{"id":1895,"date":"2026-01-05T00:13:39","date_gmt":"2026-01-05T00:13:39","guid":{"rendered":"https:\/\/toposuranos.com\/InvestorInsight\/?p=1895"},"modified":"2026-01-05T00:13:39","modified_gmt":"2026-01-05T00:13:39","slug":"%e0%a4%ae%e0%a5%87%e0%a4%b0%e0%a5%87-%e0%a4%b5%e0%a5%88%e0%a4%b6%e0%a5%8d%e0%a4%b5%e0%a4%bf%e0%a4%95-%e0%a4%aa%e0%a5%8b%e0%a4%b0%e0%a5%8d%e0%a4%9f%e0%a4%ab%e0%a5%8b%e0%a4%b2%e0%a4%bf%e0%a4%af%e0%a5%8b","status":"publish","type":"post","link":"https:\/\/toposuranos.com\/InvestorInsight\/hi\/2026\/01\/05\/%e0%a4%ae%e0%a5%87%e0%a4%b0%e0%a5%87-%e0%a4%b5%e0%a5%88%e0%a4%b6%e0%a5%8d%e0%a4%b5%e0%a4%bf%e0%a4%95-%e0%a4%aa%e0%a5%8b%e0%a4%b0%e0%a5%8d%e0%a4%9f%e0%a4%ab%e0%a5%8b%e0%a4%b2%e0%a4%bf%e0%a4%af%e0%a5%8b\/","title":{"rendered":"\u092e\u0947\u0930\u0947 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b \u092a\u0930 \u092e\u093e\u0926\u0941\u0930\u094b \u0915\u0940 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href=\"#3\">\u0915\u094d\u0937\u0947\u0924\u094d\u0930-\u0906\u0927\u093e\u0930\u093f\u0924 \u0935\u094d\u092f\u093e\u0916\u094d\u092f\u093e (\u091c\u0928\u0935\u0930\u0940 \u092c\u0928\u093e\u092e \u0906\u0917\u093e\u092e\u0940 3 \u092e\u093e\u0939)<\/a><\/li>\n<li><a href=\"#4\">\u092a\u0930\u093f\u0938\u0902\u092a\u0924\u094d\u0924\u093f-\u0906\u0927\u093e\u0930\u093f\u0924 \u0935\u094d\u092f\u093e\u0916\u094d\u092f\u093e (\u092e\u0947\u0930\u093e \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b)<\/a><\/li>\n<li><a href=\"#5\">\u0905\u0928\u093f\u0936\u094d\u091a\u093f\u0924\u0924\u093e \u0915\u094b \u0935\u094d\u092f\u0935\u0938\u094d\u0925\u093f\u0924 \u0915\u0930\u0928\u0947 \u0939\u0947\u0924\u0941 \u0926\u094b \u0905\u0926\u094d\u092f\u0924\u0928 \u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f<\/a><\/li>\n<li><a href=\"#6\">\u092e\u0948\u0902 \u0915\u094d\u092f\u093e \u092e\u0949\u0928\u093f\u091f\u0930 \u0915\u0930 \u0930\u0939\u093e \u0939\u0942\u0901 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\u0932\u0902\u092c\u0940 \u0939\u094b \u0938\u0915\u0924\u0940 \u0939\u0948\u0964<\/li>\n<\/ul>\n<h3>2.3 \u0924\u0947\u0932: \u091c\u0928\u0935\u0930\u0940 \u092e\u0947\u0902 \u0935\u094d\u092f\u0935\u0927\u093e\u0928 \u0915\u093e \u092d\u093e\u0930 \u092c\u0922\u093c\u0924\u093e \u0939\u0948; 3 \u092e\u0939\u0940\u0928\u094b\u0902 \u092e\u0947\u0902 \u0938\u094d\u0925\u093f\u0924\u093f \u092e\u093f\u0936\u094d\u0930\u093f\u0924 \u0930\u0939\u0924\u0940 \u0939\u0948<\/h3>\n<p>\u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e \u0915\u0947 \u092a\u093e\u0938 \u0935\u093f\u0936\u093e\u0932 \u092d\u0902\u0921\u093e\u0930 \u0939\u0948\u0902, \u0915\u093f\u0902\u0924\u0941 \u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0909\u0924\u094d\u092a\u093e\u0926\u0928 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927\u094b\u0902, \u0905\u092a\u0930\u094d\u092f\u093e\u092a\u094d\u0924 \u0928\u093f\u0935\u0947\u0936 \u0914\u0930 \u091c\u0930\u094d\u091c\u0930 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\u0938\u093e\u092e\u093e\u0928\u094d\u092f\u0940\u0915\u0930\u0923 \u0939\u094b\u0924\u093e \u0939\u0948, \u0924\u094b \u092c\u093e\u091c\u093e\u0930 \u092d\u0935\u093f\u0937\u094d\u092f \u0915\u0940 \u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e\u0908 \u0906\u092a\u0942\u0930\u094d\u0924\u093f \u0915\u094b \u092a\u0941\u0928\u0903 \u092e\u0942\u0932\u094d\u092f\u093e\u0902\u0915\u093f\u0924 \u0915\u0930 \u0938\u0915\u0924\u093e \u0939\u0948 (\u0928\u0915\u093e\u0930\u093e\u0924\u094d\u092e\u0915 \u091d\u0941\u0915\u093e\u0935)\u0964 \u092f\u0926\u093f \u0926\u092c\u093e\u0935 \u092c\u0928\u093e \u0930\u0939\u0924\u093e \u0939\u0948 \u0914\u0930 \u0928\u093f\u0930\u094d\u092f\u093e\u0924 \u0938\u0940\u092e\u093f\u0924 \u0930\u0939\u0924\u0947 \u0939\u0948\u0902, \u0924\u094b \u0915\u091a\u094d\u091a\u0947 \u0924\u0947\u0932 \u0915\u094b \u0938\u092e\u0930\u094d\u0925\u0928 \u092c\u0928\u093e \u0930\u0939 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/li>\n<\/ul>\n<h3>2.4 \u0938\u094b\u0928\u093e \u0914\u0930 \u201c\u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0906\u0936\u094d\u0930\u092f\u201d: \u092f\u0926\u093f \u092a\u094d\u0930\u0915\u0930\u0923 \u0932\u0902\u092c\u093e \u091a\u0932\u0924\u093e \u0939\u0948 \u0924\u094b \u0907\u0938\u0915\u0940 \u092d\u0942\u092e\u093f\u0915\u093e \u092c\u0922\u093c\u0924\u0940 \u0939\u0948<\/h3>\n<p>\u092f\u0926\u093f \u092c\u093e\u091c\u093e\u0930 \u0930\u0915\u094d\u0937\u093e\u0924\u094d\u092e\u0915 \u092e\u094b\u0921 \u092e\u0947\u0902 \u092a\u094d\u0930\u0935\u0947\u0936 \u0915\u0930\u0924\u093e \u0939\u0948, \u0924\u094b \u0938\u094b\u0928\u0947 \u092e\u0947\u0902 \u0938\u093e\u092e\u093e\u0928\u094d\u092f\u0924\u0903 \u092e\u093e\u0902\u0917 \u092c\u0922\u093c\u0924\u0940 \u0939\u0948\u0964 \u0905\u0927\u093f\u0915 \u201c\u0938\u0902\u0930\u091a\u0928\u093e\u0924\u094d\u092e\u0915\u201d \u0938\u0902\u0918\u0930\u094d\u0937 (\u0935\u093f\u0935\u093e\u0926\u093f\u0924 \u0928\u093f\u092f\u0902\u0924\u094d\u0930\u0923, \u0905\u0902\u0924\u0930\u0930\u093e\u0937\u094d\u091f\u094d\u0930\u0940\u092f \u0918\u0930\u094d\u0937\u0923) \u0915\u0940 \u0938\u094d\u0925\u093f\u0924\u093f \u092e\u0947\u0902 \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924-\u0906\u0936\u094d\u0930\u092f \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u0915\u0947 \u0905\u0927\u093f\u0915 \u0938\u092e\u092f \u0924\u0915 \u092c\u0928\u0947 \u0930\u0939\u0928\u0947 \u0915\u0940 \u0938\u0902\u092d\u093e\u0935\u0928\u093e \u092c\u0922\u093c \u091c\u093e\u0924\u0940 \u0939\u0948\u0964 \u0907\u0938\u0938\u0947 \u0938\u094b\u0928\u0947 \u0915\u0947 ETF (IAU) \u0914\u0930 \u0938\u094d\u0935\u0930\u094d\u0923 \u0916\u0928\u0928 \u0915\u0902\u092a\u0928\u093f\u092f\u093e\u0901 (AU) \u0926\u094b\u0928\u094b\u0902 \u0915\u094b \u0932\u093e\u092d \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/p>\n<h3>2.5 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927, \u0915\u0942\u091f\u0928\u0940\u0924\u093f \u0914\u0930 \u0915\u093e\u0928\u0942\u0928\u0940 \u091c\u094b\u0916\u093f\u092e<\/h3>\n<p>\u0905\u0902\u0924\u0930\u0930\u093e\u0937\u094d\u091f\u094d\u0930\u0940\u092f \u092a\u094d\u0930\u0924\u093f\u0915\u094d\u0930\u093f\u092f\u093e \u092e\u0939\u0924\u094d\u0935\u092a\u0942\u0930\u094d\u0923 \u0939\u0948\u0964 \u092f\u0926\u093f \u0930\u0941\u0916 \u0915\u0921\u093c\u0947 \u0939\u094b\u0924\u0947 \u0939\u0948\u0902 (\u0909\u0926\u093e\u0939\u0930\u0923 \u0915\u0947 \u0932\u093f\u090f, EE.UU. \u0915\u093e \u091a\u0940\u0928 \u092f\u093e \u0930\u0942\u0938 \u0915\u0947 \u0938\u093e\u0925 \u0918\u0930\u094d\u0937\u0923), \u0924\u094b \u092c\u093e\u091c\u093e\u0930 \u0909\u091a\u094d\u091a \u091c\u094b\u0916\u093f\u092e \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u0915\u094b \u092c\u0928\u093e\u090f \u0930\u0916 \u0938\u0915\u0924\u093e \u0939\u0948\u0964 \u0907\u0938\u0915\u0947 \u0905\u0924\u093f\u0930\u093f\u0915\u094d\u0924, \u091c\u092c \u0926\u092e\u0928\u0915\u093e\u0930\u0940 \u0909\u092a\u093e\u092f \u0932\u093e\u0917\u0942 \u0939\u094b\u0924\u0947 \u0939\u0948\u0902, \u0924\u094b \u0915\u093e\u0928\u0942\u0928\u0940 \u091c\u094b\u0916\u093f\u092e (\u0905\u0928\u0941\u092c\u0902\u0927, \u092a\u0930\u093f\u0938\u0902\u092a\u0924\u094d\u0924\u093f\u092f\u093e\u0901, \u0932\u093e\u0907\u0938\u0947\u0902\u0938, compliance) \u092c\u0922\u093c\u0928\u0947 \u0915\u0940 \u092a\u094d\u0930\u0935\u0943\u0924\u094d\u0924\u093f \u0939\u094b\u0924\u0940 \u0939\u0948\u0964 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u0928\u093f\u0935\u0947\u0936\u094b\u0902 \u0915\u0947 \u0932\u093f\u090f, \u092f\u0939 \u201c\u0938\u094d\u0935\u092f\u0902 \u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e\u201d \u0915\u0947 \u092e\u093e\u0927\u094d\u092f\u092e \u0938\u0947 \u0928\u0939\u0940\u0902, \u092c\u0932\u094d\u0915\u093f \u0907\u0938 \u092c\u093e\u0924 \u0938\u0947 \u092a\u094d\u0930\u0938\u093e\u0930\u093f\u0924 \u0939\u094b\u0924\u093e \u0939\u0948 \u0915\u093f \u0935\u0939 \u0938\u0902\u0918\u0930\u094d\u0937 \u091c\u094b\u0916\u093f\u092e-\u0930\u0941\u091a\u093f, \u0921\u0949\u0932\u0930 \u0914\u0930 \u0915\u094d\u0930\u0947\u0921\u093f\u091f \u0938\u094d\u092a\u094d\u0930\u0947\u0921\u094d\u0938 \u0915\u094b \u0915\u0948\u0938\u0947 \u092a\u094d\u0930\u092d\u093e\u0935\u093f\u0924 \u0915\u0930\u0924\u093e \u0939\u0948\u0964<\/p>\n<h3>2.6 \u0909\u092d\u0930\u0924\u0947 \u092c\u093e\u091c\u093e\u0930 \u0914\u0930 \u092a\u0942\u0902\u091c\u0940 \u092a\u094d\u0930\u0935\u093e\u0939<\/h3>\n<p>\u0906\u0918\u093e\u0924 \u0915\u0940 \u0938\u094d\u0925\u093f\u0924\u093f \u092e\u0947\u0902, \u0909\u092d\u0930\u0924\u0947 \u092c\u093e\u091c\u093e\u0930\u094b\u0902 \u0938\u0947 \u092a\u0942\u0902\u091c\u0940 \u0915\u093e \u092c\u0939\u093f\u0930\u094d\u0935\u093e\u0939 \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0939\u0948\u0964 \u092f\u0926\u093f \u092f\u0939 \u092a\u094d\u0930\u0915\u0930\u0923 \u201c\u0924\u093f\u092e\u093e\u0939\u0940 \u0915\u093e \u0935\u093f\u0937\u092f\u201d \u092c\u0928 \u091c\u093e\u0924\u093e \u0939\u0948, \u0924\u094b \u092a\u094d\u0930\u0935\u093e\u0939 \u0915\u0947 \u0915\u093e\u0930\u0923 \u0926\u0902\u0921 \u0905\u0927\u093f\u0915 \u0914\u0930 \u0905\u0927\u093f\u0915 \u0938\u094d\u0925\u093e\u092f\u0940 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964 \u092f\u0939 \u0935\u093f\u0936\u0947\u0937 \u0930\u0942\u092a \u0938\u0947 SCHE (\u0909\u092d\u0930\u0924\u0947 \u092c\u093e\u091c\u093e\u0930) \u091c\u0948\u0938\u0947 ETFs \u0915\u094b \u092a\u094d\u0930\u092d\u093e\u0935\u093f\u0924 \u0915\u0930\u0924\u093e \u0939\u0948 \u0914\u0930, \u092d\u093e\u0935\u0928\u093e \u0915\u0947 \u0938\u0902\u0915\u094d\u0930\u093e\u092e\u0915 \u092a\u094d\u0930\u092d\u093e\u0935 \u0915\u0947 \u0915\u093e\u0930\u0923, \u0915\u092e \u092e\u093e\u0924\u094d\u0930\u093e \u092e\u0947\u0902 SCHF (ex-USA \u0935\u093f\u0915\u0938\u093f\u0924 \u092c\u093e\u091c\u093e\u0930) \u0915\u094b \u092d\u0940\u0964<\/p>\n<hr>\n<p><a name=\"3\"><\/a><\/p>\n<h2>3. \u0915\u094d\u0937\u0947\u0924\u094d\u0930-\u0906\u0927\u093e\u0930\u093f\u0924 \u0935\u094d\u092f\u093e\u0916\u094d\u092f\u093e (\u091c\u0928\u0935\u0930\u0940 \u092c\u0928\u093e\u092e \u0906\u0917\u093e\u092e\u0940 3 \u092e\u093e\u0939)<\/h2>\n<table>\n<thead>\n<tr>\n<th>\u0915\u094d\u0937\u0947\u0924\u094d\u0930<\/th>\n<th>\u091c\u0928\u0935\u0930\u0940 \u092e\u0947\u0902 \u0938\u0902\u092d\u093e\u0935\u093f\u0924 \u092a\u094d\u0930\u092d\u093e\u0935<\/th>\n<th>3 \u092e\u0939\u0940\u0928\u094b\u0902 \u092e\u0947\u0902 \u0938\u0902\u092d\u093e\u0935\u093f\u0924 \u092a\u094d\u0930\u092d\u093e\u0935<\/th>\n<th>\u092e\u0948\u0902 \u0915\u094d\u092f\u093e \u0926\u0947\u0916 \u0930\u0939\u093e \u0939\u0942\u0901<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>\u092e\u0947\u0917\u093e-\u0915\u0948\u092a \u091f\u0947\u0915\u094d\u0928\u094b\u0932\u0949\u091c\u0940<\/strong> (GOOG, AAPL, MSFT, AMZN, META, NFLX)<\/td>\n<td>\u0938\u093e\u092e\u093e\u0928\u094d\u092f \u092c\u093f\u0915\u0935\u093e\u0932\u0940 \u0914\u0930 \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e \u0915\u0947 \u0915\u093e\u0930\u0923 \u092e\u0927\u094d\u092f\u092e \u0926\u092c\u093e\u0935\u0964 \u092f\u0926\u093f \u092a\u094d\u0930\u0915\u0930\u0923 \u0915\u094b \u0932\u0902\u092c\u093e \u0916\u093f\u0902\u091a\u0928\u0947 \u0935\u093e\u0932\u093e \u092e\u093e\u0928\u093e \u091c\u093e\u0924\u093e \u0939\u0948, \u0924\u094b \u201crisk-off\u201d \u0905\u0927\u093f\u0915 \u0938\u092e\u092f \u0924\u0915 \u0930\u0939 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f \u0906\u0918\u093e\u0924 \u0928\u0939\u0940\u0902 \u092c\u0922\u093c\u0924\u093e \u0914\u0930 risk-on \u0932\u094c\u091f\u0924\u093e \u0939\u0948 \u0924\u094b \u0930\u093f\u0915\u0935\u0930\u0940\u0964 \u092f\u0926\u093f \u092f\u0939 \u0932\u0902\u092c\u093e \u091a\u0932\u0924\u093e \u0939\u0948, \u0924\u094b \u0935\u093f\u0936\u0947\u0937 \u0930\u0942\u092a \u0938\u0947 \u092e\u0932\u094d\u091f\u0940\u092a\u0932\u094d\u0938 \u092e\u0947\u0902 \u0930\u093f\u0915\u0935\u0930\u0940 \u0927\u0940\u092e\u0940\u0964<\/td>\n<td>VIX, \u0926\u0940\u0930\u094d\u0918\u0915\u093e\u0932\u093f\u0915 \u0926\u0930\u0947\u0902, \u0915\u094d\u0930\u0947\u0921\u093f\u091f \u0938\u094d\u092a\u094d\u0930\u0947\u0921\u094d\u0938, \u0915\u0947\u0902\u0926\u094d\u0930\u0940\u092f \u092c\u0948\u0902\u0915\u094b\u0902 \u0915\u093e \u0930\u0941\u0916\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>\u0938\u0947\u092e\u0940\u0915\u0902\u0921\u0915\u094d\u091f\u0930\u094d\u0938<\/strong> (NVDA, AMD, ASML, TSM)<\/td>\n<td>risk-off \u0915\u0947 \u092a\u094d\u0930\u0924\u093f \u0905\u0927\u093f\u0915 \u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932: \u0914\u0938\u0924 \u0938\u0947 \u0905\u0927\u093f\u0915 \u0917\u093f\u0930\u093e\u0935\u091f \u0938\u0902\u092d\u0935\u0964<\/td>\n<td>\u091c\u094b\u0916\u093f\u092e-\u0930\u0941\u091a\u093f \u0932\u094c\u091f\u0928\u0947 \u092a\u0930 \u0909\u091b\u093e\u0932\u0964 \u092f\u0926\u093f \u092a\u094d\u0930\u0915\u0930\u0923 \u091c\u093e\u0930\u0940 \u0930\u0939\u0924\u093e \u0939\u0948, \u0924\u094b \u0909\u091a\u094d\u091a \u092c\u0940\u091f\u093e = \u0905\u0927\u093f\u0915 \u0916\u093f\u0902\u091a\u093e\u0935\u0964<\/td>\n<td>\u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0926\u0930\u0947\u0902, \u0915\u094d\u0937\u0947\u0924\u094d\u0930\u0940\u092f \u0930\u094b\u091f\u0947\u0936\u0928, \u092a\u094d\u0930\u092e\u0941\u0916 \u092d\u0942-\u0930\u093e\u091c\u0928\u0940\u0924\u093f\u0915 \u0938\u0941\u0930\u094d\u0916\u093f\u092f\u093e\u0901\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>\u090a\u0930\u094d\u091c\u093e<\/strong> (SHELL.L)<\/td>\n<td>\u0909\u091a\u094d\u091a \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e\u0964 \u0935\u094d\u092f\u0935\u0927\u093e\u0928 \u0915\u0947 \u091c\u094b\u0916\u093f\u092e (\u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927, \u0905\u0935\u0930\u094b\u0927) \u0915\u0947 \u0938\u093e\u0925, \u0905\u0932\u094d\u092a\u0915\u093e\u0932 \u092e\u0947\u0902 \u0915\u091a\u094d\u091a\u0947 \u0924\u0947\u0932 \u0915\u0947 \u091c\u094b\u0916\u093f\u092e \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u0915\u0940 \u0913\u0930 \u091d\u0941\u0915\u093e\u0935 \u092c\u0922\u093c\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092e\u093f\u0936\u094d\u0930\u093f\u0924: \u092f\u0926\u093f \u0938\u093e\u092e\u093e\u0928\u094d\u092f\u0940\u0915\u0930\u0923 \u0939\u094b\u0924\u093e \u0939\u0948, \u0924\u094b \u092c\u093e\u091c\u093e\u0930 \u092d\u0935\u093f\u0937\u094d\u092f \u0915\u0940 \u0906\u092a\u0942\u0930\u094d\u0924\u093f \u092a\u0930 \u092b\u093f\u0930 \u0927\u094d\u092f\u093e\u0928 \u0926\u0947\u0924\u093e \u0939\u0948 (\u0928\u0915\u093e\u0930\u093e\u0924\u094d\u092e\u0915 \u091d\u0941\u0915\u093e\u0935)\u0964 \u092f\u0926\u093f \u0926\u092c\u093e\u0935 \u091c\u093e\u0930\u0940 \u0930\u0939\u0924\u093e \u0939\u0948, \u0924\u094b \u0915\u091a\u094d\u091a\u0947 \u0924\u0947\u0932 \u0915\u094b \u0938\u092e\u0930\u094d\u0925\u0928 \u092c\u0928\u093e \u0930\u0939 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>Brent\/WTI, \u092a\u0947\u091f\u094d\u0930\u094b\u0932\u093f\u092f\u092e \u0909\u092a\u093e\u092f\u094b\u0902 \u0915\u0940 \u0918\u094b\u0937\u0923\u093e\u090f\u0901, \u0928\u093f\u0930\u094d\u092f\u093e\u0924 \u0932\u0949\u091c\u093f\u0938\u094d\u091f\u093f\u0915\u094d\u0938\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>\u0938\u094b\u0928\u093e<\/strong> (IAU, AU)<\/td>\n<td>\u0905\u0928\u093f\u0936\u094d\u091a\u093f\u0924\u0924\u093e \u092c\u0922\u093c\u0928\u0947 \u092a\u0930 \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0932\u093e\u092d, \u0914\u0930 \u092f\u0926\u093f \u092a\u094d\u0930\u0915\u0930\u0923 \u0932\u0902\u092c\u093e \u091a\u0932\u0924\u093e \u0939\u0948 \u0924\u094b \u0914\u0930 \u0905\u0927\u093f\u0915\u0964<\/td>\n<td>\u092f\u0926\u093f \u092c\u093e\u091c\u093e\u0930 \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0939\u094b\u0924\u093e \u0939\u0948 \u0924\u094b \u0915\u0941\u091b \u0917\u0924\u093f \u0935\u093e\u092a\u0938 \u0926\u0947 \u0938\u0915\u0924\u093e \u0939\u0948; \u092f\u0926\u093f \u0924\u0928\u093e\u0935 \u092c\u0928\u093e \u0930\u0939\u0924\u093e \u0939\u0948, \u0924\u094b \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924-\u0906\u0936\u094d\u0930\u092f \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u092c\u0928\u093e\u090f \u0930\u0916 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>USD, \u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0926\u0930\u0947\u0902, \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924-\u0906\u0936\u094d\u0930\u092f \u092e\u093e\u0902\u0917\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>\u0914\u0926\u094d\u092f\u094b\u0917\u093f\u0915 \u0916\u0928\u0928<\/strong> (ANTO.L, 2899.HK \u0915\u093e \u0939\u093f\u0938\u094d\u0938\u093e)<\/td>\n<td>\u0938\u093e\u092e\u093e\u0928\u094d\u092f risk-off \u0915\u0947 \u0915\u093e\u0930\u0923 \u0924\u091f\u0938\u094d\u0925 \u0938\u0947 \u0939\u0932\u094d\u0915\u093e \u0928\u0915\u093e\u0930\u093e\u0924\u094d\u092e\u0915\u0964<\/td>\n<td>\u092f\u0926\u093f \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u0935\u0943\u0926\u094d\u0927\u093f \u091c\u093e\u0930\u0940 \u0930\u0939\u0924\u0940 \u0939\u0948 \u0914\u0930 \u092e\u0902\u0926\u0940 \u0928\u0939\u0940\u0902 \u0906\u0924\u0940, \u0924\u094b \u092c\u0947\u0939\u0924\u0930: \u0927\u093e\u0924\u0941\u090f\u0901 \u0917\u0924\u093f\u0935\u093f\u0927\u093f \u092a\u0930 \u092a\u094d\u0930\u0924\u093f\u0915\u094d\u0930\u093f\u092f\u093e \u0926\u0947\u0924\u0940 \u0939\u0948\u0902; \u092f\u0926\u093f risk-off \u092c\u0928\u093e \u0930\u0939\u0924\u093e \u0939\u0948 \u0924\u094b \u0916\u0930\u093e\u092c\u0964<\/td>\n<td>\u091a\u0940\u0928 (\u092e\u093e\u0902\u0917), PMI, \u0928\u093f\u0930\u094d\u092e\u093e\u0923 \u0938\u0902\u0915\u0947\u0924\u0915\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>\u0935\u093f\u0924\u094d\u0924\u0940\u092f \u0914\u0930 \u092c\u093e\u091c\u093e\u0930 \u0905\u0935\u0938\u0902\u0930\u091a\u0928\u093e<\/strong> (HSBC, LSEG.L)<\/td>\n<td>HSBC \u0915\u094b EM \u091c\u094b\u0916\u093f\u092e \u0915\u093e \u0905\u0938\u0930 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948; LSEG \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e \u0938\u0947 \u0905\u0927\u093f\u0915 \u0935\u0949\u0932\u094d\u092f\u0942\u092e \u0915\u0947 \u0915\u093e\u0930\u0923 \u0932\u093e\u092d\u093e\u0928\u094d\u0935\u093f\u0924 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f risk-on \u0932\u094c\u091f\u0924\u093e \u0939\u0948 \u0914\u0930 \u0924\u0928\u093e\u0935 \u0918\u091f\u0924\u093e \u0939\u0948 \u0924\u094b \u0938\u0941\u0927\u093e\u0930\u0964 \u092f\u0926\u093f \u092f\u0939 \u0932\u0902\u092c\u093e \u091a\u0932\u0924\u093e \u0939\u0948, \u0924\u094b \u0915\u094d\u0930\u0947\u0921\u093f\u091f \u0914\u0930 \u0938\u094d\u092a\u094d\u0930\u0947\u0921\u094d\u0938 \u0915\u0925\u093e \u092a\u0930 \u0939\u093e\u0935\u0940 \u0930\u0939\u0924\u0947 \u0939\u0948\u0902\u0964<\/td>\n<td>\u0915\u094d\u0930\u0947\u0921\u093f\u091f \u0938\u094d\u092a\u094d\u0930\u0947\u0921\u094d\u0938, \u0935\u0949\u0932\u094d\u092f\u0942\u092e, \u0935\u093f\u0924\u094d\u0924\u0940\u092f \u0938\u094d\u0925\u093f\u0924\u093f\u092f\u093e\u0901\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>\u0938\u094d\u0935\u093e\u0938\u094d\u0925\u094d\u092f<\/strong> (UNH, NVO)<\/td>\n<td>\u0930\u0915\u094d\u0937\u093e\u0924\u094d\u092e\u0915: \u0938\u093e\u092e\u093e\u0928\u094d\u092f\u0924\u0903 \u092c\u0947\u0939\u0924\u0930 \u091f\u093f\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0938\u094d\u0925\u093f\u0930: \u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e \u0915\u0940 \u0924\u0941\u0932\u0928\u093e \u092e\u0947\u0902 \u0905\u092a\u0928\u0947 \u0915\u093e\u0930\u0915\u094b\u0902 \u0926\u094d\u0935\u093e\u0930\u093e \u0905\u0927\u093f\u0915 \u0928\u093f\u0930\u094d\u0926\u0947\u0936\u093f\u0924\u0964<\/td>\n<td>\u0928\u093f\u092f\u093e\u092e\u0915\u0940\u092f \u091c\u094b\u0916\u093f\u092e, \u092a\u0930\u093f\u0923\u093e\u092e, guidance\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>REIT<\/strong> (O)<\/td>\n<td>\u092f\u0926\u093f flight to quality \u0915\u0947 \u0915\u093e\u0930\u0923 \u0926\u0930\u0947\u0902 \u0917\u093f\u0930\u0924\u0940 \u0939\u0948\u0902 \u0924\u094b \u0932\u093e\u092d \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0926\u0930\u0947\u0902 \u0914\u0930 \u0930\u094b\u091f\u0947\u0936\u0928 \u092a\u0930 \u0928\u093f\u0930\u094d\u092d\u0930: \u092f\u0926\u093f \u0926\u0930\u0947\u0902 \u0924\u0947\u091c\u093c\u0940 \u0938\u0947 \u0928\u0939\u0940\u0902 \u092c\u0922\u093c\u0924\u0940\u0902 \u0924\u094b \u0938\u0915\u093e\u0930\u093e\u0924\u094d\u092e\u0915 \u091d\u0941\u0915\u093e\u0935 \u0915\u0947 \u0938\u093e\u0925 \u0938\u094d\u0925\u093f\u0930\u0964<\/td>\n<td>Treasury 10Y, \u0905\u092a\u0947\u0915\u094d\u0937\u093f\u0924 \u092e\u0941\u0926\u094d\u0930\u093e\u0938\u094d\u092b\u0940\u0924\u093f\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>\u0915\u094d\u0930\u093f\u092a\u094d\u091f\u094b<\/strong> (BTC, ETH)<\/td>\n<td>\u0909\u091a\u094d\u091a \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e: \u0936\u0941\u0926\u094d\u0927 \u091c\u094b\u0916\u093f\u092e \u092f\u093e \u0935\u0948\u0915\u0932\u094d\u092a\u093f\u0915 \u0915\u0925\u093e \u0915\u0947 \u0930\u0942\u092a \u092e\u0947\u0902 \u0915\u093e\u0930\u094d\u092f \u0915\u0930 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0924\u0930\u0932\u0924\u093e \u0914\u0930 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u091c\u094b\u0916\u093f\u092e-\u0930\u0941\u091a\u093f \u0915\u093e \u0905\u0928\u0941\u0938\u0930\u0923 \u0915\u0930\u0928\u0947 \u0915\u0940 \u092a\u094d\u0930\u0935\u0943\u0924\u094d\u0924\u093f\u0964 \u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e \u0915\u093e\u0930\u0915 \u0915\u093e \u092a\u094d\u0930\u092d\u093e\u0935 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u092e\u0942\u0932\u094d\u092f \u0915\u0940 \u0924\u0941\u0932\u0928\u093e \u092e\u0947\u0902 \u0938\u094d\u0925\u093e\u0928\u0940\u092f \u0909\u092a\u092f\u094b\u0917 \u092a\u0930 \u0905\u0927\u093f\u0915 \u0939\u094b\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0924\u0930\u0932\u0924\u093e, Nasdaq \u0915\u0947 \u0938\u093e\u0925 \u0938\u0939\u0938\u0902\u092c\u0902\u0927, \u0935\u093f\u0928\u093f\u092f\u092e\u0928\u0964<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr>\n<p><a name=\"4\"><\/a><\/p>\n<h2>4. \u092a\u0930\u093f\u0938\u0902\u092a\u0924\u094d\u0924\u093f-\u0906\u0927\u093e\u0930\u093f\u0924 \u0935\u094d\u092f\u093e\u0916\u094d\u092f\u093e (\u092e\u0947\u0930\u093e \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b)<\/h2>\n<p>\u091c\u0939\u093e\u0901 \u0938\u091f\u0940\u0915\u0924\u093e \u0909\u092a\u0932\u092c\u094d\u0927 \u0928\u0939\u0940\u0902 \u0939\u0948 \u0935\u0939\u093e\u0901 \u0909\u0938\u0947 \u0917\u0922\u093c\u0928\u0947 \u0915\u0947 \u092c\u091c\u093e\u092f, \u092e\u0948\u0902 \u0907\u0938\u0947 <strong>\u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932\u0924\u093e<\/strong> \u0914\u0930 <strong>\u0921\u094d\u0930\u093e\u0907\u0935\u0930\u094d\u0938<\/strong> \u0915\u0947 \u0906\u0927\u093e\u0930 \u092a\u0930 \u0935\u094d\u092f\u0935\u0938\u094d\u0925\u093f\u0924 \u0915\u0930\u0924\u093e \u0939\u0942\u0901\u0964 \u201c\u091c\u0928\u0935\u0930\u0940\u201d \u0935\u0939 \u091a\u0930\u0923 \u0939\u0948 \u091c\u0939\u093e\u0901 \u0938\u0941\u0930\u094d\u0916\u093f\u092f\u093e\u0901 \u0914\u0930 \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e \u0939\u093e\u0935\u0940 \u0930\u0939\u0924\u0940 \u0939\u0948\u0902\u0964 \u201c3 \u092e\u0939\u0940\u0928\u0947\u201d \u0935\u0939 \u0938\u092e\u092f \u0939\u0948 \u091c\u092c \u092c\u093e\u091c\u093e\u0930 \u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f\u094b\u0902 \u0915\u093e \u092a\u0941\u0928\u0930\u094d\u092e\u0942\u0932\u094d\u092f\u093e\u0902\u0915\u0928 \u0936\u0941\u0930\u0942 \u0915\u0930\u0924\u093e \u0939\u0948\u0964<\/p>\n<table>\n<thead>\n<tr>\n<th>\u092a\u0930\u093f\u0938\u0902\u092a\u0924\u094d\u0924\u093f<\/th>\n<th>\u092e\u0947\u0930\u0940 \u0935\u094d\u092f\u093e\u0916\u094d\u092f\u093e (\u091c\u0928\u0935\u0930\u0940)<\/th>\n<th>\u092e\u0947\u0930\u0940 \u0935\u094d\u092f\u093e\u0916\u094d\u092f\u093e (3 \u092e\u0939\u0940\u0928\u0947)<\/th>\n<th>\u092e\u0941\u0916\u094d\u092f \u0921\u094d\u0930\u093e\u0907\u0935\u0930<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>SCHG<\/strong><\/td>\n<td>USA growth \u092d\u093e\u0935\u0928\u093e \u0915\u0947 \u0938\u093e\u0925 \u091a\u0932\u0924\u093e \u0939\u0948; \u092f\u0926\u093f \u092a\u094d\u0930\u0915\u0930\u0923 \u0932\u0902\u092c\u093e \u0916\u093f\u0902\u091a\u0924\u093e \u0939\u0948, \u0924\u094b \u092c\u0940\u091f\u093e \u0915\u0947 \u0915\u093e\u0930\u0923 \u092a\u094d\u0930\u092d\u093e\u0935\u093f\u0924 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f \u091d\u091f\u0915\u093e \u0928\u093f\u092f\u0902\u0924\u094d\u0930\u093f\u0924 \u0939\u094b \u091c\u093e\u0924\u093e \u0939\u0948 \u0924\u094b \u0930\u093f\u0915\u0935\u0930\u0940 \u0915\u093e \u0905\u091a\u094d\u091b\u093e \u0909\u092e\u094d\u092e\u0940\u0926\u0935\u093e\u0930; \u092f\u0926\u093f risk-off \u092c\u0928\u093e \u0930\u0939\u0924\u093e \u0939\u0948 \u0924\u094b \u0927\u0940\u092e\u093e\u0964<\/td>\n<td>\u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u091c\u094b\u0916\u093f\u092e + \u0926\u0930\u0947\u0902\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>SCHF<\/strong><\/td>\n<td>\u092f\u0926\u093f \u0935\u0948\u0936\u094d\u0935\u093f\u0915 risk-off \u0939\u094b\u0924\u093e \u0939\u0948 \u0924\u094b \u092e\u0927\u094d\u092f\u092e \u0917\u093f\u0930\u093e\u0935\u091f\u0964<\/td>\n<td>\u092f\u0926\u093f \u090a\u0930\u094d\u091c\u093e \u0915\u0940 \u0915\u0940\u092e\u0924\u0947\u0902 \u0928\u093f\u092f\u0902\u0924\u094d\u0930\u093f\u0924 \u0930\u0939\u0924\u0940 \u0939\u0948\u0902 \u0914\u0930 \u0906\u092f\u093e\u0924\u0915\u094b\u0902 \u0915\u094b \u0930\u093e\u0939\u0924 \u092e\u093f\u0932\u0924\u0940 \u0939\u0948 \u0924\u094b \u0932\u093e\u092d \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948; \u092f\u0926\u093f \u0924\u0928\u093e\u0935 \u092c\u0922\u093c\u0924\u093e \u0939\u0948 \u0924\u094b \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u0915\u092e\u091c\u094b\u0930\u0940 \u0915\u093e \u0905\u0938\u0930 \u092a\u0921\u093c\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>USA \u0915\u0947 \u092c\u093e\u0939\u0930 \u0935\u093f\u0915\u0938\u093f\u0924 \u092c\u093e\u091c\u093e\u0930\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>SCHE<\/strong><\/td>\n<td>\u0924\u0928\u093e\u0935 \u0915\u0947 \u0926\u094c\u0930 \u092e\u0947\u0902 EM \u0938\u0947 \u092a\u0942\u0902\u091c\u0940 \u0928\u093f\u0915\u093e\u0938\u0940 \u0915\u0947 \u092a\u094d\u0930\u0924\u093f \u0905\u0927\u093f\u0915 \u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932, \u0935\u093f\u0936\u0947\u0937 \u0930\u0942\u092a \u0938\u0947 \u092f\u0926\u093f \u0938\u0902\u0918\u0930\u094d\u0937 \u0932\u0902\u092c\u093e \u091a\u0932\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>risk-on \u0932\u094c\u091f\u0928\u0947 \u092a\u0930 \u0930\u093f\u0915\u0935\u0930\u0940; \u092f\u0926\u093f \u0926\u092c\u093e\u0935 \u091c\u093e\u0930\u0940 \u0930\u0939\u0924\u093e \u0939\u0948 \u0924\u094b \u092a\u093f\u091b\u0921\u093c\u093e \u0930\u0939 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>EM \u092a\u094d\u0930\u0935\u093e\u0939 + USD\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>EWS<\/strong><\/td>\n<td>\u090f\u0936\u093f\u092f\u093e \u0915\u0947 \u092d\u0940\u0924\u0930 \u0905\u092a\u0947\u0915\u094d\u0937\u093e\u0915\u0943\u0924 \u0930\u0915\u094d\u0937\u093e\u0924\u094d\u092e\u0915\u0964<\/td>\n<td>\u092f\u0926\u093f \u0935\u094d\u092f\u093e\u092a\u093e\u0930 \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0939\u094b\u0924\u093e \u0939\u0948 \u0924\u094b \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u0935\u0943\u0926\u094d\u0927\u093f \u0915\u0947 \u0938\u093e\u0925 \u091a\u0932 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0930\u0915\u094d\u0937\u093e\u0924\u094d\u092e\u0915 \u090f\u0936\u093f\u092f\u093e + \u0935\u093f\u0924\u094d\u0924\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>GOOG<\/strong><\/td>\n<td>\u092d\u093e\u0935\u0928\u093e \u0915\u0947 \u092e\u093e\u0927\u094d\u092f\u092e \u0938\u0947 \u0905\u092a\u094d\u0930\u0924\u094d\u092f\u0915\u094d\u0937 \u092a\u094d\u0930\u092d\u093e\u0935; \u092a\u094d\u0930\u0924\u094d\u092f\u0915\u094d\u0937 \u090f\u0915\u094d\u0938\u092a\u094b\u091c\u093c\u0930 \u0928\u0939\u0940\u0902\u0964<\/td>\n<td>\u092f\u0926\u093f \u092c\u093e\u091c\u093e\u0930 \u0917\u0941\u0923\u0935\u0924\u094d\u0924\u093e \u0914\u0930 growth \u0915\u094b \u092a\u0941\u0928\u0903 \u092a\u0941\u0930\u0938\u094d\u0915\u0943\u0924 \u0915\u0930\u0924\u093e \u0939\u0948 \u0924\u094b \u0930\u093f\u0915\u0935\u0930\u0940\u0964<\/td>\n<td>\u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u091c\u094b\u0916\u093f\u092e, tech \u092e\u0932\u094d\u091f\u0940\u092a\u0932\u094d\u0938\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>AAPL<\/strong><\/td>\n<td>risk-off \u0915\u0947 \u0915\u093e\u0930\u0923 \u0939\u0932\u094d\u0915\u093e \u0926\u092c\u093e\u0935; \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u0909\u092a\u092d\u094b\u0917 \u092a\u0930 \u092b\u094b\u0915\u0938\u0964<\/td>\n<td>\u092f\u0926\u093f \u092e\u0941\u0926\u094d\u0930\u093e\u0938\u094d\u092b\u0940\u0924\u093f \u0914\u0930 \u0932\u0949\u091c\u093f\u0938\u094d\u091f\u093f\u0915 \u0932\u093e\u0917\u0924\u0947\u0902 \u0918\u091f\u0924\u0940 \u0939\u0948\u0902 \u0924\u094b \u0938\u0941\u0927\u093e\u0930; \u092c\u093e\u091c\u093e\u0930 \u0930\u094b\u091f\u0947\u0936\u0928 \u0915\u0947 \u092a\u094d\u0930\u0924\u093f \u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932\u0964<\/td>\n<td>\u0909\u092a\u092d\u094b\u0917 + \u0906\u092a\u0942\u0930\u094d\u0924\u093f \u0936\u0943\u0902\u0916\u0932\u093e\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>MSFT<\/strong><\/td>\n<td>\u0938\u093e\u092a\u0947\u0915\u094d\u0937 \u0930\u0942\u092a \u0938\u0947 \u201c\u0930\u0915\u094d\u0937\u093e\u0924\u094d\u092e\u0915\u201d \u091f\u0947\u0915; \u0915\u092e \u0917\u093f\u0930 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f \u0921\u093f\u091c\u093f\u091f\u0932 \u0928\u093f\u0935\u0947\u0936 \u091a\u0915\u094d\u0930 \u092e\u091c\u092c\u0942\u0924 \u0930\u0939\u0924\u093e \u0939\u0948 \u0924\u094b \u0932\u093e\u092d\u0964<\/td>\n<td>Cloud + enterprise\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>AMZN<\/strong><\/td>\n<td>\u092e\u0927\u094d\u092f\u092e \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e; \u090a\u0930\u094d\u091c\u093e \u0915\u0947 \u092a\u094d\u0930\u0924\u093f \u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932 \u0932\u0949\u091c\u093f\u0938\u094d\u091f\u093f\u0915\u094d\u0938\u0964<\/td>\n<td>\u092f\u0926\u093f \u090a\u0930\u094d\u091c\u093e \u0928\u093f\u092f\u0902\u0924\u094d\u0930\u093f\u0924 \u0930\u0939\u0924\u0940 \u0939\u0948 \u0914\u0930 \u0909\u092a\u092d\u094b\u0917 \u091f\u093f\u0915\u0924\u093e \u0939\u0948 \u0924\u094b \u0938\u0915\u093e\u0930\u093e\u0924\u094d\u092e\u0915 \u092a\u094d\u0930\u092d\u093e\u0935\u0964<\/td>\n<td>Retail + AWS + \u0932\u093e\u0917\u0924\u0947\u0902\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>META<\/strong><\/td>\n<td>\u0905\u0928\u093f\u0936\u094d\u091a\u093f\u0924\u0924\u093e \u092e\u0947\u0902 \u0935\u093f\u091c\u094d\u091e\u093e\u092a\u0928 \u0916\u0930\u094d\u091a \u0915\u0947 \u092a\u094d\u0930\u0924\u093f \u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932\u0964<\/td>\n<td>\u092f\u0926\u093f \u0935\u093f\u0936\u094d\u0935\u093e\u0938 \u0932\u094c\u091f\u0924\u093e \u0939\u0948 \u0914\u0930 \u0935\u093f\u091c\u094d\u091e\u093e\u092a\u0928 \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0939\u094b\u0924\u093e \u0939\u0948 \u0924\u094b \u0909\u091b\u093e\u0932\u0964<\/td>\n<td>\u091a\u0915\u094d\u0930\u0940\u092f \u0935\u093f\u091c\u094d\u091e\u093e\u092a\u0928\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>NFLX<\/strong><\/td>\n<td>\u092e\u0927\u094d\u092f\u092e \u0917\u093f\u0930\u093e\u0935\u091f \u0938\u0902\u092d\u0935; \u0935\u093f\u0935\u0947\u0915\u093e\u0927\u0940\u0928 \u0909\u092a\u092d\u094b\u0917\u0964<\/td>\n<td>\u0907\u0938\u0915\u0947 \u0928\u093f\u0937\u094d\u092a\u093e\u0926\u0928 \u0915\u093e \u092a\u094d\u0930\u092d\u093e\u0935 \u092a\u094d\u0930\u092e\u0941\u0916 (\u0938\u092c\u094d\u0938\u0915\u094d\u0930\u093e\u0907\u092c\u0930, \u0915\u0902\u091f\u0947\u0902\u091f)\u0964<\/td>\n<td>\u0938\u094d\u0935\u0924\u0902\u0924\u094d\u0930 \u092e\u0942\u0932\u092d\u0942\u0924 \u0915\u093e\u0930\u0915\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>NVDA<\/strong><\/td>\n<td>\u0909\u091a\u094d\u091a \u092c\u0940\u091f\u093e: \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u092c\u093f\u0915\u0935\u093e\u0932\u0940 \u0915\u0947 \u092a\u094d\u0930\u0924\u093f \u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932\u0964<\/td>\n<td>\u092f\u0926\u093f \u092c\u093e\u091c\u093e\u0930 \u0938\u094d\u0925\u093f\u0930 \u0939\u094b\u0924\u093e \u0939\u0948 \u0924\u094b \u092a\u094d\u0930\u093e\u092f\u0903 \u0924\u0947\u091c\u093c\u0940 \u0938\u0947 \u0930\u093f\u0915\u0935\u0930 \u0915\u0930\u0924\u093e \u0939\u0948; \u0905\u0928\u094d\u092f\u0925\u093e \u092c\u0940\u091f\u093e \u0928\u0941\u0915\u0938\u093e\u0928 \u092a\u0939\u0941\u0901\u091a\u093e\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>AI + \u091c\u094b\u0916\u093f\u092e-\u0930\u0941\u091a\u093f\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>AMD<\/strong><\/td>\n<td>\u092c\u0940\u091f\u093e \u0914\u0930 \u0930\u094b\u091f\u0947\u0936\u0928 \u0915\u0947 \u0915\u093e\u0930\u0923 \u0926\u092c\u093e\u0935\u0964<\/td>\n<td>\u092f\u0926\u093f \u0938\u0947\u092e\u0940\u0915\u0902\u0921\u0915\u094d\u091f\u0930 \u091a\u0915\u094d\u0930 \u092c\u0928\u093e \u0930\u0939\u0924\u093e \u0939\u0948 \u0924\u094b \u0930\u093f\u0915\u0935\u0930\u0940\u0964<\/td>\n<td>Semis + \u091c\u094b\u0916\u093f\u092e\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>ASML<\/strong><\/td>\n<td>\u0935\u0948\u0936\u094d\u0935\u093f\u0915 semis \u0915\u0947 \u0938\u093e\u0925 \u0938\u0941\u0927\u093e\u0930 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f \u0924\u0915\u0928\u0940\u0915\u0940 capex \u092c\u0928\u093e \u0930\u0939\u0924\u093e \u0939\u0948 \u0924\u094b \u0930\u093f\u0915\u0935\u0930\u0940\u0964<\/td>\n<td>Semis \u0909\u092a\u0915\u0930\u0923\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>TSM<\/strong><\/td>\n<td>\u0909\u091a\u094d\u091a \u092c\u0940\u091f\u093e + \u090f\u0936\u093f\u092f\u093e \u092d\u0942-\u0930\u093e\u091c\u0928\u0940\u0924\u093f\u0915 \u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932\u0924\u093e (\u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0938\u0902\u0926\u0930\u094d\u092d \u092e\u0947\u0902, \u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e \u0915\u0947 \u0915\u093e\u0930\u0923 \u0928\u0939\u0940\u0902)\u0964<\/td>\n<td>\u092f\u0926\u093f \u0915\u094b\u0908 \u092c\u0921\u093c\u0940 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 escalation \u0928\u0939\u0940\u0902 \u0939\u094b\u0924\u0940, \u0924\u094b \u092a\u094d\u0930\u0935\u0943\u0924\u094d\u0924\u093f \u092a\u0941\u0928\u0903 \u092a\u0915\u0921\u093c \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u091a\u093f\u092a \u0906\u092a\u0942\u0930\u094d\u0924\u093f \u0936\u0943\u0902\u0916\u0932\u093e\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>SHELL.L<\/strong><\/td>\n<td>\u0924\u0947\u0932 \u0935\u094d\u092f\u0935\u0927\u093e\u0928 \u0915\u0947 \u091c\u094b\u0916\u093f\u092e \u0915\u0947 \u0938\u093e\u0925, \u0915\u091a\u094d\u091a\u0947 \u0924\u0947\u0932 \u0915\u0947 \u091c\u094b\u0916\u093f\u092e \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u0938\u0947 \u0932\u093e\u092d \u092e\u093f\u0932 \u0938\u0915\u0924\u093e \u0939\u0948, \u0915\u093f\u0902\u0924\u0941 \u0905\u0924\u094d\u092f\u0927\u093f\u0915 \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e \u0915\u0947 \u0938\u093e\u0925\u0964<\/td>\n<td>\u092e\u093f\u0936\u094d\u0930\u093f\u0924: \u092f\u0926\u093f \u092d\u0935\u093f\u0937\u094d\u092f \u0915\u0940 \u0906\u092a\u0942\u0930\u094d\u0924\u093f \u0905\u092a\u0947\u0915\u094d\u0937\u093e\u0913\u0902 \u0938\u0947 \u0924\u0947\u0932 \u0938\u094d\u0925\u093f\u0930 \u0939\u094b\u0924\u093e \u0939\u0948 \u092f\u093e \u0917\u093f\u0930\u0924\u093e \u0939\u0948, \u0924\u094b \u092a\u093f\u091b\u0921\u093c \u0938\u0915\u0924\u093e \u0939\u0948; \u0921\u093f\u0935\u093f\u0921\u0947\u0902\u0921 \u0938\u0947 \u0938\u092e\u0930\u094d\u0925\u0928\u0964<\/td>\n<td>\u0924\u0947\u0932 (\u0915\u0940\u092e\u0924 + \u0909\u092a\u093e\u092f)\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>IAU<\/strong><\/td>\n<td>\u0905\u0928\u093f\u0936\u094d\u091a\u093f\u0924\u0924\u093e \u092c\u0922\u093c\u0928\u0947 \u092a\u0930 \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924-\u0906\u0936\u094d\u0930\u092f \u0915\u0947 \u0930\u0942\u092a \u092e\u0947\u0902 \u0932\u093e\u092d, \u0935\u093f\u0936\u0947\u0937\u0915\u0930 \u092f\u0926\u093f \u092a\u094d\u0930\u0915\u0930\u0923 \u0932\u0902\u092c\u093e \u091a\u0932\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f \u092c\u093e\u091c\u093e\u0930 \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0939\u094b\u0924\u093e \u0939\u0948 \u0924\u094b \u0915\u0941\u091b \u0932\u093e\u092d \u091b\u094b\u0921\u093c \u0938\u0915\u0924\u093e \u0939\u0948; \u0935\u093f\u0935\u093f\u0927\u0940\u0915\u0930\u0923 \u0915\u0947 \u0930\u0942\u092a \u092e\u0947\u0902 \u0909\u092a\u092f\u094b\u0917\u0940\u0964<\/td>\n<td>\u0938\u094b\u0928\u093e + \u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0926\u0930\u0947\u0902\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>AU<\/strong><\/td>\n<td>\u0916\u0928\u0928 \u0935\u094d\u092f\u0935\u0938\u093e\u092f \u0915\u0940 \u0905\u0902\u0924\u0930\u094d\u0928\u093f\u0939\u093f\u0924 \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e \u0915\u0947 \u0938\u093e\u0925 \u0938\u094b\u0928\u0947 (\u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0906\u0936\u094d\u0930\u092f) \u0915\u0940 \u091a\u093e\u0932 \u0915\u094b \u092c\u0922\u093c\u093e-\u091a\u0922\u093c\u093e \u0915\u0930 \u0926\u0930\u094d\u0936\u093e\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0907\u0938 \u092a\u0930 \u0928\u093f\u0930\u094d\u092d\u0930 \u0915\u0930\u0924\u093e \u0939\u0948 \u0915\u093f \u0938\u094b\u0928\u093e \u091c\u094b\u0916\u093f\u092e \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u092c\u0928\u093e\u090f \u0930\u0916\u0924\u093e \u0939\u0948 \u092f\u093e \u0928\u0939\u0940\u0902\u0964<\/td>\n<td>\u0916\u0928\u0928 \u092e\u093e\u0930\u094d\u091c\u093f\u0928 + \u0938\u094b\u0928\u093e\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>ANTO.L<\/strong><\/td>\n<td>risk-off \u0915\u093e \u0926\u092c\u093e\u0935 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948, \u092d\u0932\u0947 \u0939\u0940 \u0924\u093e\u0902\u092c\u093e \u092c\u0939\u0941\u0924 \u0928 \u092c\u0926\u0932\u0947\u0964<\/td>\n<td>\u092f\u0926\u093f \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u0935\u0943\u0926\u094d\u0927\u093f \u091c\u093e\u0930\u0940 \u0930\u0939\u0924\u0940 \u0939\u0948 \u0914\u0930 \u091a\u0940\u0928 \u0927\u093e\u0924\u0941\u0913\u0902 \u0915\u0940 \u092e\u093e\u0902\u0917 \u0915\u0930\u0924\u093e \u0939\u0948 \u0924\u094b \u092c\u0947\u0939\u0924\u0930; \u092f\u0926\u093f risk-off \u092c\u0928\u093e \u0930\u0939\u0924\u093e \u0939\u0948 \u0924\u094b \u0916\u0930\u093e\u092c\u0964<\/td>\n<td>\u0924\u093e\u0902\u092c\u093e + \u0914\u0926\u094d\u092f\u094b\u0917\u093f\u0915 \u091a\u0915\u094d\u0930\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>2899.HK<\/strong><\/td>\n<td>\u092e\u093f\u0936\u094d\u0930\u093f\u0924 (\u0938\u094b\u0928\u093e \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0906\u0936\u094d\u0930\u092f \u092c\u0928\u093e\u092e \u0914\u0926\u094d\u092f\u094b\u0917\u093f\u0915 \u0927\u093e\u0924\u0941\u090f\u0901)\u0964<\/td>\n<td>\u0915\u092e\u094b\u0921\u093f\u091f\u0940 \u091a\u0915\u094d\u0930 \u0914\u0930 \u091a\u0940\u0928 \u0938\u0947 \u0905\u0927\u093f\u0915 \u091c\u0941\u0921\u093c\u093e\u0964<\/td>\n<td>\u0915\u092e\u094b\u0921\u093f\u091f\u0940\u091c\u093c + \u091a\u0940\u0928\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>0968.HK<\/strong><\/td>\n<td>\u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e \u0918\u091f\u0928\u093e \u0915\u0940 \u0924\u0941\u0932\u0928\u093e \u092e\u0947\u0902 \u091a\u0940\u0928 \u0914\u0930 \u0938\u094c\u0930 \u0915\u094d\u0937\u0947\u0924\u094d\u0930 \u092a\u0930 \u0905\u0927\u093f\u0915 \u0928\u093f\u0930\u094d\u092d\u0930\u0964<\/td>\n<td>\u0928\u0935\u0940\u0915\u0930\u0923\u0940\u092f \u0915\u094d\u0937\u0947\u0924\u094d\u0930 \u0915\u0940 \u0917\u0924\u093f\u0936\u0940\u0932\u0924\u093e \u0914\u0930 \u092e\u093e\u0930\u094d\u091c\u093f\u0928 \u0939\u093e\u0935\u0940 \u0930\u0939\u0924\u0947 \u0939\u0948\u0902\u0964<\/td>\n<td>\u0938\u094c\u0930 \u0909\u0926\u094d\u092f\u094b\u0917\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>9988.HK<\/strong><\/td>\n<td>\u091a\u0940\u0928 tech \u0914\u0930 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u092d\u093e\u0935\u0928\u093e \u0938\u0947 \u091a\u0932\u0924\u093e \u0939\u0948; \u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e \u0915\u093e \u092a\u094d\u0930\u092d\u093e\u0935 \u0938\u0940\u092e\u093e\u0902\u0924 \u0939\u0948\u0964<\/td>\n<td>\u0932\u0948\u091f\u093f\u0928 \u0905\u092e\u0947\u0930\u093f\u0915\u093e \u0938\u0947 \u0905\u0927\u093f\u0915 \u091a\u0940\u0928 (\u0928\u0940\u0924\u093f, \u0909\u092a\u092d\u094b\u0917, \u0935\u093f\u0928\u093f\u092f\u092e\u0928) \u092a\u0930 \u0928\u093f\u0930\u094d\u092d\u0930\u0964<\/td>\n<td>China tech + China macro\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>HSBC<\/strong><\/td>\n<td>EM \u091c\u094b\u0916\u093f\u092e \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u0938\u0947 \u092a\u094d\u0930\u092d\u093e\u0935\u093f\u0924 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f risk-on \u0938\u094d\u0925\u093f\u0930 \u0939\u094b\u0924\u093e \u0939\u0948 \u0924\u094b \u0930\u093f\u0915\u0935\u0930\u0940; \u092f\u0926\u093f \u0924\u0928\u093e\u0935 \u0932\u0902\u092c\u093e \u091a\u0932\u0924\u093e \u0939\u0948 \u0924\u094b spreads \u0939\u093e\u0935\u0940 \u0930\u0939\u0924\u0947 \u0939\u0948\u0902\u0964<\/td>\n<td>\u0915\u094d\u0930\u0947\u0921\u093f\u091f \u091c\u094b\u0916\u093f\u092e + \u0926\u0930\u0947\u0902\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>LSEG.L<\/strong><\/td>\n<td>\u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e \u0917\u0924\u093f\u0935\u093f\u0927\u093f \u0914\u0930 \u0935\u0949\u0932\u094d\u092f\u0942\u092e \u092c\u0922\u093c\u093e \u0938\u0915\u0924\u0940 \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f \u092c\u093e\u091c\u093e\u0930 \u0938\u0915\u094d\u0930\u093f\u092f \u0930\u0939\u0924\u0947 \u0939\u0948\u0902 \u0914\u0930 \u091c\u094b\u0916\u093f\u092e \u0927\u0940\u0930\u0947-\u0927\u0940\u0930\u0947 \u0918\u091f\u0924\u093e \u0939\u0948 \u0924\u094b \u0932\u093e\u092d\u0964<\/td>\n<td>\u092c\u093e\u091c\u093e\u0930 \u0905\u0935\u0938\u0902\u0930\u091a\u0928\u093e\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>UNH<\/strong><\/td>\n<td>\u0930\u0915\u094d\u0937\u093e\u0924\u094d\u092e\u0915: \u0938\u093e\u092e\u093e\u0928\u094d\u092f\u0924\u0903 \u0905\u091a\u094d\u091b\u0940 \u0924\u0930\u0939 \u091f\u093f\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>USA \u0915\u0947 \u0918\u0930\u0947\u0932\u0942 \u0915\u093e\u0930\u0915\u094b\u0902 \u0926\u094d\u0935\u093e\u0930\u093e \u0905\u0927\u093f\u0915 \u0928\u093f\u0930\u094d\u0926\u0947\u0936\u093f\u0924\u0964<\/td>\n<td>US \u0938\u094d\u0935\u093e\u0938\u094d\u0925\u094d\u092f + \u0935\u093f\u0928\u093f\u092f\u092e\u0928\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>NVO<\/strong><\/td>\n<td>\u0930\u0915\u094d\u0937\u093e\u0924\u094d\u092e\u0915; \u091d\u091f\u0915\u094b\u0902 \u092e\u0947\u0902 \u0938\u093e\u092e\u093e\u0928\u094d\u092f\u0924\u0903 \u0932\u091a\u0940\u0932\u093e\u0964<\/td>\n<td>\u0907\u0938\u0915\u0947 \u092b\u093e\u0930\u094d\u092e\u093e\u0938\u094d\u092f\u0942\u091f\u093f\u0915\u0932 \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b \u0915\u0940 \u092e\u093e\u0902\u0917 \u0914\u0930 \u092e\u093e\u0930\u094d\u091c\u093f\u0928 \u0939\u093e\u0935\u0940 \u0930\u0939\u0924\u0947 \u0939\u0948\u0902\u0964<\/td>\n<td>\u0938\u094d\u0935\u0924\u0902\u0924\u094d\u0930 \u092e\u0942\u0932\u092d\u0942\u0924 \u0915\u093e\u0930\u0915\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>O<\/strong><\/td>\n<td>\u092f\u0926\u093f flight to quality \u0915\u0947 \u0915\u093e\u0930\u0923 \u0926\u0930\u0947\u0902 \u0917\u093f\u0930\u0924\u0940 \u0939\u0948\u0902 \u0924\u094b \u0932\u093e\u092d \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u092f\u0926\u093f \u0926\u0930\u0947\u0902 \u0924\u0947\u091c\u093c\u0940 \u0938\u0947 \u0928\u0939\u0940\u0902 \u092c\u0922\u093c\u0924\u0940\u0902 \u0924\u094b \u0938\u094d\u0925\u093f\u0930 \u0930\u093f\u091f\u0930\u094d\u0928 \u0926\u0947\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0926\u0930\u0947\u0902 + \u0935\u093f\u0924\u094d\u0924\u092a\u094b\u0937\u0923 \u0932\u093e\u0917\u0924\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>BTC<\/strong><\/td>\n<td>\u0905\u0938\u094d\u0925\u093f\u0930: \u091c\u094b\u0916\u093f\u092e \u092a\u0930\u093f\u0938\u0902\u092a\u0924\u094d\u0924\u093f \u092f\u093e \u0935\u0948\u0915\u0932\u094d\u092a\u093f\u0915 \u0915\u0925\u093e \u0915\u0947 \u0930\u0942\u092a \u092e\u0947\u0902 \u0915\u093e\u0930\u094d\u092f \u0915\u0930 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u0924\u0930\u0932\u0924\u093e \u0938\u0947 \u0905\u0927\u093f\u0915 \u091c\u0941\u0921\u093c\u093e; \u0935\u0947\u0928\u0947\u091c\u093c\u0941\u090f\u0932\u093e \u0915\u093e \u092a\u094d\u0930\u092d\u093e\u0935 \u0915\u0940\u092e\u0924 \u0915\u0940 \u0924\u0941\u0932\u0928\u093e \u092e\u0947\u0902 \u0938\u094d\u0925\u093e\u0928\u0940\u092f \u0909\u092a\u092f\u094b\u0917 \u092a\u0930 \u0905\u0927\u093f\u0915\u0964<\/td>\n<td>\u0924\u0930\u0932\u0924\u093e + \u092d\u093e\u0935\u0928\u093e\u0964<\/td>\n<\/tr>\n<tr>\n<td><strong>ETH<\/strong><\/td>\n<td>\u0909\u091a\u094d\u091a \u092c\u0940\u091f\u093e \u0915\u0947 \u0938\u093e\u0925 \u0905\u0938\u094d\u0925\u093f\u0930; \u092a\u094d\u0930\u093e\u092f\u0903 BTC \u0915\u0947 \u0938\u093e\u0925 \u091a\u0932\u0924\u093e \u0939\u0948\u0964<\/td>\n<td>\u0924\u0930\u0932\u0924\u093e \u0914\u0930 \u091c\u094b\u0916\u093f\u092e-\u0930\u0941\u091a\u093f \u0915\u0947 \u0938\u093e\u0925-\u0938\u093e\u0925 \u0907\u0915\u094b\u0938\u093f\u0938\u094d\u091f\u092e \u0915\u0940 \u0917\u0924\u093f\u0936\u0940\u0932\u0924\u093e \u092a\u0930 \u0928\u093f\u0930\u094d\u092d\u0930\u0964<\/td>\n<td>\u0924\u0930\u0932\u0924\u093e + \u0907\u0915\u094b\u0938\u093f\u0938\u094d\u091f\u092e\u0964<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr>\n<p><a name=\"5\"><\/a><\/p>\n<h2>5. \u0905\u0928\u093f\u0936\u094d\u091a\u093f\u0924\u0924\u093e \u0915\u094b \u0935\u094d\u092f\u0935\u0938\u094d\u0925\u093f\u0924 \u0915\u0930\u0928\u0947 \u0939\u0947\u0924\u0941 \u0926\u094b \u0905\u0926\u094d\u092f\u0924\u0928 \u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f<\/h2>\n<h3>\u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f A: \u092a\u094d\u0930\u0936\u093e\u0938\u093f\u0924 \u0938\u0902\u0915\u094d\u0930\u092e\u0923 \u0914\u0930 \u0938\u0902\u0938\u094d\u0925\u093e\u0917\u0924 \u0938\u0939\u092f\u094b\u0917<\/h3>\n<ul>\n<li><strong>\u092c\u093e\u091c\u093e\u0930:<\/strong> \u092a\u094d\u0930\u093e\u0930\u0902\u092d\u093f\u0915 \u091d\u091f\u0915\u093e \u0938\u092e\u093e\u092a\u094d\u0924 \u0939\u094b\u0924\u093e \u0939\u0948, \u091c\u094b\u0916\u093f\u092e-\u0930\u0941\u091a\u093f \u0932\u094c\u091f\u0924\u0940 \u0939\u0948\u0964<\/li>\n<li><strong>\u0915\u092e\u094b\u0921\u093f\u091f\u0940\u091c\u093c:<\/strong> \u0938\u094b\u0928\u093e \u0905\u092a\u0928\u0947 \u0915\u0941\u091b momentum \u0915\u094b \u0916\u094b \u0926\u0947\u0924\u093e \u0939\u0948; \u0924\u0947\u0932 \u0938\u094d\u0925\u093f\u0930 \u0939\u094b\u0924\u093e \u0939\u0948 \u0914\u0930 \u0927\u094d\u092f\u093e\u0928 \u092e\u0927\u094d\u092f\u092e \u0905\u0935\u0927\u093f \u0915\u0940 \u0905\u092a\u0947\u0915\u094d\u0937\u093e\u0913\u0902 \u092a\u0930 \u0915\u0947\u0902\u0926\u094d\u0930\u093f\u0924 \u0939\u094b \u091c\u093e\u0924\u093e \u0939\u0948\u0964<\/li>\n<li><strong>\u092e\u0947\u0930\u093e \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b:<\/strong> \u091f\u0947\u0915 \u0914\u0930 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 ETFs \u0930\u093f\u0915\u0935\u0930\u0940 \u0915\u093e \u0928\u0947\u0924\u0943\u0924\u094d\u0935 \u0915\u0930\u0924\u0947 \u0939\u0948\u0902; \u0938\u094b\u0928\u093e \u090f\u0915 \u0915\u0941\u0936\u0928 \u0915\u0940 \u092d\u0942\u092e\u093f\u0915\u093e \u0928\u093f\u092d\u093e\u0924\u093e \u0939\u0948, \u092c\u093f\u0928\u093e \u092a\u0930\u093f\u0923\u093e\u092e \u0915\u094b \u201c\u0922\u094b\u0928\u0947\u201d \u0915\u0940 \u0906\u0935\u0936\u094d\u092f\u0915\u0924\u093e \u0915\u0947\u0964<\/li>\n<\/ul>\n<h3>\u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f B: \u0935\u093f\u0935\u093e\u0926\u093f\u0924 \u0928\u093f\u092f\u0902\u0924\u094d\u0930\u0923, \u0926\u0940\u0930\u094d\u0918\u0915\u093e\u0932\u093f\u0915 \u0926\u092c\u093e\u0935 \u0914\u0930 \u092a\u0930\u093f\u091a\u093e\u0932\u0928 \u0935\u094d\u092f\u0935\u0927\u093e\u0928<\/h3>\n<ul>\n<li><strong>\u092c\u093e\u091c\u093e\u0930:<\/strong> \u0928\u093f\u0930\u0902\u0924\u0930 \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e, \u0930\u0915\u094d\u0937\u093e\u0924\u094d\u092e\u0915 \u0930\u094b\u091f\u0947\u0936\u0928 \u0914\u0930 \u0909\u091a\u094d\u091a \u092c\u0940\u091f\u093e \u092a\u0930\u093f\u0938\u0902\u092a\u0924\u094d\u0924\u093f\u092f\u094b\u0902 \u092a\u0930 \u0926\u0902\u0921\u0964<\/li>\n<li><strong>\u0915\u092e\u094b\u0921\u093f\u091f\u0940\u091c\u093c:<\/strong> \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0906\u0936\u094d\u0930\u092f \u0915\u0947 \u0930\u0942\u092a \u092e\u0947\u0902 \u0938\u094b\u0928\u093e \u0932\u093e\u092d\u093e\u0928\u094d\u0935\u093f\u0924 \u0939\u094b\u0924\u093e \u0939\u0948; \u092f\u0926\u093f \u0928\u093f\u0930\u094d\u092f\u093e\u0924 \u092e\u0947\u0902 \u0935\u094d\u092f\u0935\u0927\u093e\u0928 \u0939\u094b\u0924\u093e \u0939\u0948 \u0924\u094b \u0924\u0947\u0932 \u091c\u094b\u0916\u093f\u092e \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u092c\u0928\u093e\u090f \u0930\u0916 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/li>\n<li><strong>\u092e\u0947\u0930\u093e \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b:<\/strong> \u0935\u093f\u0935\u093f\u0927\u0940\u0915\u0930\u0923 (\u0938\u094b\u0928\u093e, \u0938\u094d\u0935\u093e\u0938\u094d\u0925\u094d\u092f, REIT) \u0915\u0947 \u0915\u093e\u0930\u0923 \u0905\u092a\u0947\u0915\u094d\u0937\u093e\u0915\u0943\u0924 \u092c\u0947\u0939\u0924\u0930 \u0930\u0915\u094d\u0937\u093e, \u0915\u093f\u0902\u0924\u0941 \u091f\u0947\u0915 \u0914\u0930 \u0909\u092d\u0930\u0924\u0947 \u092c\u093e\u091c\u093e\u0930\u094b\u0902 \u0915\u094b \u0909\u092c\u0930\u0928\u0947 \u092e\u0947\u0902 \u0905\u0927\u093f\u0915 \u0938\u092e\u092f \u0932\u0917 \u0938\u0915\u0924\u093e \u0939\u0948\u0964<\/li>\n<\/ul>\n<hr>\n<p><a name=\"6\"><\/a><\/p>\n<h2>6. \u092e\u0948\u0902 \u0915\u094d\u092f\u093e \u092e\u0949\u0928\u093f\u091f\u0930 \u0915\u0930 \u0930\u0939\u093e \u0939\u0942\u0901 (\u092a\u0930\u093f\u091a\u093e\u0932\u0928 \u091a\u0947\u0915\u0932\u093f\u0938\u094d\u091f)<\/h2>\n<ul>\n<li><strong>\u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0928\u093f\u0937\u094d\u092a\u093e\u0926\u0928 \u092c\u0928\u093e\u092e \u092c\u092f\u093e\u0928\u092c\u093e\u091c\u093c\u0940:<\/strong> \u0938\u0902\u0938\u094d\u0925\u093e\u0928\u094b\u0902 \u0914\u0930 \u0936\u093e\u0938\u0928 \u092e\u0947\u0902 \u092a\u094d\u0930\u092d\u093e\u0935\u0940 \u0928\u093f\u092f\u0902\u0924\u094d\u0930\u0923 \u0915\u0947 \u0938\u0902\u0915\u0947\u0924, \u092f\u093e \u0926\u0940\u0930\u094d\u0918\u0915\u093e\u0932\u093f\u0915 \u0935\u093f\u0935\u093e\u0926 \u0915\u0947 \u0938\u0902\u0915\u0947\u0924\u0964<\/li>\n<li><strong>\u0924\u0947\u0932 (Brent\/WTI):<\/strong> \u0926\u093f\u0936\u093e \u0914\u0930 \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e, \u0924\u0925\u093e \u0915\u094d\u092f\u093e \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927, \u0905\u0935\u0930\u094b\u0927 \u092f\u093e \u0932\u0949\u091c\u093f\u0938\u094d\u091f\u093f\u0915 \u0935\u094d\u092f\u0935\u0927\u093e\u0928 \u0915\u0947 \u0938\u0902\u0915\u0947\u0924 \u0939\u0948\u0902\u0964<\/li>\n<li><strong>\u0938\u094b\u0928\u093e:<\/strong> \u0915\u094d\u092f\u093e \u092f\u0939 \u201c\u0915\u094d\u0937\u0923\u093f\u0915 \u0938\u0941\u0930\u0915\u094d\u0937\u093f\u0924 \u0906\u0936\u094d\u0930\u092f\u201d \u0915\u0940 \u091a\u093e\u0932 \u0939\u0948 \u092f\u093e \u090f\u0915 \u091f\u093f\u0915\u093e\u090a \u091c\u094b\u0916\u093f\u092e \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e\u0964<\/li>\n<li><strong>\u0926\u0940\u0930\u094d\u0918\u0915\u093e\u0932\u093f\u0915 \u0926\u0930\u0947\u0902 \u0914\u0930 \u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0926\u0930\u0947\u0902:<\/strong> REITs, growth \u0914\u0930 \u091f\u0947\u0915 \u092e\u0942\u0932\u094d\u092f\u093e\u0902\u0915\u0928 \u0915\u0947 \u0932\u093f\u090f \u092a\u094d\u0930\u092e\u0941\u0916\u0964<\/li>\n<li><strong>\u0909\u092d\u0930\u0924\u0947 \u092c\u093e\u091c\u093e\u0930\u094b\u0902 \u0915\u0940 \u0913\u0930 \u092a\u094d\u0930\u0935\u093e\u0939 (EM \u091c\u094b\u0916\u093f\u092e):<\/strong> \u0915\u094d\u092f\u093e SCHE \u092a\u0930 \u0928\u093f\u0915\u093e\u0938\u0940 \u0915\u093e \u0926\u092c\u093e\u0935 \u0939\u0948 \u092f\u093e risk-on \u0915\u0947 \u0938\u093e\u0925 \u0930\u093f\u0915\u0935\u0930\u0940 \u0939\u094b\u0924\u0940 \u0939\u0948\u0964<\/li>\n<li><strong>\u0915\u0942\u091f\u0928\u0940\u0924\u093f\u0915 \u0938\u0941\u0930\u094d\u0916\u093f\u092f\u093e\u0901:<\/strong> escalation \u092f\u093e, \u0907\u0938\u0915\u0947 \u0935\u093f\u092a\u0930\u0940\u0924, \u0938\u0902\u0915\u094d\u0930\u092e\u0923 \u0915\u093e \u0935\u093f\u0936\u094d\u0935\u0938\u0928\u0940\u092f \u0915\u0948\u0932\u0947\u0902\u0921\u0930\u0964<\/li>\n<li><strong>\u0915\u094d\u0930\u093f\u092a\u094d\u091f\u094b\u2013Nasdaq \u0938\u0939\u0938\u0902\u092c\u0902\u0927:<\/strong> \u092f\u0939 \u0938\u092e\u091d\u0928\u0947 \u0915\u0947 \u0932\u093f\u090f \u0915\u093f BTC\/ETH \u0936\u0941\u0926\u094d\u0927 \u091c\u094b\u0916\u093f\u092e \u0915\u0940 \u0924\u0930\u0939 \u0915\u093e\u0930\u094d\u092f \u0915\u0930 \u0930\u0939\u0947 \u0939\u0948\u0902 \u092f\u093e \u0935\u0948\u0915\u0932\u094d\u092a\u093f\u0915 \u0939\u0947\u091c \u0915\u0947 \u0930\u0942\u092a \u092e\u0947\u0902\u0964<\/li>\n<\/ul>\n<hr>\n<p><a name=\"7\"><\/a><\/p>\n<h2>7. \u0928\u093f\u0937\u094d\u0915\u0930\u094d\u0937<\/h2>\n<p>\u092e\u0947\u0930\u0940 \u0935\u094d\u092f\u093e\u0935\u0939\u093e\u0930\u093f\u0915 \u0928\u093f\u0937\u094d\u0915\u0930\u094d\u0937 \u0938\u0930\u0932 \u0939\u0948: \u092e\u0947\u0930\u0940 \u092a\u094b\u091c\u093c\u093f\u0936\u0928\u094b\u0902 \u092a\u0930 \u092a\u094d\u0930\u0924\u094d\u092f\u0915\u094d\u0937 \u092a\u094d\u0930\u092d\u093e\u0935 \u0938\u0940\u092e\u093f\u0924 \u0939\u0948, \u0915\u093f\u0902\u0924\u0941 \u0905\u092a\u094d\u0930\u0924\u094d\u092f\u0915\u094d\u0937 \u092a\u094d\u0930\u092d\u093e\u0935 \u0905\u0938\u094d\u0925\u093f\u0930\u0924\u093e, \u0924\u0947\u0932, \u0938\u094b\u0928\u093e \u0914\u0930 \u0909\u092d\u0930\u0924\u0947 \u092c\u093e\u091c\u093e\u0930\u094b\u0902 \u0915\u0940 \u0913\u0930 \u092a\u094d\u0930\u0935\u093e\u0939 \u0915\u0947 \u092e\u093e\u0927\u094d\u092f\u092e \u0938\u0947 \u092e\u0939\u0924\u094d\u0935\u092a\u0942\u0930\u094d\u0923 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948\u0964 \u091c\u0928\u0935\u0930\u0940 \u092e\u0947\u0902 \u092a\u094d\u0930\u093e\u0925\u092e\u093f\u0915\u0924\u093e \u0938\u0941\u0930\u094d\u0916\u093f\u092f\u094b\u0902 \u092a\u0930 \u0905\u0924\u093f-\u092a\u094d\u0930\u0924\u093f\u0915\u094d\u0930\u093f\u092f\u093e \u0928 \u0915\u0930\u0928\u093e \u0914\u0930 \u092f\u0939 \u0926\u0947\u0916\u0928\u093e \u0939\u0948 \u0915\u093f \u0918\u091f\u0928\u093e \u0928\u093f\u092f\u0902\u0924\u094d\u0930\u093f\u0924 \u0939\u094b\u0924\u0940 \u0939\u0948 \u092f\u093e \u092c\u0922\u093c\u0924\u0940 \u0939\u0948\u0964 \u0924\u093f\u092e\u093e\u0939\u0940 \u092e\u0947\u0902 \u092a\u094d\u0930\u0936\u094d\u0928 \u092e\u0948\u0915\u094d\u0930\u094b \u092c\u0928 \u091c\u093e\u0924\u093e \u0939\u0948: \u092f\u0926\u093f \u091c\u094b\u0916\u093f\u092e \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0939\u094b\u0924\u093e \u0939\u0948, \u0924\u094b \u092e\u0947\u0930\u093e growth \u092c\u094d\u0932\u0949\u0915 \u0914\u0930 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 ETFs \u092e\u091c\u093c\u092c\u0942\u0924\u0940 \u0938\u0947 \u0930\u093f\u0915\u0935\u0930 \u0915\u0930\u0928\u0947 \u091a\u093e\u0939\u093f\u090f; \u092f\u0926\u093f \u0928\u0939\u0940\u0902, \u0924\u094b \u0938\u094b\u0928\u093e, \u0938\u094d\u0935\u093e\u0938\u094d\u0925\u094d\u092f \u0914\u0930 REIT \u0905\u092a\u0928\u0947 \u0915\u0941\u0936\u0928 \u0915\u093e \u0915\u093e\u0930\u094d\u092f \u0915\u0930\u0924\u0947 \u0939\u0948\u0902, \u091c\u092c\u0915\u093f \u090a\u0930\u094d\u091c\u093e \u0935\u093e\u0938\u094d\u0924\u0935\u093f\u0915 \u0935\u094d\u092f\u0935\u0927\u093e\u0928 \u0939\u094b\u0928\u0947 \u092a\u0930 \u091c\u094b\u0916\u093f\u092e \u092a\u094d\u0930\u0940\u092e\u093f\u092f\u092e \u0915\u0947 \u0938\u093e\u0925 \u091a\u0932 \u0938\u0915\u0924\u0940 \u0939\u0948\u0964<\/p>\n<p><strong>\u091c\u094b\u0916\u093f\u092e \u0938\u0942\u091a\u0928\u093e:<\/strong><br \/>\n\u0906\u092a\u0915\u0940 \u092a\u0942\u0902\u091c\u0940 \u091c\u094b\u0916\u093f\u092e \u092e\u0947\u0902 \u0939\u0948\u0964 \u092a\u093f\u091b\u0932\u093e \u092a\u094d\u0930\u0926\u0930\u094d\u0936\u0928 \u092d\u0935\u093f\u0937\u094d\u092f \u0915\u0947 \u092a\u0930\u093f\u0923\u093e\u092e\u094b\u0902 \u0915\u0940 \u0917\u093e\u0930\u0902\u091f\u0940 \u0928\u0939\u0940\u0902 \u0926\u0947\u0924\u093e\u0964 \u092f\u0939 \u0935\u093f\u0936\u094d\u0932\u0947\u0937\u0923 \u0936\u0948\u0915\u094d\u0937\u093f\u0915 \u0939\u0948 \u0914\u0930 \u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f\u094b\u0902 \u0915\u094b \u0926\u0930\u094d\u0936\u093e\u0924\u093e \u0939\u0948, \u0928 \u0915\u093f \u0928\u093f\u0936\u094d\u091a\u093f\u0924\u0924\u093e\u0913\u0902 \u0915\u094b\u0964<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u092e\u0947\u0930\u0947 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b \u092a\u0930 \u092e\u093e\u0926\u0941\u0930\u094b \u0915\u0940 \u0917\u093f\u0930\u092b\u094d\u0924\u093e\u0930\u0940 \u0915\u093e \u0938\u0902\u092d\u093e\u0935\u093f\u0924 \u092a\u094d\u0930\u092d\u093e\u0935: \u091c\u0928\u0935\u0930\u0940 \u0914\u0930 \u092a\u094d\u0930\u0925\u092e \u0924\u093f\u092e\u093e\u0939\u0940 \u0915\u0947 \u0932\u093f\u090f \u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f \u092f\u0939 \u0932\u0947\u0916 \u090f\u0915 \u0938\u093e\u092e\u0930\u093f\u0915 (\u091c\u0928\u0935\u0930\u0940 2026) \u0924\u0925\u093e \u092e\u0927\u094d\u092f\u092e \u0905\u0935\u0927\u093f (\u0906\u0917\u093e\u092e\u0940 3 \u092e\u093e\u0939) \u0915\u0940 \u0935\u094d\u092f\u093e\u0916\u094d\u092f\u093e \u092a\u094d\u0930\u0938\u094d\u0924\u0941\u0924 \u0915\u0930\u0924\u093e \u0939\u0948 \u0915\u093f \u0928\u093f\u0915\u094b\u0932\u0938 \u092e\u093e\u0926\u0941\u0930\u094b \u0915\u0940 \u0917\u093f\u0930\u092b\u094d\u0924\u093e\u0930\u0940, \u0924\u0925\u093e \u0938\u0902\u0915\u094d\u0930\u092e\u0923 \u0915\u0947 \u0926\u094c\u0930\u093e\u0928 \u0905\u092e\u0947\u0930\u093f\u0915\u093e \u0926\u094d\u0935\u093e\u0930\u093e \u201c\u0928\u093f\u092f\u0902\u0924\u094d\u0930\u0923 \u0938\u0902\u092d\u093e\u0932\u0928\u0947\u201d \u0915\u0947 \u0938\u0902\u0915\u0947\u0924 \u0915\u0947 \u0938\u093e\u0925, \u0915\u093f\u0938 \u092a\u094d\u0930\u0915\u093e\u0930 \u090f\u0915 \u0935\u093f\u0935\u093f\u0927\u0940\u0915\u0943\u0924 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[74],"tags":[],"class_list":["post-1895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-hi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u092e\u0947\u0930\u0947 \u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b \u092a\u0930 \u092e\u093e\u0926\u0941\u0930\u094b \u0915\u0940 \u0917\u093f\u0930\u092b\u094d\u0924\u093e\u0930\u0940 \u0915\u093e \u0938\u0902\u092d\u093e\u0935\u093f\u0924 \u092a\u094d\u0930\u092d\u093e\u0935: \u091c\u0928\u0935\u0930\u0940 \u0914\u0930 \u092a\u094d\u0930\u0925\u092e \u0924\u093f\u092e\u093e\u0939\u0940 \u0915\u0947 \u0932\u093f\u090f \u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f - Investor Insight<\/title>\n<meta name=\"description\" content=\"\u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b \u092a\u0930 \u092e\u093e\u0926\u0941\u0930\u094b \u0915\u0940 \u0917\u093f\u0930\u092b\u094d\u0924\u093e\u0930\u0940 \u0915\u0947 \u092a\u094d\u0930\u092d\u093e\u0935 \u0915\u093e \u0935\u093f\u0936\u094d\u0932\u0947\u0937\u0923: \u0924\u0947\u0932, \u0938\u094b\u0928\u093e, \u091f\u0947\u0915 \u0914\u0930 \u0909\u092d\u0930\u0924\u0947 \u092c\u093e\u091c\u093e\u0930\u0964 \u091c\u0928\u0935\u0930\u0940 \u0914\u0930 \u092a\u094d\u0930\u0925\u092e 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\u092a\u094d\u0930\u092d\u093e\u0935: \u091c\u0928\u0935\u0930\u0940 \u0914\u0930 \u092a\u094d\u0930\u0925\u092e \u0924\u093f\u092e\u093e\u0939\u0940 \u0915\u0947 \u0932\u093f\u090f \u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f\" \/>\n<meta name=\"twitter:description\" content=\"\u0935\u0948\u0936\u094d\u0935\u093f\u0915 \u092a\u094b\u0930\u094d\u091f\u092b\u094b\u0932\u093f\u092f\u094b \u092a\u0930 \u092e\u093e\u0926\u0941\u0930\u094b \u0915\u0940 \u0917\u093f\u0930\u092b\u094d\u0924\u093e\u0930\u0940 \u0915\u0947 \u092a\u094d\u0930\u092d\u093e\u0935 \u0915\u093e \u0935\u093f\u0936\u094d\u0932\u0947\u0937\u0923: \u0924\u0947\u0932, \u0938\u094b\u0928\u093e, \u091f\u0947\u0915 \u0914\u0930 \u0909\u092d\u0930\u0924\u0947 \u092c\u093e\u091c\u093e\u0930\u0964 \u091c\u0928\u0935\u0930\u0940 \u0914\u0930 \u092a\u094d\u0930\u0925\u092e \u0924\u093f\u092e\u093e\u0939\u0940 \u0915\u0947 \u0932\u093f\u090f \u092a\u0930\u093f\u0926\u0943\u0936\u094d\u092f\u0964\" \/>\n<meta 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