{"id":333,"date":"2016-06-27T21:54:39","date_gmt":"2016-06-27T12:54:39","guid":{"rendered":"http:\/\/finance-gfp.com\/?page_id=333"},"modified":"2025-04-12T13:13:23","modified_gmt":"2025-04-12T04:13:23","slug":"maxdrawdown2008","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=333","title":{"rendered":"\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u682a\u5f0f\u30fb\u50b5\u5238\u30fbREIT\uff09"},"content":{"rendered":"<p><span class=\"ymarker-s\">\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f<\/span><span class=\"ymarker-s\">\u300c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u300d\u306e\u969b\u3001\u50b5\u5238\u30fb\u682a\u5f0f\u30fbREIT\u304c\u30d4\u30fc\u30af\u304b\u3089\u30d4\u30fc\u30af\u307e\u3067\u3069\u308c\u304f\u3089\u3044\u4e0b\u843d\u3057\u305f\u304b\u3092\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u30b7\u30e7\u30c3\u30af\u6642\u306e\u6700\u5927\u640d\u5931\u3092\u628a\u63e1\u3057\u3066\u304a\u304f\u3053\u3068\u306f\u6295\u8cc7\u3092\u884c\u3046\u4e0a\u3067\u975e\u5e38\u306b\u6709\u76ca\u3067\u3059\u306e\u3067\u53c2\u8003\u306b\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p><span class=\"rmarker-s\">\u3061\u306a\u307f\u306b\u300c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u300d\u306e\u7279\u5fb4\u306f\u300c\u4e16\u754c\u6050\u614c\u306b\u6b21\u3050\u682a\u4fa1\u306e\u4e0b\u843d\u7387\u300d\u3068\u300c\u50b5\u5238\u306e\u5927\u5e45\u4e0b\u843d\u300d\u3067\u3059\u3002<\/span><\/p>\n\n<!-- WP QUADS v. 3.0.1  Shortcode Ad -->\n<div 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[]).push({});\r\n<\/script><\/div>\n\n<p>\u6700\u521d\u306b\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u304c\u767a\u751f\u3057\u305f\u7d4c\u7def\u304b\u3089\u89e3\u8aac\u3057\u307e\u3059\u3002\uff08\u89e3\u8aac\u306f\u7b87\u6761\u66f8\u304d\u3067\u63b2\u8f09\uff09<\/p>\n<h2>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u767a\u751f\u307e\u3067\u306e\u7d4c\u7def\u3068\u5f71\u97ff<\/h2>\n<ul>\n<li>2003\u5e74\uff5e2007\u5e74\u306f\u65b0\u8208\u56fd\uff08\u7279\u306bBRICs\uff09\u306e\u6025\u6210\u9577\u3092\u80cc\u666f\u306b\u4e16\u754c\u7684\u306b\u597d\u666f\u6c17\u3067\u682a\u4fa1\u3082\u5927\u304d\u304f\u4e0a\u6607\u3057\u305f<\/li>\n<li>2006\u5e74\u9803\u304b\u3089\u7c73\u56fd\u306e\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306b\u3064\u3044\u3066\u306e\u60aa\u3044\u5642\u304c\u6d41\u308c\u308b\u4e2d\u30012007\u5e748\u6708\u306bBNP\u30d1\u30ea\u30d0\u5098\u4e0b\u306e\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u95a2\u9023\u306b\u6295\u8cc7\u3059\u308b\u30df\u30e5\u30fc\u30c1\u30e5\u30a2\u30eb\u30d5\u30a1\u30f3\u30c9\u304c\u89e3\u7d04\u306e\u51cd\u7d50\u3092\u767a\u8868\u3057\u305f\uff08\u30d1\u30ea\u30d0\u30b7\u30e7\u30c3\u30af\uff09<\/li>\n<li>\u305d\u306e\u5f8c\u30012008\u5e743\u6708\u306b\u7c73\u5927\u624b\u8a3c\u5238\u30d9\u30a2\u30b9\u30bf\u30fc\u30f3\u30ba\u304c\u5b9f\u8cea\u7834\u7dbb\u72b6\u614b\u306e\u4e2d\u3001\u516c\u7684\u8cc7\u91d1\u304c\u6ce8\u5165\u3055\u308cJP\u30e2\u30eb\u30ac\u30f3\u304c\u8cb7\u53ce<\/li>\n<li>\u540c\u3058\u304f\u30d5\u30a1\u30cb\u30fc\u30e1\u30a4\u3001\u30d5\u30ec\u30c7\u30a3\u30fc\u30de\u30c3\u30af\u3082\u516c\u7684\u8cc7\u91d1\u3067\u6551\u6e08\u3055\u308c\u305f\u3053\u3068\u304b\u3089\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u306e\u7834\u7dbb\u306f\u306a\u3044\u3068\u3044\u3046\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u304c\u3067\u304d\u3066\u3044\u305f<\/li>\n<li>\u305d\u3093\u306a\u4e2d\u30672008\u5e749\u670815\u65e5\u3001\u7c73\u8a3c\u52384\u4f4d\u306e\u30ea\u30fc\u30de\u30f3\u30d6\u30e9\u30b6\u30fc\u30ba\u304c\u9023\u90a6\u7834\u7523\u6cd511\u6761\uff08\u30c1\u30e3\u30d7\u30bf\u30fc11\uff09\u3092\u7533\u8acb\u3057\u305f\u3053\u3068\u3067\u5e02\u5834\u306f\u6df7\u4e71\u3057\u305f<\/li>\n<li>\u540c\u6642\u671f\u306b\u4fdd\u967a\u5927\u624bAIG\u3082CDS\u53d6\u5f15\u306e\u5f71\u97ff\u3067\u7d4c\u55b6\u5371\u6a5f\u306b\u9665\u3063\u3066\u3044\u305f<\/li>\n<li>\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u30fbCDS\u30fb\u5404\u7a2e\u8a3c\u5238\u5316\u5546\u54c1\u306a\u3069\u3092\u8ab0\u304c\u3069\u308c\u304f\u3089\u3044\u4fdd\u6709\u3057\u3066\u3044\u308b\u304b\u3092\u628a\u63e1\u3067\u304d\u305a\u3001\u5f71\u97ff\u304c\u3069\u3053\u307e\u3067\u53ca\u3076\u304b\u5206\u304b\u3089\u306a\u304b\u3063\u305f\u3053\u3068\u304c\u5927\u304d\u306a\u6df7\u4e71\u3092\u5c0e\u3044\u305f<\/li>\n<li>\u6709\u4fa1\u8a3c\u5238\u3067\u58f2\u308c\u308b\u3082\u306e\u306f\u58f2\u5374\u3059\u308b\u3068\u3044\u3046\u52d5\u304d\u304c\u62e1\u5927\u3057\u3066\u3001\u682a\u5f0f\u3060\u3051\u3067\u306a\u304f\u50b5\u5238\u306a\u3069\u3082\u6975\u3081\u3066\u5927\u304d\u304f\u4e0b\u843d\u3057\u305f\u306e\u304c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306e\u7279\u5fb4\u3067\u3042\u308b<\/li>\n<li>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u306e2009\u5e74\u306f\u6b27\u7c73\u65e5\u3092\u542b\u3080\u591a\u304f\u306e\u56fd\u3067\u30de\u30a4\u30ca\u30b9\u6210\u9577\u3068\u306a\u3063\u305f<\/li>\n<li>\u4e3b\u8981\u56fd\u306e\u7d4c\u6e08\u6210\u9577\u7387\u306e\u63a8\u79fb\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=145\" target=\"_blank\" rel=\"noopener\">\u4e16\u754c\u306e\u5b9f\u8ceaGDP\u6210\u9577\u7387\uff08\u7d4c\u6e08\u6210\u9577\u7387\uff09\u63a8\u79fb\u30101991\u5e74\u4ee5\u964d\u3011<\/a><\/li>\n<\/ul>\n<h2>\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\uff09\u3010\u50b5\u5238\u3011<\/h2>\n<ul>\n<li>\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u3054\u3068\u306b\u6700\u5927\u4e0b\u843d\u7387\u3068\u306a\u3063\u305f\u671f\u9593\u3092\u63b2\u8f09\uff08\u305d\u306e\u305f\u3081\u8cc7\u7523\u30af\u30e9\u30b9\u3054\u3068\u306b\u671f\u9593\u304c\u7570\u306a\u308b\uff09<\/li>\n<li>\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306f\u539f\u5247\u3001\u7c73\u30c9\u30eb\u30d9\u30fc\u30b9<\/li>\n<li>\u7c73\u30c9\u30eb\u30d9\u30fc\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u3068\u5186\u30d9\u30fc\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u3092\u63b2\u8f09<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-17761\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/f602d9dbfb7db9e7d64e062831bb95a1.png\" alt=\"\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306e\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u3010\u50b5\u5238\u3011\" width=\"746\" height=\"345\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/f602d9dbfb7db9e7d64e062831bb95a1.png 746w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/f602d9dbfb7db9e7d64e062831bb95a1-300x139.png 300w\" sizes=\"auto, (max-width: 746px) 100vw, 746px\" \/><\/p>\n<p><strong><span style=\"text-decoration: underline;\">\u30a4\u30f3\u30c7\u30c3\u30af\u30b9<\/span><\/strong><\/p>\n<ul>\n<li>\u4e16\u754c\u50b5\u5238\uff1aCiti Debt Capacity World Government Bond Index<\/li>\n<li>\u6295\u8cc7\u9069\u683c\u793e\u50b5\uff1aiBoxx USD Liquid Investment Grade Index<\/li>\n<li>\u91d1\u878d\u6a5f\u95a2\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8a3c\u5238\uff1a\u30a6\u30a7\u30eb\u30ba\u30d5\u30a1\u30fc\u30b4\u30fb\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\uff06\u512a\u5148\u8a3c\u5238\u6307\u6570<\/li>\n<li>\u7c73\u30c9\u30eb\u5efa\u3066\u65b0\u8208\u56fd\u56fd\u50b5\uff1aJP Morgan EMBI Global Total Return Index<\/li>\n<li>\u30d0\u30f3\u30af\u30ed\u30fc\u30f3\uff1aS&amp;P\/LSTA Leveraged Loan Total Return Index<\/li>\n<li>\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u5238\uff1aThe BofA Merrill Lynch US High Yield Constrained Index<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><strong>\u30dd\u30a4\u30f3\u30c8<\/strong><\/span><\/p>\n<ul>\n<li><span class=\"ymarker-s\">\u904e\u53bb\u3001\u50b5\u5238\u304c\u3053\u3053\u307e\u3067\u5927\u304d\u304f\u4e0b\u843d\u3057\u305f\u30de\u30fc\u30b1\u30c3\u30c8\u306f\u306a\u304b\u3063\u305f<\/span><\/li>\n<li>\u3069\u306e\u50b5\u5238\u3082\u7406\u8ad6\u5024\u3068\u306f\u95a2\u4fc2\u306a\u304f\u5927\u304d\u304f\u4e0b\u843d\u3057\u305f\u304c\u30011\u5e74\u5f8c\u306b\u306f\u4e0b\u843d\u524d\u306e\u6c34\u6e96\u307e\u3067\u56de\u5fa9\u3057\u305f\u3002\uff08\u682a\u5f0f\u306f\u4e0b\u843d\u524d\u306e\u9ad8\u5024\u307e\u3067\u623b\u308b\u306e\u306b\u6570\u5e74\u8981\u3057\u305f\u3002\u4f8b\u3048\u3070S&amp;P500\u306e\u9ad8\u5024\u66f4\u65b0\u306f2013\u5e744\u6708\u30685\u5e74\u534a\u304b\u304b\u3063\u305f\u3002\u3053\u308c\u306f\u3082\u3068\u3082\u3068\u682a\u4fa1\u304c\u4e0a\u304c\u308a\u3059\u304e\u3066\u3044\u305f\u3053\u3068\u3082\u3042\u308b\u304c\u3001\u682a\u5f0f\u306f\u4e16\u306e\u4e2d\u304c\u660e\u308b\u304f\u306a\u3089\u306a\u3044\u3068\u4e0a\u304c\u3089\u306a\u3044\u304c\u3001\u50b5\u5238\u306f\u660e\u308b\u304f\u306a\u3089\u306a\u304f\u3066\u3082\u9727\u304c\u6674\u308c\u308c\u3070\u30d1\u30fc\u8fd1\u8fba\u307e\u3067\u306f\u623b\u308b\u3068\u3044\u3046\u6027\u8cea\u306e\u9055\u3044\u306b\u3088\u308b\uff09<\/li>\n<li><span class=\"ymarker-s\">\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306f\u6d41\u52d5\u6027\u5371\u6a5f\u3068\u547c\u3070\u308c\u3001\u5024\u306e\u4ed8\u304f\u3082\u306e\u306f\u3068\u306b\u304b\u304f\u58f2\u5374\u3057\u30ad\u30e3\u30c3\u30b7\u30e5\u5316\u3059\u308b\u52d5\u304d\u3068\u306a\u308a\u7570\u5e38\u4e8b\u614b\u3068\u306a\u3063\u305f<\/span><\/li>\n<li>\u91d1\u878d\u6a5f\u95a2\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8a3c\u5238\u306e\u4e0b\u843d\u7387\u304c\u5927\u304d\u304f\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u3053\u308c\u306f\u91d1\u878d\u6a5f\u95a2\u306e\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u305f\u3053\u3068\u306b\u52a0\u3048\u3001\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u8a3c\u5238\u306e\u6d41\u52d5\u6027\u304c\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u7b49\u3068\u6bd4\u8f03\u3057\u3066\u4f4e\u304b\u3063\u305f\u3053\u3068\u3082\u8981\u56e0\u3067\u3042\u308b<\/li>\n<li>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u7570\u5e38\u6027\u3092\u8aac\u660e\u3059\u308b\u969b\u306b\u3088\u304f\u300cTED\u30b9\u30d7\u30ec\u30c3\u30c9\u300d\u304c\u4f7f\u308f\u308c\u308b\u3002TED\u30b9\u30d7\u30ec\u30c3\u30c9\u306f3\u304b\u6708\u7269\u306e\u7c73\u56fd\u50b5\u30683\u304b\u6708LIBOR\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u3067\u3001\u3053\u308c\u306f\u5e73\u305f\u304f\u8a00\u3046\u3068\u5927\u624b\u9280\u884c\u306e3\u304b\u6708\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3067\u3042\u308b\u3002\u901a\u5e38\u306f\uff11\uff05\u3092\u8d85\u3048\u308b\u3053\u3068\u306f\u307e\u305a\u306a\u304f\u3001\u6982\u306d0.1\uff05\uff5e0.5\uff05\u7a0b\u5ea6\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\uff08\u30ae\u30ea\u30b7\u30e3\u30b7\u30e7\u30c3\u30af\uff09\u3067\u6df7\u4e71\u3057\u305f2010\u5e74\uff5e2011\u5e74\u3067\u3082\u6700\u59270.5\uff05\u3067\u3042\u3063\u305f\u3002\u3057\u304b\u3057\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306f\u3053\u306eTED\u30b9\u30d7\u30ec\u30c3\u30c9\u304c4.5\uff05\u307e\u3067\u62e1\u5927\u3057\u305f\u3002\u6b27\u7c73\u306e\u5927\u624b\u9280\u884c\u304c3\u304b\u6708\u306e\u8cc7\u91d1\u8abf\u9054\u3092\u3059\u308b\u306e\u306b4.5\uff05\u306e\u4e0a\u4e57\u305b\u91d1\u5229\u304c\u5fc5\u8981\u3068\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u3053\u308c\u307b\u3069\u7570\u5e38\u306a\u74b0\u5883\u3067\u3042\u3063\u305f\u3068\u3044\u3048\u308b\u3002<\/li>\n<li>\u30d0\u30f3\u30af\u30ed\u30fc\u30f3\u3084\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u306e\u4e0b\u843d\u7387\u304c30\uff05\u3092\u8d85\u3048\u3066\u3044\u308b\u304c\u3001\u5b9f\u969b\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u7387\u3084\u6bc0\u640d\u7387\u306f\u305d\u308c\u3092\u5927\u304d\u304f\u4e0b\u56de\u3063\u305f\u3002\uff08\u30d0\u30f3\u30af\u30ed\u30fc\u30f3\u3084\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u7387\u306e\u63a8\u79fb\u306f\u3053\u3061\u3089\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=70\" target=\"_blank\" rel=\"noopener noreferrer\">\u30d0\u30f3\u30af\u30ed\u30fc\u30f3\u30fb\u30aa\u30fc\u30d7\u30f3\/\u30d0\u30f3\u30af\u30ed\u30fc\u30f3\u306e\u6295\u8cc7\u74b0\u5883<\/a>\uff09<\/li>\n<\/ul>\n<h2>\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\uff09\u3010\u682a\u5f0f\/\u30ea\u30fc\u30c8\u3011<\/h2>\n<ul>\n<li>\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u3054\u3068\u306b\u6700\u5927\u4e0b\u843d\u7387\u3068\u306a\u3063\u305f\u671f\u9593\u3092\u63b2\u8f09\uff08\u3088\u3063\u3066\u3001\u8cc7\u7523\u30af\u30e9\u30b9\u3054\u3068\u306b\u671f\u9593\u304c\u7570\u306a\u308b\uff09<\/li>\n<li>\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306f\u539f\u5247\u3001\u7c73\u30c9\u30eb\u30d9\u30fc\u30b9\uff08\u7c73\u30c9\u30eb\u4ee5\u5916\u306e\u5834\u5408\u306f\u4e0b\u8a18\u300c\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u300d\u306b\u8d64\u5b57\u3067\u8a18\u8f09\uff09<\/li>\n<li>\u7c73\u30c9\u30eb\u30d9\u30fc\u30b9\uff08\u73fe\u5730\u901a\u8ca8\u30d9\u30fc\u30b9\uff09\u306e\u6700\u5927\u4e0b\u843d\u7387\u3068\u5186\u30d9\u30fc\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u3092\u63b2\u8f09<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-17762\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/a770c54e3949b836e0289ca71967699b.png\" alt=\"\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306e\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u3010\u682a\u5f0f\u30fb\u30ea\u30fc\u30c8\u3011\" width=\"743\" height=\"341\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/a770c54e3949b836e0289ca71967699b.png 743w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/a770c54e3949b836e0289ca71967699b-300x138.png 300w\" sizes=\"auto, (max-width: 743px) 100vw, 743px\" \/><\/p>\n<p><strong><span style=\"text-decoration: underline;\">\u30a4\u30f3\u30c7\u30c3\u30af\u30b9<\/span><\/strong><\/p>\n<ul>\n<li>\u7c73\u56fd\u682a\u5f0f\uff1aS\uff06P500<\/li>\n<li>\u7c73\u56fd\u30ea\u30fc\u30c8\uff1aFTSE\/NAREIT \u30aa\u30fc\u30eb\u30a8\u30af\u30a4\u30c6\u30a3REIT\u3000TR\u6307\u6570<\/li>\n<li>\u65b0\u8208\u56fd\u682a\u5f0f\uff1aMSCI\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9<\/li>\n<li>\u65e5\u672c\u682a\u5f0f\uff1aTOPIX\uff08<span style=\"color: #ff0000;\">\u5186\u30d9\u30fc\u30b9<\/span>\uff09<\/li>\n<li>J-REIT\uff1a\u6771\u8a3cREIT\u6307\u6570\uff08<span style=\"color: #ff0000;\">\u5186\u30d9\u30fc\u30b9<\/span>\uff09<\/li>\n<li>\u8c6a\u5ddeREIT\uff1aASX200REIT\u6307\u6570\uff08<span style=\"color: #ff0000;\">\u8c6a\u30c9\u30eb\u30d9\u30fc\u30b9<\/span>\uff09<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><strong>\u30dd\u30a4\u30f3\u30c8<\/strong><\/span><\/p>\n<ul>\n<li><span class=\"ymarker-s\">\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u7279\u5fb4\u306f\u4e0b\u843d\u7387\u306e\u5927\u304d\u3055\u3067\u3042\u308b\u3002\u4e0b\u843d\u671f\u9593\u306f1\u5e74\uff5e2\u5e74\u3068\u6bd4\u8f03\u7684\u9577\u304f\u3001\u682a\u5f0f\u3084REIT\u306e\u4e0b\u843d\u7387\u306f50\uff05\uff5e80\uff05\u4ee5\u4e0a\u3068\u306a\u3063\u305f\u3002\u7279\u306b\u8c6a\u5ddeREIT\u306e\u5186\u30d9\u30fc\u30b9\u4e0b\u843d\u7387\u306f-86\uff05\u3068\u6975\u3081\u3066\u5927\u304d\u306a\u4e0b\u843d\u7387\u3068\u306a\u3063\u305f\u3002\u77ed\u671f\u9593\u3067\u306e\u30a4\u30f3\u30d1\u30af\u30c8\u304c\u5927\u304d\u304b\u3063\u305f\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u3068\u306f\u9006\u306e\u7279\u5fb4\u3067\u3042\u308b\u3002<\/span><\/li>\n<li>\u7c73\u56fd\u682a\u5f0f\u306e\u4e0b\u843d\u7387\u306f-56\uff05\u3068\u5927\u304d\u304f\u3001\u7c73\u56fd\u682a\u5f0f\u306e\u6b74\u53f2\u4e0a\u3001\u4e16\u754c\u6050\u614c\u306b\u6b21\u3050\u4e0b\u843d\u7387\u3068\u306a\u3063\u305f\u3002\uff08\u7c73\u56fd\u682a\u5f0f\u306e\u904e\u53bb\u306e\u4e0b\u843d\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=4859\" target=\"_blank\" rel=\"noopener noreferrer\">\u7c73\u56fd\u682a(S&amp;P500)\u9577\u671f\u63a8\u79fb(\u30c1\u30e3\u30fc\u30c8\u30fb\u5909\u52d5\u8981\u56e0) \/ 30%\u4ee5\u4e0a\u306e\u66b4\u843d\u306f\u904e\u53bb8\u56de<\/a>\uff09<\/li>\n<li>REIT\u306e\u4e0b\u843d\u7387\u304c\u5927\u304d\u304b\u3063\u305f\u3053\u3068\u3082\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306e\u7279\u5fb4\u3067\u3042\u308b\u3002\u3053\u308c\u306fREIT\u304c\u4e00\u822c\u7684\u306a\u6295\u8cc7\u5bfe\u8c61\u3068\u306a\u3063\u3066\u521d\u3081\u3066\u306e\u5927\u304d\u306a\u30b7\u30e7\u30c3\u30af\u3067\u3042\u308a\u3001\u6295\u8cc7\u5bb6\u306e\u30d1\u30cb\u30c3\u30af\u58f2\u308a\u304c\u5897\u3048\u305f\u3053\u3068\u304c\u8981\u56e0\u3002\uff08J-REIT\u306f2001\u5e74\u306b\u8a95\u751f\u3057\u3066\u304a\u308a\u3001\u521d\u306e\u4e0b\u843d\u76f8\u5834\u3067\u3042\u3063\u305f\uff09\u307e\u305f\u3001\u682a\u5f0f\u3068\u6bd4\u8f03\u3057\u3066\u6642\u4fa1\u7dcf\u984d\u304c\u5c0f\u3055\u304f\u3001\u6d41\u52d5\u6027\u304c\u4f4e\u3044\u3053\u3068\u3082\u4e0b\u843d\u7387\u304c\u5927\u304d\u304f\u306a\u3063\u305f\u8981\u56e0\u3068\u8003\u3048\u3089\u308c\u308b\u3002<\/li>\n<li>\u3061\u306a\u307f\u306bS&amp;P500\u306f\u30ea\u30fc\u30de\u30f3\u30d6\u30e9\u30b6\u30fc\u30ba\u304c\u7834\u7dbb\u3057\u305f2008\u5e749\u670815\u65e5\u306e\u524d\u55b6\u696d\u65e5\u3067\u3042\u308b2008\u5e749\u670812\u65e5\u6642\u70b9\u3067\u65e2\u306b\u9ad8\u5024\u304b\u3089\u7d0420%\u4e0b\u843d\u3057\u3066\u3044\u305f\u3002\u3088\u3063\u3066\u3001\u3053\u306e\u30b7\u30e7\u30c3\u30af\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3068\u3044\u3046\u3088\u308a\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30b7\u30e7\u30c3\u30af\u3068\u547c\u3076\u65b9\u304c\u9069\u5207\u3068\u3044\u3046\u610f\u898b\u3082\u591a\u3044\u3002<\/li>\n<li>SP500\u306f2007\u5e7410\u67089\u65e51,565\u30c9\u30eb\u21922008\u5e749\u670812\u65e51,251\u30c9\u30eb\u21922008\u5e743\u67089\u65e5676\u30c9\u30eb\uff08\u9ad8\u5024\u304b\u308920\uff05\u4e0b\u843d\u3057\u305f\u5f8c\u3001\u305d\u3053\u304b\u3089\u66f4\u306b45\uff05\u4e0b\u843d\uff09<\/li>\n<li>NY\u30c0\u30a6\u306f2007\u5e7410\u67089\u65e514,164\u30c9\u30eb\u21922008\u5e749\u670812\u65e511,421\u30c9\u30eb\u21922008\u5e743\u67089\u65e56,547\u30c9\u30eb\uff08\u9ad8\u5024\u304b\u308919\uff05\u4e0b\u843d\u3057\u305f\u5f8c\u3001\u305d\u3053\u304b\u3089\u66f4\u306b42\uff05\u4e0b\u843d\uff09<\/li>\n<li>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u5f8c\u306e\u7c73\u56fd\u682a\uff08SP500\uff09\u306e\u30c1\u30e3\u30fc\u30c8<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-20635\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/359b449fe3ab1a7710e96b9b0f887594.png\" alt=\"\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u5f8c\u306e\u7c73\u56fd\u682a\uff08SP500\uff09\u306e\u30c1\u30e3\u30fc\u30c8\" width=\"687\" height=\"408\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/359b449fe3ab1a7710e96b9b0f887594.png 687w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/359b449fe3ab1a7710e96b9b0f887594-300x178.png 300w\" sizes=\"auto, (max-width: 687px) 100vw, 687px\" \/><\/p>\n<h2>\u95a2\u9023\u30da\u30fc\u30b8<\/h2>\n<p>\u300c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u300d\u4ee5\u5916\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30a4\u30d9\u30f3\u30c8\u306b\u304a\u3051\u308b\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u306f\u4e0b\u8a18\u3092\u53c2\u7167\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=22141\" target=\"_blank\" rel=\"noopener\">\u4e16\u754c\u6050\u614c\u6642\u306e\u7c73\u56fd\u682a\u306e\u6b74\u53f2\uff081929\u5e74\uff5e1932\u5e74\uff09\u3010S&amp;P500\u306f\uff0d86\uff05\u306e\u5927\u66b4\u843d\u3011<\/a><\/li>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=23934\" target=\"_blank\" rel=\"noopener\">\u7c73\u56fd\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\uff0870\uff5e80\u5e74\u4ee3\uff09\u306e\u5fd8\u5099\u9332\u3010\u682a\u4fa1\u30fb\u91d1\u5229\u306e\u63a8\u79fb\u3011<\/a><\/li>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=329\" target=\"_blank\" rel=\"noopener noreferrer\">\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\uff09<\/a><\/li>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=324\" target=\"_blank\" rel=\"noopener noreferrer\">\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u30a2\u30b8\u30a2\u901a\u8ca8\u5371\u6a5f\u30fb\u30ed\u30b7\u30a2\u5371\u6a5f\uff09<\/a><\/li>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=316\" target=\"_blank\" rel=\"noopener noreferrer\">\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08IT\u30d0\u30d6\u30eb\u5d29\u58ca\uff09<\/a><\/li>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=342\" target=\"_blank\" rel=\"noopener noreferrer\">\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\uff09<\/a><\/li>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=15697\" target=\"_blank\" rel=\"noopener\">\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\uff09<\/a><\/li>\n<\/ul>\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306b\u7c73\u56fd\u50b5\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u304c\u9006\u30a4\u30fc\u30eb\u30c9\u3068\u306a\u3063\u3066\u3044\u305f\u4ef6\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=506\" target=\"_blank\" rel=\"noopener noreferrer\">\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306b\u3064\u3044\u3066\u306e\u5206\u304b\u308a\u3084\u3059\u304f\u3066\u8a73\u3057\u3044\u8aac\u660e<\/a><\/li>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=18452\" target=\"_blank\" rel=\"noopener\">\u9006\u30a4\u30fc\u30eb\u30c9\u306e\u6b74\u53f2\uff08\u7c73\u56fd\u306f1976\u5e74\u4ee5\u964d5\u56de\u30fb\u65e5\u672c\u306f1987\u5e74\u4ee5\u964d1\u56de\uff09<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u300c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u300d\u306e\u969b\u3001\u50b5\u5238\u30fb\u682a\u5f0f\u30fbREIT\u304c\u30d4\u30fc\u30af\u304b\u3089\u30d4\u30fc\u30af\u307e\u3067\u3069\u308c\u304f\u3089\u3044\u4e0b\u843d &#8230; 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