﷿﷿﷿﷿﷿﷿﷿﷿﷿﷿﷿﷿﷿﷿﷿﷿﷿
00㡸橛颗蝤﷿蝳캈陋檙캈흟흟匰膜菱ꁺ噧츁敵﷿䍎噧﷿╿₌ږ㦑﷿纆퍮
肟﷿褐ᑎ힀﷿慲텧칶ᆄ츁䑑䡙乗䁗﷿睭
豿퉔⦌統祺텧텧㹥﷿炙鎙婭陞﷿军齕龔큩鑩
葧橛꾗鑩﷿㹥﷿
慲⸄䍮龔閭貔﷿⿿蒈ⵝറ
酕ቩ璍﷿鉺₌䪞ݒҌ
慲쑜偪ǿ
蝤﷿蝳캈陋檙캈흟흟匰⦌㹥﷿慲炙鎙詟쑜륞鱰镺ꭳ梙ඟǿꎋ袟菱慲鑩橛げ颗陞䑑蝳﷿鑩
葧⵿剢鎐
쑜ੱ睚꽾
륞Ⱕ
菱﷿ꊔ
牥慲﷿캈ቔͻ﷿
㡸鑩橛げ颗陞䑑蝳ǿ⿿蒈轔솂㹥﷿
ᒐ皑
供﷿陋啐
﷿﷿斈﷿㔄慲ඟ﷿佧
⿿蒈梙ඟ袘⥸댰Ὑ﷿캈慲炙鎙﷿
佧
镺ꭳ㹥﷿
慲蝤
隙
ⱕ﷿颗⿿蒈炙鎙慲籼S垇㉚₌﷿剢걱躂卧꽭﷿﷿斈﷿㔄⿿蒈﷿ॷ慲袜匰佧躂慲嵗山﷿Ŗ쑜袜閭⿿蒈袘⥸慲乗﷿辂﷿﷿
灰獔ᑻ籭꽾꽾
供梙ඟ袘⥸慲炙鎙ǿ
Ґ⊈鎐﷿㹥흢﷿캈炙鎙﷿㹥흢䲈륞ꎋ袟敵❫
慲⩬☥﷿颗פֿ橛⊈蚀﷿褐ᔰ赩﷿摱﷿﷿㹥흢
菱袘⥸慲﷿캈炙鎙褤詟颗葠鱰統㡸梙ඟ慲ǿ
豿퉔⦌뎖琰鉺₌褐ᔰ慲鲖颗祺袜閭Ὑ颗䟿⽙蚀婭뎖䡑﷿剢걱쑜颗婭
蝤﷿蝳캈陋檙캈흟흟匰⦌浯Ҍ⊈鎐﷿褐ᔰ慲赩﷿թⵝ⩣鎐颗﷿摱蚀﷿﷿颗乣㹥흢䲈₌
젰դ袟敵㥒⨢LTRO츁long-term refinancing operation匰Ҍಌ隙㚂鉣﷿⩬☥﷿թ䡑﷿LTRO힀﷿ᱸ慲⩬☥袜閭
䲈慲隙㺞䪞﷿﷿䟿⽙蚀
䲈慲넃﷿啐
䲈肟鉺齬慲統啛﷿佧
⽙썹褐ᔰ慲赩﷿褤
౨
﷿뵕ᕡᑻ籭ꔃᵸ﷿캈炙鎙﷿浯Ҍ⊈鎐颗﷿摱蚀ⱕ﷿匰Ҍ⊈鎐﷿₌﷿캈慲炙鎙﷿㡸⿿蒈﷿
﷿螑䕥䲈﷿斈蝤
⩬☥褤轔솂㹥
菱慲욍
﷿﷿﷿㉛
⢍왎䲈쵫ᒕS垇躂卧꽭ǿ
豿퉔⦌㦑剦㵪纆ETF츁퍮떆袈
㺞﷿
띩供婭
蝤﷿蝳캈陋檙캈흟흟匰⦌թ筞佧縤﷿빵﷿㦑剦㵪纆ETF
큢䉒摱﷿
肟慲ETF統
﷿ꁺ噧㡸榈뙑䉙慲廬㺞ETF₌ږ㦑褐﷿颗摱慲
큢ǿթ䡑﷿륞颗灰袟摱慲
﷿ﵕ蚀ږ㦑袘⥸鲀୨榈뙑慲隙㺞ǿ廬㺞Ŗ颗乗䁗㮕隙퉔
閆﷿慲﷿榈뙑䉙陋
䲈떆袈﷿佧
왎﷿ږ㦑榈뙑褐ᔰ慲踤큢﷿಄뵕Ⱕ㮕隙퉔榈뙑
䲈떆袈﷿統಄
牥፱쮍₌ږ㦑供㡸榈뙑⊈
䲈떆袈﷿㮕慲桿﷿ǿ
豿퉔⦌ᒐRQFII츁榈뙑ᡜ钙纆聺葧㮕隙퉔ቩ﷿荵띩閭벀﷿佧
縤䞞婭
蝤﷿蝳캈陋檙캈흟흟匰⦌ⱜ縤﷿빵﷿詟
ቩ颗
慕慲﷿թ牥⿿
﷿륞袟ቩ躜﷿ⵝⵝ⩣왎肟
鑏ᶌ荵띩﷿թ牥쑜﷿륞袟ቩ
ǿ
豿퉔⦌﷿﷿䉙婭
蝤﷿蝳캈陋檙캈흟흟匰⦌筞佧慲縤뎖牥﷿빵﷿統㡸鎐ᑻթ牥쑜
뎖牥鎐慲﷿թ牥
﷿륞ቩ銑썹
ǿ
츁궀﷿ᑻ㹜ᆁ텧칶ᆄ慲舤䡙乗䁗ǿ﷿
噦
뭳썗뭳㑦뭳敵흷噧츁ݒҌ﷿
ږ㦑ᑻ籭앢ᑻ뭳䁗
