2010

(1)

(
)

SMART

(2)
MTS:
1
2
MTS

(
)

(1)
- -

:()
:()
(ETF):5050

5%
10%
(ETF)30

50%

20%
(ETF)10%

1
2
6

(2)
- -

Deutsche Bank AG()BNP
Paribas AUD()4(99/10/19)

(ETF)
5050

/62(99/10/19)

(3)
- -


20%

(ETF)
10%

(1)

(ETF)()(
)

()
1

AJf20%10%
10~20%
2
(10%
)

(2)

(
)

10

(3)

2

11

(1)
()

5%
95%

10%
90

(ETF)30%
70%
70%
12

(2)
8230
4

13

(1)
SPAN50%
SPAN
SPAN

(
1)

(SPAN)50%

22

14

(2)



()

()
(230)
330330

15

(3)

1

65
87, 00064,000

45,500651,00070
32,00064,000*50
32,000()

16

10060
4030
37%(3.2
8.7)63%
47.6
3063%=47.6

17

18

()

19

20

MTS

21

(1)

(
1)(2)

(ETF)

22

(2)

(ETF)

(ETF)()
Deutsche Bank

AG()1BNP Paribas AUD(

)1

10

23

(3)

MTS

3303
30

(ETF)
(ETF)

MTS

24

(4)

MTS

25

(1)

2
2MTS

9.1123

26

(2)

5

MTS

1
(ETF)

2
(ETF)

27

(
3)MTS

28

29


()5

30

()
(1)

0.1%

0.1%

()
/
(1)

25

25

(1)

991231
31

32