{"id":13166,"date":"2017-06-13T20:33:13","date_gmt":"2017-06-13T11:33:13","guid":{"rendered":"https:\/\/www.invast.jp\/blogs\/?p=13166"},"modified":"2019-12-05T15:39:08","modified_gmt":"2019-12-05T06:39:08","slug":"etf-start-guide-hirose","status":"publish","type":"post","link":"https:\/\/www.invast.jp\/blogs\/etf\/etf-start-guide-hirose","title":{"rendered":"ETF\u3068\u306f\uff1f\u521d\u5fc3\u8005\u5165\u9580"},"content":{"rendered":"<p>ETF\u306f\u30a8\u30af\u30b9\u30c1\u30a7\u30f3\u30b8\u30fb\u30c8\u30ec\u30fc\u30c7\u30c3\u30c9\u30fb\u30d5\u30a1\u30f3\u30c9\u306e\u7565\u3067\u3059\u3002<br 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href=\"https:\/\/www.invast.jp\/blogs\/etf\/etf-start-guide-hirose\/#%E5%8F%96%E5%BC%95%E6%89%80%E3%81%A7%E3%83%88%E3%83%AC%E3%83%BC%E3%83%89%E3%81%95%E3%82%8C%E3%82%8BETF%E3%81%AA%E3%82%89%E3%81%A7%E3%81%AF%E3%81%AE%E3%83%AA%E3%82%B9%E3%82%AF\" >\u53d6\u5f15\u6240\u3067\u30c8\u30ec\u30fc\u30c9\u3055\u308c\u308bETF\u306a\u3089\u3067\u306f\u306e\u30ea\u30b9\u30af<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-46\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/etf-start-guide-hirose\/#%E7%95%B0%E5%B8%B8%E5%80%A4%E3%81%AE%E4%BE%8B\" >\u7570\u5e38\u5024\u306e\u4f8b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-47\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/etf-start-guide-hirose\/#%E8%87%AA%E5%88%86%E3%81%AE%E6%B3%A8%E6%96%87%E3%81%A7%E6%B0%97%E9%85%8D%E3%82%92%E5%8B%95%E3%81%8B%E3%81%97%E3%81%A6%E3%81%97%E3%81%BE%E3%81%86%E3%83%AA%E3%82%B9%E3%82%AF\" >\u81ea\u5206\u306e\u6ce8\u6587\u3067\u6c17\u914d\u3092\u52d5\u304b\u3057\u3066\u3057\u307e\u3046\u30ea\u30b9\u30af<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-48\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/etf-start-guide-hirose\/#BidAsk%E3%81%AE%E3%82%B9%E3%83%97%E3%83%AC%E3%83%83%E3%83%89\" >Bid\/Ask\u306e\u30b9\u30d7\u30ec\u30c3\u30c9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-49\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/etf-start-guide-hirose\/#%E6%8C%87%E6%95%B0%E3%81%8B%E3%82%89%E3%81%AE%E4%B9%96%E9%9B%A2%EF%BC%88%E3%81%8B%E3%81%84%E3%82%8A%EF%BC%89\" >\u6307\u6570\u304b\u3089\u306e\u4e56\u96e2\uff08\u304b\u3044\u308a\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-50\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/etf-start-guide-hirose\/#ETF%E3%81%A8%E8%A6%8F%E5%88%B6\" >ETF\u3068\u898f\u5236<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 id=\"1\"><span class=\"ez-toc-section\" id=\"%E7%AC%AC1%E7%AB%A0%E3%81%AA%E3%81%9CETF%E3%81%AF%E5%A4%A7%E3%83%92%E3%83%83%E3%83%88%E5%95%86%E5%93%81%E3%81%AB%E3%81%AA%E3%81%A3%E3%81%9F%E3%81%AE%E3%81%8B%EF%BC%9F\"><\/span>\u7b2c<span>1<\/span>\u7ae0\u306a\u305c<span>ETF<\/span>\u306f\u5927\u30d2\u30c3\u30c8\u5546\u54c1\u306b\u306a\u3063\u305f\u306e\u304b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"%E6%96%B0%E3%81%97%E3%81%8F%E3%80%81%E8%B3%A2%E3%81%84%E8%B3%87%E7%94%A3%E9%81%8B%E7%94%A8%E3%81%8C%E5%BF%85%E8%A6%81%E3%81%AA%E6%99%82%E4%BB%A3%E3%81%AB\"><\/span>\u65b0\u3057\u304f\u3001\u8ce2\u3044\u8cc7\u7523\u904b\u7528\u304c\u5fc5\u8981\u306a\u6642\u4ee3\u306b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u6642\u4ee3\u306e\u5230\u6765\u3067\u3001\u9280\u884c\u306b\u304a\u91d1\u3092\u9810\u3051\u3066\u304a\u3044\u3066\u3082\u8cc7\u7523\u306f\u6b86\u3069\u5897\u3048\u307e\u305b\u3093\u3002\u305d\u3053\u3067\u9810\u91d1\u4ee5\u5916\u306e\u904b\u7528\u3092\u8003\u3048\u308b\u5fc5\u8981\u304c\u51fa\u3066\u304d\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u666e\u901a\u3001\u6211\u3005\u304c\u601d\u3044\u3064\u304f\u904b\u7528\u306e\u4ed5\u65b9\u3068\u3044\u3048\u3070\u3001\u6295\u8cc7\u4fe1\u8a17\u3001\u500b\u5225\u682a\u3078\u306e\u6295\u8cc7\u3001\u5916\u8ca8\u9810\u91d1\u3001\u50b5\u5238\u306a\u3069\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u6295\u8cc7\u4fe1\u8a17\u306f\u8a3c\u5238\u3084\u9280\u884c\u306e\u30bb\u30fc\u30eb\u30b9\u30de\u30f3\u304b\u3089\u8cfc\u5165\u3059\u308b\u3068\u3079\u3089\u307c\u3046\u306a\u8ca9\u58f2\u624b\u6570\u6599\u3092\u53d6\u3089\u308c\u307e\u3059\u3002\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306e\u6295\u8cc7\u4fe1\u8a17\u306e\u591a\u304f\u306f\u682a\u4fa1\u6307\u6570\u306b\u3059\u3089\u52dd\u3066\u306a\u3044\u3053\u3068\u306f\u5e83\u304f\u77e5\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u304b\u3068\u3044\u3063\u3066\u500b\u5225\u682a\u3078\u306e\u6295\u8cc7\u306f\u9298\u67c4\u3092\u826f\u304f\u77e5\u3089\u306a\u3051\u308c\u3070\u4e0d\u5b89\u3067\u3059\u3057\u3001\u696d\u7e3e\u306e\u60aa\u5316\u306b\u3088\u308b\u682a\u4fa1\u306e\u6025\u843d\u306a\u3069\u3001\u500b\u5225\u682a\u7279\u6709\u306e\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002\u5916\u8ca8\u9810\u91d1\u306e\u624b\u6570\u6599\u306f\u610f\u5916\u306b\u9ad8\u3044\u3067\u3059\u3057\u3001\u305d\u306e\u5272\u306b\u91d1\u5229\u306b\u306f\u9b45\u529b\u304c\u3042\u308a\u307e\u305b\u3093\u3002\u304b\u3068\u3044\u3063\u3066\u50b5\u5238\u306e\u30ea\u30bf\u30fc\u30f3\u3082\u77e5\u308c\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u6211\u3005\u306f\u65b0\u3057\u3044\u8cc7\u7523\u904b\u7528\u5148\u3092\u5fc5\u8981\u3068\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>ETF\uff08\u30a4\u30fc\u30fb\u30c6\u30a3\u30fc\u30fb\u30a8\u30d5\uff09\u306f\u3001\u6bd4\u8f03\u7684\u6b74\u53f2\u306e\u6d45\u3044\u91d1\u878d\u5546\u54c1\u3067\u3059\u3002\u3057\u304b\u3057\u305d\u308c\u304c\u30ed\u30fc\u30fb\u30b3\u30b9\u30c8\u3067\u4f7f\u3044\u52dd\u624b\u304c\u826f\u304f\u3001\u5805\u7262\u306a\u8a2d\u8a08\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u306f\u65e2\u306b\u8a3c\u660e\u3055\u308c\u3066\u3044\u307e\u3059\u3002<span>ETF<\/span>\u306f\u9298\u67c4\u3082\u8c4a\u5bcc\u3067\u3059\u306e\u3067\u81ea\u5206\u306b\u30d4\u30c3\u30bf\u30ea\u5408\u3063\u305f\u5546\u54c1\u3092\u9078\u3076\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b<span>ETF<\/span>\u306f\u512a\u308c\u3082\u306e\u5546\u54c1\u3067\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u6295\u8cc7\u5bb6\u3078\u306e\u5553\u8499\uff08\u3051\u3044\u3082\u3046\uff09\u4e0d\u8db3\u3067\u3001\u305d\u306e\u826f\u3055\u304c\u7406\u89e3\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u3002\u305d\u3053\u3067<span>ETF<\/span>\u3068\u3044\u3046\u3082\u306e\u3092\u3053\u308c\u304b\u3089\u7d39\u4ecb\u3057\u3066\u3086\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"ETF%E3%81%AF%E4%BA%BA%E6%B0%97%E5%95%86%E5%93%81\"><\/span><span>ETF<\/span>\u306f\u4eba\u6c17\u5546\u54c1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ETF\u306f\u3001\u305f\u3044\u3078\u3093\u4eba\u6c17\u304c\u3042\u308a\u307e\u3059\u3002\u4e0b\u306f\u7c73\u56fd\u306e\u6295\u8cc7\u4f1a\u793e\u5354\u4f1a\uff08<span>ICI<\/span>\uff09\u304c\u516c\u8868\u3057\u3066\u3044\u308b<span>ETF<\/span>\u306e\u7d14\u8cc7\u7523\u6b8b\u9ad8\u3067\u3059\u3002<span>2014<\/span>\u5e74\u672b\u306e\u6642\u70b9\u3067<span>ETF<\/span>\u306e\u7d14\u8cc7\u7523\u6b8b\u9ad8\u306f<span>1.97<\/span>\u5146\u30c9\u30eb\uff08\u7d04<span>244<\/span>\u5146\u5186\uff09\u3067\u3057\u305f\u3002\u7c73\u56fd\u3067\u6700\u521d\u306e<span>ETF<\/span>\u304c\u8a8d\u53ef\u3055\u308c\u305f\u306e\u306f<span>1993<\/span>\u5e74\u306e\u3053\u3068\u3067\u3059\u304b\u3089\u3001\u308f\u305a\u304b<span>20<\/span>\u5e74\u4f59\u308a\u3067\u6025\u6210\u9577\u3057\u305f\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic02-2.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic02-2.png\" alt=\"\" width=\"567\" height=\"370\" class=\"size-full wp-image-13168 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic02-2.png 567w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic02-2-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic02-2-304x198.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic02-2-282x184.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic02-2-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic02-2-400x262.png 400w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/p>\n<p><span class=\"f-marker-p\">ETF\u306f\u3001\u3068\u3066\u3082\u4eba\u6c17\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>ETF\u306e\u65e5\u672c\u3067\u306e\u666e\u53ca\u306f\u3001\u30cf\u30c3\u30ad\u30ea\u8a00\u3063\u3066\u307e\u3060\u307e\u3060\u3067\u3059\u3002\u3053\u308c\u306f<span>ETF<\/span>\u305d\u306e\u3082\u306e\u306b\u554f\u984c\u304c\u3042\u308b\u3068\u304b<span>ETF<\/span>\u306e\u4f1a\u793e\u304c\u60aa\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u306f\u306a\u304f\u3066\u3001\u3080\u3057\u308d\u65e5\u672c\u306e\u8a3c\u5238\u4f1a\u793e\u3084\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u306a\u3069\u306e\u91d1\u878d\u5546\u54c1\u306b\u95a2\u3059\u308b\u30a2\u30c9\u30d0\u30a4\u30b9\u3092\u3059\u308b\u7acb\u5834\u306e\u4eba\u3005\u306e\u7406\u89e3\u4e0d\u8db3\u3001\u52aa\u529b\u4e0d\u8db3\u306b\u56e0\u308b\u3068\u3053\u308d\u304c\u5927\u304d\u3044\u3067\u3059\u3002<\/p>\n<p>\u5b9f\u969b\u3001\u8a3c\u5238\u3084\u9280\u884c\u306e\u55b6\u696d\u62c5\u5f53\u8005\u304b\u3089\u3059\u308c\u3070\u3001\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u77e5\u6075\u304c\u3064\u304d\u3059\u304e\u3066\u3001\u5f93\u6765\u578b\u306e\u6295\u8cc7\u4fe1\u8a17\u304c\u58f2\u308c\u306a\u304f\u306a\u308a\u3001<span>ETF<\/span>\u306e\u65b9\u306b\u8cc7\u91d1\u304c\u6d41\u308c\u308b\u3068\u9ad8\u3044\u624b\u6570\u6599\u304c\u53d6\u308c\u306a\u304f\u306a\u308b\u306e\u3067\u3001\u307e\u3053\u3068\u306b\u4e0d\u90fd\u5408\u306a\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u65e5\u672c\u3067<span>ETF<\/span>\u306e\u666e\u53ca\u304c\u9045\u308c\u3066\u3044\u308b\u306e\u306f\u91d1\u878d\u6a5f\u95a2\u304c\u3053\u306e\u512a\u308c\u30e2\u30ce\u5546\u54c1\u3092\u7d39\u4ecb\u3059\u308b\u3053\u3068\u3092\u610f\u56f3\u7684\u306b\u907f\u3051\u3066\u3044\u308b\u304b\u3089<\/span><\/p>\n<p>\u305d\u308c\u3067\u306f\u306a\u305c<span>ETF<\/span>\u306f\u5927\u30d2\u30c3\u30c8\u5546\u54c1\u306b\u306a\u3063\u305f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3000\u305d\u306e\u7406\u7531\u3092\u5217\u6319\u3059\u308b\u3068\u3001\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\uff1a<\/p>\n<ol>\n<li>\u30b3\u30b9\u30c8\u304c\u5b89\u3044<\/li>\n<li>\u30b5\u30af\u30b5\u30af\u58f2\u8cb7\u3067\u304d\u308b<\/li>\n<li>\u900f\u660e\u6027<\/li>\n<li>\u5206\u6563\u3092\u5f97\u3084\u3059\u3044<\/li>\n<li>\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u304c\u3057\u3084\u3059\u3044<\/li>\n<\/ol>\n<p>\u3053\u308c\u3089\u306e\u70b9\u306b\u3064\u3044\u3066\u3001\u9806\u756a\u306b\u898b\u3066\u884c\u304d\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%82%B3%E3%82%B9%E3%83%88%E3%81%8C%E5%AE%89%E3%81%84\"><\/span>\u30b3\u30b9\u30c8\u304c\u5b89\u3044<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u3044\u307e\u5b58\u5728\u3059\u308b<span>ETF<\/span>\u3059\u3079\u3066\u3092\u6642\u4fa1\u7dcf\u984d\u3067\u52a0\u91cd\u5e73\u5747\u3057\u3001\u5e73\u5747\u8cbb\u7528\u6bd4\u7387\u3092\u51fa\u3059\u3068\u3001\u7d04<span>0.30<\/span>\uff05\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u540c\u69d8\u306b\u7d14\u8cc7\u7523\u306e\u5927\u304d\u3055\u3067\u52a0\u91cd\u5e73\u5747\u3057\u305f\u30a2\u30af\u30c6\u30a3\u30d6\u578b\u6295\u8cc7\u4fe1\u8a17\u306e\u5e73\u5747\u8cbb\u7528\u6bd4\u7387\u306e<span>0.66<\/span>\uff05\u306b\u6bd4\u3079\u308b\u3068\u3001\u534a\u5206\u4ee5\u4e0b\u3067\u3059\u3002\u3064\u307e\u308a<span>ETF<\/span>\u306f\u3001\u307e\u305a\u30b3\u30b9\u30c8\u304c\u5b89\u3044\uff01\u3000\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u307e\u305a<span>ETF<\/span>\u306f\u5727\u5012\u7684\u306b\u30b3\u30b9\u30c8\u304c\u5b89\u3044\uff01<\/span><\/p>\n<p>\u3057\u304b\u3082\u4eba\u6c17\u306e\u9ad8\u3044<span>ETF<\/span>\u306f\u3001\u4e00\u822c\u306b\u8cbb\u7528\u6bd4\u7387\uff08\u30a8\u30af\u30b9\u30da\u30f3\u30b9\u30fb\u30ec\u30b7\u30aa\uff09\u304c\u3082\u306e\u3059\u3054\u304f\u4f4e\u3044\u3068\u3044\u3046\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002\u305f\u3068\u3048\u3070\uff1a<\/p>\n<ul>\n<li>SPDR\u00ae S&amp;P500\u00ae ETF Trust\uff08<span>SPY<\/span>\uff09\u3000<span>0.09<\/span>\uff05<\/li>\n<li>i\u30b7\u30a7\u30a2\u30fc\u30ba\u30fb\u30b3\u30a2<span>S&amp;P500\u00ae ETF<\/span>\uff08<span>IVV<\/span>\uff09<span>0.07%<\/span><\/li>\n<li>i\u30b7\u30a7\u30a2\u30fc\u30ba<span>MSCI EAFE ETF<\/span>\uff08<span>EFA<\/span>\uff09<span>0.33%<\/span><\/li>\n<li>\u30d0\u30f3\u30ac\u30fc\u30c9<span>\u00ae<\/span>\u30fb\u30c8\u30fc\u30bf\u30eb\u30fb\u30b9\u30c8\u30c3\u30af\u30fb\u30de\u30fc\u30b1\u30c3\u30c8<span>ETF <\/span>\uff08<span>VTI<\/span>\uff09<span>0.05%<\/span><\/li>\n<li>\u30d0\u30f3\u30ac\u30fc\u30c9<span>FTSE<\/span>\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u30fb\u30de\u30fc\u30b1\u30c3\u30c8<span>ETF<\/span>\uff08<span>VWO<\/span>\uff09<span>0.15%<\/span><\/li>\n<\/ul>\n<p>\u3068\u3044\u3063\u305f\u5177\u5408\u3067\u3059\u3002<span>S&amp;P500\u00ae<\/span>\u3068\u306f\u30a2\u30e1\u30ea\u30ab\u3092\u4ee3\u8868\u3059\u308b\u682a\u4fa1\u6307\u6570\u3067\u3001\u6642\u4fa1\u7dcf\u984d\u306e\u5927\u304d\u3044\u4f01\u696d\u3092\u4e2d\u5fc3\u306b\u4e0a\u304b\u3089<span>500<\/span>\u9298\u67c4\u3092\u7db2\u7f85\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3092\u8cb7\u3046\u3053\u3068\u3067\u3001\u7c73\u56fd\u682a\u5f0f\u5e02\u5834\u3092\u307e\u308b\u3054\u3068\u8cb7\u3063\u305f\u306e\u3068\u307b\u307c\u540c\u3058\u6295\u8cc7\u52b9\u679c\u3092\u5f97\u308b\u3053\u3068\u304c\u51fa\u6765\u307e\u3059\u3002\u4e0a\u306e<span>ETF<\/span>\u306e\u4e2d\u3067\u306f<span>SPY<\/span>\u3068<span>IVV<\/span>\u304c<span>S&amp;P500<\/span>\u6307\u6570\u306b\u9023\u52d5\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>EAFE\u3068\u306f\u7c73\u56fd\u3068\u30ab\u30ca\u30c0\u4ee5\u5916\u306e\u5148\u9032\u56fd\u3092\u6307\u3057\u307e\u3059\u3002\u3060\u304b\u3089\u4f8b\u3048\u3070\u4e0a\u8ff0\u306e<span>SPY<\/span>\u3068<span>EFA<\/span>\u3068\u7d44\u307f\u5408\u308f\u305b\u3066\u3082\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u304c\u3060\u3076\u3089\u306a\u3044\u3068\u3044\u3046\u88dc\u5b8c\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>VTI\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u5f0f\u5e02\u5834\u5168\u4f53\u306b\u6295\u8cc7\u3067\u304d\u308b<span>ETF<\/span>\u3067\u3001\u7c73\u56fd\u5e02\u5834\u306e<span>99.5<\/span>\uff05\u3092\u30ab\u30d0\u30fc\u3067\u304d\u307e\u3059\u3002\u8a00\u3044\u63db\u3048\u308c\u3070<span>S&amp;P500<\/span>\u6307\u6570\u3088\u308a\u3055\u3089\u306b\u5e45\u5e83\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>VWO\u306f\u4e16\u754c\u306e\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u306b\u6295\u8cc7\u3067\u304d\u308b<span>ETF<\/span>\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%82%B5%E3%82%AF%E3%82%B5%E3%82%AF%E5%A3%B2%E8%B2%B7%E3%81%A7%E3%81%8D%E3%82%8B\"><\/span>\u30b5\u30af\u30b5\u30af\u58f2\u8cb7\u3067\u304d\u308b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ETF\u304c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u4eba\u6c17\u306a<span>2<\/span>\u3064\u76ee\u306e\u7406\u7531\u306f\u3001\u30b5\u30af\u30b5\u30af\u58f2\u8cb7\u3067\u304d\u308b\u70b9\u306b\u3042\u308a\u307e\u3059\u3002\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u306f\u65e5\u3005\u306e\u51fa\u6765\u9ad8\u304c\u5927\u304d\u3044\u3060\u3051\u3067\u306a\u304f\u3001<span>Bid<\/span>\u3068<span>Ask<\/span>\u306e\u9593\u306e\u4e56\u96e2\uff08\u304b\u3044\u308a\uff09\u3082\u3001\u6b86\u3069\u7121\u3044\u306b\u7b49\u3057\u3044\u3067\u3059\u3002\u3053\u308c\u306f\u81ea\u5206\u304c\u601d\u3063\u305f\u901a\u308a\u306e\u5024\u6bb5\u3067\u3001\u5373\u5ea7\u306b\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u305f\u3066\u3089\u308c\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic03-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic03-1.png\" alt=\"\" width=\"567\" height=\"371\" class=\"size-full wp-image-13169 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic03-1.png 567w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic03-1-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic03-1-304x199.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic03-1-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic03-1-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic03-1-400x262.png 400w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/p>\n<p>\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u30b5\u30af\u30b5\u30af\u58f2\u8cb7\u3067\u304d\u308b\u3053\u3068\u306f\u305d\u306e\u30c8\u30ec\u30fc\u30c9\u306e\u52dd\u3061\u8ca0\u3051\u3092\u5de6\u53f3\u3057\u304b\u306d\u306a\u3044\u5927\u4e8b\u306a\u554f\u984c\u3067\u3059\u3002\u305d\u306e\u70b9\u3001\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u306f\u5408\u683c\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u306f\u3001\u30b5\u30af\u30b5\u30af\u3068\u6c17\u6301\u3061\u3088\u304f\u30c8\u30ec\u30fc\u30c9\u3067\u304d\u308b<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"ETF%E3%81%AF%E3%83%88%E3%83%AC%E3%83%BC%E3%83%89%E3%81%AB%E3%82%82%E9%81%A9%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B\"><\/span><span>ETF<\/span>\u306f\u30c8\u30ec\u30fc\u30c9\u306b\u3082\u9069\u3057\u3066\u3044\u308b<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>ETF\u306f\u6975\u3081\u3066\u6d3b\u767a\u306b\u30c8\u30ec\u30fc\u30c9\u3055\u308c\u3066\u3044\u308b\u70b9\u3067\u3082\u5927\u3044\u306b\u6ce8\u76ee\u3059\u3079\u304d\u3067\u3059\u3002\u7c73\u56fd\u3067\u306f\u6bce\u65e5\u58f2\u8cb7\u4ee3\u91d1\u306b\u3057\u3066\u7d04<span>7.8<\/span>\u5146\u5186\u3082\u306e<span>ETF<\/span>\u304c\u58f2\u308a\u8cb7\u3044\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u3053\u308c\u306f\u7c73\u56fd\u306e\u5168\u3066\u306e\u682a\u5f0f\u5e02\u5834\u306b\u304a\u3051\u308b<span>1<\/span>\u65e5\u5f53\u305f\u308a\u306e\u58f2\u8cb7\u4ee3\u91d1\u7d04<span>27<\/span>\uff05\u306b\u76f8\u5f53\u3057\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306f\u3001\u9a5a\u304f\u307b\u3069\u6d3b\u767a\u306b\u58f2\u308a\u8cb7\u3044\u3055\u308c\u3066\u3044\u308b<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E9%80%8F%E6%98%8E%E6%80%A7\"><\/span>\u900f\u660e\u6027<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u7c73\u56fd\u306e\u6295\u8cc7\u4fe1\u8a17\u306e\u5834\u5408\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u904b\u7528\u5831\u544a\u306e\u7fa9\u52d9\u306f\u56db\u534a\u671f\u30d9\u30fc\u30b9\u3067\u3042\u308a\u3001\u3057\u304b\u3082\u56db\u534a\u671f\u3067\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u3006\u3066\u304b\u3089<span>60<\/span>\u65e5\u4ee5\u5185\u306b\u5831\u544a\u66f8\u3092\u53d7\u76ca\u8005\u3078\u9001\u4ed8\u3059\u308c\u3070\u826f\u3044\u3053\u3068\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3059\u308b\u3068\u6295\u8cc7\u5bb6\u304c\u81ea\u5206\u306e\u6301\u3063\u3066\u3044\u308b\u30d5\u30a1\u30f3\u30c9\u306e\u4e2d\u8eab\u3092\u6b63\u78ba\u306b\u77e5\u308d\u3046\u3068\u3059\u308b\u3068\u3001\u307e\u308b\u307e\u308b<span>2<\/span>\u304b\u6708\u3082\u306e\u9045\u5ef6\u304c\u751f\u3058\u308b\u308f\u3051\u3067\u3059\u3002\u3053\u308c\u306b\u5bfe\u3057\u3066<span>ETF<\/span>\u306f\u3001\u6bce\u65e5\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u8eab\u304c\u5f15\u3051\u5f8c\u306b\u516c\u8868\u3055\u308c\u307e\u3059\u3002\u3053\u306e\u305f\u3081\u81ea\u5206\u304c\u3044\u307e\u4f55\u306b\u6295\u8cc7\u3057\u3066\u3044\u308b\u306e\u304b\uff1f\u3000\u3068\u3044\u3046\u3053\u3068\u304c\u304d\u3061\u3093\u3068\u308f\u304b\u308a\u3001\u305d\u306e\u5206\u3001\u5b89\u5fc3\u611f\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306f\u57fa\u672c\u3001\u6bce\u65e5\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u8eab\u3092\u516c\u8868\u3057\u3066\u3044\u308b<\/span><\/p>\n<p>\u4f46\u3057\u30d0\u30f3\u30ac\u30fc\u30c9\u3060\u3051\u306f<span>15<\/span>\u65e5\u9045\u308c\u3067\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5185\u5bb9\u3092\u516c\u8868\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E5%88%86%E6%95%A3%E3%82%92%E5%BE%97%E3%82%84%E3%81%99%E3%81%84\"><\/span>\u5206\u6563\u3092\u5f97\u3084\u3059\u3044<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ETF\u306f\u305d\u308c\u3092\u3072\u3068\u3064\u8cb7\u3046\u3060\u3051\u3067\u5206\u6563\u6295\u8cc7\u304c\u51fa\u6765\u307e\u3059\u3002\u3053\u306e\u3053\u3068\u306f\u500b\u5225\u682a\u304c\u60aa\u3044\u6c7a\u7b97\u3092\u51fa\u3059\u3001\u3042\u308b\u3044\u306f\u5012\u7523\u3059\u308b\u3001\u306a\u3069\u306e\u30cb\u30e5\u30fc\u30b9\u304b\u3089\u3001\u3042\u308b\u7a0b\u5ea6\u3001\u81ea\u5206\u306e\u6295\u8cc7\u8cc7\u7523\u3092\u5b88\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<p>\u307f\u306a\u3055\u3093\u306e\u4e2d\u306b\u306f\uff08\u6295\u8cc7\u306b\u306f\u8208\u5473\u304c\u3042\u308b\u3051\u308c\u3069\u3001\u3068\u3066\u3082\u500b\u5225\u682a\u306e\u3053\u3068\u3092\u52c9\u5f37\u3059\u308b\u3060\u3051\u306e\u6642\u9593\u304c\u306a\u3044\uff09\u3068\u611f\u3058\u3066\u3044\u308b\u65b9\u3082\u591a\u3044\u3067\u3057\u3087\u3046\u3002\u305d\u306e\u3088\u3046\u306a\u5834\u5408\u3001<span>ETF<\/span>\u306f\u7d30\u304b\u3044\u6c7a\u7b97\u3084\u500b\u5225\u682a\u30ea\u30b9\u30af\u3092\u6c17\u306b\u3057\u306a\u304f\u3066\u826f\u3044\u306e\u3067\u3042\u308a\u304c\u305f\u3044\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306a\u3089\u500b\u5225\u682a\u306e\u30ea\u30b9\u30af\u3092\u4f59\u308a\u6c17\u306b\u3057\u306a\u304f\u3066\u826f\u3044<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%82%A2%E3%82%BB%E3%83%83%E3%83%88%E3%83%BB%E3%82%A2%E3%83%AD%E3%82%B1%E3%83%BC%E3%82%B7%E3%83%A7%E3%83%B3%E3%81%8C%E3%81%97%E3%82%84%E3%81%99%E3%81%84\"><\/span>\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u304c\u3057\u3084\u3059\u3044<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6700\u5f8c\u306e\u30dd\u30a4\u30f3\u30c8\u3068\u3057\u3066<span>ETF<\/span>\u306f\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u304c\u3057\u3084\u3059\u3044\u3068\u3044\u3046\u5229\u70b9\u304c\u3042\u308a\u307e\u3059\u3002\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u3068\u306f\u3044\u308d\u3044\u308d\u306a\u8a3c\u5238\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u30ea\u30b9\u30af\u3084\u30ea\u30bf\u30fc\u30f3\u3092\u81ea\u5206\u306e\u304a\u3042\u3064\u3089\u3048\u5411\u304d\u306b\u8abf\u6574\u3059\u308b\u884c\u70ba\u3092\u6307\u3057\u307e\u3059\u3002<\/p>\n<p>\u5148\u9032\u56fd\u3068\u65b0\u8208\u56fd\u306e<span>ETF<\/span>\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3001\u682a\u3068\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e<span>ETF<\/span>\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3001\u3055\u3089\u306b\u50b5\u5238\u306e<span>ETF<\/span>\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u2026\u2026\u306a\u3069\u306e\u65b9\u6cd5\u306b\u3088\u308a\u3001\u81ea\u5206\u306e\u597d\u304d\u306a\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u3092\u305f\u3061\u3069\u3053\u308d\u306b\u5b9f\u73fe\u3059\u308b\u3053\u3068\u304c\u51fa\u6765\u308b\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306f\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u304c\u3057\u3084\u3059\u3044<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ETF%E3%81%AF%E6%9C%AA%E3%81%A0%E4%BC%B8%E3%81%B3%E7%9B%9B%E3%82%8A\"><\/span><span>ETF<\/span>\u306f\u672a\u3060\u4f38\u3073\u76db\u308a<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u3053\u306e\u3088\u3046\u306b<span>ETF<\/span>\u306f\u65e2\u306b\u5de8\u5927\u306a\u30de\u30fc\u30b1\u30c3\u30c8\u306b\u6210\u9577\u3057\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u305d\u308c\u306f\u4eca\u5f8c\u306e\u300c\u4f38\u3073\u3057\u308d\u300d\u304c\u7121\u304f\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3044\u307e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e<span>ETF<\/span>\u4fdd\u6709\u6bd4\u7387\u3092\u898b\u308b\u3068\u3001\u7c73\u56fd\u306e\u5e74\u91d1\u306e\u7dcf\u8cc7\u7523\u984d\u306f<span>619<\/span>\u5146\u5186\u3067\u3059\u304c\u3001\u305d\u306e\u4e2d\u306b\u5360\u3081\u308b<span>ETF<\/span>\u306e\u91d1\u984d\u306f\u50c5\u304b<span>3.4<\/span>\u5146\u5186\u306b\u3059\u304e\u307e\u305b\u3093\u3002\u3053\u308c\u306f\u6bd4\u7387\u306b\u3057\u3066<span>0.55<\/span>\uff05\u3067\u3059\u3002\u307e\u305f\u7c73\u56fd\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306e\u7dcf\u8cc7\u7523\u984d\u306f<span>338<\/span>\u5146\u5186\u3067\u3059\u304c\u3001\u305d\u306e\u4e2d\u306b\u5360\u3081\u308b<span>ETF<\/span>\u306e\u91d1\u984d\u306f<span>3.8<\/span>\u5146\u5186\u3067\u3059\u3002\u3053\u308c\u306f\u6bd4\u7387\u306b\u3057\u3066<span>1.13<\/span>\uff05\u3067\u3059\u3002<\/p>\n<p>\u6b74\u53f2\u7684\u306b\u7c73\u56fd\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u76f8\u5834\u304c\u9ad8\u304f\u306a\u308a\u305d\u3046\u306a\u3068\u304d\u3001\u3066\u3063\u3068\u308a\u65e9\u304f\u682a\u5f0f\u306e\u6bd4\u7387\u3092\u5f15\u304d\u4e0a\u3052\u308b\u3084\u308a\u65b9\u3068\u3057\u3066\u3068\u308a\u3042\u3048\u305a<span>SPDR\u00ae S&amp;P500\u00ae Trust<\/span>\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>SPY<\/span>\uff09\u3092\u8cfc\u5165\u3059\u308b\u2026\u2026\u3068\u3044\u3046\u4f7f\u3044\u65b9\u3092\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u3044\u307e\u3067\u3082<span>ETF<\/span>\u306e\u4f7f\u3044\u9053\u306f\u305d\u306e\u7a0b\u5ea6\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3082\u591a\u3044\u3067\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057<span>ETF<\/span>\u81ea\u4f53\u304c\u3069\u3093\u3069\u3093\u9032\u5316\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u52a0\u3048\u3066<span>ETF<\/span>\u306e\u4f7f\u3044\u3053\u306a\u3057\u65b9\u3082\u6700\u8fd1\u306f\u3069\u3093\u3069\u3093\u6d17\u7df4\u3055\u308c\u3001\u9ad8\u5ea6\u5316\u3057\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u9023\u8f09\u3067\u3082\u5f8c\u3067\u305d\u306e\u3088\u3046\u306a\u30c8\u30ec\u30fc\u30c9\u30fb\u30b9\u30c8\u30e9\u30c6\u30b8\u30fc\u306b\u89e6\u308c\u3066\u3086\u304d\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u52a0\u3048\u3066\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\uff08<span>FA<\/span>\uff09\u3082\u6700\u8fd1\u306f<span>ETF<\/span>\u306e\u30e1\u30ea\u30c3\u30c8\u306b\u958b\u773c\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306e\u6210\u9577\u306f\u3001\u307e\u3060\u307e\u3060\u3053\u308c\u304b\u3089\u3060<\/span><\/p>\n<p>\uff08<span>ETF-gateway<\/span>\u8ee2\u8f09\u8a18\u4e8b\uff1a<a href=\"https:\/\/www.etf-gateway.jp\/beginner\/reason\/?_bdld=1p1D+H.lvbkcWj\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.etf-gateway.jp\/beginner\/reason\/<\/a>\uff09<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"2\"><span class=\"ez-toc-section\" id=\"%E7%AC%AC2%E7%AB%A0ETF%E3%81%AE%E5%B8%82%E5%A0%B4%E6%88%90%E9%95%B7%E3%80%80%E3%83%88%E3%83%AC%E3%83%BC%E3%83%89%E5%AF%BE%E8%B1%A1%E3%81%A8%E3%81%97%E3%81%A6%E3%81%AE%E9%AD%85%E5%8A%9B\"><\/span>\u7b2c<span>2<\/span>\u7ae0<span>ETF<\/span>\u306e\u5e02\u5834\u6210\u9577\u3000\u30c8\u30ec\u30fc\u30c9\u5bfe\u8c61\u3068\u3057\u3066\u306e\u9b45\u529b<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"ETF%E4%BA%BA%E6%B0%97%E3%81%AE%E7%A7%98%E5%AF%86\"><\/span><span>ETF<\/span>\u4eba\u6c17\u306e\u79d8\u5bc6<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u7b2c<span>1<\/span>\u7ae0\u3067\u898b\u305f\u3088\u3046\u306b<span>ETF<\/span>\u306f\u30b3\u30b9\u30c8\u304c\u5b89\u3044\u3067\u3059\u3002<span>ETF<\/span>\u306e\u30b3\u30b9\u30c8\u304c\u6295\u8cc7\u4fe1\u8a17\u306b\u6bd4\u3079\u3066\u5b89\u3044\u7406\u7531\u306f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u7dad\u6301\u3092\u300c\u5916\u90e8\u5316\u300d\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u7b2c<span>3<\/span>\u7ae0\u3067\u8a73\u3057\u304f\u8ff0\u3079\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f<span>ETF<\/span>\u306b\u306f\u900f\u660e\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u6bce\u65e5\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30b3\u30f3\u30dd\u30b8\u30b7\u30e7\u30f3\u30fb\u30d5\u30a1\u30a4\u30eb\uff08<span>PCF<\/span>\uff09\u3068\u547c\u3070\u308c\u308b\u4fdd\u6709\u9298\u67c4\u306e\u30ea\u30b9\u30c8\u3092\u516c\u8868\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002<span>ETF<\/span>\u306e\u6295\u8cc7\u5bb6\u306f\u81ea\u5206\u304c\u4fdd\u6709\u3057\u3066\u3044\u308b<span>ETF<\/span>\u306e\u4e2d\u8eab\u304c\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u3092\u6bce\u65e5\u3001\u6b63\u78ba\u306b\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u306f\u6295\u8cc7\u4fe1\u8a17\u3067\u306f\u51fa\u6765\u306a\u3044\u4e8b\u3067\u3059\u3002<\/p>\n<p>\u682a\u4fa1\u6307\u6570\u306a\u3069\u306b\u6295\u8cc7\u3059\u308b<span>ETF<\/span>\u306e\u5834\u5408\u3001\u6ca2\u5c71\u306e\u9298\u67c4\u304b\u3089\u69cb\u6210\u3055\u308c\u308b\u6307\u6570\u3092\u307e\u308b\u3054\u3068\u8cb7\u3046\u4e8b\u304c\u51fa\u6765\u308b\u306e\u3067\u3001\u5373\u5ea7\u306b\u5206\u6563\u52b9\u679c\u3092\u5f97\u308b\u3053\u3068\u304c\u51fa\u6765\u307e\u3059\u3002\u3053\u308c\u3082<span>ETF<\/span>\u304c\u30dd\u30d4\u30e5\u30e9\u30fc\u306a\u7406\u7531\u3067\u3059\u3002\u307e\u305f\u8907\u6570\u306e<span>ETF<\/span>\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u306b\u3088\u3063\u3066\uff08\u65e5\u672c\u5e02\u5834\uff0b\u5916\u56fd\u5e02\u5834\uff09\u3001\u3042\u308b\u3044\u306f\uff08\u682a\u5f0f\uff0b\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\uff09\u306a\u3069\u81ea\u5206\u306e\u597d\u307f\u306b\u5408\u308f\u305b\u305f\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u3092\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306e\u4eba\u6c17\u306e\u79d8\u5bc6\u306f\u3001\u30b3\u30b9\u30c8\u304c\u5b89\u304f\u3001\u900f\u660e\u6027\u304c\u3042\u308a\u3001\u5206\u6563\u52b9\u679c\u304c\u5f97\u3089\u308c\u3084\u3059\u304f\u3001\u307e\u305f\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u3082\u7c21\u5358\u3060\u304b\u3089\u3060<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E8%B3%87%E7%94%A3%E6%AE%8B%E9%AB%98%E9%9D%A2%E3%81%8B%E3%82%89%E8%A6%8B%E3%81%9FETF%E3%81%AE%E6%88%90%E9%95%B7\"><\/span>\u8cc7\u7523\u6b8b\u9ad8\u9762\u304b\u3089\u898b\u305f<span>ETF<\/span>\u306e\u6210\u9577<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u73fe\u5728\u3001\u7c73\u56fd\u306e<span>ETF<\/span>\u5e02\u5834\u306f\u7d04<span>235<\/span>\u5146\u5186\u5e02\u5834\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic04-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic04-1.png\" alt=\"\" width=\"567\" height=\"370\" class=\"size-full wp-image-13170 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic04-1.png 567w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic04-1-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic04-1-304x198.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic04-1-282x184.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic04-1-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic04-1-400x262.png 400w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/p>\n<p>\u307e\u305f\u7c73\u56fd\u4ee5\u5916\u306e<span>ETF<\/span>\u3082\u52a0\u3048\u308b\u3068\u5e02\u5834\u898f\u6a21\u306f<span>335<\/span>\u5146\u5186\u3068\u306a\u308a\u307e\u3059\u3002\u904e\u53bb<span>15<\/span>\u5e74\u9593\u306e<span>ETF<\/span>\u8cc7\u7523\u306e\u6210\u9577\u7387\u306f\u5e74\u7387<span>25<\/span>\uff05\u3067\u3057\u305f\u3002\u3053\u308c\u306f\u8272\u3005\u306a\u91d1\u878d\u5546\u54c1\u306e\u6210\u9577\u7387\u306e\u4e2d\u3067\u3001\u6700\u3082\u9ad8\u3044\u90e8\u985e\u306b\u5165\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306f\u3001\u3042\u3089\u3086\u308b\u91d1\u878d\u5546\u54c1\u306e\u4e2d\u3067\u6700\u3082\u9ad8\u3044\u6210\u9577\u3092\u7dad\u6301\u3057\u3066\u304d\u305f<\/span><\/p>\n<p>\u8fd1\u5e74\u3001<span>ETF<\/span>\u304c\u96c6\u3081\u308b\u65b0\u898f\u8cc7\u91d1\u306f\u3001\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u6295\u4fe1\u3084\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3092\u30b3\u30f3\u30b9\u30bf\u30f3\u30c8\u306b\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u4e00\u65b9\u3067\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30d5\u30a1\u30f3\u30c9\u304b\u3089\u306f\u8cc7\u7523\u304c\u6d41\u5931\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u3082\u4e16\u754c\u306e\u6295\u8cc7\u4fe1\u8a17\u306b\u5360\u3081\u308b\u7c73\u56fd\u306e<span>ETF<\/span>\u306f<span>6<\/span>\uff05\u306b\u904e\u304e\u305a\u3001\u307e\u3060\u307e\u3060\u300c\u4f38\u3073\u3057\u308d\u300d\u306f\u5927\u304d\u3044\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic05-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic05-1.png\" alt=\"\" width=\"567\" height=\"370\" class=\"size-full wp-image-13171 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic05-1.png 567w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic05-1-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic05-1-304x198.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic05-1-282x184.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic05-1-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic05-1-400x262.png 400w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/p>\n<p>ETF\u306e\u5b58\u5728\u611f\u3092\u3001\u5225\u306e\u8996\u70b9\u304b\u3089\u8003\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u3044\u307e\u7c73\u56fd\u5168\u4e0a\u5834\u682a\u5f0f\u306e\u3046\u3061<span>ETF<\/span>\u304c\u682a\u4e3b\u3068\u3057\u3066\u5360\u3081\u308b\u5272\u5408\u306f<span>4.8%<\/span>\u306b\u904e\u304e\u307e\u305b\u3093\u3002\u3064\u307e\u308a\u512a\u308c\u305f\u5546\u54c1\u3067\u3042\u3063\u3066\u9ad8\u3044\u6210\u9577\u7387\u3092\u5b9f\u73fe\u3057\u3066\u3044\u308b\u3068\u306f\u3044\u3048\u3001<span>ETF<\/span>\u304c\u5de8\u5927\u306b\u306a\u308a\u3059\u304e\u3066\u3001\u300c\u6c60\u306e\u4e2d\u306e\u30af\u30b8\u30e9\u300d\u306e\u3088\u3046\u306a\u72b6\u614b\u306b\u306a\u308b\u30ea\u30b9\u30af\u306f\u3001\u3044\u307e\u306e\u3068\u3053\u308d\u7121\u3044\u308f\u3051\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306e\u300c\u4f38\u3073\u3057\u308d\u300d\u306f\u5927\u304d\u304f\u3001\u300c\u6c60\u306e\u4e2d\u306e\u30af\u30b8\u30e9\u300d\u306e\u3088\u3046\u306a\u554f\u984c\u306f\u3001\u3044\u307e\u306e\u3068\u3053\u308d\u5fc3\u914d\u3057\u306a\u304f\u3066\u3088\u3044<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E5%87%BA%E6%9D%A5%E9%AB%98%E3%81%8B%E3%82%89%E8%A6%8B%E3%81%9FETF%E3%81%AE%E6%88%90%E9%95%B7\"><\/span>\u51fa\u6765\u9ad8\u304b\u3089\u898b\u305f<span>ETF<\/span>\u306e\u6210\u9577<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6b21\u306b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u5bfe\u8c61\u3068\u3057\u3066<span>ETF<\/span>\u304c\u3069\u308c\u3060\u3051\u4f38\u3073\u3066\u6765\u305f\u304b\u3092\u898b\u308b\u3053\u3068\u306b\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u3093\u306b\u3061<span>ETF<\/span>\u306f\u58f2\u8cb7\u4ee3\u91d1\u306b\u3057\u3066\u7d04<span>7.8<\/span>\u5146\u5186\u3082\u306e<span>ETF<\/span>\u304c\u3001\u6bce\u65e5\u3001\u58f2\u308a\u8cb7\u3044\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u7c73\u56fd\u306e\u5168\u3066\u306e\u682a\u5f0f\u5e02\u5834\u306b\u304a\u3051\u308b<span>1<\/span>\u65e5\u5f53\u305f\u308a\u306e\u58f2\u8cb7\u4ee3\u91d1\u7d04<span>27<\/span>\uff05\u306b\u76f8\u5f53\u3057\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306f\u7c73\u56fd\u306e\u5168\u3066\u306e\u682a\u5f0f\u5e02\u5834\u306b\u304a\u3051\u308b<span>1<\/span>\u65e5\u5f53\u305f\u308a\u306e\u58f2\u8cb7\u4ee3\u91d1\u306e\u5f79<span>27<\/span>\uff05\u3092\u5360\u3081\u3066\u3044\u308b<\/span><\/p>\n<p>SPDR\u00ae S&amp;P500\u00ae ETF\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>SPY<\/span>\uff09\u306f\u3001\u5927\u4f53\u3001\u30a2\u30c3\u30d7\u30eb\uff08<span>AAPL<\/span>\uff09\u306b\u5339\u6575\u3059\u308b\u51fa\u6765\u9ad8\u3092\u8a87\u3063\u3066\u3044\u307e\u3059\u3002<span>i<\/span>\u30b7\u30a7\u30a2\u30fc\u30ba<span>MSCI<\/span>\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u30fb\u30de\u30fc\u30b1\u30c3\u30c8<span>ETF<\/span>\uff08<span>EEM<\/span>\uff09\u306f\u3001\u30de\u30a4\u30af\u30ed\u30bd\u30d5\u30c8\uff08<span>MSFT<\/span>\uff09\u306e\u51fa\u6765\u9ad8\u3068\u3044\u3044\u52dd\u8ca0\u3067\u3059<\/p>\n<p>\u306a\u304a<span>ETF<\/span>\u306e\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306f\u3001\u5727\u5012\u7684\u306b\u7c73\u56fd\u3067\u76db\u3093\u3067\u3059\u3002\u51fa\u6765\u9ad8\u30b7\u30a7\u30a2\u3067\u7c73\u56fd\u306f<span>86<\/span>\uff05\u3092\u5360\u3081\u3066\u3044\u307e\u3059\u3002\u3061\u306a\u307f\u306b\u65e5\u672c\u306f<span>2<\/span>\uff05\u306b\u904e\u304e\u307e\u305b\u3093\u3002<\/p>\n<p>\u3064\u307e\u308a\u7c73\u56fd\u306e\u6295\u8cc7\u5bb6\u306f<span>ETF<\/span>\u3092<span>BUY &amp; HOLD<\/span>\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u30c4\u30fc\u30eb\u3068\u3057\u3066\u3082\u4f7f\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306e\u300c\u4f7f\u3044\u9053\u300d\u306f\u3001<span>BUY &amp; HOLD<\/span>\u3060\u3051\u3058\u3083\u306a\u3044\u3002\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u30c4\u30fc\u30eb\u3068\u3057\u3066\u3082\u91cd\u5b9d\u3059\u308b\u3002<\/span><\/p>\n<p>\u4e0b\u306f\u7c73\u56fd\u6295\u8cc7\u4f1a\u793e\u5354\u4f1a\uff08<span>ICI<\/span>\uff09\u306e\u30a2\u30f3\u30b1\u30fc\u30c8\u8abf\u67fb\u306e\u7d50\u679c\u3067\u3059\u304c\u3001<span>ETF<\/span>\u3092\u4fdd\u6709\u3059\u308b\u4e16\u5e2f\u306f\u3001\u305d\u3046\u3067\u306a\u3044\u4e16\u5e2f\u306b\u6bd4\u3079\u3066\u30ea\u30b9\u30af\u30fb\u30c6\u30fc\u30ad\u30f3\u30b0\u306b\u7a4d\u6975\u7684\u3067\u3042\u308b\u3053\u3068\u304c\u660e\u3089\u304b\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic06-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic06-1.png\" alt=\"\" width=\"567\" height=\"370\" class=\"size-full wp-image-13172 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic06-1.png 567w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic06-1-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic06-1-304x198.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic06-1-282x184.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic06-1-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic06-1-400x262.png 400w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/p>\n<p>\u306a\u304a\u65e5\u672c\u306e<span>ETF<\/span>\u5e02\u5834\u306f\u672a\u3060\u898f\u6a21\u304c\u5c0f\u3055\u304f\u3001\u5b58\u5728\u611f\u304c\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u305d\u308c\u306f\u4eca\u5f8c\u3068\u3082\u65e5\u672c\u3067\u306f<span>ETF<\/span>\u304c\u5e83\u304f\u666e\u53ca\u3057\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u306f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<span>ETF<\/span>\u306f\u305d\u306e\u4ed5\u7d44\u307f\u304b\u3089\u3057\u3066\u53d6\u5f15\u304c\u5897\u3048\u308b\u3068\u81ea\u7136\u306b\u8cc7\u7523\u3082\u5897\u3048\u308b\u3068\u3044\u3046\u6027\u683c\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u3001\u91d1\u878d\u7de9\u548c\u653f\u7b56\u306e\u4e00\u74b0\u3068\u3057\u3066<span>ETF<\/span>\u3092\u8cfc\u5165\u3059\u308b\u3068\u3044\u3046\u3088\u3046\u306a\u3053\u3068\u304c\u5897\u3048\u308c\u3070\u3001\u5e02\u5834\u306f\u81ea\u305a\u3068\u6210\u9577\u3057\u306f\u3058\u3081\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%82%B5%E3%82%AF%E3%82%B5%E3%82%AF%E5%8F%96%E5%BC%95%E3%81%A7%E3%81%8D%E3%82%8B%E3%81%93%E3%81%A8%E3%81%AE%E9%87%8D%E8%A6%81%E6%80%A7\"><\/span>\u30b5\u30af\u30b5\u30af\u53d6\u5f15\u3067\u304d\u308b\u3053\u3068\u306e\u91cd\u8981\u6027<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u969b\u3001\u6700\u3082\u91cd\u8981\u306a\u3053\u3068\u306f\u3001\u81ea\u5206\u304c\u8cb7\u3044\u6ce8\u6587\u3084\u58f2\u308a\u6ce8\u6587\u306e\u300c\u5f15\u304d\u91d1\u300d\u3092\u5f15\u3044\u305f\u3068\u304d\u3001\u77ac\u6642\u306b\u7d04\u5b9a\u304c\u8fd4\u3063\u3066\u304f\u308b\u3053\u3068\u3067\u3059\u3002\u8a00\u3044\u63db\u3048\u308c\u3070\u3001\u30b5\u30af\u30b5\u30af\u7d04\u5b9a\u3059\u308b\u3053\u3068\u304c\u6975\u3081\u3066\u5927\u4e8b\u3067\u3059\u3002\u306a\u305c\u306a\u3089\u3001\u767a\u6ce8\u3057\u3066\u304b\u3089\u7d04\u5b9a\u304c\u78ba\u5b9a\u3059\u308b\u307e\u3067\u306e\u6642\u9593\u304c\u9577\u3051\u308c\u3070\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\uff08\u4e00\u4f53\u3001\u3055\u3063\u304d\u306e\u6ce8\u6587\u306f\u3001\u51fa\u6765\u3066\u3044\u308b\u306e\uff1f\u3000\u305d\u308c\u3068\u3082\u51fa\u6765\u3066\u306a\u3044\u306e\uff1f\uff09\u3068\u3044\u3046\u4e0d\u78ba\u5b9f\u6027\u306e\u4e0b\u306b\u7f6e\u304b\u308c\u307e\u3059\u3002\u81ea\u5206\u306e\u6b63\u78ba\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u628a\u63e1\u3067\u304d\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u30ea\u30b9\u30af\u7ba1\u7406\u3059\u3089\u51fa\u6765\u306a\u3044\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002\u4e00\u822c\u306b\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u306f<span>Bid\/Ask<\/span>\u306e\u4e56\u96e2\uff08\u304b\u3044\u308a\uff09\u304c\u5c0f\u3055\u3044\u306e\u3067\u3001\u7d04\u5b9a\u306f\u77ac\u6642\u306b\u4e0a\u304c\u3063\u3066\u304d\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306a\u7d04\u5b9a\u306e\u5b89\u5b9a\u611f\u306f\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u3069\u306e\u30c4\u30fc\u30eb\uff08\uff1d\u5148\u7269\u304b\uff1f\u3000\u305d\u308c\u3068\u3082<span>ETF<\/span>\u304b\uff1f\uff09\u3067\u30d8\u30c3\u30b8\u3084\u6025\u5834\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u62e1\u5927\u3092\u884c\u3046\u304b\u306e\u5224\u65ad\u3092\u5de6\u53f3\u3059\u308b\u3001\u5927\u4e8b\u306a\u30d5\u30a1\u30af\u30bf\u30fc\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u4f55\u3092\u53d6\u5f15\u3059\u308b\u304b\uff1f\u3000\u3092\u6c7a\u65ad\u3059\u308b\u3068\u304d\u3001\u7d04\u5b9a\u306e\u5b89\u5b9a\u611f\u306f\u5927\u4e8b\u306a\u30d5\u30a1\u30af\u30bf\u30fc\u3068\u306a\u308b<\/span><\/p>\n<p>\u65e5\u672c\u306e\u682a\u5f0f\u5e02\u5834\u306f\u7c73\u56fd\u306b\u6bd4\u3079\u3066\u5024\u52d5\u304d\u304c\u6fc0\u3057\u3044\u3067\u3059\u3002\u305d\u306e\u3053\u3068\u306f\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306b\u5411\u3044\u3066\u3044\u308b\u5e02\u5834\u3060\u3068\u8a00\u3044\u76f4\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"3\"><span class=\"ez-toc-section\" id=\"%E7%AC%AC3%E7%AB%A0ETF%E3%81%AE%E6%AD%B4%E5%8F%B2%E3%80%80%E8%AA%95%E7%94%9F%E7%A7%98%E8%A9%B1%E3%81%8B%E3%82%89%E5%AD%A6%E3%81%B6ETF%E3%81%AE%E4%BB%95%E7%B5%84%E3%81%BF\"><\/span>\u7b2c<span>3<\/span>\u7ae0<span>ETF<\/span>\u306e\u6b74\u53f2\u3000\u8a95\u751f\u79d8\u8a71\u304b\u3089\u5b66\u3076<span>ETF<\/span>\u306e\u4ed5\u7d44\u307f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"ETF%E3%81%8C%E3%83%AD%E3%83%BC%E3%83%BB%E3%82%B3%E3%82%B9%E3%83%88%E3%82%92%E5%AE%9F%E7%8F%BE%E3%81%A7%E3%81%8D%E3%81%A6%E3%81%84%E3%82%8B%E7%90%86%E7%94%B1\"><\/span><span>ETF<\/span>\u304c\u30ed\u30fc\u30fb\u30b3\u30b9\u30c8\u3092\u5b9f\u73fe\u3067\u304d\u3066\u3044\u308b\u7406\u7531<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ETF\u304c\u30ed\u30fc\u30fb\u30b3\u30b9\u30c8\u3092\u5b9f\u73fe\u51fa\u6765\u3066\u3044\u308b\u7406\u7531\u306f\u3001\u3072\u3068\u3053\u3068\u3067\u8a00\u3048\u3070\u3001\u305d\u3082\u305d\u3082<span>ETF<\/span>\u306e\u4f1a\u793e\u306b\u306f\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u5c45\u306a\u3044\u304b\u3089\u3067\u3059\u3002\u305d\u308c\u306f\u5225\u306e\u8a00\u8449\u3067\u8a00\u3048\u3070\u300c\u5916\u90e8\u5316\u300d\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u98a8\u306b\u3082\u8a00\u3044\u76f4\u305b\u307e\u3059\u3002<\/p>\n<p>ETF\u304c\u30ed\u30fc\u30fb\u30b3\u30b9\u30c8\u306a\u306e\u306f\u3001\u305d\u3082\u305d\u3082\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u3044\u306a\u3044\u304b\u3089\u3060<\/p>\n<p>\u305d\u306e\u3042\u305f\u308a\u3092\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u305d\u3082\u305d\u3082<span>ETF<\/span>\u304c\u3069\u306e\u3088\u3046\u306b\u8003\u6848\u3055\u308c\u305f\u306e\u304b\uff1f\u3000\u3068\u3044\u3046\u6b74\u53f2\u3092\u632f\u308a\u8fd4\u308b\u306e\u304c\u3001\u5b9f\u306f\u3044\u3061\u3070\u3093\u308f\u304b\u308a\u3084\u3059\u3044\u3067\u3059\u3002\u305d\u3053\u3067\u4eca\u56de\u306f<span>ETF<\/span>\u306e\u6b74\u53f2\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306e\u4ed5\u7d44\u307f\u3092\u7406\u89e3\u3057\u3088\u3046\u3068\u601d\u3048\u3070\u3001\u305d\u306e\u6b74\u53f2\u3092\u5b66\u3076\u306e\u304c\u6700\u77ed\u8ddd\u96e2\u306e\u5b66\u7fd2\u6cd5\u3067\u3042\u308b<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%82%A2%E3%83%A1%E3%83%AA%E3%82%AB%E3%83%B3%E8%A8%BC%E5%88%B8%E5%8F%96%E5%BC%95%E6%89%80\"><\/span>\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6614\u3001\u30a2\u30e1\u30ea\u30ab\u306b\u306f\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u8a3c\u5238\u53d6\u5f15\u6240\u306e\u4ed6\u306b\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u3068\u3044\u3046\u53d6\u5f15\u6240\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306e\u30eb\u30fc\u30c4\u306f<span>1830<\/span>\u5e74\u9803\u304b\u3089\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u3067\u81ea\u7136\u767a\u751f\u7684\u306b\u51fa\u6765\u305f\u9752\u7a7a\u5e02\u5834\u3067\u3001\u8217\u9053\u3067\u53d6\u5f15\u304c\u884c\u308f\u308c\u305f\u3053\u3068\u304b\u3089\u3001\u300c\u30ab\u30fc\u30d6\u30b9\u30c8\u30fc\u30f3\uff08\u7e01\u77f3\uff09\u5e02\u5834\u300d\u3068\u3044\u3046\u3042\u3060\u540d\u304c\u3064\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u306e\u3088\u3046\u306a\u9752\u7a7a\u5e02\u5834\u3067\u306f\u3001\u6295\u6a5f\u7684\u306a\u5c0f\u578b\u682a\u304c\u4e3b\u306b\u53d6\u5f15\u3055\u308c\u307e\u3057\u305f\u3002\u5177\u4f53\u7684\u306b\u306f\u904b\u6cb3\u682a\u3001\u6709\u6599\u9053\u8def\u682a\u3001\u9244\u9053\u682a\u306a\u3069\u3067\u3059\u3002\u305d\u3053\u3067\u306f\u96e8\u306e\u65e5\u3060\u308d\u3046\u304c\u96ea\u306e\u65e5\u3060\u308d\u3046\u304c\u3001\u3046\u3060\u308b\u3088\u3046\u306a\u6691\u3055\u306e\u65e5\u3060\u308d\u3046\u304c\u3001\u4ef2\u8cb7\u4eba\u304c\u76f8\u5834\u3092\u7acb\u3066\u3066\u3044\u305f\u306e\u3067\u3059\u3002\u5f7c\u3089\u306f\u3001\u300c\u6765\u308b\u4eba\u306f\u62d2\u307e\u305a\u300d\u3068\u3044\u3046\u3001\u304d\u308f\u3081\u3066\u30aa\u30fc\u30d7\u30f3\u306a\u614b\u5ea6\u3067\u3042\u308a\u3001\u307e\u305f\u300c\u983c\u308c\u308b\u306e\u306f\u81ea\u5206\u3060\u3051\u3060\u300d\u3068\u3044\u3046\u5f37\u3044\u72ec\u7acb\u5fc3\u3092\u6301\u3063\u305f\u30c8\u30ec\u30fc\u30c0\u30fc\u3067\u3057\u305f\u3002\u305d\u3057\u3066\u96d1\u8349\u306e\u3088\u3046\u306a\u751f\u547d\u529b\u3092\u6301\u3063\u3066\u3044\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>1849\u5e74\u306b\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u3067\u91d1\u304c\u767a\u898b\u3055\u308c\u308b\u3068\u3001\u91d1\u9271\u682a\u3082\u6d3b\u767a\u306b\u53d6\u5f15\u3055\u308c\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3055\u3089\u306b<span>1859<\/span>\u5e74\u306b\u30da\u30f3\u30b7\u30eb\u30d0\u30cb\u30a2\u5dde\u3067\u77f3\u6cb9\u304c\u51fa\u308b\u3068\u3001\u4eca\u5ea6\u306f\u77f3\u6cb9\u682a\u3082\u53d6\u5f15\u304d\u3055\u308c\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u306e\u3067\u3059\u3002\u5f53\u521d\u306f\u5168\u304f\u30d0\u30e9\u30d0\u30e9\u306b\u904b\u55b6\u3055\u308c\u3066\u3044\u305f\u305d\u308c\u3089\u306e\u81ea\u767a\u7684\u306a\u9752\u7a7a\u5e02\u5834\u306f\u3001\u5357\u5317\u6226\u4e89\u306e\u5f8c\u3001\u5171\u901a\u30eb\u30fc\u30eb\u3092\u78ba\u7acb\u3059\u308b\u65b9\u5411\u3078\u52d5\u304d\u51fa\u3057\u307e\u3057\u305f\u3002\u307e\u305f<span>1908<\/span>\u5e74\u306b\u30b0\u30ea\u30cb\u30c3\u30b8\u30fb\u30b9\u30c8\u30ea\u30fc\u30c8\u306b\u3084\u3063\u3068\u81ea\u5206\u305f\u3061\u306e\u5efa\u7269\u3092\u6301\u3064\u3053\u3068\u306b\u306a\u308a\u3001<span>1953<\/span>\u5e74\u306b\u305d\u308c\u307e\u3067\u306e\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u30fb\u30ab\u30fc\u30d6\u53d6\u5f15\u6240\u3068\u3044\u3046\u540d\u79f0\u304b\u3089\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\uff08<span>AMEX<\/span>\uff09\u3068\u3044\u3046\u540d\u524d\u306b\u540d\u79f0\u5909\u66f4\u3055\u308c\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306b\u30e9\u30a4\u30d0\u30eb\u304c\u767b\u5834\u3057\u307e\u3059\u3002<span>1972<\/span>\u5e74\u306b\u5168\u7c73\u8a3c\u5238\u30c7\u30a3\u30fc\u30e9\u30fc\u5354\u4f1a\u304c\u30ca\u30b9\u30c0\u30c3\u30af\u3068\u3044\u3046\u96fb\u5b50\u5e02\u5834\u3067\u306e\u53d6\u5f15\u3092\u958b\u59cb\u3057\u305f\u306e\u304c\u305d\u308c\u3067\u3059\u30ca\u30b9\u30c0\u30c3\u30af\u306f\u3001\u30cf\u30a4\u30c6\u30af\u3084\u30d0\u30a4\u30aa\u306a\u3069\u306e\u65b0\u3057\u3044\u6210\u9577\u4f01\u696d\u3092\u3069\u3093\u3069\u3093\u8a98\u81f4\u3057\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306f\u30ca\u30b9\u30c0\u30c3\u30af\u306b\u3001\u304a\u682a\u3092\u596a\u308f\u308c\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3053\u3067\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306f\u30af\u30ed\u30fc\u30ba\u30c9\u30fb\u30a8\u30f3\u30c9\u30fb\u30d5\u30a1\u30f3\u30c9\u3084\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306a\u3069\u306b\u6d3b\u8def\u3092\u898b\u51fa\u3059\u8a66\u307f\u3092\u59cb\u3081\u307e\u3059\u3002\u3044\u307e\u3067\u306f\u305d\u306e\u6b74\u53f2\u3092\u899a\u3048\u3066\u3044\u308b\u4eba\u306f\u5c11\u306a\u3044\u3067\u3059\u304c\u3001\u5b9f\u306f\u30a2\u30e1\u30ea\u30ab\u3067\u6700\u521d\u306e<span>ETF<\/span>\u3067\u3042\u308b<span>SPDR\u00ae S&amp;P500\u00ae TRUST ETF<\/span>\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>SPY<\/span>\uff09\u3092\u4e0a\u5834\u3057\u305f\u306e\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u53d6\u5f15\u6240\u3067\u3042\u308a\u3001\u3057\u304b\u3082<span>ETF<\/span>\u306e\u4ed5\u639b\u4eba\u305f\u3061\u306f\u904b\u7528\u4f1a\u793e\u3067\u306f\u306a\u304f\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u53d6\u5f15\u6240\u306e\u65b0\u88fd\u54c1\u958b\u767a\u30c1\u30fc\u30e0\u3060\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u3092\u958b\u767a\u3057\u305f\u306e\u306f\u30a2\u30e1\u30ea\u30ab\u30f3\u53d6\u5f15\u6240\u306e\u65b0\u88fd\u54c1\u958b\u767a\u30c1\u30fc\u30e0\u3060\u3063\u305f<\/span><\/p>\n<p>\u305d\u306e\u5f8c\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306f<span>NYSE<\/span>\u30b0\u30eb\u30fc\u30d7\u306b\u5438\u53ce\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"87%E5%B9%B4%E3%81%AE%E5%A4%A7%E6%9A%B4%E8%90%BD%E3%81%AE%E6%95%99%E8%A8%93\"><\/span><span>87<\/span>\u5e74\u306e\u5927\u66b4\u843d\u306e\u6559\u8a13<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>1987\u5e74<span>10<\/span>\u6708<span>19<\/span>\u65e5\uff08\u6708\uff09\u306b\u3001\u30c0\u30a6\u5de5\u696d\u682a\u4fa1\u5e73\u5747\u6307\u6570\u304c\u4e00\u65e5\u3067\uff0d<span>508<\/span>\u30dd\u30a4\u30f3\u30c8\uff08\uff0d<span>22<\/span>\uff05\uff09\u66b4\u843d\u3059\u308b\u4e8b\u4ef6\u304c\u8d77\u3053\u308a\u307e\u3057\u305f\u3002\u3044\u308f\u3086\u308b\u3001\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u3067\u3059\u3002<\/p>\n<p>\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08<span>SEC<\/span>\uff09\u306f\u5927\u66b4\u843d\u306e\u539f\u56e0\u7a76\u660e\u306e\u305f\u3081\u306b\u8abf\u67fb\u3092\u958b\u59cb\u3057\u3001\u7fcc\u5e74\u3001\u81a8\u5927\u306a\u8abf\u67fb\u5831\u544a\u66f8\u3092\u516c\u8868\u3057\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u4e2d\u3067<span>SEC<\/span>\u306f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30a4\u30f3\u30b7\u30e5\u30a2\u30e9\u30f3\u30b9\u3068\u547c\u3070\u308c\u308b\u3001\u5f53\u6642\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u597d\u3093\u3067\u4f7f\u3063\u3066\u3044\u305f\u624b\u6cd5\u306b\u7126\u70b9\u3092\u5f53\u3066\u307e\u3059\u3002\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30a4\u30f3\u30b7\u30e5\u30a2\u30e9\u30f3\u30b9\u306f\u3001\u300c\u5e02\u5834\u304c\u5d29\u308c\u305d\u3046\u306b\u306a\u3063\u305f\u3068\u304d\u3001\u81ea\u5206\u304c\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u6301\u3063\u3066\u3044\u308b\u73fe\u7269\u682a\u3068\u540c\u3058\u91d1\u984d\u5206\u306e\u5148\u7269\u3092\u3001\u30b7\u30ab\u30b4\u306e\u5148\u7269\u5e02\u5834\u3067\u5373\u5ea7\u306b\u58f2\u5374\u3059\u308c\u3070\u3001\u3082\u3057\u5e02\u5834\u304c\u5d29\u308c\u3066\u4fa1\u683c\u304c\u4e0b\u304c\u3063\u3066\u3082\u3001\u5148\u7269\u3092\u58f2\u3063\u305f\u5206\u304c\u5229\u76ca\u306b\u306a\u308b\u306e\u3067\u3001\u640d\u3057\u305f\u5206\u3092\u76f8\u6bba\u3067\u304d\u308b\u300d\u3068\u3044\u3046\u8003\u3048\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u81ea\u4f53\u306b\u306f\u554f\u984c\u306f\u7121\u3044\u306e\u3067\u3059\u304c\u3001\u5148\u7269\u5e02\u5834\u3068\u73fe\u7269\u5e02\u5834\u306f\u88c1\u5b9a\u304c\u50cd\u304f\u305f\u3081\u9023\u52d5\u6027\u304c\u3042\u308a\u3001\u5148\u7269\u306e\u4fa1\u683c\u306b\u30b5\u30e4\u5bc4\u305b\u3059\u308b\u3088\u3046\u306b\u73fe\u7269\u306e\u4fa1\u683c\u304c\u4e0a\u4e0b\u3059\u308b\u3068\u3044\u3046\u7279\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u7686\u304c\u540c\u6642\u306b\u540c\u3058\u884c\u52d5\u3092\u53d6\u308c\u3070\u3001\u5148\u7269\u5e02\u5834\u3067\u306e\u6012\u6d9b\u306e\u58f2\u308a\u304c\u73fe\u7269\u5e02\u5834\u306e\u58f2\u308a\u3092\u547c\u3076\u3068\u3044\u3046\u60aa\u5faa\u74b0\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u3057\u304b\u3082<span>NYSE<\/span>\u3068\u30b7\u30ab\u30b4\u306f\u5225\u3005\u306e\u76e3\u7763\u5f53\u5c40\u306e\u7ba1\u7406\u4e0b\u306b\u3042\u308a\u3001\u4eee\u306b\u3053\u3046\u3044\u3063\u305f\u72b6\u6cc1\u304c\u5148\u7269\u5e02\u5834\u3067\u8d77\u3053\u3063\u3066\u3044\u305f\u3068\u3057\u3066\u3082\u9023\u643a\u3057\u3066\u30b5\u30fc\u30ad\u30c3\u30c8\u30fb\u30d6\u30ec\u30fc\u30ab\u30fc\u3092\u767a\u52d5\u3055\u305b\u308b\u306a\u3069\u306e\u5354\u8abf\u884c\u52d5\u304c\u3068\u308a\u306b\u304f\u3044\u4f53\u5236\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>NYSE\u3067\u58f2\u308a\u4e00\u8272\u3068\u306a\u308b\u3068\u3001\u305d\u308c\u306b\u8cb7\u3044\u5411\u304b\u3046\u306e\u306f\u30b9\u30da\u30b7\u30e3\u30ea\u30b9\u30c8\u3068\u547c\u3070\u308c\u308b\u7acb\u4f1a\u5834\u306e\u30d6\u30ed\u30fc\u30ab\u30fc\u3060\u3051\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u4f01\u696d\u306e\u591a\u304f\u306f\u500b\u4eba\u7d4c\u55b6\u306b\u6bdb\u304c\u751f\u3048\u305f\u7a0b\u5ea6\u306e\u3001\u8cc7\u91d1\u529b\u306b\u9650\u754c\u306e\u3042\u308b\u7d44\u7e54\u3060\u3063\u305f\u306e\u3067\u3001\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306e\u3088\u3046\u306a\u3053\u3068\u304c\u8d77\u304d\u308b\u3068\u3001\u8cb7\u3044\u652f\u3048\u308b\u3060\u3051\u306e\u8cc7\u91d1\u529b\u304c\u7121\u3044\u305f\u3081\u3001\u7834\u7dbb\u306e\u5371\u6a5f\u306b\u6652\u3055\u308c\u308b\u3053\u3068\u306b\u306a\u3063\u305f\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>SEC\u306f\u305d\u3053\u3067\u6b21\u306e\u3088\u3046\u306a\u653f\u7b56\u63d0\u8a00\u3092\u884c\u3044\u307e\u3059\uff1a<\/p>\n<p><em>\u6211\u3005\u306f\u3001\u4f55\u304b\u5225\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u6a21\u7d22\u3059\u308b\u3053\u3068\u3092\u63d0\u8a00\u3059\u308b\u3002\u73fe\u5728\u3001\u30d7\u30ed\u30b0\u30e9\u30e0\u30fb\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306f\u4e00\u6589\u306b\u500b\u3005\u306e\u9298\u67c4\u306e\u6ce8\u6587\u3092\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u30fb\u30d5\u30ed\u30a2\u306b\u3070\u3089\u307e\u304f\u65b9\u6cd5\u3067\u57f7\u884c\u3055\u308c\u3066\u3044\u308b\u3002\u3053\u308c\u3060\u3068\u500b\u3005\u306e\u9298\u67c4\u306e\u58f2\u8cb7\u30b3\u30b9\u30c8\u306f\u99ac\u9e7f\u306b\u306a\u3089\u306a\u3044\u3002<\/em><\/p>\n<p><em>\u305d\u3053\u3067<span>NYSE<\/span>\u306e\u53d6\u5f15\u30dd\u30b9\u30c8\u306e\u3072\u3068\u3064\u3067\u3001\u5e02\u5834\u30d0\u30b9\u30b1\u30c3\u30c8\u305d\u306e\u3082\u306e\u3092\u58f2\u308a\u8cb7\u3044\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308c\u3070\u3001\u30d7\u30ed\u30b0\u30e9\u30e0\u30fb\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306b\u5e02\u5834\u304c\u5727\u3057\u6f70\u3055\u308c\u308b\u306e\u3092\u56de\u907f\u3067\u304d\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<span><br \/><\/span>\uff08\u300c<span>1987<\/span>\u5e74<span>10<\/span>\u6708\u306e\u66b4\u843d\u306b\u95a2\u3059\u308b\u5831\u544a\u66f8\u300d\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff09<\/em><\/p>\n<p>\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\u304c\u5831\u544a\u66f8\u306e\u4e2d\u3067\u3053\u306e\u3088\u3046\u306a\u65b0\u3057\u3044\u5546\u54c1\u3092\u63d0\u5531\u3057\u305f\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u8ab0\u304b\u304c\u305d\u308c\u3092\u4f5c\u308c\u3070\u3001\u6bd4\u8f03\u7684\u8fc5\u901f\u306b\u305d\u308c\u304c\u627f\u8a8d\u3055\u308c\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306e\u65b0\u88fd\u54c1\u958b\u767a\u30c1\u30fc\u30e0\u306f\u3001\u305d\u3053\u306b\u7740\u76ee\u3057\u3066<span>ETF<\/span>\u306e\u958b\u767a\u306b\u4e57\u308a\u51fa\u3057\u305f\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u958b\u767a\u306b\u3042\u305f\u3063\u3066\u3001<span>87<\/span>\u5e74\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306b\u95a2\u3059\u308b\u5831\u544a\u66f8\u304c\u30d2\u30f3\u30c8\u3092\u4e0e\u3048\u305f<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%82%A2%E3%83%A1%E3%83%AA%E3%82%AB%E3%83%B3%E8%A8%BC%E5%88%B8%E5%8F%96%E5%BC%95%E6%89%80%E3%81%AEETF%E9%96%8B%E7%99%BA%E3%83%81%E3%83%BC%E3%83%A0\"><\/span>\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306e<span>ETF<\/span>\u958b\u767a\u30c1\u30fc\u30e0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u5f53\u6642\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u3067<span>ETF<\/span>\u958b\u767a\u306b\u53d6\u308a\u7d44\u3093\u3060\u306e\u306f\u30cd\u30a4\u30b5\u30f3\u30fb\u30e2\u30b9\u30c8\u3068\u30b9\u30c6\u30a3\u30fc\u30d6\u30f3\u30fb\u30d6\u30eb\u30fc\u30e0\u306e\u4e8c\u4eba\u3067\u3059\u3002<\/p>\n<p>\u30cd\u30a4\u30b5\u30f3\u30fb\u30e2\u30b9\u30c8\u306f<span>UCLA<\/span>\u3067\u7269\u7406\u5b66\u3092\u5c02\u653b\u3057\u305f\u5f8c\u3001\u30d1\u30b7\u30d5\u30a3\u30c3\u30af\u5546\u54c1\u53d6\u5f15\u6240\u306e\u793e\u9577\u3092\u7d4c\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306b\u6765\u307e\u3057\u305f\u3002\u30b9\u30c6\u30a3\u30fc\u30d6\u30f3\u30fb\u30d6\u30eb\u30fc\u30e0\u306f\u30cf\u30fc\u30d0\u30fc\u30c9\u5927\u5b66\u3067\u7d4c\u6e08\u5b66\u306e\u535a\u58eb\u53f7\u3092\u53d6\u5f97\u3057\u305f\u5f8c\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306b\u5c31\u8077\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u4e8c\u4eba\u306e\u76ee\u7684\u306f\u843d\u3061\u76ee\u306b\u306a\u3063\u3066\u3044\u308b\u30a2\u30e1\u30ea\u30ab\u30f3\u53d6\u5f15\u6240\u306e\u51fa\u6765\u9ad8\u3092\u5897\u3084\u3057\u3001\u30ca\u30b9\u30c0\u30c3\u30af\u3092\u898b\u8fd4\u3059\u3053\u3068\u306b\u3042\u308b\u308f\u3051\u3067\u3059\u304b\u3089\u3001\u65b0\u88fd\u54c1\u306f\u300c\u8ab0\u3082\u304c\u5fc5\u8981\u3068\u3057\u3066\u3044\u305f\u3051\u308c\u3069\u3001\u3053\u308c\u307e\u3067\u306b\u306a\u304b\u3063\u305f\u300d\u5546\u54c1\u3067\u306a\u3051\u308c\u3070\u3044\u3051\u307e\u305b\u3093\u3002\u4e0a\u3067\u8ff0\u3079\u305f<span>87<\/span>\u5e74\u306e\u5927\u66b4\u843d\u306b\u95a2\u3059\u308b<span>SEC<\/span>\u306e\u5831\u544a\u66f8\u3092\u8aad\u3093\u3067\u3001\u5f7c\u3089\u306f\u300c\u3053\u308c\u3060\uff01\u300d\u3068\u30d4\u30f3\u3068\u6765\u305f\u3068\u3044\u3046\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>\u3055\u3066\u3001\u5f53\u6642\u682a\u4fa1\u6307\u6570\u3092\u306a\u305e\u308b\u5546\u54c1\u3092\u767a\u8868\u3057\u3066\u6700\u3082\u6210\u529f\u3057\u3066\u3044\u305f\u306e\u306f\u3001\u30b8\u30e7\u30f3\u30fb\u30dc\u30b0\u30eb\u7387\u3044\u308b\u30d0\u30f3\u30ac\u30fc\u30c9\u30fb\u30b0\u30eb\u30fc\u30d7\u3067\u3057\u305f\u3002\u30d0\u30f3\u30ac\u30fc\u30c9\u30fb\u30b0\u30eb\u30fc\u30d7\u306f\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u904b\u7528\u3053\u305d\u304c\u6700\u3082\u512a\u308c\u305f\u904b\u7528\u3067\u3042\u308b\u3068\u3044\u3046\u4fe1\u5ff5\u306e\u3082\u3068\u306b\u4f5c\u3089\u308c\u305f\u904b\u7528\u4f1a\u793e\u3067\u3059\u3002\u305d\u3053\u3067\u30cd\u30a4\u30b5\u30f3\u30fb\u30e2\u30b9\u30c8\u306f\u30b8\u30e7\u30f3\u30fb\u30dc\u30b0\u30eb\u306e\u30aa\u30d5\u30a3\u30b9\u3092\u8a2a\u306d\u3001\u4e00\u7dd2\u306b\u5546\u54c1\u958b\u767a\u3092\u3057\u306a\u3044\u304b\uff1f\u3000\u3068\u6301\u3061\u304b\u3051\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u30b8\u30e7\u30f3\u30fb\u30dc\u30b0\u30eb\u306f\u305d\u306e\u5834\u3067\u3053\u306e\u30a2\u30a4\u30c7\u30a2\u3092\u5374\u4e0b\u3057\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u7406\u7531\u306f\u3001\u30b8\u30e7\u30f3\u30fb\u30dc\u30b0\u30eb\u306f<span>BUY &amp; HOLD<\/span>\u3001\u3059\u306a\u308f\u3061\u4e00\u5ea6\u8cb7\u3063\u305f\u3089\u3001\u3058\u3063\u3068\u305d\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3061\u7d9a\u3051\u308b\u6295\u8cc7\u30b9\u30c8\u30e9\u30c6\u30b8\u30fc\u306e\u4fe1\u5949\u8005\u3067\u3042\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u304c\u63d0\u6848\u3059\u308b\u3088\u3046\u306a\u3001\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u4e3b\u4f53\u306e\u5546\u54c1\u306f\u81ea\u5206\u306e\u4fe1\u6761\u306b\u53cd\u3059\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30d0\u30f3\u30ac\u30fc\u30c9\u306e\u30b8\u30e7\u30f3\u30fb\u30dc\u30b0\u30eb\u306f\u30a2\u30e1\u30ea\u30ab\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u306e\u6301\u3061\u8fbc\u3093\u3060<span>ETF<\/span>\u306e\u8a71\u3092\u8e74\u3063\u305f<\/span><\/p>\n<p>\u30cd\u30a4\u30b5\u30f3\u30fb\u30e2\u30b9\u30c8\u306f\u30b8\u30e7\u30f3\u30fb\u30dc\u30b0\u30eb\u3068\u9762\u8ac7\u3092\u3057\u305f\u3068\u304d\u3001\u30dc\u30b0\u30eb\u304c\u672c\u5f53\u306b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u5acc\u3044\u306a\u306e\u3092\u898b\u3066\u3001\u5f37\u304f\u5370\u8c61\u4ed8\u3051\u3089\u308c\u307e\u3057\u305f\u3002\u30dc\u30b0\u30eb\u306e\u5fe0\u544a\u3092\u5fc3\u306b\u523b\u307f\uff08\u30d5\u30a1\u30f3\u30c9\u81ea\u8eab\u304c\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8abf\u6574\u306e\u305f\u3081\u306b\u983b\u7e41\u306b\u58f2\u308a\u8cb7\u3044\u3092\u3059\u308b\u5fc5\u8981\u304c\u7121\u3044\u30b9\u30ad\u30fc\u30e0\u304c\u51fa\u6765\u306a\u3044\u3060\u308d\u3046\u304b\uff1f\uff09\u3068\u3044\u3046\u3053\u3068\u3092\u6a21\u7d22\u3057\u306f\u3058\u3081\u307e\u3059\u3002<\/p>\n<p>\u305d\u3053\u3067\u30e2\u30b9\u30c8\u306f\u30d1\u30b7\u30d5\u30a3\u30c3\u30af\u5546\u54c1\u53d6\u5f15\u6240\u6642\u4ee3\u306b\u5009\u8377\u8a3c\u5238\uff08<span>warehouse receipt<\/span>\uff09\u3068\u3044\u3046\u3001\u4e00\u7a2e\u306e\u9810\u304b\u308a\u8a3c\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u3066\u3044\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u307e\u3059\u3002<\/p>\n<p>\u7a40\u7269\u3001\u7dbf\u82b1\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u9054\u304c\u305d\u308c\u3092\u58f2\u8cb7\u3057\u305f\u5f8c\u3067\u3001\u5b9f\u969b\u306b\u53d6\u5f15\u76f8\u624b\u307e\u3067\u73fe\u7269\u3092\u5c4a\u3051\u308b\u3068\u3001\u30c8\u30e9\u30c3\u30af\u904b\u8ee2\u624b\u306b\u652f\u6255\u3046\u904b\u9001\u6599\u306a\u3069\u304c\u5d69\u307f\u307e\u3059\u3002\u305d\u3053\u3067\u5546\u54c1\u53d6\u5f15\u3067\u306f\u3001\u5009\u8377\u8a3c\u5238\u3068\u3088\u3070\u308c\u308b\u4e00\u7a2e\u306e\u9810\u304b\u308a\u672d\u3060\u3051\u3092\u4ea4\u63db\u3057\u5408\u3063\u3066\u3001\u3044\u3061\u3044\u3061\u30c8\u30ec\u30fc\u30c9\u306e\u5ea6\u306b\u7a40\u7269\u3092\u79fb\u9001\u3059\u308b\u624b\u9593\u3092\u7701\u3044\u3066\u3057\u307e\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u30e2\u30b9\u30c8\u306f\u3053\u306e\u5009\u8377\u8a3c\u5238\u306b\u30d2\u30f3\u30c8\u3092\u5f97\u3066\u3001\u30a4\u30f3\u30fb\u30ab\u30a4\u30f3\u30c9\uff08<span>in-kind<\/span>\uff1d\u73fe\u7269\u6301\u3061\u8fbc\u307f\uff09\u8a2d\u5b9a\u3068\u3044\u3046\u4ed5\u7d44\u307f\u3092\u8003\u6848\u3057\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u5546\u54c1\u53d6\u5f15\u306e\u5009\u8377\u8a3c\u5238\u306b\u30d2\u30f3\u30c8\u3092\u5f97\u3066\u3001\u30a4\u30f3\u30fb\u30ab\u30a4\u30f3\u30c9\u8a2d\u5b9a\u3068\u3044\u3046\u30ed\u30fc\u30fb\u30b3\u30b9\u30c8\u306a\u65b9\u6cd5\u304c\u7de8\u307f\u51fa\u3055\u308c\u305f<\/span><\/p>\n<p>\u3059\u306a\u308f\u3061\u5e02\u5834\u30d0\u30b9\u30b1\u30c3\u30c8\u3092\u69cb\u6210\u3059\u308b\u5168\u9298\u67c4\u304c\u3001\u8033\u3092\u63c3\u3048\u3066\u6301\u3061\u8fbc\u307e\u308c\u305f\u3053\u3068\u3092\u78ba\u8a8d\u3057\u3066\u3001\u5009\u8377\u8a3c\u5238\u306b\u76f8\u5f53\u3059\u308b<span>ETF<\/span>\u3092\u767a\u884c\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002ETF\u81ea\u4f53\u306f\u3001\u6301\u3061\u8fbc\u307e\u308c\u305f\u73fe\u7269\u3068\u5f15\u304d\u63db\u3048\u306b<span>ETF<\/span>\u3092\u6e21\u3059\u3060\u3051\u3067\u3059\u304b\u3089\u3001\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u30fb\u30b3\u30b9\u30c8\u3082\u767a\u751f\u3057\u307e\u305b\u3093\u3057\u3001\u7269\u3005\u4ea4\u63db\u306a\u306e\u3067\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\u3082\u767a\u751f\u3057\u307e\u305b\u3093\u3002ETF\u306f\u300c\u5f15\u63db\u5238\u300d\u3092\u6e21\u3059\u3060\u3051\u3060\u304b\u3089\u3001\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u30fb\u30b3\u30b9\u30c8\u304c\u51fa\u306a\u3044\u3002\u307e\u305f\u7269\u3005\u4ea4\u63db\u306a\u306e\u3067\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\u3082\u767a\u751f\u3057\u306a\u3044\u3001\u3064\u307e\u308a\u30a4\u30f3\u30fb\u30ab\u30a4\u30f3\u30c9\u8a2d\u5b9a\u3068\u3044\u3046\u624b\u6cd5\u3092\u7de8\u307f\u51fa\u3057\u305f\u4e8b\u304c\u3001<span>ETF<\/span>\u306e\u8cbb\u7528\u6bd4\u7387\u3092\u5287\u7684\u306b\u4e0b\u3052\u308b\u3053\u3068\u306b\u3064\u306a\u304c\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30a4\u30f3\u30fb\u30ab\u30a4\u30f3\u30c9\u8a2d\u5b9a\u3068\u3044\u3046\u624b\u6cd5\u304c\u3001<span>ETF<\/span>\u306e\u8cbb\u7528\u6bd4\u7387\u3092\u5287\u7684\u306b\u4e0b\u3052\u305f<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%82%B9%E3%83%86%E3%83%BC%E3%83%88%E3%83%BB%E3%82%B9%E3%83%88%E3%83%AA%E3%83%BC%E3%83%88\"><\/span>\u30b9\u30c6\u30fc\u30c8\u30fb\u30b9\u30c8\u30ea\u30fc\u30c8<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u30b9\u30c6\u30fc\u30c8\u30fb\u30b9\u30c8\u30ea\u30fc\u30c8\u306f\u30dc\u30b9\u30c8\u30f3\u306e\u91d1\u878d\u8857\u3067\u3059\u3002\u3061\u3087\u3046\u3069\u30ed\u30f3\u30c9\u30f3\u306b\u30ed\u30f3\u30d0\u30fc\u30c9\u8857\u304c\u3042\u308a\u3001\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u306b\u30a6\u30a9\u30fc\u30eb\u8857\u304c\u3042\u308a\u3001\u30b5\u30f3\u30d5\u30e9\u30f3\u30b7\u30b9\u30b3\u306b\u30e2\u30f3\u30b4\u30e1\u30ea\u30fc\u8857\u304c\u3042\u308b\u3088\u3046\u306b\u3001\u30b9\u30c6\u30fc\u30c8\u30fb\u30b9\u30c8\u30ea\u30fc\u30c8\u3068\u8a00\u3048\u3070\u3001\u305d\u308c\u306f\u30dc\u30b9\u30c8\u30f3\u306e\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30bb\u30f3\u30bf\u30fc\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u3053\u306f<span>1630<\/span>\u5e74\u4ee3\u306b\u82f1\u56fd\u304b\u3089\u30a2\u30e1\u30ea\u30ab\u306b\u6e21\u3063\u3066\u304d\u305f\u6e05\u6559\u5f92\u304c\u6700\u521d\u306b\u96c6\u843d\u3092\u5f62\u6210\u3057\u305f\u5834\u6240\u3067\u3059\u3002\u305d\u306e\u610f\u5473\u3067\u3001\u30dc\u30b9\u30c8\u30f3\u3067\u3082\u6700\u3082\u7531\u7dd2\u3042\u308b\u754c\u9688\u306e\u3072\u3068\u3064\u3067\u3059<\/p>\n<p>\u3053\u306e\u30b9\u30c6\u30fc\u30c8\u8857\u3067<span>1792<\/span>\u5e74\u306b\u5275\u696d\u3057\u305f\u306e\u304c\u30b9\u30c6\u30fc\u30c8\u30fb\u30b9\u30c8\u30ea\u30fc\u30c8\u3067\u3059\u3002\u540c\u793e\u306f\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u306b\u6b21\u304e\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u4e8c\u756a\u76ee\u306b\u53e4\u3044\u91d1\u878d\u6a5f\u95a2\u3067\u3059\u3002\u540c\u793e\u306f\u30ab\u30b9\u30c8\u30c7\u30a3\u30fc\u696d\u52d9\u306a\u3069\u3001\u300c\u9280\u884c\u306e\u9280\u884c\u300d\u3068\u3057\u3066\u30db\u30fc\u30eb\u30bb\u30fc\u30eb\u696d\u52d9\u3092\u4e2d\u5fc3\u306b\u767a\u5c55\u3057\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u305d\u306e\u904b\u7528\u90e8\u9580\u306f\u65e9\u304f\u304b\u3089\u30d1\u30c3\u30b7\u30d6\u904b\u7528\u306b\u7279\u5316\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u30d0\u30f3\u30ac\u30fc\u30c9\u304b\u3089<span>ETF<\/span>\u306e\u30a2\u30a4\u30c7\u30a2\u3092\u5374\u4e0b\u3055\u308c\u305f\u30cd\u30a4\u30b5\u30f3\u30fb\u30e2\u30b9\u30c8\u306f\u3001\u30b9\u30c6\u30fc\u30c8\u30fb\u30b9\u30c8\u30ea\u30fc\u30c8\u306b\u305d\u308c\u3092\u6301\u3061\u8fbc\u3093\u3060\u306e\u3067\u3059\u3002<\/p>\n<p>\u3053\u3046\u3057\u3066\u51fa\u6765\u305f\u6700\u521d\u306e<span>ETF<\/span>\u306f\u3001<span>1940<\/span>\u5e74\u6295\u8cc7\u4f1a\u793e\u6cd5\u306e\u30e6\u30cb\u30c3\u30c8\u30fb\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u30fb\u30c8\u30e9\u30b9\u30c8\uff08<span>UIT<\/span>\uff09\u3068\u3044\u3046\u5f62\u614b\u3092\u63a1\u7528\u3057\u307e\u3057\u305f\u3002<span>UIT<\/span>\u306e\u5229\u70b9\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u306b\u53d6\u7de0\u5f79\u4f1a\u3092\u8a2d\u7f6e\u3059\u308b\u5fc5\u8981\u304c\u7121\u3044\u4e8b\u3068\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3092\u7f6e\u304b\u306a\u304f\u3066\u3082\u826f\u3044\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u306a\u304a\u3001\u6700\u8fd1\u51fa\u3066\u304f\u308b<span>ETF<\/span>\u306f<span>UIT<\/span>\u3068\u3044\u3046\u7d44\u7e54\u5f62\u614b\u3092\u63a1\u3089\u306a\u3044<span>ETF<\/span>\u3082\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306e\u4f7f\u7528\u3084\u8cb8\u682a\u5e02\u5834\u306e\u5229\u7528\u306a\u3069\u3001\u30d5\u30a1\u30f3\u30c9\u904b\u7528\u4e0a\u3067\u306e\u3061\u3087\u3063\u3068\u3057\u305f\u6539\u5584\u3092\u53ef\u80fd\u306b\u3059\u308b\u305f\u3081\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306b\u306f\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306b\u76f8\u5f53\u3059\u308b\u4ed5\u4e8b\u3092\u3059\u308b\u4eba\u306f\u3044\u306a\u3044<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E8%A8%AD%E5%AE%9A%E3%83%BB%E5%84%9F%E9%82%84\"><\/span>\u8a2d\u5b9a\u30fb\u511f\u9084<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u3055\u3066\u3001\u5b9f\u969b\u306b<span>ETF<\/span>\u304c\u8a2d\u5b9a\u3055\u308c\u308b\u624b\u9806\u3092\u8aac\u660e\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>ETF\u306b\u306f\u3001\u305d\u308c\u304c\u4f55\u3092\u306a\u305e\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u308b\u304b\u3001\u304b\u306a\u3089\u305a\u4e0b\u5730\u306b\u306a\u308b\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\uff08\u682a\u4fa1\u6307\u6570\u306a\u3069\uff09\u304c\u3042\u308a\u307e\u3059\u3002<span>ETF<\/span>\u306f\u3001\u901a\u5e38\u3001\u305d\u306e\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u3092\u6b63\u78ba\u306b\u306a\u305e\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3059\u304c\u3001\u6642\u6298\u3001\u53d6\u5f15\u6240\u3067\u30c8\u30ec\u30fc\u30c9\u3055\u308c\u3066\u3044\u308b<span>ETF<\/span>\u4fa1\u683c\u304c\u3001\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u305d\u306e\u3082\u306e\u306e\u4fa1\u683c\u3068\u4e56\u96e2\uff08\u304b\u3044\u308a\uff09\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u5f80\u3005\u306b\u3057\u3066\u71b1\u304f\u306a\u308a\u3059\u304e\u305f\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u3001\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306e\u6c34\u6e96\u3092\u78ba\u8a8d\u305b\u305a\u306b\u3001\u3069\u3093\u3069\u3093<span>ETF<\/span>\u3070\u304b\u308a\u3092\u8cb7\u3044\u9032\u3080\u3053\u3068\u306b\u3088\u3063\u3066\u5f15\u304d\u8d77\u3053\u3055\u308c\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u4e56\u96e2\u306f\u3001\u71b1\u304f\u306a\u308a\u3059\u304e\u305f\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u3001\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306e\u6c34\u6e96\u3092\u3061\u3083\u3093\u3068\u78ba\u8a8d\u305b\u305a\u3001\u3069\u3093\u3069\u3093<span>ETF<\/span>\u3070\u304b\u308a\u3092\u8cb7\u3044\u9032\u3080\u3053\u3068\u3067\u5f15\u304d\u8d77\u3053\u3055\u308c\u308b<\/span><\/p>\n<p>\u3044\u307e<span>S&amp;P500<\/span>\u306e<span>ETF<\/span>\u304c<span>S&amp;P500<\/span>\u6307\u6570\u305d\u306e\u3082\u306e\u306b\u6bd4\u3079\u3066\u5272\u9ad8\u306b\u53d6\u5f15\u3055\u308c\u3066\u3044\u308c\u3070\u3001<span>1)ETF<\/span>\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u3068\u540c\u6642\u306b\u3001<span>2)<\/span>\u73fe\u7269\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u3092\u6025\u3044\u3067\u5e02\u5834\u3067\u304b\u304d\u96c6\u3081\u308b\u3068\u3044\u3046\u4e8c\u3064\u306e\u30a2\u30af\u30b7\u30e7\u30f3\u3092\u540c\u6642\u306b\u5b9f\u884c\u3059\u308b\u3053\u3068\u3067\u3001\u77ac\u6642\u306b\u30b5\u30e4\u53d6\u308a\uff08\uff1d\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\uff09\u3092\u884c\u3046\u3053\u3068\u304c\u51fa\u6765\u307e\u3059\u3002\u5e02\u5834\u304b\u3089\u8cb7\u3044\u96c6\u3081\u305f\u73fe\u7269\u682a\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u3092\u3001<span>ETF<\/span>\u4f1a\u793e\u306e\u6307\u5b9a\u3059\u308b\u4fe1\u8a17\u9280\u884c\u306b\u6301\u3061\u8fbc\u3081\u3070\u3001<span>ETF<\/span>\u4f1a\u793e\u306f\u305d\u308c\u3092\u53d7\u3051\u53d6\u308b\u306e\u3068\u5f15\u304d\u63db\u3048\u306b<span>ETF<\/span>\u3092\u767a\u884c\u3057\u307e\u3059\u3002\u3053\u308c\u304c\u8a2d\u5b9a\uff08\u30af\u30ea\u30a8\u30a4\u30b7\u30e7\u30f3\uff09\u3068\u547c\u3070\u308c\u308b\u52d5\u4f5c\u3067\u3059\u3002<\/p>\n<p>\u9006\u306b<span>ETF<\/span>\u304c\u5e02\u5834\u3067\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u3088\u308a\u5927\u5e45\u306b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u305f\u3068\u3057\u307e\u3059\u3002\u305d\u306e\u5834\u5408\u306f<span>1)<\/span>\u73fe\u7269\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u3092\u6025\u3044\u3067\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u3068\u540c\u6642\u306b\u3001<span>2)ETF<\/span>\u3092\u8cb7\u3046\u3068\u3044\u3046\u4e8c\u3064\u306e\u30a2\u30af\u30b7\u30e7\u30f3\u3092\u540c\u6642\u306b\u5b9f\u884c\u3059\u308b\u3053\u3068\u3067\u3001\u77ac\u6642\u306b\u30b5\u30e4\u53d6\u308a\u3092\u884c\u3046\u4e8b\u304c\u51fa\u6765\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u5e02\u5834\u3067\u8cb7\u3063\u305f<span>ETF<\/span>\u3092\u3001<span>ETF<\/span>\u4f1a\u793e\u306e\u6307\u5b9a\u3059\u308b\u4fe1\u8a17\u9280\u884c\u306b\u6301\u3061\u8fbc\u307f\u3001\u300c\u3053\u308c\u3092\u73fe\u7269\u682a\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u306b\u4ea4\u63db\u3057\u3066\u304f\u3060\u3055\u3044\u300d\u3068\u30ea\u30af\u30a8\u30b9\u30c8\u3059\u308c\u3070\u3001<span>ETF<\/span>\u3068\u4ea4\u63db\u306b\u500b\u5225\u682a\u3092\u8cb0\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305d\u306e\u500b\u5225\u682a\u3067\u5148\u307b\u3069\u306e\u7a7a\u58f2\u308a\u306e\u53d7\u3051\u6e21\u3057\u3092\u4ed8\u3051\u308c\u3070\u826f\u3044\u306e\u3067\u3059\u3002\u3053\u308c\u304c\u511f\u9084\uff08\u30ea\u30c7\u30f3\u30d7\u30b7\u30e7\u30f3\uff09\u3068\u547c\u3070\u308c\u308b\u52d5\u4f5c\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u30b5\u30e4\u53d6\u308a\u3092\u884c\u3046\u306e\u306f\u3001\u666e\u901a\u3001\u6295\u8cc7\u9280\u884c\u3084\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306a\u3069\u306e\u30d7\u30ed\u3067\u3042\u308a\u3001\u304b\u308c\u3089\u306e\u3053\u3068\u3092\u6307\u5b9a\u53c2\u52a0\u8005\uff08<span>AP<\/span>\uff09\u3068\u547c\u3073\u307e\u3059\u3002<\/p>\n<p>\u3053\u3053\u3067\u7279\u7b46\u3059\u3079\u304d\u3053\u3068\u306f\u3001\u73fe\u7269\u682a\u3092\u8cb7\u3044\u96c6\u3081\u308b\u306a\u3069\u306e\u5b9f\u969b\u306e\u4f5c\u696d\u3092\u3084\u3063\u3066\u3044\u308b\u306e\u306f\u3001<span>ETF<\/span>\u3067\u306f\u306a\u304f\u3001\u5916\u90e8\u306e\u696d\u8005\u3060\u3068\u3044\u3046\u70b9\u3067\u3059\u3002\u8a00\u3044\u63db\u3048\u308c\u3070<span>ETF<\/span>\u306f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7dad\u6301\u306e\u4f5c\u696d\u3092\u300c\u5916\u90e8\u5316\u300d\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u3059\u3002\u3053\u308c\u304c\u30ed\u30fc\u30fb\u30b3\u30b9\u30c8\u306e\u79d8\u5bc6\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"4\"><span class=\"ez-toc-section\" id=\"%E7%AC%AC4%E5%8B%9DETF%E3%83%88%E3%83%AC%E3%83%BC%E3%83%87%E3%82%A3%E3%83%B3%E3%82%B0%E3%81%AE%E5%AE%9F%E9%9A%9B\"><\/span>\u7b2c<span>4<\/span>\u52dd<span>ETF<\/span>\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u5b9f\u969b<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"ETF%E3%81%8C%E3%83%AD%E3%83%BC%E3%83%BB%E3%82%B3%E3%82%B9%E3%83%88%E3%82%92%E5%AE%9F%E7%8F%BE%E3%81%A7%E3%81%8D%E3%81%A6%E3%81%84%E3%82%8B%E7%90%86%E7%94%B1-2\"><\/span><span>ETF<\/span>\u304c\u30ed\u30fc\u30fb\u30b3\u30b9\u30c8\u3092\u5b9f\u73fe\u3067\u304d\u3066\u3044\u308b\u7406\u7531<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ETF\u306f\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u30dd\u30d4\u30e5\u30e9\u30fc\u306a\u30c8\u30ec\u30fc\u30c9\u5bfe\u8c61\u3067\u3059\u3002\u4e0b\u306f\u7c73\u56fd\u3067<span>ETF<\/span>\u306b\u6295\u8cc7\u3057\u3066\u3044\u308b\u4e16\u5e2f\u306e\u91d1\u878d\u8cc7\u7523\u3092\u793a\u3057\u305f\u30b0\u30e9\u30d5\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic07-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic07-1.png\" alt=\"\" width=\"567\" height=\"370\" class=\"size-full wp-image-13173 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic07-1.png 567w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic07-1-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic07-1-304x198.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic07-1-282x184.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic07-1-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic07-1-400x262.png 400w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/p>\n<p>\u3053\u308c\u3092\u898b\u308b\u3068<span>ETF<\/span>\u306b\u6295\u8cc7\u3057\u3066\u3044\u308b\u4e16\u5e2f\u306e\u5e73\u5747\u7684\u306a\u91d1\u878d\u8cc7\u7523\u306f<span>50<\/span>\u4e07\u30c9\u30eb\uff08<span>5,600<\/span>\u4e07\u5186\uff09\u3082\u3042\u308a\u3001\u304a\u91d1\u6301\u3061\u5c64\u304b\u3089\u4eba\u6c17\u3067\u3042\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002\u305f\u3060<span>ETF<\/span>\u81ea\u4f53\u306f\u8cfc\u5165\u30b3\u30b9\u30c8\u304c\u975e\u5e38\u306b\u4f4e\u3044\u306e\u3067\u3001\u3080\u3057\u308d\u30d3\u30ae\u30ca\u30fc\u306b\u3053\u305d\u4f7f\u3063\u3066\u9802\u304d\u305f\u3044\u91d1\u878d\u5546\u54c1\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u7c73\u56fd\u3067\u306f<span>ETF<\/span>\u306f\u91d1\u878d\u30ea\u30c6\u30e9\u30b7\u30fc\u306e\u9ad8\u3044\u304a\u91d1\u6301\u3061\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u4eba\u6c17\u3060\u304c\u3001\u305d\u306e\u5546\u54c1\u6027\u3092\u8003\u3048\u308c\u3070\u3001\u3080\u3057\u308d<span>ETF<\/span>\u306f\u30d3\u30ae\u30ca\u30fc\u306b\u3053\u305d\u5411\u3044\u3066\u3044\u308b<\/span><\/p>\n<p>\u7c73\u56fd\u306e<span>ETF<\/span>\u304c\u4e16\u754c\u306e\u6295\u8cc7\u4fe1\u8a17\u30fb<span>ETF<\/span>\u5e02\u5834\u306b\u5360\u3081\u308b\u5272\u5408\u306f\u672a\u3060<span>6<\/span>\uff05\u7a0b\u5ea6\u3067\u3042\u308a\u3001<span>ETF<\/span>\u306e\u6210\u9577\u304c\u672c\u6765\u3001\u6295\u8cc7\u4fe1\u8a17\u3078\u6d41\u5165\u3059\u308b\u7b48\u3060\u3063\u305f\u304a\u91d1\u3092\u596a\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u98a8\u306b\u306f\u8a00\u3048\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u8a00\u3044\u63db\u3048\u308c\u3070\u3001\u5f93\u6765\u306e\u6295\u8cc7\u4fe1\u8a17\u3082\u3001\u65b0\u3057\u304f\u51fa\u3066\u304d\u305f<span>ETF<\/span>\u3082\u3001\u3069\u3061\u3089\u3082\u6210\u9577\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306f\u672c\u6765\u306a\u3089\u6295\u8cc7\u4fe1\u8a17\u3078\u6d41\u5165\u3059\u308b\u7b48\u306e\u8cc7\u91d1\u3092\u596a\u3046\u3053\u3068\u3067\u6210\u9577\u3057\u3066\u304d\u305f\u306e\u3067\u306f\u306a\u3044<\/span><\/p>\n<p>\u3061\u3087\u3063\u3068\u8a71\u304c\u8131\u7dda\u3057\u307e\u3059\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u4eba\u306f\u4e00\u751f\u306e\u3046\u3061\u306b\u4f55\u5ea6\u3082\u4f1a\u793e\u3092\u5909\u308f\u308b\u306e\u3067\u3001\u4f01\u696d\u5e74\u91d1\u3060\u3068\u7a4d\u307f\u7acb\u3066\u304c\u9014\u4e2d\u3067\u4e2d\u65ad\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u305d\u306e\u95a2\u4fc2\u3067\u3001\u8ee2\u8077\u3057\u305f\u3089\u3001\u3053\u308c\u307e\u3067\u7a4d\u307f\u7acb\u3066\u305f\u5206\u3082\u305d\u306e\u307e\u307e\u6301\u3063\u3066\u884c\u3051\u308b<span>401(k)<\/span>\u3084<span>IRA<\/span>\u306a\u3069\u306e\u500b\u4eba\u5e74\u91d1\u304c\u4eba\u6c17\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u500b\u4eba\u5e74\u91d1\u3067\u306f\u3001\u672c\u4eba\u304c\u6295\u8cc7\u5148\u3092\u9078\u3070\u306a\u3044\u3068\u3044\u3051\u307e\u305b\u3093\u3002\u305d\u306e\u5834\u5408\u3001\u500b\u5225\u682a\u3092\u8cb7\u3046\u4eba\u3082\u5c45\u307e\u3059\u304c\u3001\u6295\u8cc7\u4fe1\u8a17\u3084<span>ETF<\/span>\u306b\u6295\u8cc7\u3059\u308b\u4eba\u3082\u591a\u3044\u3067\u3059\u3002\u3060\u304b\u3089\u500b\u4eba\u5e74\u91d1\u3092\u901a\u3058\u3066<span>ETF<\/span>\u3092\u8cb7\u3063\u3066\u3044\u308b\u8cfc\u8cb7\u5c64\u304c\u3001\u304b\u306a\u308a\u5c45\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p><span class=\"f-marker-p\">\u500b\u4eba\u5e74\u91d1\u306e\u6295\u8cc7\u5148\u3068\u3057\u3066<span>ETF<\/span>\u3092\u8cb7\u3046\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u5897\u3048\u3066\u3044\u308b<\/span><\/p>\n<p>\u305d\u308c\u304b\u3089\u3001\u3053\u308c\u306f\u307e\u305f\u500b\u4eba\u5e74\u91d1\u3068\u306f\u5225\u306e\u8a71\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u8a3c\u5238\u4f1a\u793e\u306e\u30bb\u30fc\u30eb\u30b9\u30de\u30f3\u3067\u306f\u306a\u304f\u3001\u72ec\u7acb<span>FA<\/span>\uff08\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\uff09\u306b\u6295\u8cc7\u76f8\u8ac7\u3057\u3001\u904b\u7528\u306e\u52a9\u8a00\u3092\u6c42\u3081\u308b\u3053\u3068\u304c\u4e00\u822c\u5316\u3057\u3066\u3044\u307e\u3059\u3002<span>FA<\/span>\u306f\u3001\u624b\u6570\u6599\u3092\u4e0a\u3052\u308b\u3053\u3068\u3092\u76ee\u6a19\u3068\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u9867\u5ba2\u306e\u8cc7\u7523\u3092\u3069\u308c\u3060\u3051\u5897\u3084\u3059\u304b\uff1f\u3000\u3068\u3044\u3046\u3053\u3068\u3092\u76ee\u6a19\u306b\u3057\u3066\u52a9\u8a00\u6d3b\u52d5\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u8fd1\u5e74\u3001<span>ETF<\/span>\u3068\u3044\u3046\u5546\u54c1\u306e\u512a\u4f4d\u6027\u3092\u7406\u89e3\u3059\u308b<span>FA<\/span>\u304c\u5897\u3048\u3066\u304a\u308a\u3001\u904b\u7528\u306e\u52a9\u8a00\u306e\u969b\u306e\u30e1\u30cb\u30e5\u30fc\u3068\u3057\u3066<span>ETF<\/span>\u3092\u7a4d\u6975\u7684\u306b\u5229\u7528\u3059\u308b<span>FA<\/span>\u304c\u5897\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u306a\u3069\u3082<span>ETF<\/span>\u306e\u30d6\u30fc\u30e0\u3092\u5f8c\u62bc\u3057\u3059\u308b\u8981\u56e0\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">FA\u304c<span>ETF<\/span>\u306e\u5229\u7528\u4fa1\u5024\u306b\u6c17\u4ed8\u304d\u3001\u305d\u308c\u3092\u7a4d\u6975\u7684\u306b\u6d3b\u7528\u3057\u306f\u3058\u3081\u3066\u3044\u308b<\/span><\/p>\n<p>ETF\u306f\u500b\u4eba\u6295\u8cc7\u5bb6\u3060\u3051\u3067\u306a\u304f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3082\u6d3b\u767a\u306b\u30c8\u30ec\u30fc\u30c9\u3057\u3066\u3044\u307e\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u5e74\u91d1\u30d5\u30a1\u30f3\u30c9\u3001\u57fa\u91d1\u3001\u4fdd\u967a\u4f1a\u793e\u3001\u6295\u4fe1\u4f1a\u793e\u3001\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306a\u3069\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%81%A8%E3%82%8A%E3%81%82%E3%81%88%E3%81%9A%E3%82%AD%E3%83%A3%E3%83%83%E3%82%B7%E3%83%A5%E3%82%92%E3%80%8C%E9%A7%90%E8%BB%8A%E3%80%8D%E3%81%97%E3%81%A6%E3%81%8A%E3%81%8F%E5%A0%B4%E6%89%80%E3%81%A8%E3%81%97%E3%81%A6\"><\/span>\u3068\u308a\u3042\u3048\u305a\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u300c\u99d0\u8eca\u300d\u3057\u3066\u304a\u304f\u5834\u6240\u3068\u3057\u3066<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c<span>ETF<\/span>\u3092\u8cb7\u3046\u3072\u3068\u3064\u306e\u7406\u7531\u306f\u3001\u3068\u308a\u3042\u3048\u305a\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u300c\u99d0\u8eca\u300d\u3057\u3066\u304a\u304f\u5834\u6240\u3068\u3057\u3066\u306e<span>ETF<\/span>\u306e\u8cfc\u5165\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u3001\u3068\u308a\u3042\u3048\u305a\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u300c\u99d0\u8eca\u300d\u3057\u3066\u304a\u304f\u305f\u3081\u306e\u5834\u6240\u3068\u3057\u3066<span>ETF<\/span>\u3092\u8cfc\u5165\u3059\u308b\u3068\u304d\u304c\u3042\u308b<\/span><\/p>\n<p>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u7d76\u3048\u305a\u65b0\u898f\u8cc7\u91d1\u306e\u6d41\u5165\u3084\u3001\u9006\u306b\u89e3\u7d04\u8acb\u6c42\u3092\u53d7\u3051\u307e\u3059\u3002\u3064\u307e\u308a\u904b\u7528\u8cc7\u7523\u306f\u3001\u5e38\u306b\u5909\u52d5\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3044\u307e\u51ac\u306e\u30dc\u30fc\u30ca\u30b9\u30fb\u30b7\u30fc\u30ba\u30f3\u3092\u4f8b\u306b\u3068\u308a\u307e\u3057\u3087\u3046\u3002\u5df7\u3067\u30dc\u30fc\u30ca\u30b9\u306e\u652f\u7d66\u304c\u30d4\u30fc\u30af\u3092\u8fce\u3048\u308b\u3068\u3001\u300c\u3053\u306e\u969b\u3001\u6295\u4fe1\u3092\u8cb7\u304a\u3046\u300d\u3068\u8003\u3048\u308b\u500b\u4eba\u6295\u8cc7\u5bb6\u3082\u5897\u3048\u307e\u3059\u3002\u3059\u308b\u3068\u6295\u4fe1\u4f1a\u793e\u306b\u306f\u6ca2\u5c71\u306e\u30cb\u30e5\u30fc\u30fb\u30de\u30cd\u30fc\u304c\u5165\u3063\u3066\u6765\u308b\u308f\u3051\u3067\u3059\u3002\u305d\u306e\u5834\u5408\u3001\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u65e2\u306b\u8cb7\u3044\u305f\u3044\u9298\u67c4\u3092\u6c7a\u3081\u3066\u3044\u308b\u5834\u5408\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u305d\u3046\u3067\u306a\u3044\u6642\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3082\u3057\u30cb\u30e5\u30fc\u30fb\u30de\u30cd\u30fc\u3092\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u307e\u307e\u3067\u7f6e\u3044\u3066\u304a\u304f\u3068\u3001\u682a\u4fa1\u6307\u6570\u304c\u4e0a\u6607\u3057\u305f\u3068\u304d\u306b\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c\u52a3\u5f8c\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u666e\u6bb5\u3001\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f<span>0.01<\/span>\uff05\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u7af6\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u3059\u304b\u3089\u3001\u307b\u3093\u306e\u5c11\u3057\u3067\u3082\u300c\u904a\u3093\u3067\u3044\u308b\u8cc7\u91d1\u300d\u3092\u6b8b\u3059\u3068\u3001\u305d\u308c\u304c\u547d\u53d6\u308a\u306b\u306a\u308b\u5834\u5408\u304c\u3042\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u3092\u907f\u3051\u308b\u305f\u3081\u3001\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\uff08\u3068\u308a\u3042\u3048\u305a<span>ETF<\/span>\u3067\u3082\u8cb7\u3063\u3066\u304a\u3053\u3046\uff09\u3068\u3044\u3046\u6c7a\u65ad\u3092\u3059\u308b\u308f\u3051\u3067\u3059\u3002\u3053\u308c\u306f\u300c\u30a4\u30f3\u30bf\u30ea\u30e0\u30fb\u30d9\u30fc\u30bf\uff08<span>interim beta<\/span>\uff09\u300d\u3068\u547c\u3070\u308c\u308b\u624b\u6cd5\u3067\u3059\u3002\u307e\u305f\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u306f\u51fa\u6765\u9ad8\u304c\u5927\u5909\u591a\u304f\u3001\u51e6\u5206\u58f2\u308a\u3082\u30b5\u30af\u30b5\u30af\u3067\u304d\u307e\u3059\u3002\u3060\u304b\u3089\u500b\u5225\u682a\u3092\u58f2\u5374\u3057\u3066\u89e3\u7d04\u306b\u5bfe\u5fdc\u3059\u308b\u3088\u308a\u3082\u3001<span>ETF<\/span>\u3092\u51e6\u5206\u3059\u308b\u3053\u3068\u3067\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u3053\u3057\u3089\u3048\u308b\u65b9\u304c\u6709\u5229\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%83%9D%E3%83%BC%E3%83%88%E3%83%95%E3%82%A9%E3%83%AA%E3%82%AA%E3%81%AE%E3%83%98%E3%83%83%E3%82%B8%E3%81%A8%E3%81%97%E3%81%A6\"><\/span>\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30d8\u30c3\u30b8\u3068\u3057\u3066<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ETF\u306f\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u30d8\u30c3\u30b8\u3059\u308b\u5834\u5408\u306b\u4f7f\u308f\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u73fe\u5728\u3001<span>ETF<\/span>\u306e\u30b7\u30e7\u30fc\u30c8\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3\u306f<span>19<\/span>\u5146\u5186\u307b\u3069\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u3053\u3068\u306f\u3064\u307e\u308a<span>ETF<\/span>\u3092\u300c\u58f2\u308a\u300d\u306e\u305f\u3081\u306b\u4f7f\u3063\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u3082\u6ca2\u5c71\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002\u5b9f\u969b\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u30bf\u30a4\u30d7\u5225\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u898b\u308b\u3068\u3001\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306e\u5834\u5408\u3001<span>S&amp;P500<\/span>\u6307\u6570\u3092\u306a\u305e\u308b<span>SPDR S&amp;P500 ETF<\/span>\uff08<span>SPY<\/span>\uff09\u306f\u30cd\u30c3\u30c8\u30fb\u30d9\u30fc\u30b9\u3067\u30b7\u30e7\u30fc\u30c8\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u6b86\u3069\u3067\u3059\u3002\u3053\u308c\u306f\u3069\u3046\u3057\u3066\u304b\uff1f\u3000\u3068\u3044\u3046\u3068\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u500b\u5225\u682a\u306e\u30ed\u30f3\u30b0\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u30d8\u30c3\u30b8\u3059\u308b\u76ee\u7684\u3067<span>SPY<\/span>\u3092\u30b7\u30e7\u30fc\u30c8\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u3001\u500b\u5225\u682a\u306e\u30ed\u30f3\u30b0\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u30d8\u30c3\u30b8\u3059\u308b\u76ee\u7684\u3067<span>SPY<\/span>\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b<\/span><\/p>\n<p>\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u3001\u3042\u308b\u7279\u5b9a\u306e\u30bb\u30af\u30bf\u30fc\u306b\u60aa\u6750\u6599\u304c\u3042\u308a\u305d\u3046\u306a\u5834\u5408\u3001\u30bb\u30af\u30bf\u30fc<span>ETF<\/span>\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u3053\u3068\u3067\u3001\u81ea\u5206\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u306b\u3042\u308b\u4e00\u90e8\u306e\u30bb\u30af\u30bf\u30fc\u306e\u30c0\u30a6\u30f3\u30b5\u30a4\u30c9\u30fb\u30ea\u30b9\u30af\u3092\u30d8\u30c3\u30b8\u3059\u308b\u3053\u3068\u3082\u3057\u307e\u3059\u3002\u4e00\u4f8b\u3068\u3057\u3066\u53bb\u5e74\u3001\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u4f01\u696d\u306e\u85ac\u4fa1\u540a\u308a\u4e0a\u3052\u304c\u653f\u6cbb\u306e\u4e89\u70b9\u5316\u3057\u305f\u969b\u3001\u30a2\u30a4\u30b7\u30a7\u30a2\u30fc\u30ba\u30fb\u30ca\u30b9\u30c0\u30c3\u30af\u30fb\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fc<span>ETF<\/span>\uff08<span>IBB<\/span>\uff09\u3092\u7a7a\u58f2\u308a\u3059\u308b\u3053\u3068\u3067\u5484\u55df\uff08\u3068\u3063\u3055\uff09\u306e\u30d8\u30c3\u30b8\u3068\u3057\u305f\u6295\u8cc7\u5bb6\u304c\u591a\u304b\u3063\u305f\u3067\u3059\u3002<\/p>\n<p>\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30d8\u30c3\u30b8\u306e\u305f\u3081\u306b<span>ETF<\/span>\u3092\u5229\u7528\u3059\u308b\u5834\u5408\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u304c\u4e0b\u304c\u3063\u305f\u6642\u306b\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u3001\u3044\u308f\u3086\u308b\u30d9\u30a2\u578b\u306e<span>ETF<\/span>\u3092\u8cfc\u5165\u3059\u308b\u3068\u3044\u3046\u65b9\u6cd5\u3082\u3042\u308a\u307e\u3059\u3002\u7d30\u304b\u3044\u8b70\u8ad6\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u500b\u5225\u682a\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u969b\u306f\u3001\u501f\u682a\u304c\u51fa\u6765\u308b\u304b\u3069\u3046\u304b\u3092\u5148\u305a\u78ba\u8a8d\u3057\u305f\u3046\u3048\u3067\u3001\u305d\u306e\u682a\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3082\u3057\u501f\u682a\u5e02\u5834\u304c\u30bf\u30a4\u30c8\u3001\u3059\u306a\u308f\u3061\u54c1\u8584\u306a\u5834\u5408\u3001\u501f\u682a\u3059\u308b\u30b3\u30b9\u30c8\uff08\u65e5\u6b69\uff09\u304c\u3068\u3066\u3082\u9ad8\u304f\u306a\u308b\u5834\u5408\u3082\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306b\u5bfe\u3057\u3066<span>ETF<\/span>\u306a\u3089\u54c1\u8584\u3092\u5fc3\u914d\u3059\u308b\u5fc5\u8981\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E9%A0%90%E3%81%91%E5%85%88%E5%A4%89%E6%9B%B4%E3%81%AE%E9%9A%9B%E3%81%AEETF%E5%88%A9%E7%94%A8\"><\/span>\u9810\u3051\u5148\u5909\u66f4\u306e\u969b\u306e<span>ETF<\/span>\u5229\u7528<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e<span>ETF<\/span>\u306e\u5229\u7528\u65b9\u6cd5\u306e\u3072\u3068\u3064\u3068\u3057\u3066\u3001\u9810\u3051\u5148\u3092\u978d\u66ff\u3048\u3059\u308b\u969b\u3001<span>ETF<\/span>\u3092\u5229\u7528\u3059\u308b\u3068\u3044\u3046\u65b9\u6cd5\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u5177\u4f53\u4f8b\u3067\u793a\u3057\u305f\u65b9\u304c\u308f\u304b\u308a\u3084\u3059\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>2014\u5e74\u306b\u300c\u50b5\u5238\u306e\u738b\u69d8\u300d\u3068\u3044\u3046\u3042\u3060\u540d\u3092\u6301\u3064\u540d\u7269\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3001\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u304c\u7a81\u7136\u3001\u30d4\u30e0\u30b3\u3068\u3044\u3046\u904b\u7528\u4f1a\u793e\u304b\u3089\u9000\u793e\u3057\u307e\u3057\u305f\u3002\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u304c\u904b\u7528\u3092\u62c5\u5f53\u3057\u3066\u3044\u305f\u300c\u30d4\u30e0\u30b3\u30fb\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u30fb\u30d5\u30a1\u30f3\u30c9\u300d\u304b\u3089\u306f\u591a\u304f\u306e\u8cc7\u91d1\u304c\u6d41\u51fa\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u300c\u79c1\u306f\u30d4\u30e0\u30b3\u3068\u3044\u3046\u904b\u7528\u4f1a\u793e\u304c\u597d\u304d\u3067\u81ea\u5206\u306e\u304a\u91d1\u3092\u9810\u3051\u3066\u3044\u305f\u306e\u3067\u306f\u306a\u304f\u3001\u3042\u304f\u307e\u3067\u3082\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u306b\u904b\u7528\u3057\u3066\u6b32\u3057\u304b\u3063\u305f\u304b\u3089\u3001\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u8cfc\u5165\u3057\u305f\u306e\u3060\uff01\u300d\u3068\u3044\u3046\u30d5\u30a1\u30f3\u304c\u591a\u304b\u3063\u305f\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u5f8c\u3001\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u306f\u30b8\u30e3\u30ca\u30b9\u3068\u3044\u3046\u6295\u4fe1\u4f1a\u793e\u3078\u8ee2\u8077\u3057\u3001\u65b0\u3057\u3044\u30d5\u30a1\u30f3\u30c9\u3092\u7acb\u3061\u4e0a\u3052\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u30d4\u30e0\u30b3\u3092\u8f9e\u3081\u3066\u304b\u3089\u3001\u30b8\u30e3\u30ca\u30b9\u3067\u65b0\u30d5\u30a1\u30f3\u30c9\u3092\u59cb\u3081\u308b\u307e\u3067\u3001\u6e96\u5099\u671f\u9593\u304c\u5fc5\u8981\u3067\u3057\u305f\u3002\u305d\u3053\u3067\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u306e\u30d5\u30a1\u30f3\u306f\u30d4\u30e0\u30b3\u306e\u30d5\u30a1\u30f3\u30c9\u3092\u89e3\u7d04\u3057\u305f\u5f8c\u3001\u6b21\u306e\u65b0\u30d5\u30a1\u30f3\u30c9\u304c\u7acb\u3061\u4e0a\u304c\u308b\u307e\u3067\u306e\u9593\u3001<span>ETF<\/span>\u3092\u8cb7\u3063\u3066\u304a\u8336\u3092\u6fc1\u3057\u305f\u3068\u3044\u3046\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>\u5177\u4f53\u7684\u306b\u8cb7\u308f\u308c\u305f<span>ETF<\/span>\u306f\u3001<span>i<\/span>\u30b7\u30a7\u30a2\u30fc\u30ba\u30fb\u30b3\u30a2<span>US<\/span>\u30a2\u30b0\u30ea\u30b2\u30fc\u30c8\u30fb\u30dc\u30f3\u30c9<span>ETF<\/span>\uff08<span>AGG<\/span>\uff09\u3001\u30d0\u30f3\u30ac\u30fc\u30c9<span>\u00ae<\/span>\u30fb\u30c8\u30fc\u30bf\u30eb\u30fb\u30dc\u30f3\u30c9\u30fb\u30de\u30fc\u30b1\u30c3\u30c8<span>ETF<\/span>\uff08<span>BND<\/span>\uff09\u306a\u3069\u3067\u3059\u3002\u3053\u308c\u3089\u306e<span>ETF<\/span>\u306b\u306f\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u304c\u8f9e\u3081\u305f\u76f4\u5f8c\u306e\u6570\u9031\u9593\u306b<span>7.9<\/span>\u5146\u5186\u306e\u6d41\u5165\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%83%88%E3%83%AC%E3%83%BC%E3%83%87%E3%82%A3%E3%83%B3%E3%82%B0%E3%81%AB%E9%81%A9%E3%81%97%E3%81%9FETF%E3%81%A8%E3%81%AF%EF%BC%9F\"><\/span>\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306b\u9069\u3057\u305f<span>ETF<\/span>\u3068\u306f\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6b21\u306b\u5b9f\u969b\u306b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306b\u9069\u3057\u305f<span>ETF<\/span>\u3068\u306f\u3001\u3069\u306e\u9298\u67c4\u3067\u3042\u308b\u304b\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p>\u4e00\u822c\u306b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306b\u9069\u3057\u305f<span>ETF<\/span>\u3068\u3044\u3046\u3068\u3001\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3046\u3044\u3046\u5358\u7d14\u306a\u8003\u3048\u65b9\u3067\u3082\u5341\u5206\u3060\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u53b3\u5bc6\u306b\u8a00\u3048\u3070\u3001\u6642\u4fa1\u7dcf\u984d\u306e\u5927\u304d\u3044\uff08\uff1d\u7d14\u8cc7\u7523\u306e\u5927\u304d\u3044\uff09<span>ETF<\/span>\u3068\u3001\u51fa\u6765\u9ad8\u306e\u5927\u304d\u3044<span>ETF<\/span>\u306f\u3001\u304b\u306a\u3089\u305a\u3057\u3082\u4e00\u81f4\u3057\u307e\u305b\u3093\u3002\u3053\u308c\u306f\u3069\u3046\u3057\u3066\u304b\u3068\u3044\u3046\u3068\u3001\u5927\u624b\u306e\u4e00\u89d2\u306e\u30d0\u30f3\u30ac\u30fc\u30c9\u30fb\u30b0\u30eb\u30fc\u30d7\u306e\u3088\u3046\u306b\u3001\u4f1a\u793e\u306e\u30e2\u30c3\u30c8\u30fc\u3068\u3057\u3066\u3001\u9577\u671f\u6295\u8cc7\u3092\u5968\u52b1\u3057\u3001\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u3092\u5acc\u3046\u3068\u3053\u308d\u3082\u3042\u308b\u304b\u3089\u3067\u3059\u3002\u7dcf\u3058\u3066\u8a00\u3048\u3070\u30d0\u30f3\u30ac\u30fc\u30c9\u306e<span>ETF<\/span>\u306f\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u5927\u304d\u3044\u3051\u308c\u3069\u3001\u51fa\u6765\u9ad8\u306f\u305d\u308c\u307b\u3069\u591a\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u7686\u3055\u3093\u304c\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u76ee\u7684\u3067<span>ETF<\/span>\u3092\u58f2\u8cb7\u3059\u308b\u306a\u3089\u3001\u65e5\u9803\u304b\u3089\u51fa\u6765\u9ad8\u304c\u591a\u3044\u9298\u67c4\u3092\u4e2d\u5fc3\u306b\u653b\u3081\u308b\u3079\u304d\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u76ee\u7684\u3067<span>ETF<\/span>\u3092\u58f2\u8cb7\u3059\u308b\u306a\u3089\u3001\u65e5\u9803\u304b\u3089\u51fa\u6765\u9ad8\u306e\u591a\u3044\u9298\u67c4\u3092\u4e2d\u5fc3\u306b\uff01<\/span><\/p>\n<p>\u305d\u306e\u3088\u3046\u306a\u6d3b\u767a\u306b\u53d6\u5f15\u3055\u308c\u308b\u9298\u67c4\u306f\u3001<span>Bid\/Ask<\/span>\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u3082\u5c0f\u3055\u3044\u3067\u3059\u3057\u3001\u809d\u5fc3\u306a\u77ac\u9593\u306b\u7d04\u5b9a\u304c\u9045\u308c\u308b\u30ea\u30b9\u30af\u3082\u6bd4\u8f03\u7684\u5c0f\u3055\u3044\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u6d3b\u767a\u306b\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b<span>ETF<\/span>\u306f<span>Bid\/Ask<\/span>\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5c0f\u3055\u304f\u3001\u7d04\u5b9a\u304c\u9045\u308c\u308b\u30ea\u30b9\u30af\u3082\u5c0f\u3055\u3044<\/span><\/p>\n<p>\u4e0b\u306f\u7c73\u56fd\u3067\u6700\u3082\u6d3b\u767a\u306b\u30c8\u30ec\u30fc\u30c9\u3055\u308c\u3066\u3044\u308b<span>10<\/span>\u9298\u67c4\u306e<span>ETF<\/span>\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic08-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic08-1.png\" alt=\"\" width=\"805\" height=\"597\" class=\"size-full wp-image-13174 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic08-1.png 805w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic08-1-768x570.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic08-1-289x214.png 289w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic08-1-282x209.png 282w\" sizes=\"auto, (max-width: 805px) 100vw, 805px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"BUY_HOLD%E3%81%AB%E9%81%A9%E3%81%97%E3%81%9FETF%E3%81%A8%E3%81%AF%EF%BC%9F\"><\/span><span>BUY&amp;HOLD<\/span>\u306b\u9069\u3057\u305f<span>ETF<\/span>\u3068\u306f\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u57fa\u672c\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u578b<span>ETF<\/span>\u4ee5\u5916\u306e<span>ETF<\/span>\u306f\u3001\u5168\u3066<span>BUY&amp;HOLD<\/span>\u306b\u9069\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082\u3068\u308a\u308f\u3051\u9577\u671f\u4fdd\u6709\u306b\u9069\u3057\u305f<span>ETF<\/span>\u306f\u30d0\u30f3\u30ac\u30fc\u30c9\u30fb\u30b0\u30eb\u30fc\u30d7\u306e\u51fa\u3057\u3066\u3044\u308b<span>ETF<\/span>\u3067\u3059\u3002<\/p>\n<p>\u30d0\u30f3\u30ac\u30fc\u30c9\u306e<span>ETF<\/span>\u306a\u3089\u3001\u3069\u308c\u3092\u8cb7\u3063\u3066\u3082\u9577\u671f\u4fdd\u6709<span>OK<\/span>\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u7406\u7531\u306f\u3001\u540c\u793e\u306e\u305d\u3082\u305d\u3082\u306e\u8a2d\u7acb\u7406\u5ff5\u304c\u300c\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u6295\u8cc7\u3067<span>BUY&amp;HOLD<\/span>\u3059\u308b\u306e\u304c\u30d9\u30b9\u30c8\u3060\u300d\u3068\u3044\u3046\u4fe1\u5ff5\u306b\u3042\u308b\u304b\u3089\u3067\u3059\u3002\u5f93\u3063\u3066\u3001\u540c\u793e\u306e<span>ETF<\/span>\u306f\u3001\u5168\u3066\u8cbb\u7528\u6bd4\u7387\uff08\u30a8\u30af\u30b9\u30da\u30f3\u30b9\u30fb\u30ec\u30b7\u30aa\uff09\u304c\u6975\u9650\u307e\u3067\u4f4e\u304f\u306a\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"5\"><span class=\"ez-toc-section\" id=\"%E7%AC%AC5%E7%AB%A0ETF%E9%8A%98%E6%9F%84%E8%A7%A3%E8%AA%AC\"><\/span>\u7b2c<span>5<\/span>\u7ae0<span>ETF<\/span>\u9298\u67c4\u89e3\u8aac<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"%E4%BB%A3%E8%A1%A8%E7%9A%84%E3%81%AAETF\"><\/span>\u4ee3\u8868\u7684\u306a<span>ETF<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u4eca\u56de\u306f\u4ee3\u8868\u7684\u306a<span>ETF<\/span>\u306e\u9298\u67c4\u3092\u7d39\u4ecb\u3057\u3066\u3086\u304d\u307e\u3059\u3002<\/p>\n<p>ETF\u306f\u7a2e\u985e\u304c\u591a\u3044\u3057\u3001\u4f3c\u305f\u3088\u3046\u306a\u9298\u67c4\u304c\u6ca2\u5c71\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u305f\u3081\u3069\u308c\u3092\u9078\u3079\u3070\u3088\u3044\u304b\u8ff7\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u8ff7\u3063\u305f\u3089\u3001\u6b21\u306e\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<ol>\n<li>\u6642\u4fa1\u7dcf\u984d\u306e\u5927\u304d\u3044<span>ETF<\/span>\u3092\u9078\u3076\u3053\u3068<\/li>\n<li>\u51fa\u6765\u9ad8\u306e\u5927\u304d\u3044<span>ETF<\/span>\u3092\u9078\u3076\u3053\u3068<\/li>\n<\/ol>\n<p>\u3064\u307e\u308a<span>ETF<\/span>\u306e\u9078\u5225\u306b\u5f53\u3063\u3066\u306f\u3001\u3044\u3061\u3070\u3093\u8ce2\u3044\u65b9\u6cd5\u306f\u3001\u307e\u305a\u6700\u3082\u30dd\u30d4\u30e5\u30e9\u30fc\u306a\u9298\u67c4\u3092<span>10<\/span>\u9298\u67c4\u307b\u3069\u3057\u3063\u304b\u308a\u7814\u7a76\u3057\u3001\u305d\u308c\u306b\u6163\u308c\u89aa\u3057\u3080\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u3092\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u3068\u304d\u3001\u6700\u521d\u304b\u3089\u76ee\u79fb\u308a\u3057\u3066\u306f\u3044\u3051\u306a\u3044\u3002\u307e\u305a\u6700\u3082\u30dd\u30d4\u30e5\u30e9\u30fc\u306a\u9298\u67c4\u3092\u3058\u3063\u304f\u308a\u7814\u7a76\u305b\u3088<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"S_P500%E3%82%92%E3%81%AA%E3%81%9E%E3%82%8B3%E3%81%A4%E3%81%AEETF\"><\/span><span>S&amp;P500<\/span>\u3092\u306a\u305e\u308b<span>3<\/span>\u3064\u306e<span>ETF<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>S&amp;P500\u6307\u6570\u306f\u7c73\u56fd\u3092\u4ee3\u8868\u3059\u308b\u682a\u4fa1\u6307\u6570\u3067\u3001\u6642\u4fa1\u7dcf\u984d\u306e\u5927\u304d\u3044\u9298\u67c4\u3092\u4e2d\u5fc3\u306b\u4e0a\u4f4d\u304b\u3089<span>500<\/span>\u9298\u67c4\u304c\u7d44\u307f\u8fbc\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u4f46\u3057\u65b0\u3057\u3044\u4f01\u696d\u3067\u793e\u6b74\u304c\u77ed\u3044\u4f1a\u793e\u306e\u5834\u5408\u3001\u6642\u4fa1\u7dcf\u984d\u3067\u30c8\u30c3\u30d7<span>500<\/span>\u306b\u5165\u3063\u3066\u3044\u3066\u3082<span>S&amp;P500<\/span>\u6307\u6570\u306b\u306f\u672a\u3060\u7d44\u307f\u8fbc\u307e\u308c\u3066\u3044\u306a\u3044\u9298\u67c4\u3082\u3042\u308a\u307e\u3059\u3002S&amp;P500\u6307\u6570\u306f\u7c73\u56fd\u306e\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d\u306e\u7d04<span>80<\/span>\uff05\u3092\u30ab\u30d0\u30fc\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3053\u306e<span>ETF<\/span>\u3092\u3072\u3068\u3064\u8cb7\u3048\u3070\u3001\u5927\u4f53\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u5f0f\u5e02\u5834\u3092\u307e\u308b\u3054\u3068\u8cb7\u3046\u306e\u306b\u8fd1\u3044\u6295\u8cc7\u52b9\u679c\u304c\u5f97\u3089\u308c\u308b\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>S&amp;P500\u3092\u306a\u305e\u308b<span>ETF<\/span>\u3068\u3057\u3066\u4ee3\u8868\u7684\u306a\u306e\u306f\u4ee5\u4e0b\u306e\u4e09\u9298\u67c4\u3067\u3059\u3002<\/p>\n<ul>\n<li>SPDR S&amp;P500ETF Trust\uff08<span>SPY<\/span>\uff09<\/li>\n<li>\u30a2\u30a4\u30b7\u30a7\u30a2\u30fc\u30ba\u30fb\u30b3\u30a2<span>S&amp;P500 ETF<\/span>\uff08<span>IVV<\/span>\uff09<\/li>\n<li>\u30d0\u30f3\u30ac\u30fc\u30c9<span>S&amp;P500 ETF<\/span>\uff08<span>VOO<\/span>\uff09<\/li>\n<\/ul>\n<p>\u5b9f\u306f\u3053\u306e<span>3<\/span>\u3064\u306e<span>ETF<\/span>\u3060\u3051\u3067<span>2,900<\/span>\u5104\u30c9\u30eb\uff08<span>32.8<\/span>\u5146\u5186\uff09\u8fd1\u3044\u6642\u4fa1\u7dcf\u984d\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e<span>3<\/span>\u3064\u306e<span>ETF<\/span>\u306f\u3001\u3044\u305a\u308c\u3082<span>S&amp;P500<\/span>\u6307\u6570\u306b\u4f9d\u62e0\u3057\u3066\u3044\u308b\u305f\u3081\uff08\u3069\u308c\u3092\u8cb7\u3063\u3066\u3082\u540c\u3058\u3058\u3083\u306a\u3044\u304b\uff09\u3068\u601d\u3046\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u5fae\u5999\u306a\u3068\u3053\u308d\u3067\u76f8\u9055\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u307e\u305a<span>SPDR S&amp;P500 ETF Trust<\/span>\uff08<span>SPY<\/span>\uff09\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u7b2c<span>3<\/span>\u7ae0\u3067\u8aac\u660e\u3057\u305f\u901a\u308a\u3001<span>1940<\/span>\u5e74\u6295\u8cc7\u4f1a\u793e\u6cd5\u306e\u30e6\u30cb\u30c3\u30c8\u30fb\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u30fb\u30c8\u30e9\u30b9\u30c8\uff08<span>UIT<\/span>\uff09\u3068\u3044\u3046\u5f62\u614b\u3092\u63a1\u7528\u3057\u3066\u3044\u307e\u3059\u3002<span>UIT<\/span>\u306e\u5229\u70b9\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u306b\u53d6\u7de0\u5f79\u4f1a\u3092\u8a2d\u7f6e\u3059\u308b\u5fc5\u8981\u304c\u7121\u3044\u4e8b\u3068\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3092\u7f6e\u304b\u306a\u304f\u3066\u3082\u826f\u3044\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>SPY\u306f\u30a2\u30e1\u30ea\u30ab\u6700\u521d\u306e<span>ETF<\/span>\u3060\u3063\u305f\u306e\u3067\u3001\uff08\u5f53\u6642\u306f<span>UIT<\/span>\u3053\u305d\u304c\u6700\u3082\u671b\u307e\u3057\u3044\u5f62\u614b\u3060\uff09\u3068\u3044\u3046\u5224\u65ad\u304b\u3089\u3001\u305d\u306e\u65b9\u5f0f\u304c\u63a1\u7528\u3055\u308c\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u305d\u306e\u554f\u984c\u70b9\u306f\u30d5\u30a1\u30f3\u30c9\u306b\u542b\u307e\u308c\u3066\u3044\u308b\u4f01\u696d\u304c\u6255\u3046\u914d\u5f53\u3092\u3001\u56db\u534a\u671f\u306b\u4e00\u5ea6\u306b\u307e\u3068\u3081\u3066\u3057\u304b\u518d\u6295\u8cc7\u3067\u304d\u306a\u3044\u3068\u3044\u3046\u70b9\u3067\u3059\u3002\u8a00\u3044\u63db\u3048\u308c\u3070\u3001\u305d\u306e\u5206\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u304c\u904a\u3093\u3067\u3057\u307e\u3046\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306b\u5bfe\u3057\u3066\u5f8c\u767a\u306e<span>IVV<\/span>\u3068<span>VOO<\/span>\u306f\u30aa\u30fc\u30d7\u30f3\u30a8\u30f3\u30c9\u578b\u6295\u4fe1\u306e\u5f62\u614b\u3092\u63a1\u7528\u3057\u305f\u306e\u3067\u3001\u6bce\u65e5\u3067\u3082\u914d\u5f53\u306e\u518d\u6295\u8cc7\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n<p>\u6b21\u306b<span>SPY<\/span>\u306e\u8cbb\u7528\u6bd4\u7387\u306f<span>0.0945<\/span>\uff05\u3067\u3001\u3053\u308c\u306f<span>IVV<\/span>\u306e<span>0.07<\/span>\uff05\u3001<span>VOO<\/span>\u306e<span>0.05<\/span>\uff05\u306b\u6bd4\u3079\u308b\u3068\u5272\u9ad8\u3067\u3059\u3002\u9577\u671f\u4fdd\u6709\u3057\u305f\u969b\u306e<span>ETF<\/span>\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u5dee\u306f\u3001\u3053\u306e\u8cbb\u7528\u6bd4\u7387\u306e\u5dee\u3067\u307b\u307c\u6c7a\u307e\u3063\u3066\u6765\u307e\u3059\u3002\u3060\u304b\u3089<span>SPY<\/span>\u306f\u4ed6\u306e<span>2<\/span>\u3064\u306e<span>S&amp;P500<\/span>\u3092\u306a\u305e\u308b<span>ETF<\/span>\u306b\u304f\u3089\u3079\u3066\u3001\u307b\u3093\u306e\u5c11\u3057\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c\u52a3\u5f8c\u3059\u308b\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u540c\u3058\u6295\u8cc7\u5bfe\u8c61\u306b\u6295\u8cc7\u3059\u308b<span>ETF<\/span>\u3092\u9577\u671f\u3067\u4fdd\u6709\u3057\u305f\u5834\u5408\u3001\u8cbb\u7528\u6bd4\u7387\u306e\u5dee\u304c\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u6c7a\u5b9a\u8981\u56e0\u306b\u306a\u308b<\/span><\/p>\n<p>\u305d\u308c\u3067\u306f<span>SPY<\/span>\u306f\u30c0\u30e1\u306a<span>ETF<\/span>\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3000\u305d\u308c\u306f\u3001\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<span>SPY<\/span>\u306e\u9b45\u529b\u306f\u3001\u305d\u306e\u5727\u5012\u7684\u306a\u51fa\u6765\u9ad8\u306b\u3042\u308a\u307e\u3059\u3002\u524d\u56de\u898b\u305f\u3088\u3046\u306b\u3001\u514e\u306b\u89d2\u3001\u3053\u306e<span>ETF<\/span>\u304c\u6700\u3082\u51fa\u6765\u9ad8\u304c\u591a\u3044\u306e\u3067\u3001<span>Bid<\/span>\u3068<span>Ask<\/span>\u306e\u5dee\u306f\u9650\u308a\u306a\u304f<span>0<\/span>\u306b\u8fd1\u3044\u3067\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u30c7\u30a4\u30c8\u30ec\u3059\u308b\u306a\u3089<span>SPY<\/span>\u307b\u3069\u6700\u5f37\u306e<span>ETF<\/span>\u306f\u7121\u3044\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">S&amp;P500\u6307\u6570\u3092\u30c7\u30a4\u30c8\u30ec\u3059\u308b\u306a\u3089<span>SPY<\/span>\u304c\u6700\u5f37\u3060<\/span><\/p>\n<p>\u3053\u308c\u3068\u306f\u5bfe\u7167\u7684\u306b\u3001\u3082\u3057\u7686\u3055\u3093\u304c\u9577\u671f\u4fdd\u6709\u3092\u8003\u3048\u3066\u3044\u308b\u306e\u306a\u3089\u3001\u30d9\u30b9\u30c8\u306e<span>S&amp;P500<\/span>\u95a2\u9023\u306e<span>ETF<\/span>\u306f<span>VOO<\/span>\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">S&amp;P500\u6307\u6570\u3092\u9577\u671f\u3067\u4fdd\u6709\u3057\u305f\u3044\u306a\u3089<span>VOO<\/span>\u304c\u6700\u5f37\u3060<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%83%80%E3%82%A6%E5%B7%A5%E6%A5%AD%E6%A0%AA%E5%B9%B3%E5%9D%87%E6%8C%87%E6%95%B0%E3%82%92%E3%83%88%E3%83%AC%E3%83%BC%E3%83%89%E3%81%99%E3%82%8B%E3%81%AA%E3%82%89\"><\/span>\u30c0\u30a6\u5de5\u696d\u682a\u5e73\u5747\u6307\u6570\u3092\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u306a\u3089<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6b21\u306b\u540c\u3058\u304f\u65e5\u672c\u4eba\u304c\u826f\u304f\u77e5\u3063\u3066\u3044\u308b\u30c0\u30a6\u5de5\u696d\u682a\u4fa1\u5e73\u5747\u6307\u6570\u306b\u6295\u8cc7\u3067\u304d\u308b<span>SPDR DJIA Trust<\/span>\uff08<span>DIA<\/span>\uff09\u3068\u3044\u3046<span>ETF<\/span>\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u682a\u4fa1\u6307\u6570\u306f\u512a\u826f\u682a<span>30<\/span>\u9298\u67c4\u304b\u3089\u69cb\u6210\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u540c\u6307\u6570\u306f\u30c1\u30e3\u30fc\u30eb\u30ba\u30fb\u30c0\u30a6\u306b\u3088\u3063\u3066<span>1896<\/span>\u5e74\u306b\u8003\u6848\u3055\u308c\u307e\u3057\u305f\u3002\u305d\u306e\u5f53\u6642\u306e\u69cb\u6210\u9298\u67c4\u6570\u306f<span>30<\/span>\u3067\u306f\u7121\u304f\u3001\u50c5\u304b<span>12<\/span>\u9298\u67c4\u3067\u3057\u305f\u3002\u305d\u308c\u3089\u306f\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30b3\u30c3\u30c8\u30f3\u30fb\u30aa\u30a4\u30eb\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30b7\u30e5\u30ac\u30fc\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u3001\u30b7\u30ab\u30b4\u30fb\u30ac\u30b9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u3001\u30c7\u30a3\u30b9\u30c6\u30a3\u30ea\u30f3\u30b0\uff06\u30ad\u30e3\u30c8\u30eb\u30fb\u30d5\u30a3\u30fc\u30c7\u30a3\u30f3\u30b0\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u3001\u30bc\u30cd\u30e9\u30eb\u30fb\u30a8\u30ec\u30af\u30c8\u30ea\u30c3\u30af\u3001<span>US<\/span>\u30ec\u30b6\u30fc\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u3001<span>US<\/span>\u30e9\u30d0\u30fc\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc\u306a\u3069\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u4f01\u696d\u306e\u5927\u90e8\u5206\u306f\u3001\u4eca\u3067\u306f\u5b58\u5728\u3057\u307e\u305b\u3093\u3002\u6307\u6570\u304c\u30c7\u30d3\u30e5\u30fc\u3057\u3066\u304b\u3089\u3001\u3053\u3093\u306b\u3061\u307e\u3067\u4e00\u8cab\u3057\u3066\u6307\u6570\u69cb\u6210\u9298\u67c4\u3068\u306a\u3063\u3066\u3044\u308b\u306e\u306f\u3001\u30bc\u30cd\u30e9\u30eb\u30fb\u30a8\u30ec\u30af\u30c8\u30ea\u30c3\u30af\u306e\u307f\u3067\u3059\u3002<\/p>\n<p>\u30a2\u30e1\u30ea\u30ab\u306b\u305f\u304f\u3055\u3093\u3042\u308b\u4f01\u696d\u306e\u3046\u3061\u3001\u3082\u3063\u3068\u3082\u512a\u826f\u4f01\u696d\u306e<span>30<\/span>\u793e\u3060\u3051\u304c\u3053\u306e\u6307\u6570\u306b\u7d44\u307f\u5165\u308c\u3089\u308c\u308b\u3053\u3068\u304b\u3089\u3001\u300c\u30c0\u30a6<span>30<\/span>\u63a1\u7528\u9298\u67c4\u300d\u306f\u3068\u3066\u3082\u30d7\u30ec\u30b9\u30c6\u30fc\u30b8\u304c\u9ad8\u3044\u3067\u3059\u3002\u3057\u304b\u3057\u9006\u306e\u898b\u65b9\u3092\u3059\u308c\u3070\u9802\u4e0a\u307e\u3067\u4e0a\u308a\u8a70\u3081\u305f\u4f01\u696d\u3070\u304b\u308a\u304c\u30c0\u30a6\u5de5\u696d\u682a\u4fa1\u5e73\u5747\u6307\u6570\u3092\u5360\u3081\u3066\u3044\u308b\u95a2\u4fc2\u3067\uff08\u3082\u3046\u3053\u306e\u4f01\u696d\u306e\u6210\u9577\u306e\u30d4\u30fc\u30af\u306f\u904e\u304e\u305f\uff09\u3068\u3044\u3046\u3088\u3046\u306a\u3001\u6210\u719f\u4f01\u696d\u3070\u304b\u308a\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u5f93\u3063\u3066\u30b0\u30ed\u30fc\u30b9\u3092\u6c42\u3081\u308b\u6295\u8cc7\u5bb6\u306b\u306f\u30c0\u30a6\u5de5\u696d\u682a\u4fa1\u5e73\u5747\u6307\u6570\u306f\u4e0d\u9069\u5207\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3046\u3072\u3068\u3064\u6c17\u3092\u4ed8\u3051\u306a\u3051\u308c\u3070\u3044\u3051\u306a\u3044\u70b9\u3068\u3057\u3066\u3001\u30c0\u30a6\u5de5\u696d\u682a\u4fa1\u5e73\u5747\u6307\u6570\u306f\u3001\u3044\u308f\u3086\u308b\u5358\u7d14\u5e73\u5747\u3068\u547c\u3070\u308c\u308b\u624b\u6cd5\u3067\u8a08\u7b97\u3055\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u70b9\u304c\u3042\u308a\u307e\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001<span>30<\/span>\u9298\u67c4\u305d\u308c\u305e\u308c\u306e\u682a\u4fa1\u3092\u5358\u7d14\u306b\u5168\u90e8\u8db3\u3057\u4e0a\u3052\u3001\u305d\u308c\u3092\u9664\u6570\u3068\u3044\u3046\u682a\u5f0f\u5206\u5272\u306a\u3069\u306b\u3088\u308b\u6b6a\u66f2\u3092\u9664\u53bb\u3059\u308b\u305f\u3081\u306e\u8abf\u6574\u5024\u3067\u5272\u7b97\u3057\u305f\u3060\u3051\u306e\u6307\u6570\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u682a\u4fa1\u6307\u6570\u304c\u30c7\u30d3\u30e5\u30fc\u3057\u305f\u5f53\u6642\u306f\u3001\u30b3\u30f3\u30d4\u30e5\u30fc\u30bf\u304c\u7121\u3044\u6642\u4ee3\u3067\u3057\u305f\u306e\u3067\u3001\u3053\u3046\u3044\u3046\u539f\u59cb\u7684\u306a\u6307\u6570\u306e\u8a2d\u8a08\u306b\u306a\u3089\u3056\u308b\u3092\u5f97\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u98a8\u306b\u3082\u8a00\u3048\u307e\u3059\u3002\u3059\u308b\u3068\u3053\u306e<span>30<\/span>\u9298\u67c4\u304b\u3089\u306a\u308b\u30e1\u30f3\u30d0\u30fc\u306e\u3046\u3061\u3001\u682a\u4fa1\u306e\u6570\u5b57\u304c\u3044\u3061\u3070\u3093\u5927\u304d\u3044\u9298\u67c4\u304c\u3001\u6700\u3082\u6307\u6570\u306b\u5360\u3081\u308b\u6bd4\u91cd\u304c\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u4e0b\u306f<span>2016<\/span>\u5e74<span>3<\/span>\u6708<span>24<\/span>\u65e5\u306e\u30c0\u30a6\u69cb\u6210\u9298\u67c4\u306e\u5f15\u3051\u5024\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic09-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic09-1.png\" alt=\"\" width=\"678\" height=\"1240\" class=\"size-full wp-image-13175 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic09-1.png 678w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic09-1-560x1024.png 560w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic09-1-117x214.png 117w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic09-1-142x260.png 142w\" sizes=\"auto, (max-width: 678px) 100vw, 678px\" \/><\/a><\/p>\n<p>\u3059\u308b\u3068\u4e00\u756a\u682a\u4fa1\u306e\u5927\u304d\u3044<span>3M<\/span>\uff08<span>164.46<\/span>\uff09\u306f\u3001\u4e00\u756a\u5c0f\u3055\u3044\u30b7\u30b9\u30b3\uff08<span>27.96<\/span>\uff09\u306b\u6bd4\u3079\u3066<span>5.88<\/span>\u500d\u3082\u306e\u91cd\u8981\u3055\u3092\u6301\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306b\u5bfe\u3057\u3066<span>S&amp;P500<\/span>\u6307\u6570\u3084\u30ca\u30b9\u30c0\u30c3\u30af\u7dcf\u5408\u6307\u6570\u306f\u6642\u4fa1\u7dcf\u984d\u30d9\u30fc\u30b9\u3067\u6307\u6570\u3078\u306e\u30a6\u30a8\u30a4\u30c8\u304c\u6c7a\u307e\u308a\u307e\u3059\u3002\u3053\u306e\u9055\u3044\u3092\u7406\u89e3\u3057\u306a\u3044\u3068\uff08\u306a\u305c\u30c0\u30a6\u5de5\u696d\u682a\u4fa1\u5e73\u5747\u6307\u6570\u3060\u3051\u3001\u9055\u3046\u52d5\u304d\u3092\u3057\u3066\u3044\u308b\u306e\u3060\u308d\u3046\uff1f\uff09\u3068\u3044\u3046\u3053\u3068\u304c\u308f\u304b\u3089\u306a\u304f\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e<span>ETF<\/span>\u306e\u5229\u70b9\u306f\u3001\u30c0\u30a6\u5de5\u696d\u682a\u4fa1\u5e73\u5747\u6307\u6570\u306a\u3089\u3001\u6211\u3005\u304c\u666e\u6bb5\u304b\u3089\u6163\u308c\u89aa\u3057\u3093\u3067\u3044\u308b\u682a\u4fa1\u6307\u6570\u306a\u306e\u3067\u3001\u5024\u899a\u3048\u304c\u3042\u308b\u5206\u3001\u6c34\u6e96\u3082\u63b4\u307f\u6613\u3044\u3068\u3044\u3046\u70b9\u3067\u3057\u3087\u3046\u3002\u4e0a\u306b\u8ff0\u3079\u305f\u3088\u3046\u306a\u7279\u5fb4\u3092\u5206\u304b\u3063\u305f\u4e0a\u3067\u3001\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u5bfe\u8c61\u3068\u3057\u3066\u4f7f\u3046\u306e\u3067\u3042\u308c\u3070\u3001\u5341\u5206\u3001\u5229\u7528\u4fa1\u5024\u306f\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">DIA\u306f\u30c0\u30a6\u5de5\u696d\u682a\u4fa1\u5e73\u5747\u6307\u6570\u3068\u3044\u3046\u30a2\u30f3\u30c6\u30a3\u30fc\u30af\u306e\u3088\u3046\u306a\u682a\u4fa1\u6307\u6570\u3092\u6562\u3048\u3066\u30c8\u30ec\u30fc\u30c9\u3057\u305f\u3044\u3068\u3044\u3046\u4eba\u306b\u306f\u5341\u5206\u5229\u7528\u4fa1\u5024\u304c\u3042\u308b<span>ETF<\/span>\u3060<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%83%8A%E3%82%B9%E3%83%80%E3%83%83%E3%82%AF100%E6%8C%87%E6%95%B0%E3%81%AB%E6%8A%95%E8%B3%87%E3%81%99%E3%82%8BETF\"><\/span>\u30ca\u30b9\u30c0\u30c3\u30af<span>100<\/span>\u6307\u6570\u306b\u6295\u8cc7\u3059\u308b<span>ETF<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u30ca\u30b9\u30c0\u30c3\u30af\u306f<span>1970<\/span>\u5e74\u4ee3\u306b\u8a3c\u5238\u4f1a\u793e\u9593\u3092\u3064\u306a\u3050\u96fb\u5b50\u53d6\u5f15\u30b7\u30b9\u30c6\u30e0\u3068\u3057\u3066\u30c7\u30d3\u30e5\u30fc\u3057\u305f\u5e97\u982d\u76f8\u5bfe\uff08\u3042\u3044\u305f\u3044\uff09\u5e02\u5834\u3067\u3059\u3002\u3053\u306e\u5e02\u5834\u306f\u65b0\u8208\u4f01\u696d\u3092\u62db\u81f4\u3059\u308b\u3053\u3068\u3092\u76ee\u7684\u306b\u8a2d\u7acb\u3055\u308c\u307e\u3057\u305f\u3002\u305d\u306e\u95a2\u4fc2\u3067\u3001\u30ca\u30b9\u30c0\u30c3\u30af\u306b\u306f\u82e5\u3044\u4f01\u696d\u304c\u6ca2\u5c71\u4e0a\u5834\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u30ca\u30b9\u30c0\u30c3\u30af\u5e02\u5834\u306e\u52d5\u304d\u3092\u6349\u3048\u308b\u4ee3\u8868\u7684\u306a\u682a\u4fa1\u6307\u6570\u306f\u30ca\u30b9\u30c0\u30c3\u30af\u7dcf\u5408\u6307\u6570\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u5e02\u5834\u3092\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u969b\u3001\u6700\u3082\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u306f\u3001\u30ca\u30b9\u30c0\u30c3\u30af<span>100<\/span>\u6307\u6570\u3092\u306a\u305e\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u305f\u30d1\u30ef\u30fc\u30b7\u30a7\u30a2\u30fc\u30ba<span>QQQ<\/span>\uff08<span>QQQ<\/span>\uff09\u3067\u3059\u3002\u3053\u3053\u3067\u6c17\u3092\u4ed8\u3051\u306a\u3044\u3068\u3044\u3051\u306a\u3044\u306e\u306f\u3001<strong><span>QQQ<\/span>\u304c\u4f9d\u62e0\u3057\u3066\u3044\u308b\u682a\u4fa1\u6307\u6570\u306f\u30ca\u30b9\u30c0\u30c3\u30af<span>100<\/span>\u6307\u6570\u3067\u3042\u308a\u3001\u6211\u3005\u304c\u666e\u6bb5\u3001\u898b\u6163\u308c\u3066\u3044\u308b\u30ca\u30b9\u30c0\u30c3\u30af\u7dcf\u5408\uff08<span>Nasdaq Composite<\/span>\uff09\u6307\u6570\u3068\u306f\u9055\u3046<\/strong>\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n<p>\u30ca\u30b9\u30c0\u30c3\u30af<span>100<\/span>\u6307\u6570\u306f\u5148\u7269\u3084<span>ETF<\/span>\u306e\u3088\u3046\u306b\u3001\u9010\u6b21\u30c8\u30ec\u30fc\u30c9\u3055\u308c\u308b\u91d1\u878d\u5546\u54c1\u304c\u8a2d\u8a08\u3057\u3084\u3059\u3044\u3088\u3046\u306b\u3068\u306e\u914d\u616e\u304b\u3089\u51fa\u6765\u305f\u3001\u30ca\u30b9\u30c0\u30c3\u30af\u7dcf\u5408\u6307\u6570\u306b\u8fd1\u4f3c\u3059\u308b\u682a\u4fa1\u6307\u6570\u3067\u3059\u3002\u30ca\u30b9\u30c0\u30c3\u30af<span>100<\/span>\u6307\u6570\u3068\u30ca\u30b9\u30c0\u30c3\u30af\u7dcf\u5408\u6307\u6570\u306e\u52d5\u304d\u306f\u3001\u307b\u307c\u540c\u4e00\u3067\u3059\u304c\u3001\u4e0a\u306b\u8ff0\u3079\u305f\u3088\u3046\u306a\u7406\u7531\u304b\u3089\u3001\u5b8c\u5168\u306b\u306f\u4e00\u81f4\u3057\u307e\u305b\u3093\u3002\u307e\u305f\u30ca\u30b9\u30c0\u30c3\u30af<span>100<\/span>\u6307\u6570\uff08<span>4405.53<\/span>\uff09\u3068\u30ca\u30b9\u30c0\u30c3\u30af\u7dcf\u5408\u6307\u6570\uff08<span>4773.51<\/span>\uff09\u3067\u306f\u6570\u5b57\u304c\u9055\u3046\u306e\u3067\u3001\u3053\u308c\u3089\u3092\u6df7\u540c\u3057\u306a\u3044\u3088\u3046\u306b\u6c17\u3092\u4ed8\u3051\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">QQQ\u3092\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u3068\u304d\u306f\u30ca\u30b9\u30c0\u30c3\u30af<span>100<\/span>\u6307\u6570\u3068\u30ca\u30b9\u30c0\u30c3\u30af\u7dcf\u5408\u6307\u6570\u3092\u6df7\u540c\u3057\u306a\u3044\u3088\u3046\u306b\uff01<\/span><\/p>\n<p>\u30ca\u30b9\u30c0\u30c3\u30af\u306b\u306f\u30cf\u30a4\u30c6\u30af\u3001\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306a\u3069\u306e\u82e5\u3044\u4f01\u696d\u304c\u6ca2\u5c71\u4e0a\u5834\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u5f93\u3063\u3066\u3001\u305d\u306e\u3088\u3046\u306a\u6295\u8cc7\u5bfe\u8c61\u306b\u6295\u8cc7\u3057\u305f\u3044\u3068\u3044\u3046\u4eba\u306b\u306f\u3053\u306e\u6307\u6570\u304c\u5411\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E6%97%A5%E7%B5%8C225%E3%81%AB%E9%80%A3%E5%8B%95%E3%81%99%E3%82%8B%E6%97%A5%E6%9C%AC%E3%81%AEETF\"><\/span>\u65e5\u7d4c<span>225<\/span>\u306b\u9023\u52d5\u3059\u308b\u65e5\u672c\u306e<span>ETF<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u65e5\u7d4c<span>225<\/span>\u3092\u306a\u305e\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u305f<span>ETF<\/span>\u306b\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u9298\u67c4\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic10-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic10-1.png\" alt=\"\" width=\"942\" height=\"306\" class=\"size-full wp-image-13176 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic10-1.png 942w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic10-1-768x249.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic10-1-304x99.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic10-1-282x92.png 282w\" sizes=\"auto, (max-width: 942px) 100vw, 942px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E5%8E%9F%E6%B2%B9%E3%81%AB%E9%80%A3%E5%8B%95%E3%81%99%E3%82%8BETF\"><\/span>\u539f\u6cb9\u306b\u9023\u52d5\u3059\u308b<span>ETF<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u539f\u6cb9\u306e\u52d5\u304d\u3092\u306a\u305e\u308b<span>ETF<\/span>\u306e\u4ee3\u8868\u7684\u306a\u3082\u306e\u306f<span>United States Oil Fund<\/span>\uff08<span>USO<\/span>\uff09\u3067\u3059\u3002<span>USO<\/span>\u306f\u539f\u6cb9\u306e\u5148\u7269\u3092\u4fdd\u6709\u3059\u308b\u3053\u3068\u3067\u539f\u6cb9\u306e\u52d5\u304d\u3092\u306a\u305e\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u3053\u304c\u91cd\u8981\u306a\u70b9\u306a\u306e\u3067\u3059\u304c\u3001\u5148\u7269\u306b\u306f\u9650\u6708\uff08\u3052\u3093\u3052\u3064\uff09\u304c\u3042\u308a\u3001\u6642\u9593\u304c\u7d4c\u3064\u306b\u3064\u308c\u3066\u6b21\u306e\u30b3\u30f3\u30c8\u30e9\u30af\u30c8\u3078\u4e57\u308a\u63db\u3048\u306a\u3051\u308c\u3070\u3044\u3051\u307e\u305b\u3093\u3002\u3053\u306e\u4e57\u308a\u63db\u3048\u30b3\u30b9\u30c8\u306e\u3053\u3068\u3092\u300c\u30ed\u30fc\u30eb\u30fb\u30b3\u30b9\u30c8\u300d\u3068\u8a00\u3044\u307e\u3059\u3002\u3053\u306e\u30ed\u30fc\u30eb\u30fb\u30b3\u30b9\u30c8\u306f\u907f\u3051\u308b\u3053\u3068\u304c\u51fa\u6765\u306a\u3044\u306e\u3067\u3001\u9577\u671f\u306b\u6e21\u3063\u3066\u3053\u306e<span>ETF<\/span>\u3092\u4fdd\u6709\u3057\u7d9a\u3051\u308b\u3068\u3001\u30ed\u30fc\u30eb\u30fb\u30b3\u30b9\u30c8\u306e\u5206\u3060\u3051\u3001<span>ETF<\/span>\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c\u539f\u6cb9\u4fa1\u683c\u3088\u308a\u52a3\u5f8c\u3057\u3066\u3057\u307e\u3046\u3068\u3044\u3046\u73fe\u8c61\u304c\u8d77\u3053\u308a\u307e\u3059\u3002<\/p>\n<p>\u8a00\u3044\u63db\u3048\u308c\u3070<span>USO<\/span>\u306f\u9577\u671f\u4fdd\u6709\u306b\u306f\u5411\u304b\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E9%87%91%E3%81%AB%E9%80%A3%E5%8B%95%E3%81%99%E3%82%8BETF\"><\/span>\u91d1\u306b\u9023\u52d5\u3059\u308b<span>ETF<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u91d1\u306e\u52d5\u304d\u3092\u306a\u305e\u308b<span>ETF<\/span>\u3067\u6700\u3082\u30dd\u30d4\u30e5\u30e9\u30fc\u306a\u3082\u306e\u306b<span>SPDR Gold Trust<\/span>\uff08<span>GLD<\/span>\uff09\u304c\u3042\u308a\u307e\u3059\u3002<span>GLD<\/span>\u306f\u5b9f\u969b\u306b\u91d1\u306e\u5ef6\u3079\u68d2\u3092\u30ed\u30f3\u30c9\u30f3\u306b\u3042\u308b\u91d1\u5eab\u306b\u8caf\u8535\u3059\u308b\u3053\u3068\u3067\u3001\u3061\u3087\u3046\u3069\u91d1\u4fa1\u683c\u306e<span>10<\/span>\u5206\u306e<span>1<\/span>\u306e\u5024\u6bb5\u3067<span>ETF<\/span>\u304c\u53d6\u5f15\u3055\u308c\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e<span>ETF<\/span>\u306f\u5b9f\u969b\u306b\u91d1\u5eab\u3092\u6301\u3061\u3001\u5ef6\u3079\u68d2\u3092\u4fdd\u7ba1\u3057\u3066\u3044\u308b\u95a2\u4fc2\u3067\u3001\u8cbb\u7528\u6bd4\u7387\u304c<span>0.40<\/span>\uff05\u3068\u6bd4\u8f03\u7684\u9ad8\u3044\u3067\u3059\u3002\u305d\u306e\u53cd\u9762\u3001\u5148\u7269\u306b\u4f9d\u62e0\u3057\u305f<span>ETF<\/span>\u3067\u306f\u306a\u3044\u305f\u3081\u3001\u30ed\u30fc\u30eb\u30fb\u30b3\u30b9\u30c8\u306b\u3088\u308b\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u52a3\u5f8c\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"6\"><span class=\"ez-toc-section\" id=\"%E7%AC%AC6%E7%AB%A0%E3%83%AC%E3%83%90%E3%83%AC%E3%83%83%E3%82%B8%E3%81%AB%E3%81%A4%E3%81%84%E3%81%A6\"><\/span>\u7b2c<span>6<\/span>\u7ae0\u30ec\u30d0\u30ec\u30c3\u30b8\u306b\u3064\u3044\u3066<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"%E3%83%AC%E3%83%90%E3%83%AC%E3%83%83%E3%82%B8ETF%E3%81%A8%E3%81%AF%EF%BC%9F\"><\/span>\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u3068\u306f\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u3068\u306f\u3001\u305d\u306e<span>ETF<\/span>\u304c\u4f9d\u62e0\u3057\u3066\u3044\u308b\u682a\u4fa1\u6307\u6570\u306a\u3069\u306e\u539f\u8cc7\u7523\u304c<span>1<\/span>\u52d5\u3044\u305f\u3068\u304d\u3001<span>2<\/span>\u500d\uff08<span>2X<\/span>\uff09\u3001<span>3<\/span>\u500d\uff08<span>3X<\/span>\uff09\u306e\u52d5\u304d\u3092\u3059\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u308b<span>ETF<\/span>\u3092\u6307\u3057\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u3068\u306f\u3001<span>2<\/span>\u500d\u3001<span>3<\/span>\u500d\u306e\u52d5\u304d\u3092\u3059\u308b<span>ETF<\/span>\u3092\u6307\u3059<\/span><\/p>\n<p>\u30ec\u30d0\u30ec\u30c3\u30b8\u3068\u306f\u300c\u3066\u3053\u300d\u306e\u610f\u5473\u3067\u3001\u666e\u901a\u3001\u501f\u5165\u3001\u5148\u7269\u3001\u30b9\u30ef\u30c3\u30d7\u306a\u3069\u3092\u5229\u7528\u3059\u308b\u3053\u3068\u3067\u300c\u3066\u3053\u300d\u306e\u539f\u7406\u306e\u3088\u3046\u306b\u30ea\u30bf\u30fc\u30f3\u3092\u5f37\u8abf\u3059\u308b\u308f\u3051\u3067\u3059\u3002\u3082\u3057\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u304c\u81ea\u5206\u306e\u601d\u3044\u901a\u308a\u306e\u65b9\u5411\u3078\u52d5\u3051\u3070\u3001\u30ea\u30bf\u30fc\u30f3\u306f\u539f\u8cc7\u7523\u306e\u52d5\u304d\u3088\u308a\u3082\u8a87\u5f35\u3055\u308c\u307e\u3059\u3002\u3057\u304b\u3057\u9006\u306e\u65b9\u5411\u3078\u52d5\u3051\u3070\u3001\u640d\u306f<span>2<\/span>\u500d\u3001<span>3<\/span>\u500d\u306b\u306a\u3063\u3066\u8df3\u306d\u8fd4\u3063\u3066\u304d\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3053\u3068\u304b\u3089\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306e\u5229\u7528\u306b\u969b\u3057\u3066\u306f\u3001\u91cd\u3005\u6c17\u3092\u4ed8\u3051\u308b\u5fc5\u8981\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%83%AC%E3%83%90%E3%83%AC%E3%83%83%E3%82%B8ETF%E5%B8%82%E5%A0%B4%E3%81%AE%E6%A6%82%E8%A6%B3\"><\/span>\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u5e02\u5834\u306e\u6982\u89b3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u73fe\u5728\u3001\u4e16\u754c\u306b\u306f\u7d04<span>240<\/span>\u7a2e\u985e\u306e\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u5168\u3066\u306e<span>ETF<\/span>\u6b8b\u9ad8\u306e<span>2<\/span>\uff05\u7a0b\u5ea6\u306b\u904e\u304e\u307e\u305b\u3093\u3002\u307e\u305f\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08<span>SEC<\/span>\uff09\u306f\u3001\u65b0\u3057\u3044\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306e\u627f\u8a8d\u306b\u6d88\u6975\u7684\u3060\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306b\u306f\u30ed\u30f3\u30b0\uff08\uff1d\u8cb7\u3044\u304b\u3089\u5165\u308b\u65b9\u6cd5\uff09\u3068\u30b7\u30e7\u30fc\u30c8\uff08\uff1d\u58f2\u308a\u304b\u3089\u5165\u308b\u65b9\u6cd5\uff09\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30ed\u30f3\u30b0<span>ETF<\/span>\u3092\u8cb7\u3063\u305f\u5834\u5408\u3001\u76f8\u5834\u304c\u4e0a\u6607\u3059\u308c\u3070<span>ETF<\/span>\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3001\u5132\u304b\u308a\u307e\u3059\u3002<\/li>\n<li>\u30b7\u30e7\u30fc\u30c8<span>ETF<\/span>\u3092\u8cb7\u3063\u305f\u5834\u5408\u3001\u76f8\u5834\u304c\u4e0b\u843d\u3059\u308c\u3070<span>ETF<\/span>\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3001\u5132\u304b\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n<p>\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u3001\u76f8\u5834\u3068\u540c\u3058\u6b69\u8abf\u3067\u52d5\u304f\u3082\u306e\u3092<span>1X<\/span>\u3001\u76f8\u5834\u3088\u308a<span>2<\/span>\u500d\u306e\u6b69\u8abf\u3067\u52d5\u304f\u3082\u306e\u3092<span>2X<\/span>\u3001<span>3<\/span>\u500d\u306e\u6b69\u8abf\u3067\u52d5\u304f\u3082\u306e\u3092<span>3X<\/span>\u2026\u2026\u3068\u8a00\u3046\u98a8\u306b\u8868\u73fe\u3057\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306b\u306f<span>2<\/span>\u500d\u3001<span>3<\/span>\u500d\u306a\u3069\u306e\u7a2e\u985e\u304c\u3042\u308b<\/span><\/p>\n<p>\u3044\u307e\u30b7\u30e7\u30fc\u30c8<span>2X ETF<\/span>\u306e\u4f8b\u3067\u8003\u3048\u308b\u3068\u3001\u76f8\u5834\u304c\uff11\u3060\u3051\u4e0a\u6607\u3059\u308b\u3068<span>2<\/span>\u500d\u640d\u3059\u308b\u308f\u3051\u3067\u3059\u3002\u4e0b\u306f\u30dd\u30d4\u30e5\u30e9\u30fc\u306a\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306e\u4f8b\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic11-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic11-1.png\" alt=\"\" width=\"993\" height=\"361\" class=\"size-full wp-image-13177 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic11-1.png 993w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic11-1-768x279.png 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic11-1-304x111.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic11-1-282x103.png 282w\" sizes=\"auto, (max-width: 993px) 100vw, 993px\" \/><\/a><\/p>\n<p>\u3053\u306e\u3046\u3061<span>Direxion Small Cap. Bull 3X<\/span>\uff08<span>TNA<\/span>\uff09\u306f\u7c73\u56fd\u3092\u4ee3\u8868\u3059\u308b\u5c0f\u578b\u682a\u6307\u6570\u3067\u3042\u308b\u30e9\u30c3\u30bb\u30eb<span>2000<\/span>\u6307\u6570\u306b\u57fa\u3065\u3044\u3066\u3044\u307e\u3059\u3002<span><br \/><\/span>\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u4f7f\u7528\u3057\u3001\u30e9\u30c3\u30bb\u30eb<span>2000<\/span>\u6307\u6570\u306e<span>3<\/span>\u500d\u306e\u52d5\u304d\u3092\u3059\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e<span>ETF<\/span>\u306f\u8cbb\u7528\u6bd4\u7387\u304c<span>0.95<\/span>\uff05\u3068\u9ad8\u3044\u3067\u3059\u3002<\/p>\n<p>\u6b21\u306b<span>ProShares Ultra S&amp;P500\u00ae 2X<\/span>\uff08<span>SSO<\/span>\uff09\u306f<span>S&amp;P500\u00ae<\/span>\u6307\u6570\u306b\u57fa\u3065\u3044\u305f\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u3067\u3059\u3002<span><br \/>S&amp;P500\u00ae<\/span>\u6307\u6570\u306e<span>2<\/span>\u500d\u52d5\u304f\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e<span>ETF<\/span>\u306e\u8cbb\u7528\u6bd4\u7387\u306f<span>0.89<\/span>\uff05\u3067\u3059\u3002<\/p>\n<p>ProShares Ultra Short Barclays 20+ Treasury 2X\uff08<span>TBT<\/span>\uff09\u306f\u30d0\u30fc\u30af\u30ec\u30a4\u30ba\u7c73\u56fd<span>20<\/span>\u5e74\u8d85\u8ca1\u52d9\u7701\u8a3c\u5238\u6307\u6570\u306b\u57fa\u3065\u3044\u305f\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u3001<span><br \/><\/span>\u30a4\u30f3\u30d0\u30fc\u30b9\u3001\u3059\u306a\u308f\u3061\u539f\u8cc7\u7523\u3068\u306f\u6b63\u53cd\u5bfe\uff08\u30de\u30a4\u30ca\u30b9\uff09\u306e\u52d5\u304d\u3092\u3059\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u6307\u6570\u306b\u5bfe\u3057\uff0d<span>2<\/span>\u500d\u52d5\u304f\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e<span>ETF<\/span>\u306e\u8cbb\u7528\u6bd4\u7387\u306f<span>0.93<\/span>\uff05\u3067\u3059\u3002<\/p>\n<p>ProShares Ultra Short S&amp;P500\u00ae 2X\uff08<span>SDS<\/span>\uff09\u306f<span>S&amp;P500\u00ae<\/span>\u6307\u6570\u306b\u57fa\u3065\u3044\u305f\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u3067\u3059\u3002\u3053\u308c\u3082\u30a4\u30f3\u30d0\u30fc\u30b9\u3001\u3059\u306a\u308f\u3061\u539f\u8cc7\u7523\u3068\u306f\u6b63\u53cd\u5bfe\uff08\u30de\u30a4\u30ca\u30b9\uff09\u306e\u52d5\u304d\u3092\u3059\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002<span>S&amp;P500\u00ae<\/span>\u6307\u6570\u304c<span>1<\/span>\u4e0a\u6607\u3059\u308b\u3068\u3001\u540c<span>ETF<\/span>\u306f\uff0d<span>2<\/span>\u52d5\u304d\u307e\u3059\u3002\u8cbb\u7528\u6bd4\u7387\u306f<span>0.91<\/span>\uff05\u3067\u3059\u3002<\/p>\n<p>ProShares UltraPro S&amp;P500\u00ae 3X\uff08<span>UPRO<\/span>\uff09\u306f<span>S&amp;P500\u00ae<\/span>\u6307\u6570\u306b\u57fa\u3065\u3044\u305f\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u3067\u3059\u3002<span>S&amp;P500\u00ae<\/span>\u6307\u6570\u304c<span>1<\/span>\u4e0a\u6607\u3057\u305f\u3089\u3001\u3053\u306e<span>ETF<\/span>\u306f\u305d\u306e<span>3<\/span>\u500d\u4e0a\u6607\u3059\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u8cbb\u7528\u6bd4\u7387\u306f<span>0.95<\/span>\uff05\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E3%83%AC%E3%83%90%E3%83%AC%E3%83%83%E3%82%B8ETF%E3%81%A7%E3%82%84%E3%81%A3%E3%81%A6%E3%81%AF%E3%81%84%E3%81%91%E3%81%AA%E3%81%84%E3%81%93%E3%81%A8\"><\/span>\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u3067\u3084\u3063\u3066\u306f\u3044\u3051\u306a\u3044\u3053\u3068<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u3053\u308c\u304b\u3089\u3068\u3066\u3082\u5927\u4e8b\u306a\u3053\u3068\u3092\u8ff0\u3079\u307e\u3059\u3002<\/p>\n<p>\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u30c7\u30a4\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306a\u3069\u3001\u8d85\u77ed\u671f\u3067\u306e\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u4ee5\u5916\u306b\u306f\u4f7f\u308f\u306a\u3044\u3067\u4e0b\u3055\u3044\u3002\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3063\u305f\u307e\u307e\u306b\u3059\u308b\u3068\u3001\u8cc7\u7523\u304c\u3069\u3093\u3069\u3093\u76ee\u6e1b\u308a\u3057\u307e\u3059\u3002\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u3001\u30c7\u30a4\u30c8\u30ec\u4ee5\u5916\u306b\u306f\u3064\u304b\u308f\u306a\u3044\u3053\u3068\u3002\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3061\u3053\u3055\u306a\u3044\u3067\uff01\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u7d04\u675f\u3059\u308b\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u51fa\u3059\u305f\u3081\u306b\u5148\u7269\u3084\u30b9\u30ef\u30c3\u30d7\u306a\u3069\u306e\u624b\u6cd5\u3092\u4f7f\u3044\u307e\u3059\u3002\u305d\u306e\u30ed\u30fc\u30eb\u30aa\u30fc\u30d0\u30fc\u306e\u30b3\u30b9\u30c8\u306f\u3001\u3058\u308f\u3058\u308f\u3068\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u8755\u3080\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u5148\u7269\u306e\u30ed\u30fc\u30eb\u30aa\u30fc\u30d0\u30fc\u30b3\u30b9\u30c8\u306a\u3069\u306e\u5546\u54c1\u3092\u8a2d\u8a08\u3059\u308b\u4e0a\u3067\u907f\u3051\u3066\u901a\u308c\u306a\u3044\u30b3\u30b9\u30c8\u304c\u3001\u3058\u308f\u3058\u308f\u3068\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u8755\u3080<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"%E6%AF%8E%E6%97%A5%E3%83%AA%E3%82%BB%E3%83%83%E3%83%88%E3%81%95%E3%82%8C%E3%82%8B%E3%83%91%E3%83%95%E3%82%A9%E3%83%BC%E3%83%9E%E3%83%B3%E3%82%B9%E3%81%AE%E7%B4%84%E6%9D%9F\"><\/span>\u6bce\u65e5\u30ea\u30bb\u30c3\u30c8\u3055\u308c\u308b\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u7d04\u675f<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u3001\u6628\u65e5\u306e\u5f15\u3051\u5024\u304b\u3089\u8d77\u7b97\u3057\u305f<span>2X<\/span>\u3001<span>3X<\/span>\uff08\u30d9\u30a2\u578b\u306e\u5834\u5408\u306f\uff0d<span>2X<\/span>\u3001\uff0d<span>3X<\/span>\uff09\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u7d04\u675f\u3059\u308b\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u76f8\u5834\u304c\u52d5\u3044\u305f\u5f8c\u306e\u3001\u4eca\u65e5\u306e\u5024\u6bb5\u304b\u3089\u8d77\u7b97\u3057\u305f<span>2X<\/span>\u3001<span>3X<\/span>\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u5b9f\u73fe\u3057\u3088\u3046\u3068\u52aa\u529b\u3059\u308b\u3060\u3051\u3067\u3059\u3002\u3060\u304b\u3089\uff08\u3042\u308c\u3063\uff1f\u3000\u76f8\u5834\u304c\u307e\u3093\u307e\u3068\u81ea\u5206\u306e\u4e88\u60f3\u3057\u305f\u65b9\u5411\u3078\u52d5\u3044\u305f\u306e\u306b\u3001\u601d\u3063\u305f\u307b\u3069\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c\u51fa\u306a\u3044\u305e\uff01\uff09\u3068\u3044\u3046\u3053\u3068\u306f\u5f53\u305f\u308a\u524d\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u3001\u521d\u671f\u306e\u8a2d\u8a08\u6027\u80fd\u3088\u308a\u5c0f\u3055\u3044\u3053\u3068\u304c\u591a\u3044<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"%E3%83%91%E3%83%95%E3%82%A9%E3%83%BC%E3%83%9E%E3%83%B3%E3%82%B9%E3%81%AE%E8%85%90%E9%A3%9F%E3%81%A8%E3%81%84%E3%81%86%E7%8F%BE%E8%B1%A1%E3%81%AB%E3%81%A4%E3%81%84%E3%81%A6\"><\/span>\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u8150\u98df\u3068\u3044\u3046\u73fe\u8c61\u306b\u3064\u3044\u3066<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>\u6bce\u65e5\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u7d04\u675f\u304c\u3001\u76f8\u5834\u304c\u52d5\u3044\u3066\u3057\u307e\u3063\u305f\u5f8c\u306e\u5024\u6bb5\u304b\u3089\u30ea\u30bb\u30c3\u30c8\u3055\u308c\u308b\u306e\u3067\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u8150\u98df\uff08<span>corrosion<\/span>\uff09\u3068\u3044\u3046\u73fe\u8c61\u304c\u3001\u5fc5\u305a\u8d77\u304d\u307e\u3059\u3002\u3082\u3063\u3068\u8a00\u3048\u3070\u3001\u6295\u8cc7\u5bb6\u304c\u5f97\u308b\u3053\u3068\u306e\u3067\u304d\u308b\u30ea\u30bf\u30fc\u30f3\u306f\u3001\u76ee\u6e1b\u308a\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3061\u3044\u3055\u306a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u52a3\u5f8c\u306f\u3001\u4f55\u65e5\u3082\u7a4d\u307f\u91cd\u306a\u308b\u3068\u300c\u30c1\u30ea\u3082\u7a4d\u3082\u308c\u3070\u5c71\u3068\u306a\u308b\u300d\u3067\u4e2d\u9577\u671f\u7684\u306b\u306f\u5927\u304d\u306a\u30c0\u30a6\u30f3\u30b5\u30a4\u30c9\u30ea\u30b9\u30af\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3044\u307e\u3001\u76f8\u5834\u306f\u4e0a\u304c\u3063\u305f\u308a\u3001\u4e0b\u304c\u3063\u305f\u308a\u306e\u632f\u5e45\u3092\u7e70\u308a\u8fd4\u3057\u306a\u304c\u3089\u52d5\u3044\u3066\u3086\u304d\u307e\u3059\u3002\u3060\u304b\u3089\u81ea\u5206\u304c\u6295\u8cc7\u3057\u3066\u3044\u308b\u671f\u9593\u3092\u901a\u7b97\u3057\u3066\u3001\u305d\u308c\u304c\u53f3\u80a9\u4e0a\u304c\u308a\u306b\u306a\u308b\u304b\u3001\u53f3\u80a9\u4e0b\u304c\u308a\u306b\u306a\u308b\u304b\u306f\u3001\u305d\u306e\u6642\u6b21\u7b2c\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306b\u6295\u8cc7\u3057\u305f\u5834\u5408\u306f\u3001\u76f8\u5834\u304c\u4e0a\u304c\u308d\u3046\u304c\u3001\u4e0b\u304c\u308d\u3046\u304c\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u8150\u98df\u73fe\u8c61\u306f\u3001\u5e38\u306b\u3001\u5fc5\u305a\u3064\u304d\u307e\u3068\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u3068\u3044\u3046\u5546\u54c1\u306e\u8a2d\u8a08\u4e0a\u306e\u554f\u984c\u306a\u306e\u3067\u3001\u907f\u3051\u3066\u901a\u308c\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u8150\u98df\u73fe\u8c61\u306f\u3001\u30d6\u30eb\u578b\u3060\u308d\u3046\u304c\u30d9\u30a2\u578b\u3060\u308d\u3046\u304c\u3001\u5fc5\u305a\u3064\u304d\u307e\u3068\u3046<\/span><\/p>\n<p>\u55a9\u3048\u3066\u8a00\u3048\u3070\u3001\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3063\u305f\u307e\u307e\u306b\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001<span>F-1<\/span>\u30ec\u30fc\u30b7\u30f3\u30b0\u30ab\u30fc\u306e\u30a8\u30f3\u30b8\u30f3\u3092\u304b\u3051\u305f\u307e\u307e\u306b\u3057\u3066\u30a2\u30a4\u30c9\u30ea\u30f3\u30b0\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u72b6\u6cc1\u3060\u3068\u601d\u3063\u3066\u304f\u3060\u3055\u3044\u3002\u306a\u308b\u307b\u3069\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306f\u30d1\u30ef\u30d5\u30eb\u3067\u30c0\u30c3\u30b7\u30e5\u529b\u304c\u3042\u308b\u3051\u308c\u3069\u3001\u71c3\u8cbb\u3082\u7121\u8336\u82e6\u8336\u60aa\u3044\u306e\u3067\u3001\u307c\u3093\u3084\u308a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u653e\u7f6e\u3057\u3066\u304a\u304f\u3068\u3044\u3064\u306e\u9593\u306b\u304b\u8cc7\u7523\u304c\u5927\u304d\u304f\u76ee\u6e1b\u308a\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u8150\u98df\u306f\u3001\u30ec\u30d0\u30ec\u30c3\u30b8<span>ETF<\/span>\u306e\u5834\u5408\u3001\u304b\u306a\u3089\u305a\u3064\u304d\u307e\u3068\u3046\u5bbf\u547d\u3060<\/span><\/p>\n<p>\u306a\u304a\u540c\u69d8\u306e\u3053\u3068\u306f<span>VIX<\/span>\u3001\u30a4\u30f3\u30d0\u30fc\u30b9<span>VIX<\/span>\u306a\u3069\u306e<span>ETF<\/span>\u306b\u3082\u3042\u3066\u306f\u307e\u308a\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"7\"><span class=\"ez-toc-section\" id=\"%E7%AC%AC7%E7%AB%A0ETF%E3%82%92%E5%B7%A1%E3%82%8B%E3%83%AA%E3%82%B9%E3%82%AF%E3%82%84%E8%A6%8F%E5%88%B6\"><\/span>\u7b2c<span>7<\/span>\u7ae0<span>ETF<\/span>\u3092\u5de1\u308b\u30ea\u30b9\u30af\u3084\u898f\u5236<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"%E5%8F%96%E5%BC%95%E6%89%80%E3%81%A7%E3%83%88%E3%83%AC%E3%83%BC%E3%83%89%E3%81%95%E3%82%8C%E3%82%8BETF%E3%81%AA%E3%82%89%E3%81%A7%E3%81%AF%E3%81%AE%E3%83%AA%E3%82%B9%E3%82%AF\"><\/span>\u53d6\u5f15\u6240\u3067\u30c8\u30ec\u30fc\u30c9\u3055\u308c\u308b<span>ETF<\/span>\u306a\u3089\u3067\u306f\u306e\u30ea\u30b9\u30af<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u3053\u308c\u307e\u3067\u306b\u8aac\u660e\u3057\u3066\u304d\u305f\u3088\u3046\u306b\u3001<span>ETF<\/span>\u306f\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u8a3c\u5238\u53d6\u5f15\u6240\u306a\u3069\u306e\u53d6\u5f15\u6240\u3067\u666e\u901a\u682a\u3068\u540c\u3058\u3088\u3046\u306a\u611f\u899a\u3067\u53d6\u5f15\u3055\u308c\u308b\u4e0a\u5834\u578b\u6295\u8cc7\u4fe1\u8a17\u3067\u3059\u3002\u305d\u3046\u3067\u3042\u308b\u4ee5\u4e0a\u3001\u682a\u5f0f\u306e\u30c8\u30ec\u30fc\u30c9\u306e\u969b\u306b\u6c17\u3092\u3064\u3051\u308b\u3079\u304d\u30dd\u30a4\u30f3\u30c8\u3068\u3001\u540c\u3058\u3053\u3068\u3092<span>ETF<\/span>\u306e\u30c8\u30ec\u30fc\u30c9\u306e\u969b\u306b\u3082\u6c17\u3092\u4ed8\u3051\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u500b\u5225\u682a\u3092\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u3068\u304d\u306b\u6c17\u3092\u3064\u3051\u308b\u30dd\u30a4\u30f3\u30c8\u304c\u3001<span>ETF<\/span>\u306b\u3082\u3042\u3066\u306f\u307e\u308b<\/span><\/p>\n<p>\u30ea\u30b9\u30af\u5206\u6563\u306b\u306f\u9055\u3044\u306f\u306a\u3044\u304c\u30fb\u30fb\u30fb<\/p>\n<p>\u307e\u305a<span>ETF<\/span>\u3092\u8cb7\u3046\u3068\u3001\u5b9f\u969b\u306b\u306f\u305d\u306e<span>ETF<\/span>\u304c\u306a\u305e\u308d\u3046\u3068\u3057\u3066\u3044\u308b<span>S&amp;P500\u00ae<\/span>\u6307\u6570\u306a\u3069\u306e\u6ca2\u5c71\u306e\u9298\u67c4\u304b\u3089\u6210\u308b\u30d0\u30b9\u30b1\u30c3\u30c8\u306b\u6295\u8cc7\u3057\u305f\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3001\u3061\u3083\u3093\u3068\u30ea\u30b9\u30af\u304c\u5206\u6563\u3067\u304d\u305f\u3088\u3046\u306a\u6c17\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u306f\u305d\u3046\u306b\u9055\u3044\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u500b\u5225\u682a\u3092\u3053\u3064\u3053\u3064\u3068\u8cb7\u3044\u96c6\u3081\u308b\u306e\u3068\u3001<span>ETF<\/span>\u3072\u3068\u3064\u3067\u6e08\u307e\u305b\u3066\u3057\u307e\u3046\u306e\u3067\u306f\u6839\u672c\u7684\u306a\u9055\u3044\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u9055\u3044\u3068\u306f\u3001\u3082\u3057\u305d\u306e<span>ETF<\/span>\u304c\u306a\u3093\u3089\u304b\u306e\u7406\u7531\u3067\u3001\u672c\u6765\u3001\u3064\u3051\u3066\u306f\u3044\u3051\u306a\u3044\u5024\u6bb5\u3092\u4ed8\u3051\u3066\u3057\u307e\u3063\u305f\u3089\u3001\u4e0d\u90fd\u5408\u3092\u751f\u3058\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">ETF\u306e\u7570\u5e38\u5024\u306b\u6c17\u3092\u4ed8\u3051\u308d\uff01<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E7%95%B0%E5%B8%B8%E5%80%A4%E3%81%AE%E4%BE%8B\"><\/span>\u7570\u5e38\u5024\u306e\u4f8b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u4e00\u4f8b\u3068\u3057\u3066<span>2013<\/span>\u5e74<span>8<\/span>\u6708<span>2<\/span>\u65e5\u306e\u53d6\u5f15\u3067\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d9\u30af\u30c8\u30eb\u30fb\u30d5\u30a9\u30fc\u30eb\u30f3\u30fb\u30a8\u30f3\u30b8\u30a7\u30eb<span>ETF<\/span>\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\uff1a<span>ANGL<\/span>\uff09\u3068\u3044\u3046<span>ETF<\/span>\u306b\u7570\u5e38\u5024\u304c\u767a\u751f\u3057\u307e\u3057\u305f\u3002\u4e0b\u304c\u305d\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic12-1.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic12-1.png\" alt=\"\" width=\"567\" height=\"371\" class=\"size-full wp-image-13178 aligncenter\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic12-1.png 567w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic12-1-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic12-1-304x199.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic12-1-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic12-1-548x358.png 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2017\/06\/pic12-1-400x262.png 400w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/p>\n<p>\u3053\u308c\u306f\u3061\u3087\u3046\u3069<span>Ask<\/span>\u3001\u3064\u307e\u308a\u58f2\u308a\u7269\u304c\u5207\u308c\u305f\u3068\u304d\u306b\u6210\u308a\u884c\u304d\u8cb7\u3044\u306e\u6ce8\u6587\u304c\u5165\u308a\u3001\u3068\u3093\u3067\u3082\u306a\u3044\u5024\u6bb5\u3067\u58f2\u8cb7\u304c\u6210\u7acb\u3057\u305f\u4f8b\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u5931\u6557\u306f\u3001\u6ce8\u76ee\u3092\u5165\u308c\u308b\u969b\u3001\u6307\u5024\u3092\u6307\u5b9a\u3059\u308b\u3053\u3068\u3067\u907f\u3051\u308b\u3053\u3068\u304c\u51fa\u6765\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u3044\u3064\u3082\u6307\u5024\u6ce8\u6587\u3092\u3059\u308b\u3053\u3068\u3067\u3001\u601d\u3044\u3082\u3088\u3089\u306a\u3044\u5024\u6bb5\u3067\u57f7\u884c\u3055\u308c\u308b\u3053\u3068\u3092\u9632\u3050\u3053\u3068\u304c\u51fa\u6765\u308b<\/span><\/p>\n<p>\u307e\u305f\u3001\u305d\u3082\u305d\u3082\u666e\u6bb5\u304b\u3089\u6ca2\u5c71\u306e\u51fa\u6765\u9ad8\u304c\u3042\u308b\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u3067\u306f\u3001\u3053\u306e\u3088\u3046\u306b<span>Bid<\/span>\u3084<span>Ask<\/span>\u304c\u30b9\u30ab\u30b9\u30ab\u306b\u306a\u3063\u3066\u3001\u30d8\u30f3\u306a\u5024\u6bb5\u304c\u3064\u3044\u3066\u3057\u307e\u3046\u30ea\u30b9\u30af\u306f\u6975\u3081\u3066\u5c0f\u3055\u3044\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u666e\u6bb5\u304b\u3089\u51fa\u6765\u9ad8\u306e\u591a\u3044\u3001\u30dd\u30d4\u30e5\u30e9\u30fc\u306a<span>ETF<\/span>\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u3066\u3044\u308c\u3070\u3001\u30d8\u30f3\u306a\u5024\u6bb5\u304c\u4ed8\u304f\u30ea\u30b9\u30af\u306f\u8efd\u6e1b\u3067\u304d\u308b<\/span><\/p>\n<p>\u3053\u306e\u3053\u3068\u304b\u3089\u3082\u666e\u6bb5\u304b\u3089\u30dd\u30d4\u30e5\u30e9\u30fc\u3067\u3001\u51fa\u6765\u9ad8\u306e\u591a\u3044<span>ETF<\/span>\u3092\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u7fd2\u6163\u3092\u3064\u3051\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3042\u308b\u3053\u3068\u304c\u308f\u304b\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E8%87%AA%E5%88%86%E3%81%AE%E6%B3%A8%E6%96%87%E3%81%A7%E6%B0%97%E9%85%8D%E3%82%92%E5%8B%95%E3%81%8B%E3%81%97%E3%81%A6%E3%81%97%E3%81%BE%E3%81%86%E3%83%AA%E3%82%B9%E3%82%AF\"><\/span>\u81ea\u5206\u306e\u6ce8\u6587\u3067\u6c17\u914d\u3092\u52d5\u304b\u3057\u3066\u3057\u307e\u3046\u30ea\u30b9\u30af<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u3053\u308c\u306f\u500b\u5225\u682a\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u3066\u3044\u308b\u4eba\u3067\u3082\u6c17\u304c\u3064\u304b\u306a\u3044\u5834\u5408\u304c\u591a\u3044\u306e\u3067\u3059\u304c\u3001\u81ea\u5206\u304c\u3042\u308b\u9298\u67c4\u306b\u6ce8\u6587\u3092\u5165\u308c\u305f\u3053\u3068\u304c\u539f\u56e0\u3067\u3001\u305d\u306e\u9298\u67c4\u306e\u6c17\u914d\u3001\u3064\u307e\u308a\u53d6\u5f15\u4fa1\u683c\u304c\u52d5\u3044\u3066\u3057\u307e\u3046\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306b\u81ea\u5206\u3067\u76f8\u5834\u3092\u52d5\u304b\u3057\u3066\u3057\u307e\u3046\u4e0d\u5229\u76ca\u3092\u3001\u30a4\u30f3\u30d1\u30af\u30c8\u30fb\u30b3\u30b9\u30c8\uff08<span>impact costs<\/span>\uff09\u3068\u3044\u3044\u307e\u3059\u3002<\/p>\n<p>\u9591\u6563\u3068\u3057\u305f\u4eba\u6c17\u8584\u306e<span>ETF<\/span>\u306e\u5834\u5408\u3001\u30a4\u30f3\u30d1\u30af\u30c8\u30fb\u30b3\u30b9\u30c8\u306b\u306f\u91cd\u3005\u306b\u6c17\u3092\u4ed8\u3051\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u70b9\u304b\u3089\u3082\u79c1\u306a\u3089\u51fa\u6765\u9ad8\u304c\u591a\u304f\u3001\u7686\u304c\u30c8\u30ec\u30fc\u30c9\u3057\u3066\u3044\u308b\u4eba\u6c17<span>ETF<\/span>\u3092\u9078\u3073\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u666e\u6bb5\u304b\u3089\u53d6\u5f15\u306e\u9591\u6563\u306a<span>ETF<\/span>\u3092\u907f\u3051\u308b\u3053\u3068\u3067\u3001\u30a4\u30f3\u30d1\u30af\u30c8\u30fb\u30b3\u30b9\u30c8\u306e\u4e0d\u5229\u76ca\u3092\u907f\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"BidAsk%E3%81%AE%E3%82%B9%E3%83%97%E3%83%AC%E3%83%83%E3%83%89\"><\/span>Bid\/Ask\u306e\u30b9\u30d7\u30ec\u30c3\u30c9<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bid\u3068\u306f\u3001\u8cb7\u3044\u624b\u304c\u652f\u6255\u3063\u3066\u3082\u826f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u5024\u6bb5\u3092\u6307\u3057\u3001<span>Ask<\/span>\u3068\u306f\u58f2\u308a\u624b\u304c\u3053\u306e\u5024\u6bb5\u3067\u51e6\u5206\u3057\u3066\u3082\u826f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u5024\u6bb5\u3092\u6307\u3057\u307e\u3059\u3002<\/p>\n<p>\u3082\u3057\u3042\u306a\u305f\u304c\u4eca\u3001\u3042\u308b<span>ETF<\/span>\u3092\u8cb7\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u306a\u3089\u3001\u5e7e\u3089\u3067\u8cb7\u3048\u308b\u304b\uff1f\u3000\u306e\u76ee\u5b89\u3068\u306a\u308b\u5024\u6bb5\u306f<span>Ask<\/span>\u3001\u3064\u307e\u308a\u58f2\u308a\u624b\u304c\u5e7e\u3089\u306e\u5024\u6bb5\u3092\u8981\u6c42\u3057\u3066\u3044\u308b\u304b\u3092\u898b\u308c\u3070\u826f\u3044\u3067\u3059\u3002\u9006\u306b\u3042\u306a\u305f\u304c<span>ETF<\/span>\u3092\u58f2\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u306a\u3089\u3001\u5e7e\u3089\u3067\u58f2\u308c\u308b\u304b\uff1f\u3000\u306e\u76ee\u5b89\u306b\u306a\u308b\u5024\u6bb5\u306f<span>Bid<\/span>\u306e\u5024\u6bb5\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e<span>Bid<\/span>\u3068<span>Ask<\/span>\u306e\u5024\uff08\uff1d\u305d\u308c\u3089\u3092\u300c\u6c17\u914d\u300d\u3068\u8a00\u3046\u5834\u5408\u304c\u3042\u308a\u307e\u3059\uff09\u304c\u304b\u3051\u96e2\u308c\u3066\u3044\u308b\u3068\u3001\u6709\u5229\u306b\u30c8\u30ec\u30fc\u30c9\u3092\u9032\u3081\u306b\u304f\u304f\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u3088\u3046\u306a\u6295\u8cc7\u5bfe\u8c61\u306f\u300c\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5927\u304d\u3044\u300d\u3068\u8868\u73fe\u3057\u307e\u3059\u3002<span>Bid\/Ask<\/span>\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5927\u304d\u3044<span>ETF<\/span>\u306f\u3001\u907f\u3051\u305f\u65b9\u304c\u7121\u96e3\u3067\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">Bid\/Ask\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5927\u304d\u3044<span>ETF<\/span>\u306f\u907f\u3051\u305f\u65b9\u304c\u7121\u96e3<\/span><\/p>\n<p>\u306a\u305c\u306a\u3089\u305d\u306e\u3088\u3046\u306a<span>ETF<\/span>\u306f\u3001\u8cb7\u3046\u306e\u306b\u82e6\u52b4\u3059\u308b\u304b\u3089\u3067\u3059\u3002\u81ea\u5206\u304c\u30a4\u30e1\u30fc\u30b8\u3057\u3066\u3044\u305f\u3088\u308a\u3001\u9ad8\u3044\u30b3\u30b9\u30c8\u3067\u8cb7\u3046\u7fbd\u76ee\u306b\u9665\u308a\u3084\u3059\u3044\u3067\u3059\u3002\u305d\u306e<span>ETF<\/span>\u3092\u6b21\u306b\u51e6\u5206\u3059\u308b\u5834\u5408\u306b\u306f\u3001\u4eca\u5ea6\u306f\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5927\u304d\u3044\u306e\u3067\u81ea\u5206\u304c\u8003\u3048\u3066\u3044\u308b\u5024\u6bb5\u3088\u308a\u305a\u3063\u3068\u4f4e\u3044\u5024\u6bb5\u3067\u3057\u304b\u58f2\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u304c\u3061\u3067\u3059\u3002<\/p>\n<p>\u8a00\u3044\u63db\u3048\u308c\u3070\u3001\u8cb7\u3046\u6642\u3068\u58f2\u308b\u6642\u306e\u4e21\u65b9\u3001\u5f80\u5fa9\u3067\u4e0d\u5229\u306a\u30c8\u30ec\u30fc\u30c9\u3092\u5f37\u3044\u3089\u308c\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E6%8C%87%E6%95%B0%E3%81%8B%E3%82%89%E3%81%AE%E4%B9%96%E9%9B%A2%EF%BC%88%E3%81%8B%E3%81%84%E3%82%8A%EF%BC%89\"><\/span>\u6307\u6570\u304b\u3089\u306e\u4e56\u96e2\uff08\u304b\u3044\u308a\uff09<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u666e\u6bb5\u304b\u3089\u9591\u6563\u3068\u3057\u3066\u51fa\u6765\u9ad8\u3082\u5c11\u306a\u3044<span>ETF<\/span>\u306f\u3001\u5f80\u3005\u306b\u3057\u3066\u305d\u306e<span>ETF<\/span>\u304c\u306a\u305e\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u682a\u4fa1\u6307\u6570\u306a\u3069\u306e\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u304b\u3089\u306e<span>ETF<\/span>\u4fa1\u683c\u306e\u4e56\u96e2\uff08\u304b\u3044\u308a\uff09\u304c\u3001\u653e\u7f6e\u3055\u308c\u305f\u307e\u307e\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002<span>ETF<\/span>\u4fa1\u683c\u306e\u4e56\u96e2\u304c\u653e\u7f6e\u3055\u308c\u305f\u307e\u307e\u306e\u5834\u5408\u3001\u81ea\u5206\u304c\u30a4\u30e1\u30fc\u30b8\u3057\u305f\u682a\u4fa1\u6307\u6570\u306a\u3069\u306e\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306e\u52d5\u304d\u901a\u308a\u306e\u52d5\u304d\u3092<span>ETF<\/span>\u304c\u3057\u306a\u304f\u306a\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"f-marker-p\">\u4e56\u96e2\u304c\u653e\u7f6e\u3055\u308c\u308b\u3068<span>ETF<\/span>\u4fa1\u683c\u304c\u81ea\u5206\u306e\u30a4\u30e1\u30fc\u30b8\u901a\u308a\u306b\u52d5\u304b\u306a\u304f\u306a\u308b<\/span><\/p>\n<p>\u4e56\u96e2\u304c\u653e\u7f6e\u3055\u308c\u308b\u7406\u7531\u306f\u3001\u305d\u306e<span>ETF<\/span>\u306e\u51fa\u6765\u9ad8\u304c\u5c11\u306a\u304f\u3001\u30b5\u30e4\u53d6\u308a\u696d\u8005\u304c\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\u3092\u3057\u306b\u304f\u3044\u3053\u3068\u304b\u3089\u6765\u308b\u5834\u5408\u304c\u591a\u3044\u3067\u3059\u3002\u30b5\u30e4\u53d6\u308a\u696d\u8005\u304c<span>ETF<\/span>\u3092\u58f2\u8cb7\u3059\u308b\u3053\u3068\u3082<span>ETF<\/span>\u306e\u51fa\u6765\u9ad8\u306b\u30ab\u30a6\u30f3\u30c8\u3055\u308c\u308b\u308f\u3051\u3067\u3059\u304b\u3089\u3001\u30b5\u30e4\u53d6\u308a\u6d3b\u52d5\u304c\u4e0d\u6d3b\u767a\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u3055\u3089\u306b\u51fa\u6765\u9ad8\u304c\u4f4e\u8ff7\u3059\u308b\u539f\u56e0\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u300c\u8ca7\u3059\u308c\u3070\u920d\u3059\u308b\u300d\u3067\u30c0\u30e1\u306a<span>ETF<\/span>\u306f\u8ab0\u304b\u3089\u3082\u9867\u307f\u3089\u308c\u306a\u304f\u306a\u308b\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>\u306a\u304a\u4e56\u96e2\u306f\u3001<span>ETF<\/span>\u305d\u306e\u3082\u306e\u304c\u30dd\u30d4\u30e5\u30e9\u30fc\u304b\u3069\u3046\u304b\uff1f\u3000\u3068\u3044\u3046\u3053\u3068\u306b\u52a0\u3048\u3066\u3001\u305d\u306e\u682a\u4fa1\u6307\u6570\u3092\u69cb\u6210\u3059\u308b\u73fe\u7269\u682a\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u304c\u3001\u3069\u306e\u304f\u3089\u3044\u53d6\u5f15\u30b3\u30b9\u30c8\u304c\u4f4e\u3044\u304b\u306b\u3082\u5f71\u97ff\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u4e00\u4f8b\u3068\u3057\u3066\u65b0\u8208\u56fd\u682a\u5f0f\u306f\u7c73\u56fd\u682a\u3088\u308a\u3082\u53d6\u5f15\u30b3\u30b9\u30c8\u304c\u9ad8\u3044\u3067\u3059\u3002\u30b5\u30e4\u53d6\u308a\u3092\u3059\u308b\u969b\u3001\u305d\u306e\u9ad8\u3044\u53d6\u5f15\u30b3\u30b9\u30c8\u3092\u8003\u616e\u3057\u305f\u4e0a\u3067\u3001\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\u3092\u884c\u3046\u304b\u3069\u3046\u304b\u6c7a\u65ad\u3059\u308b\u308f\u3051\u3067\u3059\u3002\u3053\u306e\u305f\u3081\u65b0\u8208\u56fd\u682a\u5f0f\u306e<span>ETF<\/span>\u306f\u3001<span>S&amp;P500<\/span>\u3092\u306a\u305e\u308b<span>ETF<\/span>\u3088\u308a\u3082\u666e\u6bb5\u304b\u3089\u4e56\u96e2\u304c\u5927\u304d\u304f\u306a\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"ETF%E3%81%A8%E8%A6%8F%E5%88%B6\"><\/span>ETF\u3068\u898f\u5236<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ETF\u306b\u306f\u300c\u3069\u306e\u6cd5\u5f8b\u306b\u57fa\u3065\u3044\u3066\u8a2d\u7acb\u3055\u308c\u305f\u304b\uff1f\u300d\u306b\u3088\u3063\u3066\u3044\u308d\u3044\u308d\u7a2e\u985e\u304c\u3042\u308a\u307e\u3059\u3002\u73fe\u5728\u3001\u4e00\u756a\u591a\u3044\u306e\u306f\u300c<span>1940<\/span>\u5e74\u6295\u8cc7\u4f1a\u793e\u6cd5\u300d\u3068\u3044\u3046\u7c73\u56fd\u306e\u6cd5\u5f8b\u306b\u6e96\u62e0\u3057\u305f<span>ETF<\/span>\u3067\u3059\u3002\u3053\u306e\u300c<span>1940<\/span>\u5e74\u6295\u8cc7\u4f1a\u793e\u6cd5\u300d\u306f\u6295\u8cc7\u4fe1\u8a17\u3092\u898f\u5236\u3059\u308b\u305f\u3081\u306b\u5236\u5b9a\u3055\u308c\u305f\u6cd5\u5f8b\u3067\u3059\u3002\u6295\u8cc7\u5bb6\u4fdd\u8b77\u306e\u89b3\u70b9\u304b\u3089\u3001\u4e00\u756a\u53b3\u683c\u306a\u6cd5\u5f8b\u3060\u3068\u3044\u3046\u3053\u3068\u304c\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u6211\u3005\u304c\u666e\u6bb5\u3001<span>ETF<\/span>\u306e\u9298\u67c4\u540d\u3092\u898b\u308b\u969b\u3001\u5358\u306b\u300c\u25cb\u25cb<span>ETF<\/span>\u300d\u3068\u3044\u3046\u98a8\u306a\u547c\u79f0\u3067\u3042\u308c\u3070\u3001\u305d\u306e\u6b86\u3069\u304c\u300c<span>1940<\/span>\u5e74\u6295\u8cc7\u4f1a\u793e\u6cd5\u300d\u306b\u57fa\u3065\u3044\u305f<span>ETF<\/span>\u3068\u8003\u3048\u3066\u826f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u4ee5\u4e0a\u306e\u3001\u4f59\u8a08\u306a\u5fc3\u914d\u3092\u3059\u308b\u5fc5\u8981\u306f\u7121\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u300c<span>1940<\/span>\u5e74\u6295\u8cc7\u4f1a\u793e\u6cd5\u300d\u306b\u6e96\u62e0\u3057\u305f<span>ETF<\/span>\u306b\u306f\u3001\u30aa\u30fc\u30d7\u30f3\u30a8\u30f3\u30c9\u578b\u6295\u8cc7\u4f1a\u793e\u3068\u30e6\u30cb\u30c3\u30c8\u578b\u6295\u8cc7\u4fe1\u8a17\uff08<span>UIT<\/span>\uff09\u306e<span>2<\/span>\u7a2e\u985e\u304c\u3042\u308a\u307e\u3059\u3002\u5f8c\u8005\u306f<span>ETF<\/span>\u304c\u6700\u521d\u306b\u8003\u6848\u3055\u308c\u305f\u969b\u306b\u4f7f\u308f\u308c\u305f\u69cb\u9020\u3067\u3042\u308b\u3053\u3068\u306f\u4ee5\u524d\u306b\u8aac\u660e\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u6700\u3082\u6709\u540d\u306a\u4f8b\u306f<span>SPDR S&amp;P500TrustETF<\/span>\uff08<span>SPY<\/span>\uff09\u3067\u3059\u3002<\/p>\n<p>\u3053\u3053\u3067\u30ad\u30fc\u30ef\u30fc\u30c9\u306b\u306a\u308b\u306e\u306f\u30c8\u30e9\u30b9\u30c8\uff08<span>Trust<\/span>\uff09\u3068\u3044\u3046\u8868\u73fe\u3067\u3059\u3002\u3082\u3057\u7686\u3055\u3093\u304c\u3053\u308c\u304b\u3089\u30c8\u30ec\u30fc\u30c9\u3057\u3088\u3046\u3068\u601d\u3063\u3066\u3044\u308b<span>ETF<\/span>\u304c\u300c\u30c8\u30e9\u30b9\u30c8\u300d\u3068\u9298\u6253\u3063\u3066\u3042\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u305d\u308c\u306f\u305f\u3076\u3093\u30e6\u30cb\u30c3\u30c8\u578b\u6295\u8cc7\u4fe1\u8a17\uff08<span>UIT<\/span>\uff09\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u30c8\u30e9\u30b9\u30c8\u306e\u5834\u5408\u3001\u5fae\u5999\u306a\u9055\u3044\u304c\u3042\u308b\u306e\u3067\u3059\u3051\u308c\u3069\u3001\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u3092\u3059\u308b\u306b\u3042\u305f\u3063\u3066\u306f\u305d\u306e\u5dee\u7570\u306f\u6b86\u3069\u6c17\u306b\u306a\u3089\u306a\u3044\u306e\u3067\u3001\u3042\u307e\u308a\u6c17\u306b\u639b\u3051\u308b\u5fc5\u8981\u306f\u7121\u3044\u3067\u3057\u3087\u3046\u3002\u73fe\u5728\u306f<span>UIT<\/span>\u3067\u306f\u306a\u304f\u3001\u30aa\u30fc\u30d7\u30f3\u30a8\u30f3\u30c9\u578b\u6295\u8cc7\u4f1a\u793e\u304c\u4e3b\u6d41\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u5b9f\u969b\u3001\u73fe\u5728\u3042\u308b<span>ETF<\/span>\u306e\u3001\u5b9f\u306b<span>96<\/span>\uff05\u306f\u30aa\u30fc\u30d7\u30f3\u30a8\u30f3\u30c9\u578b\u6295\u8cc7\u4f1a\u793e\u306e\u5f62\u614b\u3092\u63a1\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3055\u3066\u4e0a\u306b\u7d39\u4ecb\u3057\u305f\u306e\u3068\u306f\u5225\u306b\u3001\u300c<span>1933<\/span>\u5e74\u8a3c\u5238\u6cd5\u300d\u306b\u6e96\u62e0\u3057\u305f<span>ETF<\/span>\u3068\u3044\u3046\u306e\u304c\u3042\u308a\u307e\u3059\u3002\u300c<span>1933<\/span>\u5e74\u8a3c\u5238\u6cd5\u300d\u306f\u4e0a\u8a18\u306e\u300c<span>1940<\/span>\u5e74\u6295\u8cc7\u4f1a\u793e\u6cd5\u300d\u3088\u308a\u30cf\u30fc\u30c9\u30eb\u304c\u4f4e\u3044\u3067\u3059\u3002\u300c<span>1933<\/span>\u5e74\u8a3c\u5238\u6cd5\u300d\u306b\u6e96\u62e0\u3057\u305f<span>ETF<\/span>\u306e\u4e2d\u306b\u306f\u3001\u307f\u306a\u3057\u81ea\u76ca\u4fe1\u8a17\uff08\u30b0\u30e9\u30f3\u30bf\u30fc\u30fb\u30c8\u30e9\u30b9\u30c8\uff09\u3084<span>ETN<\/span>\uff08\u30a8\u30af\u30b9\u30c1\u30a7\u30f3\u30b8\u30fb\u30c8\u30ec\u30fc\u30c7\u30c3\u30c9\u30fb\u30ce\u30fc\u30c4\uff09\u306a\u3069\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u307f\u306a\u3057\u81ea\u76ca\u4fe1\u8a17\u3068\u3044\u3046\u306e\u306f\u3001\u3084\u3084\u3053\u3057\u3044\u8a00\u8449\u3067\u3059\u304c\u3001<span>SPDR Gold Trust<\/span>\uff08<span>GLD<\/span>\uff09\u306e\u3088\u3046\u306b\u3001\u4e2d\u8eab\u304c\u30b4\u30fc\u30eb\u30c9\u3060\u3051\u2026\u2026\u3068\u3044\u3063\u305f\u3088\u3046\u306a\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3<span>ETF<\/span>\u306b\u4f7f\u308f\u308c\u308b\u30b9\u30ad\u30fc\u30e0\u3060\u3068\u601d\u3063\u3066\u304f\u3060\u3055\u3044\u3002\u3053\u308c\u306f<span>S&amp;P500<\/span>\u306e\u3088\u3046\u306b\u591a\u6570\u306e\u9298\u67c4\u3092\u4fdd\u6709\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u30b4\u30fc\u30eb\u30c9\u3068\u3044\u3046\u4e00\u3064\u306e\u539f\u8cc7\u7523\u3060\u3051\u304c\u4e2d\u8eab\u306b\u306a\u3063\u3066\u3044\u308b\u95a2\u4fc2\u3067\u3001\u30aa\u30fc\u30d7\u30f3\u30a8\u30f3\u30c9\u578b\u6295\u8cc7\u4f1a\u793e\u306e\u5b9a\u7fa9\u306b\u3042\u3066\u306f\u307e\u308a\u306b\u304f\u3044\u3053\u3068\u304b\u3089\u3001\u3053\u3061\u3089\u306e\u6cd5\u5f8b\u3092\u4f7f\u3063\u3066\u3044\u308b\u3060\u3051\u306e\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u30b4\u30fc\u30eb\u30c9\u306b\u4ee3\u8868\u3055\u308c\u308b\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3<span>ETF<\/span>\u306f\u30b0\u30e9\u30f3\u30bf\u30fc\u30fb\u30c8\u30e9\u30b9\u30c8\u3068\u547c\u3070\u308c\u308b\u4ed5\u7d44\u307f\u306b\u4f9d\u62e0\u3057\u3066\u3044\u308b<\/p>\n<p>\u540c\u69d8\u306b<span>ETN<\/span>\u306f\u4f55\u3089\u304b\u306e\u7406\u7531\u3067\u539f\u8cc7\u7523\u3092\u7c21\u5358\u306b\u4fdd\u6709\u3057\u306b\u304f\u3044\u6295\u8cc7\u5bfe\u8c61\u306e\u5834\u5408\u3001\u6295\u8cc7\u9280\u884c\u306a\u3069\u306e\u4ef2\u4ecb\u8005\u304c\u9593\u306b\u5165\u308a\u3001\u30b9\u30ef\u30c3\u30d7\u5951\u7d04\u306a\u3069\u306b\u3088\u308a\u305d\u306e\u6295\u8cc7\u5bfe\u8c61\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u306a\u305e\u308b\u3088\u3046\u306a\u53d6\u6c7a\u3081\u3092\u3059\u308b\u5834\u5408\u306b\u4f7f\u308f\u308c\u308b\u30b9\u30ad\u30fc\u30e0\u3067\u3059\u3002\u9298\u67c4\u540d\u304c\u300c\u25cb\u25cb<span>ETF<\/span>\u300d\u3067\u306f\u306a\u304f\u3001\u300c\u25cb\u25cb<span>ETN<\/span>\u300d\u3068\u306a\u3063\u3066\u3044\u308b\u5834\u5408\u306f\u3001\u5c11\u3057\u6c17\u3092\u3064\u3051\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u306a\u305c\u306a\u3089\u305d\u306e<span>ETN<\/span>\u304c\u4fdd\u6709\u3057\u3066\u3044\u308b\u306e\u306f\u73fe\u7269\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u3067\u306f\u306a\u304f\u3001\u30b9\u30ef\u30c3\u30d7\u5951\u7d04\u306e\u300c\u7d19\u5207\u308c\u300d\u3060\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u597d\u4f8b\u304c\u30d0\u30fc\u30af\u30ec\u30a4\u30ba\u30fb\u30a2\u30a4\u30d1\u30b9<span>MSCI<\/span>\u30a4\u30f3\u30c9\u30fb\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u30a4\u30f3\u30c7\u30c3\u30af\u30b9<span>ETN<\/span>\uff08<span>INP<\/span>\uff09\u3067\u3059\u3002\u30a4\u30f3\u30c9\u306f\u4e00\u822c\u5916\u56fd\u4eba\u6295\u8cc7\u5bb6\u304c\u500b\u5225\u4f01\u696d\u306e\u682a\u3092\u8cb7\u3046\u969b\u306b\u306f\u898f\u5236\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3053\u3067\u4e0a\u8a18\u306e\u3088\u3046\u306a\u30b9\u30ef\u30c3\u30d7\u5951\u7d04\u3067\u4ee3\u7528\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u3059\u3002\u3053\u306e\u5834\u5408\u3001\u5951\u7d04\u306e\u5f53\u4e8b\u8005\u3068\u306a\u308b\u91d1\u878d\u6a5f\u95a2\u304c\u3001\u3082\u3057\u5012\u7523\u3057\u305f\u5834\u5408\u3001\u305d\u306e\u30b9\u30ef\u30c3\u30d7\u5951\u7d04\u304c\u5c65\u884c\u3055\u308c\u306a\u3044\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u904e\u53bb<span>10<\/span>\u5e74\u9593\u3067\u306e<span>ETN<\/span>\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u7387\u306f<span>0.1<\/span>\uff05\u4ee5\u4e0b\u3067\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306b\u30ab\u30a6\u30f3\u30bf\u30fc\u30fb\u30d1\u30fc\u30c6\u30a3\u30fc\uff08\u76f8\u624b\u5148\uff09\u304c\u30c7\u30d5\u30a9\u30eb\u30c8\u3059\u308b\u30ea\u30b9\u30af\u306f\u3001\u6b86\u3069\u7121\u8996\u3067\u304d\u308b\u307b\u3069\u4f4e\u3044\u306e\u3067\u3059\u304c\u3001\u300c\u30bc\u30ed\u3067\u306f\u7121\u3044\u3067\u3059\u300d\u3068\u3044\u3046\u3053\u3068\u3092\u65ad\u3063\u3066\u304a\u304d\u307e\u3059\u3002<span 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