Fixed Income（固收） | 🟡 中等 | 能看懂利率曲线、久期凸性、宏观冲击传导 |
Equity Market Fundamentals（权益市场基础） | 🟢 深度 | 能把“股票回报驱动”拆成可计算规则/因子 |
Derivatives Fundamentals（衍生品基础） | 🟡 中等偏浅 | 能理解 payoff、希腊字母、对冲逻辑，不做复杂定价 |
Options（期权） | 🟡 中等 | 够用：IV/Skew/Delta/Gamma 对市场的含义 |
Futures & Forwards（期货远期） | 🟡 中等 | 够用：期限结构/roll yield/套保用途 |
Swaps Fundamentals（互换） | 🔴 很浅 | 知道是利率/信用传导工具即可 |
Commodities Fundamentals（商品） | 🟡 中等偏浅 | 够用：供需/库存/期限结构/通胀属性 |
Foreign Exchange（外汇） | 🟡 中等偏浅 | 够用：利差、美元流动性、风险偏好 |
five asset class
Five major asset classes that investors typically consider for portfolio diversification include:
- Equities:
- Equities represent ownership in a company and entitle shareholders to a portion of the company's profits. They are traded on stock exchanges and can offer potential for capital appreciation and dividend income. Examples include common stocks and preferred stocks.
- Fixed Income:
- Fixed income securities provide regular interest payments and return the principal at maturity. They are generally considered less risky than equities. Examples include government bonds, corporate bonds, municipal bonds, and Treasury securities.
- Real Estate:
- Real estate investments involve purchasing property directly or indirectly through real estate investment trusts (REITs). This asset class can provide rental income, potential for property value appreciation, and portfolio diversification.
- Commodities:
- Commodities are physical goods like gold, silver, oil, agricultural products, and other raw materials. They can act as a hedge against inflation and provide diversification benefits due to their low correlation with traditional asset classes like stocks and bonds.
- Cash and Cash Equivalents:
- Cash and cash equivalents include short-term, highly liquid investments that can be quickly converted to cash with minimal risk of losing value. Examples are money market funds, Treasury bills, and certificates of deposit (CDs). This asset class provides stability and liquidity in a portfolio.
These asset classes offer different risk and return profiles, making them essential components for creating a balanced and diversified investment portfolio.
Fixed income
Derivatives
Foreign exchange
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