这段日子,由于美元、日元的大幅升值,携带交易(carry trade)日子不好过。
所谓携带交易,按照INVESTOPEDIA的解释,即:
A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage the investor chooses to use.
用中文简单说,就是借入低息货币,买入高息货币,在两者汇率稳定的情况下,两者的息差就归携带交易者所有——若高息货币走强,那么还将有汇率上的额外收益。
时代进步,携带交易早已不是大型对冲基金的专利了。Powershare联合德意志银行于2006年9月18日推出了Powershares DB [...]


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