{"id":37634,"date":"2022-08-23T10:32:28","date_gmt":"2022-08-23T01:32:28","guid":{"rendered":"https:\/\/www.trustonasset.com\/?post_type=ta_fund&#038;p=37634"},"modified":"2026-05-13T09:00:21","modified_gmt":"2026-05-13T00:00:21","slug":"%eb%a7%a4%ed%81%ac%eb%a1%9c%ec%b1%84%ea%b6%8c%ec%a0%84%eb%9e%b5%ec%b1%84%ea%b6%8c","status":"publish","type":"ta_fund","link":"https:\/\/www.trustonasset.com\/?ta_fund=%eb%a7%a4%ed%81%ac%eb%a1%9c%ec%b1%84%ea%b6%8c%ec%a0%84%eb%9e%b5%ec%b1%84%ea%b6%8c","title":{"rendered":"\ud2b8\ub7ec\uc2a4\ud1a4 \ub9e4\ud06c\ub85c\ucc44\uad8c\uc804\ub7b5 \uc99d\uad8c\ud22c\uc790\uc2e0\ud0c1[\ucc44\uad8c]"},"content":{"rendered":"<p class=\"green-sub-intro bold ma-t10\"><span style=\"color: green\">\uc6b4\uc6a9\uc804\ub7b5 <\/span><\/p>\n<div class=\"w100pro bd-b ma-b07\"><\/div>\n<p><span class=\"f10 f085\">\uc774 \ud22c\uc790\uc2e0\ud0c1\uc740 \ud22c\uc790\uc2e0\ud0c1\uc7ac\uc0b0\uc758 60% \uc774\uc0c1\uc744 \uad6d\ub0b4 \ucc44\uad8c\uc5d0 \ud22c\uc790\ud558\uace0, \ub9e4\ud06c\ub85c(\uacbd\uae30, \ubb3c\uac00 \ub4f1) \uad6d\uba74\uacfc \uc815\ucc45 \ubcc0\ud654\uc5d0 \ub530\ub77c \uc548\uc815\uc131\uacfc \uc218\uc775\uc131 \uce21\uba74\uc5d0\uc11c<\/span><br \/>\n<span class=\"f10 f085\">\ucd5c\uc120\uc774\ub77c\uace0 \ud310\ub2e8\ub418\ub294 \ucc44\uad8c \uc139\ud130(\ub2e4\uc591\ud55c \ub9cc\uae30\ubcc4 \uc139\ud130, \uad6d\uacf5\ucc44 \ubfd0\ub9cc \uc544\ub2c8\ub77c \uc2e0\uc6a9\ub4f1\uae09 A- \uc774\uc0c1\uc758 \uc740\ud589\ucc44\/\uc5ec\uc804\ucc44\/\ud68c\uc0ac\ucc44 \ub4f1<\/span><br \/>\n<span class=\"f10 f085\">\ub2e4\uc591\ud55c \ubc1c\ud589\uc8fc\uccb4\ubcc4 \uc139\ud130, \uace0\uc815\uae08\ub9ac\/\ubcc0\ub3d9\uae08\ub9ac \ub4f1 \ub2e4\uc591\ud55c \uc774\uc790\uc9c0\uae09\ubc29\ubc95\ubcc4 \uc139\ud130 \ub4f1)\uc5d0\uc801\uadf9\uc801\uc73c\ub85c \ubc30\ubd84\ud558\uc5ec \ucd1d\uc218\uc775\uc744 \ub192\uc774\ub294 \uac83\uc744 \ucd94\uad6c\ud569\ub2c8\ub2e4.<\/span><\/p>\n<p class=\"f095 ma-t05 color-gray bold ck-dot pa-r05\">\ub4c0\ub808\uc774\uc158 \uc804\ub7b5<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \ub9e4\ud06c\ub85c(\uac70\uc2dc\uacbd\uc81c) \uc0c1\ud669\uc744 \ub098\ud0c0\ub0b4\ub294 \ud380\ub354\uba58\ud138(\uacbd\uae30, \ubb3c\uac00, \uc18c\ube44\/\uc0dd\uc0b0, \ud22c\uc790, \uc218\ucd9c, \uace0\uc6a9 \ub4f1) \uc9c0\ud45c\ub4e4\uc744 \ub9e4\uc8fc \uc8fc\uc694\uad6d(\ud55c\uad6d, \ubbf8\uad6d, \uc720\ub7fd, \uc77c\ubcf8, \uc911\uad6d) \uc911\uc2ec\uc73c\ub85c \uc815\ub7c9\uc801 \ubc0f \uc815\uc131\uc801 \ubd84\uc11d<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \uc8fc\uc694\uad6d \ud1b5\ud654 \ubc0f \uc7ac\uc815\uc815\ucc45\uc774 \ud604\uc7ac\uc640 \ubbf8\ub798 \uc2dc\uc810\uc5d0 \ub9e4\ud06c\ub85c \uc0c1\ud669\uc5d0 \ub530\ub77c \uc5b4\ub5a4 \ubc29\ud5a5\uc131\uacfc \ubcc0\ud654\ub97c \uac00\uc838\uc62c\uc9c0\uc5d0 \ub300\ud574 \uc2dc\uc7a5 \ucee8\uc13c\uc11c\uc2a4\uc640 \ub9e4\ud06c\ub85c \ubd84\uc11d\uc744 \uae30\ubc18\uc73c\ub85c \ubc18\uc601 \uc815\ub3c4\uc640 \uad34\ub9ac \uc815\ub3c4\ub97c \ubd84\uc11d<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \ub9e4\ud06c\ub85c\uc640 \uc815\ucc45\uc5d0 \ub300\ud55c \ubd84\uc11d\uc744 \ubc14\ud0d5\uc73c\ub85c \ucc44\uad8c \uc218\uae09 \uc0c1 \ud604\uc7ac \uc0c1\ud669\uacfc \ud5a5\ud6c4 \ubcc0\uc218\ub4e4\uc774 \ubbf8\uce60 \uc601\ud5a5\ub825\uc744 \uacf5\uae09(\ucc44\uad8c\ubc1c\ud589)\uacfc \uc218\uc694(\ucc44\uad8c\ud22c\uc790\uc790 \ub3d9\ud5a5) \uce21\uba74\uc5d0\uc11c \ub098\ub204\uc5b4 \ubd84\uc11d<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \ub9e4\ud06c\ub85c, \uc815\ucc45, \uc218\uae09\uc5d0 \ub300\ud55c \uc885\ud569\uc801 \uc815\ub7c9\uc801 \ubd84\uc11d \ucc28\uc6d0\uc5d0\uc11c \ucc44\uad8c\uc2dc\uc7a5\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\ub294 \uc8fc\uc694 10\uac1c \ubcc0\uc218\uc758 \uc2e0\ud638 \ubaa8\ud615(Signal Model)\uc744 \ud65c\uc6a9\ud558\uc5ec \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \ub4c0\ub808\uc774\uc158 \uc870\uc808\uc2dc \ucc38\uace0<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \ube44\uad50\uc9c0\uc218\ub97c \ucd94\uc885\ud558\uc9c0 \uc54a\uace0, \ub9e4\ud06c\ub85c \uad6d\uba74\uacfc \uc815\ucc45 \ubcc0\ud654\uc5d0 \ub530\ub77c \uc548\uc815\uc131\uacfc \uc218\uc775\uc131 \uce21\uba74\uc5d0\uc11c \ucd5c\uc120\uc774\ub77c\uace0 \ud310\ub2e8\ub418\ub294 \ucc44\uad8c \uc139\ud130\uc5d0 \uc801\uadf9\uc801\uc73c\ub85c \ubc30\ubd84\ud558\uc5ec \ucd1d\uc218\uc775\uc744 \ub192\uc774\ub294 \uc804\ub7b5\uc774\ubbc0\ub85c,<br \/>\n\ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uac00\uc911 \ud3c9\uade0 \ub4c0\ub808\uc774\uc158\uc740 \uad6d\uba74\uc5d0 \ub530\ub77c \ub9cc\uae30\uac00 \uc9e7\uc740 \ucc44\uad8c \ub610\ub294 \ubcc0\ub3d9\uae08\ub9ac\ucc44 \ubc30\ubd84 \ube44\uc911\uc774 \ub192\uc544\uc9c0\uba74 \ube44\uad50\uc9c0\uc218\ubcf4\ub2e4 \ud06c\uac8c \uc9e7\uc744 \uc218 \uc788\uace0, \ub9cc\uae30\uac00 \uae34 \ucc44\uad8c \ube44\uc911\uc774 \ub192\uc544\uc9c0\uba74 \ube44\uad50\uc9c0\uc218\ubcf4\ub2e4 \ud06c\uac8c \ub298\uc5b4\ub0a0 \uc218 \uc788\uc74c<\/p>\n<p>&nbsp;<\/p>\n<p class=\"f095 ma-t05 color-gray bold ck-dot pa-r05\">\uc77c\ub4dc \ucee4\ube0c \uc804\ub7b5<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \uc0c1\uc77c\ub4dc \ucee4\ube0c(Yield Curve, \ub610\ub294 \uc218\uc775\ub960 \uace1\uc120) \uc804\ub7b5\uc740 \ud380\ub354\uba58\ud138\uacfc \uc815\ucc45 \ub4f1 \ub9e4\ud06c\ub85c \uc0c1\ud669\uc5d0 \ub300\ud55c \ubd84\uc11d\uc744 \ubc14\ud0d5\uc73c\ub85c \ucd1d\uc218\uc775\uc758 \uc548\uc815\uc131\uacfc \uc218\uc775\uc131 \uce21\uba74\uc5d0\uc11c \ud22c\uc790\uc5d0 \uc801\uc808\ud55c \ub9cc\uae30\ub97c \ud310\ub2e8\ud558\uc5ec \ub9cc\uae30\ubcc4 \ubc30\ubd84 \ube44\uc911\uc744 \uc870\uc808\ud558\ub294 \uc804\ub7b5<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \uc774\ub97c \uc704\ud574 \uc8fc\uc694\uad6d \ud1b5\ud654\uc815\ucc45\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uae30\ub300\ub97c \ub098\ud0c0\ub0b4\ub294 \ub0b4\uc7ac\uc120\ub3c4\uae08\ub9ac(Implied forward rate) \uc0c1 \uc7a5\ub2e8\uae30 \uae08\ub9ac\ucc28(\uc2a4\ud504\ub808\ub4dc)\uc640 \ucc44\uad8c \ud604\ubb3c\uc758 \uc7a5\ub2e8\uae30 \uae08\ub9ac\ucc28 \uc0ac\uc774\uc758 \uad34\ub9ac \uc815\ub3c4, \ub2e8\uae30-\uc911\uae30-\uc7a5\uae30\uc218\uc775\ub960 \uc0c1\ucc28\uc774\ub97c \ube44\uad50\ud558\ub294\u00a0 \u00a0 \u00a0 \ubc84\ud130\ud50c\ub77c\uc774 \ub9e4\ub825\ub3c4 \uce21\uc815, \ud604\uc7ac \uae30\uc900\uae08\ub9ac \uc218\uc900 \ubc0f \ub0b4\uc7ac\uc120\ub3c4\uae30\uc900\uae08\ub9ac \uc218\uc900 \ub300\ube44 \uc7a5\ub2e8\uae30 \uc2a4\ud504\ub808\ub4dc, \uc7ac\uc815\uc815\ucc45\uacfc \uad6d\uace0\ucc44 \uc785\ucc30 \ub4f1 \uc218\uae09 \ubcc0\ub3d9 \uc694\uc778 \ub4f1 \uc5ec\ub7ec \uc694\uc778\uc744 \uc885\ud569\uc801\uc73c\ub85c \ubd84\uc11d\ud558\uc5ec \ub9cc\uae30\ubcc4 \ubc30\ubd84 \ube44\uc911\uc744 \uc870\uc808<\/p>\n<p>&nbsp;<\/p>\n<p class=\"f095 ma-t05 color-gray bold ck-dot pa-r05\">\ud06c\ub808\ub527 \uc804\ub7b5<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \uc2e0\uc6a9\ub4f1\uae09 A- \uc774\uc0c1\uc758 \ubc1c\ud589\uc8fc\uccb4\ub97c \ub300\uc0c1\uc73c\ub85c \ud558\uc5ec, \uc815\uae30 \uc815\ub7c9\uc801 \ubd84\uc11d(\uc7ac\ubb34\ube44\uc728 \uadfc\uac70 \uc2a4\ucf54\uc5b4\ub9c1 \ub4f1), \uc218\uc2dc \uc815\uc131\ubd84\uc11d(\uc5c5\ud669, \uc2dc\uc7a5\uc9c0\uc704, \uc0c1\ud658\ub2a5\ub825 \ub4f1 \ud3c9\uac00), \ucc44\uad8c\ud22c\uc790\uc804\ub7b5\uc704\uc6d0\ud68c\uc5d0\uc11c \uc2e4\uc801 \ub4f1 \uacf5\uc2dc, \ubc1c\ud589\/\uc720\ud1b5\/\ub9cc\uae30,<br \/>\n\uc2e0\uc6a9\ub4f1\uae09 \ud2b8\ub9ac\uac70 \uc694\uc778 \ub4f1 \uc885\ud569 \ubc18\uc601\ud558\uc5ec, \ubc1c\ud589\uc8fc\uccb4\ubcc4 \ud22c\uc790 \ub9cc\uae30\ub85c \uad6c\uc131\ub41c \ud06c\ub808\ub527 \uc720\ub2c8\ubc84\uc2a4\ub97c \uad00\ub9ac<\/p>\n<p class=\"f095 ma-t05 color-gray bold ck-dot pa-r05\">\uc0c1\ub300\uac00\uce58 \uc804\ub7b5<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \uad6d\ucc44\uc120\ubb3c \uc774\ub860\uac00\uaca9\uc758 \uc800\ud3c9\uac00\/\uace0\ud3c9\uac00 \uc5ec\ubd80, \uad6d\uace0\ucc44 \ub9cc\uae30\ubcc4 \uc885\ubaa9\ub4e4\ub85c \ucd94\uc815\ud55c \uc801\uc815\uc218\uc775\ub960\uace1\uc120 \ub300\ube44 \uc800\ud3c9\uac00\/\uace0\ud3c9\uac00 \uc5ec\ubd80, \ubb3c\uac00\uc5f0\ub3d9\uad6d\uace0\ucc44\uc758 \ubd84\uc11d \uc0c1 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218 \uc608\uc0c1 \uacbd\ub85c \ub300\ube44 \uc800\ud3c9\uac00\/\uace0\ud3c9\uac00 \uc5ec\ubd80,<br \/>\n\ubcc0\ub3d9\uae08\ub9ac\ucc44 \ub610\ub294 \uc790\uc0b0\uc720\ub3d9\ud654\uc99d\uad8c \ub4f1\uc774 \ub9e4\ud06c\ub85c \ubcc0\ud654\ub97c \uc801\uc808\ud788 \ubc18\uc601\ud558\uace0 \uc788\ub294\uc9c0 \ub4f1\uc744 \ud3c9\uac00<\/p>\n<p class=\"f09 pa-l20 ma-t05 color-gray pa-r05\">&#8211; \uc800\ud3c9\uac00\ub41c \uc885\ubaa9\uc740 \uc77c\ubd80 \ube44\uc911\uc744 \ud655\ub300\ud558\uace0, \uace0\ud3c9\uac00\ub41c \uc885\ubaa9\uc740 \uc77c\ubd80 \ube44\uc911\uc744 \ucd95\uc18c\ud558\ub294 \ub4f1 \uc801\uc808\ud55c \ud22c\uc790 \ubc30\ubd84\ube44\uc728 \uc870\uc808\uc744 \ud1b5\ud574 \ucd1d\uc218\uc775 \ubc29\uc5b4\uc640 \uc81c\uace0\uc5d0 \ud65c\uc6a9<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc6b4\uc6a9\uc804\ub7b5 \uc774 \ud22c\uc790\uc2e0\ud0c1\uc740 \ud22c\uc790\uc2e0\ud0c1\uc7ac\uc0b0\uc758 60% \uc774\uc0c1\uc744 \uad6d\ub0b4 \ucc44\uad8c\uc5d0 \ud22c\uc790\ud558\uace0, \ub9e4\ud06c\ub85c(\uacbd\uae30, \ubb3c\uac00 \ub4f1) \uad6d\uba74\uacfc \uc815\ucc45 \ubcc0\ud654\uc5d0 \ub530\ub77c \uc548\uc815\uc131\uacfc \uc218\uc775\uc131 \uce21\uba74\uc5d0\uc11c \ucd5c\uc120\uc774\ub77c\uace0 \ud310\ub2e8\ub418\ub294 \ucc44\uad8c \uc139\ud130(\ub2e4\uc591\ud55c \ub9cc\uae30\ubcc4 \uc139\ud130, \uad6d\uacf5\ucc44 \ubfd0\ub9cc \uc544\ub2c8\ub77c \uc2e0\uc6a9\ub4f1\uae09 A- \uc774\uc0c1\uc758 \uc740\ud589\ucc44\/\uc5ec\uc804\ucc44\/\ud68c\uc0ac\ucc44 \ub4f1 \ub2e4\uc591\ud55c \ubc1c\ud589\uc8fc\uccb4\ubcc4 \uc139\ud130, \uace0\uc815\uae08\ub9ac\/\ubcc0\ub3d9\uae08\ub9ac \ub4f1 \ub2e4\uc591\ud55c \uc774\uc790\uc9c0\uae09\ubc29\ubc95\ubcc4 \uc139\ud130 \ub4f1)\uc5d0\uc801\uadf9\uc801\uc73c\ub85c \ubc30\ubd84\ud558\uc5ec \ucd1d\uc218\uc775\uc744 \ub192\uc774\ub294 \uac83\uc744 \ucd94\uad6c\ud569\ub2c8\ub2e4. \ub4c0\ub808\uc774\uc158 \uc804\ub7b5 &#8211; \ub9e4\ud06c\ub85c(\uac70\uc2dc\uacbd\uc81c) \uc0c1\ud669\uc744 \ub098\ud0c0\ub0b4\ub294 \ud380\ub354\uba58\ud138(\uacbd\uae30, \ubb3c\uac00, [&hellip;]<\/p>\n","protected":false},"featured_media":43431,"template":"","ta_fund_cat":[31],"class_list":["post-37634","ta_fund","type-ta_fund","status-publish","has-post-thumbnail","hentry","ta_fund_cat-31"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.trustonasset.com\/index.php?rest_route=\/wp\/v2\/ta_fund\/37634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trustonasset.com\/index.php?rest_route=\/wp\/v2\/ta_fund"}],"about":[{"href":"https:\/\/www.trustonasset.com\/index.php?rest_route=\/wp\/v2\/types\/ta_fund"}],"version-history":[{"count":4,"href":"https:\/\/www.trustonasset.com\/index.php?rest_route=\/wp\/v2\/ta_fund\/37634\/revisions"}],"predecessor-version":[{"id":45853,"href":"https:\/\/www.trustonasset.com\/index.php?rest_route=\/wp\/v2\/ta_fund\/37634\/revisions\/45853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trustonasset.com\/index.php?rest_route=\/wp\/v2\/media\/43431"}],"wp:attachment":[{"href":"https:\/\/www.trustonasset.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37634"}],"wp:term":[{"taxonomy":"ta_fund_cat","embeddable":true,"href":"https:\/\/www.trustonasset.com\/index.php?rest_route=%2Fwp%2Fv2%2Fta_fund_cat&post=37634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}