Mr Major said risk appetite was looking increasingly fragile and fund managers who reached their benchmark return might well be inclined to "park" some capital in precious metal ETFs.

梅杰表示，风险偏好看上去日趋脆弱，已经实现基准回报率的基金经理，很可能倾向于把一部分资金“存放于”贵金属ETF中。

youdao

Mr Major said risk appetite was looking increasingly fragile and fund managers who reached their benchmark return might well be inclined to “park” some capital in precious metal ETFs.

梅杰表示，风险偏好看上去日趋脆弱，已经实现基准回报率的基金经理，很可能倾向于把一部分资金“存放于”贵金属ETF中。

youdao

There are leveraged ETFs which offer a geared return on a given index, inverse ETFs which aim to go down when a benchmark goes up (and vice versa) and, inevitably, leveraged inverse ETFs.

也有杠杆式EFTs，在给定的指数上提供一个反向的收益，使ETFs逆转，即当基准上升时EFTs有下降的趋势（反之亦然），不可避免地，举债经营逆转ETFs。

youdao

Over the three months through the end of June, the fund has returned 2.64%, compared to the benchmark return of 1.84%.

WSJ: Pimco Bond King Bill Gross Regains Investor Favor

Over the past 15 years, the bond fund has returned 7.39%, compared to the 6.26% return on the benchmark.

WSJ: Pimco Bond King Bill Gross Regains Investor Favor

The fund has beaten 96% of its rivals so far this year, a sharp reversal from last year, when its 4.16% return trailed nearly 90% of its peers and was below the 7.84% return on the benchmark.

WSJ: Pimco Bond King Bill Gross Regains Investor Favor