{"id":2995,"date":"2017-05-17T06:01:33","date_gmt":"2017-05-16T21:01:33","guid":{"rendered":"http:\/\/finance-gfp.com\/?p=2995"},"modified":"2025-07-16T08:55:58","modified_gmt":"2025-07-15T23:55:58","slug":"i%e3%82%b7%e3%82%a7%e3%82%a2%e3%83%bc%e3%82%ba-%e7%b1%b3%e5%9b%bd%e5%84%aa%e5%85%88%e6%a0%aa%e5%bc%8fetf%ef%bc%88pff%e3%80%90etf%e3%80%91","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=2995","title":{"rendered":"\u7c73\u56fd\u512a\u5148\u682a\u5f0f\u306e\u30dd\u30a4\u30f3\u30c8\u3010\u512a\u5148\u682a\u5f0f \uff06 \u30a4\u30f3\u30ab\u30e0\u8a3c\u5238 ETF\uff08PFF\uff09\u3092\u4f8b\u306b\u89e3\u8aac\u3011"},"content":{"rendered":"<p><span class=\"ymarker-s\">\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u306f\u300ci\u30b7\u30a7\u30a2\u30fc\u30ba \u512a\u5148\u682a\u5f0f \uff06 \u30a4\u30f3\u30ab\u30e0\u8a3c\u5238 ETF\uff08PFF\uff09\u300d\u3092\u4f8b\u306b\u300c\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u300d\u306e\u30dd\u30a4\u30f3\u30c8\u3084\u30ea\u30b9\u30af\u3092\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u7c73\u56fd\u306e\u91d1\u878d\u6a5f\u95a2\u304c\u767a\u884c\u3059\u308b\u300c\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u300d\u306f\u6b27\u5dde\u306e\u300cCoCo\u50b5\u300d\u3068\u540c\u3058\u304f\u3001\u81ea\u5df1\u8cc7\u672c\u306e\u300c\u305d\u306e\u4ed6Tier1\uff08AT1\uff09\u300d\u306b\u30ab\u30a6\u30f3\u30c8\u3055\u308c\u308b\u8a3c\u5238\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>CoCo\u50b5\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=229\" target=\"_blank\" rel=\"noopener noreferrer\">\u30cb\u30c3\u30bb\u30a4\u4e16\u754c\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8a3c\u5238\u6226\u7565\u30d5\u30a1\u30f3\u30c9\uff08\u30a2\u30c9\u30d0\u30f3\u30b9\u30c9\u30fb\u30a4\u30f3\u30ab\u30e0\uff09\/ CoCo\u50b5\u306e\u5206\u304b\u308a\u3084\u3059\u3044\u8aac\u660e<\/a><\/li>\n<\/ul>\n<p>\u305f\u3060\u3057\u3001CoCo\u50b5\u306f\u3042\u308b\u7a0b\u5ea6\u3001\u5546\u54c1\u6027\u304c\u7d71\u4e00\u3055\u308c\u3066\u3044\u308b\u306e\u306b\u5bfe\u3057\u3066\u300c\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u300d\u306f\u9298\u67c4\u3054\u3068\u306b\u69d8\u3005\u306a\u6027\u683c\u306e\u8a3c\u5238\u304c\u5b58\u5728\u3057\u3066\u304a\u308a\u3001\u7406\u89e3\u304c\u96e3\u3057\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u30dd\u30a4\u30f3\u30c8\u3092\u307e\u3068\u3081\u308b\u3068\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<ul>\n<li><span class=\"rmarker-s\">\u91d1\u878d\u6a5f\u95a2\u306e\u30d0\u30fc\u30bc\u30eb\u2162\u306b\u5bfe\u5fdc\u3059\u308bAT1\uff08\u666e\u901a\u682a\u5f0f\u7b49Teir1\uff09\u306b\u3064\u3044\u3066\u3001\u6b27\u5dde\u30fb\u65e5\u672c\u306fCoCo\u50b5\u3001\u7c73\u56fd\u306f\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u3092\u63a1\u7528<\/span><\/li>\n<li><span class=\"rmarker-s\">\u50b5\u5238\u3068\u682a\u5f0f\u306e\u4e2d\u9593\u306e\u6027\u683c\u3067\u9ad8\u5229\u56de\u308a<\/span><\/li>\n<li><span class=\"rmarker-s\">\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306f\u69d8\u3005\u306a\u30d1\u30bf\u30fc\u30f3\u306e\u5546\u54c1\u6027\u304c\u5b58\u5728\u3059\u308b<\/span><\/li>\n<li><span class=\"rmarker-s\">\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af\u30fb\u4fe1\u7528\u30ea\u30b9\u30af\u306b\u6ce8\u610f<\/span><\/li>\n<li><span class=\"rmarker-s\">ETF\u306e\u5206\u914d\u91d1\u5229\u56de\u308a\u306f\u76f4\u63a5\u5229\u56de\u308a\u306b\u8fd1\u304f\u3001\u6700\u7d42\u5229\u56de\u308a\u3067\u306f\u306a\u3044\u306e\u3067\u6ce8\u610f<\/span><\/li>\n<\/ul>\n<p>\u8a73\u7d30\u306f\u4e0b\u8a18\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n<!-- WP QUADS v. 3.0.4  Shortcode Ad -->\n<div class=\"quads-location quads-ad\" id=\"quads-ad\" style=\"float:none;margin:0px 0 0px 0;text-align:center;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- \u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30b9\u30bf\u30fc\uff08\u8a18\u4e8b\u4e0a\u30ec\u30b9\u30dd\u30f3\u30b7\u30d6\uff09 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5603670596158988\"\r\n     data-ad-slot=\"4486034607\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n\n<p>\u307e\u305a\u6700\u521d\u306bi\u30b7\u30a7\u30a2\u30fc\u30ba \u512a\u5148\u682a\u5f0f \uff06 \u30a4\u30f3\u30ab\u30e0\u8a3c\u5238 ETF\uff08PFF\uff09\u306e\u5546\u54c1\u6982\u8981\u304b\u3089\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<h2>i\u30b7\u30a7\u30a2\u30fc\u30ba \u512a\u5148\u682a\u5f0f \uff06 \u30a4\u30f3\u30ab\u30e0\u8a3c\u5238 ETF\uff08PFF\uff09\u306e\u5546\u54c1\u6982\u8981<\/h2>\n<h3>\u904b\u7528\u4f1a\u793e<\/h3>\n<ul>\n<li>\u30d6\u30e9\u30c3\u30af\u30ed\u30c3\u30af<\/li>\n<\/ul>\n<h3>\u6295\u8cc7\u5bfe\u8c61<\/h3>\n<ul>\n<li>\u7c73\u56fd\u512a\u5148\u682a\u5f0f\u30fb\u512a\u5148\u8a3c\u5238\uff08\u30d9\u30f3\u30c1\u30de\u30fc\u30af\uff1aICE \u4e0a\u5834\u512a\u5148\u682a\u5f0f \uff06 \u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8a3c\u5238 \u30a4\u30f3\u30c7\u30c3\u30af\u30b9\uff09<\/li>\n<\/ul>\n<h3>\u4fe1\u8a17\u5831\u916c<\/h3>\n<ul>\n<li>0.47%<\/li>\n<\/ul>\n<h2>\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u826f\u3044\u70b9\u30fb\u30e1\u30ea\u30c3\u30c8<\/h2>\n<h3>\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u7279\u5fb4<\/h3>\n<ul>\n<li><span class=\"ymarker-s\">\u91d1\u878d\u6a5f\u95a2\u306eAT1\u8a3c\u5238\u306f\u6b27\u5dde\u30fb\u65e5\u672c\u306fCoCo\u50b5\u3092\u63a1\u7528\u3001\u7c73\u56fd\u306f\u512a\u5148\u682a\u30fb\u512a\u5148\u8a3c\u5238\u3092\u63a1\u7528\u3057\u3066\u3044\u308b<\/span><\/li>\n<li>\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u767a\u884c\u4f53\u306f\u91d1\u878d\u6a5f\u95a2\u304c\u591a\u3044\u304c\u3001\u4e00\u822c\u306e\u4f01\u696d\u3082\u304b\u306a\u308a\u767a\u884c\u3057\u3066\u3044\u308b<\/li>\n<li>\u682a\u5f0f\u3068\u50b5\u5238\u306e\u4e2d\u9593\u306b\u4f4d\u7f6e<\/li>\n<li>\u767a\u884c\u4f53\u304c\u7834\u7dbb\u3057\u305f\u969b\u306e\u5f01\u6e08\u9806\u4f4d\u306f\u50b5\u5238\u3088\u308a\u52a3\u5f8c\u3059\u308b\u304c\u3001\u305d\u306e\u5206\u5229\u56de\u308a\u304c\u9ad8\u3044<\/li>\n<li>\u8b70\u6c7a\u6a29\u3092\u6301\u305f\u306a\u3044\u304c\u3001\u305d\u306e\u5206\u666e\u901a\u682a\u5f0f\u3088\u308a\u5f01\u6e08\u9806\u4f4d\u304c\u4e0a\u4f4d\u306b\u306a\u308b<\/li>\n<li><span class=\"ymarker-s\">\u511f\u9084\u307e\u3067\u306e\u671f\u9593\u304c\u9577\u671f\u3067\u3042\u308b\u3053\u3068\u3084\u3001\u5229\u606f\u30fb\u914d\u5f53\u306e\u652f\u6255\u3044\u304c\u7e70\u308a\u5ef6\u3079\u3089\u308c\u308b\u3053\u3068\u306a\u3069\u304b\u3089\u3001\u683c\u4ed8\u4f1a\u793e\u304b\u3089\u306f\u3088\u308a\u8cc7\u672c\u30fb\u682a\u5f0f\u306b\u8fd1\u3044\u3068\u8a8d\u8b58\uff08\u683c\u4ed8\u3051\u306e\u4e0a\u6607\u8981\u56e0\u3068\u8a8d\u8b58\uff09\u3055\u308c\u308b\u305f\u3081\u3001\u793e\u50b5\u3088\u308a\u9ad8\u3044\u5229\u56de\u308a\u3067\u3082\u767a\u884c\u3059\u308b\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u3042\u308b<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4162\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/05\/pff_shikumi.png\" alt=\"\u512a\u5148\u682a\u5f0f\u30a4\u30e1\u30fc\u30b8\u56f3\" width=\"372\" height=\"382\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/05\/pff_shikumi.png 372w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/05\/pff_shikumi-292x300.png 292w\" sizes=\"auto, (max-width: 372px) 100vw, 372px\" \/><\/p>\n<h3>\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u9298\u67c4\u4f8b\uff08\u30a6\u30a7\u30eb\u30ba\u30d5\u30a1\u30fc\u30b4\u3001\u30ad\u30f3\u30c0\u30fc\u30e2\u30eb\u30ac\u30f3\uff09<\/h3>\n<p><span class=\"ymarker-s\">\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306f\u3044\u304f\u3064\u304b\u306e\u30d1\u30bf\u30fc\u30f3\u304c\u5b58\u5728\u3059\u308b\u3002<\/span><\/p>\n<p>\u4e0b\u8a18\u3067\u53d6\u308a\u4e0a\u3052\u3066\u3044\u308b2\u3064\u306e\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u30d1\u30bf\u30fc\u30f3\u306f\u3053\u3061\u3089\u3002<\/p>\n<ul>\n<li>\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\uff1a\u6642\u4fa1\u7dcf\u984d\u304c\u7d04100\u5146\u5186\uff081\u30c9\u30eb=110\u5186\u63db\u7b97\uff09\u3092\u8d85\u3048\u306a\u3044\u3068\u8cb7\u623b\u3057\u30fb\u5f37\u5236\u8ee2\u63db\u3067\u304d\u306a\u3044\u4ed5\u7d44\u307f<\/li>\n<li>\u30ad\u30f3\u30c0\u30fc\u30fb\u30e2\u30eb\u30ac\u30f3\uff1a\u666e\u901a\u682a\u304c\u4e0b\u843d\u3059\u308b\u3068\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u3082\u4e0b\u843d\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u4ed5\u7d44\u307f<\/li>\n<\/ul>\n<h4>\u30a6\u30a7\u30eb\u30ba\uff65\u30d5\u30a1\u30fc\u30b4\u512a\u5148\u682a\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u6982\u8981<\/h4>\n<ul>\n<li>\u767a\u884c\u65e5\uff1a2008\/4\/14<\/li>\n<li>\u30af\u30fc\u30dd\u30f3\uff1a7.5%<\/li>\n<li>\u767a\u884c\u4fa1\u683c\uff08\u984d\u9762\uff09\uff1a1.000\u30c9\u30eb<\/li>\n<li>\u671f\u9593\uff1a\u6c38\u4e45\u50b5\uff082013\/3\/15\u4ee5\u964d\u3001\u767a\u884c\u4f53\u304c\u984d\u9762\u3067\u306e\u8cb7\u623b\u3057\u307e\u305f\u306f\u5f37\u5236\u8ee2\u63db\u3067\u304d\u308b\u3002\u305f\u3060\u3057\u682a\u4fa1\u304c\u30c8\u30ea\u30ac\u30fc\u4fa1\u683c\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u5fc5\u8981\u304c\u3042\u308b\uff61\uff09<\/li>\n<li>\u8ee2\u63db\u4fa1\u683c\uff1a156.7054\u30c9\u30eb<\/li>\n<li>\u8ee2\u63db\u682a\u6570\uff1a6.3814\u682a<\/li>\n<li>\u30c8\u30ea\u30ac\u30fc\u4fa1\u683c\uff1a\u8ee2\u63db\u4fa1\u683c\u306e130% \uff08203.72\u30c9\u30eb\uff09<\/li>\n<li>2017\/10\/17\u73fe\u5728\u306e\u682a\u4fa1\uff1a53.8\u30c9\u30eb<\/li>\n<li>2017\/10\/17\u73fe\u5728\u306e\u683c\u4ed8\u3051\uff1a\u30e0\u30fc\u30c7\u30a3\u30fc\u30ba Baa2\u3001 S&amp;P BBB<\/li>\n<li>2017\/10\/17\u73fe\u5728\u306e\u512a\u5148\u682a\u306e\u6642\u4fa1\uff1a1310\u30c9\u30eb<\/li>\n<\/ul>\n<p>\u5f53\u8a72\u8a3c\u5238\u306f\u767a\u884c\u4f53\u304c\u8cb7\u623b\u3057\u307e\u305f\u306f\u5f37\u5236\u8ee2\u63db\u3067\u304d\u308b\u30bd\u30d5\u30c8\u30b3\u30fc\u30eb\u304c\u4ed8\u4e0e\u3055\u308c\u3066\u3044\u308b\u304c\u3001\u30c8\u30ea\u30ac\u30fc\u4fa1\u683c\u3092\u4e0a\u56de\u308b\u306b\u306f\u682a\u4fa1\u304c\u7d044\u500d\u306b\u306a\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<p>\u6642\u4fa1\u7dcf\u984d\u304c100\u5146\u5186\uff081\u30c9\u30eb= 110\u5186\u63db\u7b97\uff09\u4ee5\u4e0a\u3068\u306a\u308b\u3053\u3068\u304c\u5fc5\u8981\u306b\u306a\u308b\u305f\u3081\u73fe\u5b9f\u7684\u3067\u306f\u306a\u3044\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u3088\u307b\u3069\u306e\u3053\u3068\u304c\u306a\u3044\u9650\u308a\u511f\u9084\u3055\u308c\u306a\u3044\u6c38\u4e45\u50b5\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<h4>\u30ad\u30f3\u30c0\u30fc\u30fb\u30e2\u30eb\u30ac\u30f3\u512a\u5148\u682a\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u6982\u8981<\/h4>\n<ul>\n<li>\u767a\u884c\u65e5\uff1a2015\/10\/27<\/li>\n<li>\u30af\u30fc\u30dd\u30f3\uff1a9.75%<\/li>\n<li>\u767a\u884c\u4fa1\u683c\uff08\u984d\u9762\uff09\uff1a50\u30c9\u30eb<\/li>\n<li>\u671f\u9593\uff1a2018\/10\/26\u511f\u9084<\/li>\n<li>\u8ee2\u63db\u4fa1\u683c\uff1a32.3834\u30c9\u30eb<\/li>\n<li>\u8ee2\u63db\u682a\u6570\uff1a1.544<\/li>\n<li>2017\/10\/17\u73fe\u5728\u306e\u682a\u4fa1\uff1a18.81\u30c9\u30eb<\/li>\n<li>2017\/10\/17\u73fe\u5728\u306e\u683c\u4ed8\u3051\uff1a\u306a\u3057<\/li>\n<li>2017\/10\/17\u73fe\u5728\u306e\u512a\u5148\u682a\u306e\u6642\u4fa1\uff1a39.92\u30c9\u30eb<\/li>\n<\/ul>\n<p><span class=\"ymarker-s\">\u3053\u3061\u3089\u306f\u666e\u901a\u682a\u306e\u682a\u4fa1\u304c\u5909\u52d5\u3059\u308b\u3068\u512a\u5148\u682a\u306e\u4fa1\u683c\u3082\u5f71\u97ff\u3092\u53d7\u3051\u308b\u30bf\u30a4\u30d7\u3002<\/span><\/p>\n<p>\u511f\u9084\u6642\u306b\u666e\u901a\u682a\u304c\u8ee2\u63db\u4fa1\u683c\u3092\u4e0b\u56de\u3063\u3066\u3044\u308b\u5834\u5408\u306f\u5143\u672c\u5272\u308c\u3068\u306a\u308b\u3002<br \/>\n\uff08CB\u306e\u69d8\u306b\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u5834\u5408\u306b\u984d\u9762\u3067\u511f\u9084\u3055\u308c\u308b\u308f\u3051\u3067\u306f\u306a\u3044\uff09<\/p>\n<p>\u9006\u306b\u682a\u4fa1\u304c\u4e0a\u6607\u3057\u305f\u5834\u5408\u306f\u540c\u69d8\u306b\u4e0a\u6607\u3059\u308b\u3002<\/p>\n<p>\u3088\u3063\u3066\u3001\u30a4\u30e1\u30fc\u30b8\u3068\u3057\u3066\u306f\u914d\u5f53\u304c\u9ad8\u304f\u56fa\u5b9a\u3055\u308c\u3066\u3044\u308b\u5206\u3001\u4fa1\u683c\u306f\u666e\u901a\u682a\u3088\u308a\u30de\u30a4\u30eb\u30c9\u306a\u52d5\u304d\u3068\u306a\u308b\u304c\u3001\u6982\u306d\u666e\u901a\u682a\u306b\u8fd1\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3068\u306a\u308b\u3002<\/p>\n<h2>\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08\u512a\u5148\u8a3c\u5238\uff09\u306e\u60aa\u3044\u70b9\uff08\u30ea\u30b9\u30af\uff09<\/h2>\n<h3>\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af<\/h3>\n<ul>\n<li><span style=\"color: #333333;\">\u00a0\u591a\u304f\u306e\u30b1\u30fc\u30b9\u3067\u3001\u767a\u884c\u4f53\u306b\u3088\u308b\u30b3\u30fc\u30eb\uff08\u65e9\u671f\u511f\u9084\uff09\u6761\u9805\u304c\u4ed8\u3055\u308c\u3066\u3044\u308b\u304c\u3001\u57fa\u672c\u306f\u6c38\u4e45\u50b5\u3067\u3042\u308a\u3001\u304b\u3064\u56fa\u5b9a\u30af\u30fc\u30dd\u30f3\u306e\u512a\u5148\u682a\uff08\u512a\u5148\u8a3c\u5238\uff09\u304c\u591a\u304f\u3092\u5360\u3081\u308b\u305f\u3081\u3001\u91d1\u5229\u4e0a\u6607\u6642\u306b\u306f\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b<\/span><\/li>\n<li><span style=\"color: #333333;\">2013\u5e74\u306e\u30d0\u30fc\u30ca\u30f3\u30ad\u30b7\u30e7\u30c4\u30af\u306e\u969b\u306f\u7c73\u56fd10\u5e74\u50b5\u304c1.6%\u304b\u30893.0%\u307e\u3067\u4e0a\u6607\u3057\u305f\u5c40\u9762\u3067\u3001i\u30b7\u30a7\u30a2\u30fc\u30ba\u7c73\u56fd\u512a\u5148\u682a\u5f0fETF\uff08PFF\uff09\u306f\u6700\u59278.5%\u7a0b\u5ea6\u4e0b\u843d\u3057\u305f<\/span><\/li>\n<li><span style=\"color: #333333;\">2016\u5e74\u306e\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u5c31\u4efb\u524d\u5f8c\u3067\u7c73\u56fd10\u5e74\u50b5\u304c1.4%\u304b\u30892.6%\u307e\u3067\u4e0a\u6607\u3057\u305f\u5c40\u9762\uff082016\u5e747\u6708\uff5e20116\u5e7411\u6708\uff09\u3067\u3001i\u30b7\u30a7\u30a2\u30fc\u30ba\u7c73\u56fd\u512a\u5148\u682a\u5f0fETF\uff08PFF\uff09\u306f\u6700\u59277\uff05\u7a0b\u5ea6\u4e0b\u843d\u3057\u305f<\/span><\/li>\n<\/ul>\n<h3>\u4fe1\u7528\u30ea\u30b9\u30af\u304c\u60aa\u5316\u3057\u305f\u5834\u5408\u306f\u4e0b\u843d\u7387\u304c\u5927\u304d\u304f\u306a\u308b\u50be\u5411<\/h3>\n<ul>\n<li>\u69cb\u6210\u9298\u67c4\u306e\u591a\u304f\u304c\u91d1\u878d\u95a2\u9023\u3067\u3042\u308b\u305f\u3081\u3001\u91d1\u878d\u4e0d\u5b89\uff65\u91d1\u878d\u5371\u6a5f\u304c\u767a\u751f\u3059\u308b\u3068\u4e0b\u843d\u8981\u56e0\u3068\u306a\u308b<\/li>\n<li>2008\u5e74\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u969b\u306f\u6700\u592765\uff05\u8fd1\u304f\u4e0b\u843d\u3057\u305f<\/li>\n<li>2011\u5e74\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\u306e\u969b\u306f\u6700\u592715\uff05\u8fd1\u304f\u4e0b\u843d\u3057\u305f<\/li>\n<li>\u7279\u306b\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\uff08\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30b7\u30e7\u30c3\u30af\uff09\u306f\u5178\u578b\u7684\u306a\u91d1\u878d\u4e0d\u5b89\u3067\u3042\u3063\u305f\u3053\u3068\u304b\u3089\u3001\u91d1\u878d\u6a5f\u95a2\u306e\u767a\u884c\u4f53\u304c\u591a\u3044\u7c73\u56fd\u512a\u5148\u682a\u5f0f\u306f\u7c73\u56fd\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u3088\u308a\u3082\u5927\u304d\u306a\u4e0b\u843d\u7387\u3068\u306a\u3063\u305f<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4165\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/05\/pff_chart.png\" alt=\"PFF\u3000HYG\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\" width=\"605\" height=\"410\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/05\/pff_chart.png 605w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/05\/pff_chart-300x203.png 300w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/li>\n<\/ul>\n<h3>ETF\u306e\u5206\u914d\u91d1\u5229\u56de\u308a\u306f\u6700\u7d42\u5229\u56de\u308a\u3067\u306f\u306a\u3044\u305f\u3081\u6ce8\u610f\u304c\u5fc5\u8981<\/h3>\n<ul>\n<li><span class=\"ymarker-s\">\u5206\u914d\u91d1\u5229\u56de\u308a\u306f\u6700\u7d42\u5229\u56de\u308a\u3067\u306a\u304f\u3001\u76f4\u63a5\u5229\u56de\u308a\u3068\u540c\u3058\u30a4\u30e1\u30fc\u30b8\u306b\u306a\u308b\u306e\u3067\u6ce8\u610f\u304c\u5fc5\u8981\uff08\u53b3\u5bc6\u306b\u306f\u6700\u7d42\u5229\u56de\u308a\u3068\u76f4\u63a5\u5229\u56de\u308a\u306e\u4e2d\u9593\u3068\u3044\u3063\u305f\u30a4\u30e1\u30fc\u30b8\uff09<\/span><\/li>\n<li>\u4e0a\u8a18\u306eHSBC\u306e\u6761\u4ef6\u3092\u5206\u304b\u308a\u3084\u3059\u304f\u8aac\u660e\u3059\u308b\u3068\u30af\u30fc\u30dd\u30f38\uff05\u3001\u984d\u9762100\u306b\u5bfe\u3057\u50b5\u5238\u4fa1\u683c\u304c108\u306a\u306e\u3067\u76f4\u63a5\u5229\u56de\u308a\u306f7\/126\uff1d\u7d047.4%\u3068\u306a\u308b\u3002<\/li>\n<li>\u305f\u3060\u3057\u3001\u3044\u3064\u511f\u9084\u3055\u308c\u308b\u304b\u5206\u304b\u3089\u306a\u3044\u304c\u3001\u511f\u9084\u306f\u984d\u9762100\u3068\u306a\u308b\u3002<\/li>\n<li>\u4eee\u306b2\u5e74\u5f8c\u306b\u511f\u9084\u3055\u308c\u305f\u3068\u3059\u308b\u3068\u5e74\u73878\uff05\u306e\u30af\u30fc\u30dd\u30f3\u306f\u5909\u308f\u3089\u306a\u3044\u304c\u3001\u30aa\u30fc\u30d0\u30fc\u30d1\u30fc\u306e8\uff05\u304c\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u3068\u306a1\u5e74\u5f53\u305f\u308a\u306e\u30de\u30a4\u30ca\u30b9\u306f4\uff05\u3067\u3001\u6700\u7d42\u5229\u56de\u308a\u306f\u7d044.0%\u3068\u306a\u308b\uff61<\/li>\n<li>\u307e\u305f1\u5e74\u5f8c\u306b\u511f\u9084\u3057\u305f\u5834\u5408\u306f\u30af\u30fc\u30dd\u30f38\uff05\u3068\u50b5\u5238\u4fa1\u683c\u306e\u30de\u30a4\u30ca\u30b98\uff05\u304c\u540c\u3058\u3068\u306a\u308a\u3001\u30d7\u30e9\u30b9\u30de\u30a4\u30ca\u30b9\u30bc\u30ed\u3068\u306a\u308b\u3002<\/li>\n<li>\u3053\u306e\u3088\u3046\u306b\u30aa\u30fc\u30d0\u30fc\u30d1\u30fc\u306e\u50b5\u5238\u306b\u6295\u8cc7\u3057\u3066\u3044\u308bETF\u306e\u5229\u56de\u308a\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3010\u8a73\u7d30\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=4655\" target=\"_blank\" rel=\"noopener noreferrer\">\u5229\u56de\u308a\u306e\u7a2e\u985e\uff08\u76f4\u63a5\u5229\u56de\u308a\u306b\u306f\u6ce8\u610f\u3001\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u306f\u6700\u7d42\u5229\u56de\u308a\u3067\u78ba\u8a8d\u3059\u3079\u304d\uff09<\/a>\u3011<\/li>\n<li>ETF\u306b\u3064\u3044\u3066\u306e\u8a73\u3057\u3044\u5185\u5bb9\u306f\u3053\u3061\u3089\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=4434\" target=\"_blank\" rel=\"noopener noreferrer\">ETF\u306e\u77e5\u3063\u3066\u305d\u3046\u3067\u610f\u5916\u3068\u77e5\u3089\u306a\u3044\u4ed5\u7d44\u307f\u30fb\u6ce8\u610f\u70b9\u3092\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac<\/a><\/li>\n<\/ul>\n<h2>\u6295\u8cc7\u5bfe\u8c61\u304c\u540c\u3058\u6295\u4fe1\u30fbETF\uff08\u985e\u4f3c\u30d5\u30a1\u30f3\u30c9\uff09<\/h2>\n<ul>\n<li>PowerShares Preferred Portfolio \uff08PGX\uff09\uff1a\u30a4\u30f3\u30d9\u30b9\u30b3\u304c\u904b\u7528\u3059\u308bETF<\/li>\n<li>PowerShares Financial Preferred Portfolio\uff08PGF)\uff1a\u30a4\u30f3\u30d9\u30b9\u30b3\u304c\u904b\u7528\u3059\u308bETF<\/li>\n<li>\u512a\u5148\u682aETF\u30d5\u30a1\u30f3\u30c9\uff08\u6bce\u6708\u5206\u914d\u578b\u30fb\u30d8\u30c3\u30b8\u3042\u308a\uff09\uff1a\u5186\u30d8\u30c3\u30b8\u4ed8\u304d\u306e\u516c\u52df\u6295\u4fe1\u3002\u6295\u8cc7\u5bfe\u8c61\u306f\u300ci\u30b7\u30a7\u30a2\u30fc\u30ba \u512a\u5148\u682a\u5f0f\uff06\u30a4\u30f3\u30ab\u30e0\u8a3c\u5238 ETF\uff08PFF\uff09\u300d\u3092\u306f\u3058\u3081\u3068\u3059\u308b\u512a\u5148\u682a\u306eETF\u3002\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8ONE\u304c\u904b\u7528\u3002<\/li>\n<\/ul>\n<h2>\u95a2\u9023\u30da\u30fc\u30b8<\/h2>\n<p>i\u30b7\u30a7\u30a2\u30fc\u30ba \u512a\u5148\u682a\u5f0f\uff06\u30a4\u30f3\u30ab\u30e0\u8a3c\u5238 ETF\uff08PFF\uff09\u306e\u30ec\u30dd\u30fc\u30c8\u7b49\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/www.blackrock.com\/jp\/individual\/ja\/products\/239826\/\" target=\"_blank\" rel=\"noopener noreferrer\">i\u30b7\u30a7\u30a2\u30fc\u30ba \u512a\u5148\u682a\u5f0f\uff06\u30a4\u30f3\u30ab\u30e0\u8a3c\u5238 ETF\uff08PFF\uff09\u30b5\u30a4\u30c8<\/a><\/li>\n<\/ul>\n<p>\u4e16\u754c\u306e\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u306e\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u4e00\u89a7\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=5602\" target=\"_blank\" rel=\"noopener noreferrer\">\u4e16\u754c\u306e\u5927\u624b\u9280\u884c\u306eTier1\u6bd4\u7387\u3068\u666e\u901a\u682a\u5f0f\u7b49Tier1\u6bd4\u7387\uff08CoCo\u50b5\u3067\u91cd\u8981\uff09<\/a><\/li>\n<\/ul>\n<p>\u50b5\u5238\u5e02\u5834\u306e\u5168\u4f53\u50cf\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=15759\" target=\"_blank\" rel=\"noopener\">\u50b5\u5238\u5e02\u5834\u306e\u5168\u4f53\u50cf\u3010\u50b5\u5238\u306e\u7a2e\u985e\u3092\u4e00\u89a7\u3067\u5206\u304b\u308a\u3084\u3059\u304f\u7d39\u4ecb\u3011<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u306f\u300ci\u30b7\u30a7\u30a2\u30fc\u30ba \u512a\u5148\u682a\u5f0f \uff06 \u30a4\u30f3\u30ab\u30e0\u8a3c\u5238 ETF\uff08PFF\uff09\u300d\u3092\u4f8b\u306b\u300c\u7c73\u56fd\u512a\u5148\u682a\u5f0f\uff08 &#8230; <\/p>\n","protected":false},"author":1,"featured_media":11822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[39],"class_list":["post-2995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-class","tag-etf"],"_links":{"self":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/2995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2995"}],"version-history":[{"count":3,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/2995\/revisions"}],"predecessor-version":[{"id":24301,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/2995\/revisions\/24301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/media\/11822"}],"wp:attachment":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}