        MSCI \u6307\u6578\u4e0d\u53ea\u6e2c\u91cf\u5168\u7403\u8cc7\u672c\u5e02\u5834\uff0c\u9084\u4e32\u8d77\u5916\u8cc7\u548c\u53f0\u7063\u80a1\u5e02\u3002\u53f0\u7063\u6295\u8cc7\u4eba\u61c2\u5b83\u7684\u539f\u7406\u3001\u8abf\u6574\u65b9\u5f0f\u548c\u5c0d\u53f0\u80a1\u7684\u5f71\u97ff\uff0c\u5c31\u80fd\u64ec\u5b9a\u66f4\u6709\u6548\u7684\u7b56\u7565\u3002\u6bcf\u6b21\u8abf\u6574\uff0c\u6b0a\u91cd\u6216\u6210\u5206\u80a1\u8b8a\u52d5\u96d6\u5e36\u4f86\u77ed\u671f\u9707\u76ea\uff0c\u537b\u4e5f\u8b93\u4f60\u6709\u6a5f\u6703\u91cd\u6574\u7d44\u5408\u3002<\/p>\n

        \u4fdd\u6301\u51b7\u975c\uff0c\u5225\u8ddf\u98a8\u3002\u77ed\u7dda\u8005\u53ef\u627e\u5957\u5229\u9ede\uff0c\u4f46\u5f97\u7ba1\u597d\u98a8\u96aa\u3002\u9577\u671f\u8005\u5247\u7528\u9019\u7576\u63d0\u9192\uff0c\u56de\u982d\u76ef\u57fa\u672c\u9762\uff0c\u6311\u8ca1\u52d9\u7a69\u3001\u6f5b\u529b\u5927\u7684\u53f0\u7063\u4f01\u696d\u3002\u878d\u5165 MSCI \u601d\u7dad\u5230\u5e03\u5c40\uff0c\u5c31\u80fd\u7a69\u7a69\u8d70\u4e0b\u53bb\u3002<\/p>\n

        \u516d\u3001\u53f0\u7063\u8b80\u8005\u5e38\u898b\u554f\u984c\uff08FAQ\uff09<\/h2>\n
        \n
        \n

        MSCI \u8abf\u6574\u7684\u300c\u751f\u6548\u65e5\u300d\u8ddf\u300c\u516c\u544a\u65e5\u300d\u5c0d\u80a1\u50f9\u7684\u5f71\u97ff\u6709\u4f55\u4e0d\u540c\uff1f<\/h3>\n
        \n

        \u516c\u544a\u65e5\uff1a<\/b>\u91cd\u9ede\u5728\u300c\u9810\u671f\u5fc3\u7406\u300d\u3002MSCI \u516c\u5e03\u7d50\u679c\u5f8c\uff0c\u5e02\u5834\u63d0\u524d\u53cd\u61c9\uff0c\u9810\u671f\u7d0d\u5165\u80a1\u53ef\u80fd\u4e0a\u6f32\uff0c\u5254\u9664\u80a1\u53ef\u80fd\u4e0b\u8dcc\u3002\u6ce2\u52d5\u591a\u4f86\u81ea\u6563\u6236\u548c\u77ed\u7dda\u8cc7\u91d1\u3002<\/p>\n

        \u751f\u6548\u65e5\uff1a<\/b>\u91cd\u9ede\u5728\u300c\u5be6\u969b\u8cc7\u91d1\u6d41\u52d5\u300d\u3002\u8ffd\u8e64 MSCI \u7684\u88ab\u52d5\u57fa\u91d1\u6703\u5728\u7576\u5929\u8abf\u5009\uff0c\u5927\u91cf\u8cb7\u8ce3\u6210\u5206\u80a1\uff0c\u5e38\u5f15\u767c\u76e4\u4e2d\u6216\u6536\u76e4\u524d\u300c\u4e09\u9ede\u534a\u300d\u884c\u60c5\uff0c\u50f9\u683c\u9707\u76ea\u66f4\u5f37\u3002<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

        \n

        \u7d0d\u5165 MSCI \u7684\u80a1\u7968\uff0c\u5916\u8cc7\u8cb7\u76e4\u6703\u6301\u7e8c\u591a\u4e45\uff1f\u4e00\u5b9a\u6703\u6f32\u55ce\uff1f<\/h3>\n
        \n

        \u5916\u8cc7\u8cb7\u76e4\u4e3b\u8981\u9396\u5b9a\u751f\u6548\u65e5\u3002\u904e\u5f8c\uff0c\u88ab\u52d5\u57fa\u91d1\u8abf\u5009\u5b8c\u7562\uff0c\u52d5\u80fd\u5c31\u5f31\u4e86\u3002\u80a1\u50f9\u7e8c\u6f32\u8207\u5426\uff0c\u53d6\u6c7a\u65bc\u57fa\u672c\u9762\u3001\u7372\u5229\u548c\u5e02\u5834\u6c1b\u570d\u3002\u7d0d\u5165 MSCI \u4e0d\u4fdd\u8b49\u4e0a\u6f32\uff0c\u5c24\u5176\u77ed\u671f\u6548\u61c9\u6563\u53bb\uff0c\u82e5\u57fa\u672c\u9762\u4e0d\u6490\uff0c\u80a1\u50f9\u53ef\u80fd\u56de\u843d\u3002<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

        \n

        MSCI \u53f0\u7063\u6307\u6578\u6b0a\u91cd\u4e0b\u964d\uff0c\u5c0d\u4e00\u822c\u53f0\u7063\u6563\u6236\u6295\u8cc7\u4eba\u4f86\u8aaa\u662f\u5229\u7a7a\u6d88\u606f\u55ce\uff1f<\/h3>\n
        \n

        \u6b0a\u91cd\u4e0b\u964d\u610f\u5473\u88ab\u52d5\u57fa\u91d1\u6e1b\u6301\u53f0\u80a1\uff0c\u53ef\u80fd\u5f15\u5916\u8cc7\u8ce3\u8d85\uff0c\u77ed\u671f\u5c0d\u53f0\u80a1\u6709\u58d3\u529b\uff0c\u7b97\u6f5b\u5728\u5229\u7a7a\u3002\u4f46\u6563\u6236\u5225\u614c\u5f35\u3002\u9019\u6216\u8a31\u56e0\u5176\u4ed6\u65b0\u8208\u5e02\u5834\u66f4\u5f37\uff0c\u6216\u53f0\u7063\u76f8\u5c0d\u6b0a\u91cd\u8abf\u6574\u3002\u91cd\u9ede\u770b\u4f01\u696d\u57fa\u672c\u9762\u548c\u5e02\u5834\u5229\u591a\u3002\u9577\u671f\u8005\u61c9\u91cd\u516c\u53f8\u672c\u8cea\uff0c\u975e\u55ae\u4e00\u6307\u6578\u6ce2\u52d5\u3002<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

        \n

        \u9664\u4e86 MSCI\uff0c\u53f0\u7063\u6295\u8cc7\u4eba\u9084\u9700\u8981\u95dc\u6ce8\u54ea\u4e9b\u570b\u969b\u6307\u6578\u7684\u8abf\u6574\uff1f\uff08\u5982\u5bcc\u6642\uff09<\/h3>\n
        \n

        \u9664\u4e86 MSCI\uff0c\u5bcc\u6642\u7f85\u7d20\uff08FTSE Russell\uff09\u6307\u6578\u4e5f\u5f88\u95dc\u9375\uff0c\u5176\u7cfb\u5217\u88ab\u570b\u969b\u57fa\u91d1\u8ffd\u8e64\u3002\u5bcc\u6642\u5168\u7403\u80a1\u7968\u6307\u6578\u7cfb\u5217\u7684\u8abf\u6574\uff0c\u4e5f\u6703\u5f71\u97ff\u5916\u8cc7\u9032\u53f0\u80a1\u3002\u53e6\u5916\uff0c\u6a19\u666e\u9053\u74ca\u6307\u6578\uff08S&P Dow Jones Indices\uff09\u96d6\u5c0d\u53f0\u80a1\u76f4\u63a5\u885d\u64ca\u5c0f\uff0c\u4f46\u5168\u7403\u52d5\u614b\u4ecd\u503c\u5f97\u7559\u610f\uff0c\u4f5c\u70ba\u8cc7\u91d1\u6d41\u5411\u53c3\u8003\u3002<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

        \n

        \u5982\u4f55\u67e5\u8a62\u6700\u65b0\u7684 MSCI \u6210\u5206\u80a1\u540d\u55ae\u8207\u6b0a\u91cd\u8b8a\u5316\uff1f<\/h3>\n
        \n

        \u6700\u53ef\u9760\u662f\u4e0a MSCI \u5b98\u7db2\u3002\u5b83\u5b9a\u671f\u767c\u4f48\u8abf\u6574\u7d50\u679c\u3001\u6210\u5206\u80a1\u548c\u570b\u5bb6\u6b0a\u91cd\u3002\u8ca1\u7d93\u65b0\u805e\u3001\u5238\u5546\u5831\u544a\u6216\u7d42\u7aef\u5982 Bloomberg\u3001Refinitiv\uff0c\u4e5f\u6703\u5373\u6642\u66f4\u65b0\uff0c\u65b9\u4fbf\u67e5\u8a62\u3002<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

        \n

        MSCI \u8abf\u6574\u5f8c\u88ab\u5254\u9664\u7684\u80a1\u7968\uff0c\u662f\u5426\u9069\u5408\u9032\u884c\u300c\u64bf\u4fbf\u5b9c\u300d\u64cd\u4f5c\uff1f<\/h3>\n
        \n

        \u5254\u9664\u80a1\u5e38\u56e0\u8ce3\u58d3\u4e0b\u8dcc\uff0c\u53ef\u80fd\u4f4e\u4f30\uff0c\u63d0\u4f9b\u64bf\u4fbf\u5b9c\u6a5f\u6703\u3002\u4f46\u8981\u5c0f\u5fc3\uff1a<\/p>\n

          \n
        • \u8a55\u4f30\u5254\u9664\u539f\u56e0\uff1a<\/b>\u662f\u5e02\u503c\u5c0f\u3001\u6d41\u52d5\u6027\u5dee\uff0c\u9084\u662f\u57fa\u672c\u9762\u60e1\u5316\uff1f\u5f8c\u8005\u4e0d\u5b9c\u78b0\u3002<\/li>\n
        • \u78ba\u8a8d\u662f\u5426\u6709\u5176\u4ed6\u5229\u7a7a\uff1a<\/b>\u4e0b\u8dcc\u80cc\u5f8c\u6709\u7121\u96b1\u85cf\u8ca0\u9762\uff1f<\/li>\n
        • \u89c0\u5bdf\u8ce3\u58d3\u662f\u5426\u7d50\u675f\uff1a<\/b>\u751f\u6548\u65e5\u5f8c\u8ce3\u58d3\u7de9\uff0c\u4f46\u9700\u7b49\u5e02\u5834\u6d88\u5316\u3002<\/li>\n<\/ul>\n

          \u6df1\u5165\u7814\u7a76\u57fa\u672c\u9762\uff0c\u7b49\u7bc9\u5e95\u8a0a\u865f\u518d\u5e03\u5c40\u3002<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

          \n

          MSCI \u6307\u6578\u8abf\u6574\u8207\u65b0\u53f0\u5e63\u532f\u7387\u4e4b\u9593\u6709\u95dc\u806f\u55ce\uff1f<\/h3>\n
          \n

          \u5169\u8005\u6709\u9593\u63a5\u9023\u7d50\u3002\u6b0a\u91cd\u4e0a\u8abf\u5e36\u5916\u8cc7\u6d41\u5165\uff0c\u7f8e\u5143\u63db\u65b0\u53f0\u5e63\u63a8\u5347\u532f\u7387\u8d70\u5f37\u3002\u53cd\u4e4b\uff0c\u6b0a\u91cd\u4e0b\u8abf\u6216\u6d41\u51fa\u53ef\u80fd\u58d3\u4f4e\u65b0\u53f0\u5e63\u3002\u4f46\u532f\u7387\u53d7\u592e\u884c\u653f\u7b56\u3001\u8cbf\u6613\u3001\u7f8e\u5143\u8d70\u52e2\u7b49\u591a\u56e0\u7d20\u5f71\u97ff\uff0cMSCI \u53ea\u662f\u5176\u4e2d\u4e00\u74b0\u3002<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

          \n

          \u88ab\u52d5\u5f0f\u57fa\u91d1\u548c\u4e3b\u52d5\u5f0f\u57fa\u91d1\u5728 MSCI \u8abf\u6574\u671f\u9593\u7684\u64cd\u4f5c\u6709\u4f55\u5340\u5225\uff1f<\/h3>\n
          \n
            \n
          • \u88ab\u52d5\u5f0f\u57fa\u91d1\uff1a<\/b>\u56b4\u5b88 MSCI \u6307\u6578\u3002\u8abf\u6574\u6642\uff0c\u5728\u751f\u6548\u65e5\u6a5f\u68b0\u8cb7\u8ce3\u6210\u5206\u80a1\uff0c\u78ba\u4fdd\u6301\u80a1\u5339\u914d\uff0c\u4e0d\u770b\u57fa\u672c\u9762\u6216\u60c5\u7dd2\u3002<\/li>\n
          • \u4e3b\u52d5\u5f0f\u57fa\u91d1\uff1a<\/b>\u7d93\u7406\u4eba\u4f9d\u7814\u7a76\u6c7a\u5b9a\u662f\u5426\u8ddf\u9032\u3002\u53ef\u80fd\u63d0\u524d\u5e03\u5c40\u3001\u751f\u6548\u5f8c\u53cd\u5411\u64cd\u4f5c\uff0c\u6216\u5ffd\u7565\u8abf\u6574\uff0c\u5c08\u6ce8\u57fa\u672c\u9762\u9078\u80a1\u3002\u5f48\u6027\u9ad8\uff0c\u4e0d\u88ab MSCI \u7d81\u6b7b\u3002<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"

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