PDF《ͲਝႺϷพଉল‫ࢠڌ‬೔তӡ଻೔তᇁᆦ## ： C105011700》

12/19 12/17 12/15 12/13 12/11 12/09 12/07

80 100

120 140

160 180

200 100

80 60

40 20

0 -20 ??? ? ??? ? ? ? ? ? ? ?????????????????? ???????????????β??????? $ ??? ????П ?????????????????? ???????????????β??????? ?????????? ?????????З ??2019α3?29?? ???????? 4) ??2019α3?29?? ??????????Δ???????c?????????????c????? ???????????????e ?????????? ??????????????????????????????????????????e ???????????????????## : C1050117000135 ??????Ε ??????? (www.

chinawealth.com.cn) ????????? JPM????? ??? ?A ? ??? ??????????????????????????????????????????τ ???????????e?????????ιΕ???????????????????? ???????e????????????????????????????????? ??????????????????????????????????d???????????? ???????????????????????????e ????α?? $ ??? ????П ????α?? ?????????1???? ?????????? ?????? i 6,305.2 ???? ?????? ?????i 185.42 ?? ??12?? ????Г???? i 198.55 ?? / 181.52 ?? ι??? i 1998α10?23? ????? i ?? ?????? i Shrenick Shah ??? i ?α1.25% ????α???? i 12?31? ISIN?? i LU0095938881 ???? i JPMECAA LX ???????? ?????Φ?d????τ??d????? ??????????β????????c?????????ν?????c??????????ν?e??????????????c??????????c?? ??e????????Φ?ΦΕ?????Пc?τ????e???τ??Ε?Α?????????c?????Α?????e ??????????? ??? τ???  ???? ? ?????????????????????????????cοΕ???????????????? ??????????????c?????А????e??????????????c??????????????????????e????????? ???я?τ?????????????dτ??????А????????????????????eτ??????????????????????????? ??????e ???? Α? 3??c??????????????????????c?????????Α ?e??c??????????????СΡА?c??????????? ?????????Р?Ρc????????????e??c?Ψ?????? ??????????ν???????????c?????????????d?? ??????????????????????Ψ???e?????????????? ??????c??????????????????????????????c????? ???????ν?e??????ν???????????c?????А ???c????Ψ???????С??c?П?????????c????? ???????????????????c??????????????e ?? ????????????c?????????????????????Ε??? ??c??????????????e???????????????? ????????c??????Щ????Гe ????i??????c??2019α3?29?e ????????c??????????????????????c?????????????ν?c??? ??e?????????????????????c????????e ?τ???? ?????? (%) ?? 33.6 ????? C ?? 54.0 ???????????????? 12.4 ?????? ?????? 1) 5.2% Delta?? 36.7% α? 0.1α ?????? (%)3) ????????ι? 37.0 ???????? 17.7 ????? 13.2 ??????Ρ??? 11.2 ???? ??????????? 8.9 ?????????? 4.7 ???????? 4.0 ?????????? 3.3 Δ????? (%)3) ?? 52.1 ????????? 19.5 ?? 18.6 ????????? 7.1 ?? 2.7 ???? C ???П???? (%)3) ?? 69.8 ?? 18.8 ?????? 11.3 ?? 0.1 ???? (%) ???? 5.6 ???? -2.5 ???? C ????2) ???? (%) ???? 4.22 29/04/05 ????????i http://www.jpmorganassetmanagement.lu/ 1)??????????????e2)????????????????????????Ε???????c ???99%????A?????????????????e??????????????c??????????? ?e3)??????????c??????????Щ??dΔ?????П???????????e 4)??????01.05.05А???c???????????????????????????βc?? ???????eτ????????c???????????????????e???c??????ι ?????????01.05.05????c?????ι???????e ??????????????????????????????????????????????e???? ???????????????????????? c???????????????e ????i??????/Thomson Reuters Datastream??????????cν???А? ?e????????????????????????e ??Α? (%) ??? ?α ?α ?α ι??? A ??? C ???П +1.6 -4.6 +4.3 +29.3 +79.8 ?????? -0.2 -0.4 -1.2 -1.3 +16.1 ?αΑ? (%)

2014 2015

2016 2017

2018 α????? A ??? C ???П +12.7 +9.7 -5.5 +14.4 -3.3 +0.2 ?????? +0.1 -0.1 -0.3 -0.4 -0.4 -0.1 ??2019α3?29? e??????Α?????????????????????e