{"id":1893,"date":"2025-08-08T20:05:49","date_gmt":"2025-08-08T17:05:49","guid":{"rendered":"https:\/\/doineurope.com\/?p=1893"},"modified":"2025-08-08T20:06:12","modified_gmt":"2025-08-08T17:06:12","slug":"%d8%b5%d9%86%d8%a7%d8%af%d9%8a%d9%82-%d8%a7%d9%84%d9%85%d8%a4%d8%b4%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%a8%d9%84%d8%ac%d9%8a%d9%83%d9%8a%d8%a9-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1","status":"publish","type":"post","link":"https:\/\/doineurope.com\/ar\/%d8%b5%d9%86%d8%a7%d8%af%d9%8a%d9%82-%d8%a7%d9%84%d9%85%d8%a4%d8%b4%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%a8%d9%84%d8%ac%d9%8a%d9%83%d9%8a%d8%a9-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1\/","title":{"rendered":"\u0623\u0641\u0636\u0644 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0644\u062a\u062d\u0633\u064a\u0646 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627"},"content":{"rendered":"<div class=\"content-block-1\">\n<div class=\"blogmaster-pro-container\">\n  <div class=\"content-wrapper-premium-847\">\n    <article id=\"unique-article-container-id-2847\">\n      <h1 class=\"header-elite-designation-923\">\n        \u0623\u0641\u0636\u0644 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0644\u062a\u062d\u0633\u064a\u0646 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627\n      <\/h1>\n\n      <p>\n        \u062f\u0639\u0648\u0646\u0627 \u0644\u0627 \u0646\u062f\u0648\u0631 \u062d\u0648\u0644 \u0627\u0644\u0645\u0648\u0636\u0648\u0639: \u0644\u0642\u062f \u062a\u062d\u0648\u0644 &quot;\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a&quot; \u0645\u0646 \u0645\u0645\u0627\u0631\u0633\u0629 \u0645\u062d\u062f\u0648\u062f\u0629 \u062a\u064f\u0646\u0627\u0642\u0634 \u0641\u064a \u0642\u0627\u0639\u0627\u062a \u0627\u0644\u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u062c\u0627\u0645\u0639\u064a\u0629 \u0625\u0644\u0649 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0630\u0643\u064a\u0629 \u0645\u0641\u0636\u0644\u0629 \u0644\u0639\u0634\u0631\u0627\u062a \u0627\u0644\u0622\u0644\u0627\u0641 \u0645\u0646 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646 - \u0648\u0644\u0633\u0628\u0628 \u0648\u062c\u064a\u0647. \u0639\u0646\u062f\u0645\u0627 \u0641\u062a\u062d\u062a\u064f \u062d\u0633\u0627\u0628 \u0648\u0633\u0627\u0637\u0629 \u062e\u0627\u0635 \u0628\u064a \u0644\u0623\u0648\u0644 \u0645\u0631\u0629 \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627 (\u0647\u0644 \u0643\u0627\u0646 \u0630\u0644\u0643 \u0642\u0628\u0644 \u062a\u0633\u0639 \u0623\u0648 \u0639\u0634\u0631 \u0633\u0646\u0648\u0627\u062a \u0627\u0644\u0622\u0646\u061f)\u060c \u0643\u0627\u0646\u062a \u0641\u0643\u0631\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0623\u0645\u0648\u0627\u0644\u0643 \u0627\u0644\u062a\u064a \u0643\u0633\u0628\u062a\u0647\u0627 \u0628\u0634\u0642 \u0627\u0644\u0623\u0646\u0641\u0633 \u0641\u064a \u0634\u064a\u0621 - \u062d\u0633\u0646\u064b\u0627\u060c \u062f\u0639\u0646\u0627 \u0646\u0633\u0645\u064a\u0647 &quot;\u0645\u0645\u0644\u064b\u0627&quot; - \u0645\u062b\u0644 \u0645\u062a\u062a\u0628\u0639 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0623\u0642\u0644 \u0634\u064a\u0648\u0639\u064b\u0627 \u0628\u0643\u062b\u064a\u0631. \u0623\u0645\u0627 \u0627\u0644\u0622\u0646\u060c \u0648\u0645\u0639 \u0638\u0647\u0648\u0631 \u0648\u0633\u0637\u0627\u0621 \u062c\u062f\u062f \u0643\u0644 \u0639\u0627\u0645 \u0648\u0627\u0646\u062e\u0641\u0627\u0636 \u0631\u0633\u0648\u0645 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631\u060c \u0641\u0642\u062f \u0623\u0635\u0628\u062d \u0627\u0644\u0623\u0645\u0631 \u0628\u0645\u062b\u0627\u0628\u0629 \u0637\u0642\u0648\u0633 \u0627\u0644\u0639\u0628\u0648\u0631. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u062a\u0639\u064a\u0646 \u0639\u0644\u0649 \u0645\u0639\u0638\u0645 \u0627\u0644\u0646\u0627\u0633\u060c \u0628\u0645\u0646 \u0641\u064a\u0647\u0645 \u0623\u0646\u0627\u060c \u062e\u0648\u0636 \u063a\u0645\u0627\u0631 \u062d\u0642\u0644 \u0623\u0644\u063a\u0627\u0645 \u0645\u0646 \u0627\u0644\u062a\u0639\u0642\u064a\u062f\u0627\u062a \u0627\u0644\u0636\u0631\u064a\u0628\u064a\u0629\u060c \u0648\u062d\u064a\u0631\u0629 \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a\u060c \u0648\u0627\u0644\u0646\u0642\u0627\u0634\u0627\u062a \u0627\u0644\u062a\u064a \u0644\u0627 \u062a\u0646\u062a\u0647\u064a \u062d\u0648\u0644 \u0627\u0644\u0645\u062d\u0627\u0641\u0638 &quot;\u0627\u0644\u0645\u062b\u0627\u0644\u064a\u0629&quot;. \u0625\u0630\u0627 \u062a\u0633\u0627\u0621\u0644\u062a \u064a\u0648\u0645\u064b\u0627: &quot;\u0647\u0644 \u0623\u062d\u0642\u0642 \u0623\u0642\u0635\u0649 \u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a \u0641\u064a \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627\u061f&quot; \u0641\u0623\u0646\u062a \u0644\u0633\u062a \u0648\u062d\u062f\u0643.\n      <\/p>\n      <p>\n        \u0641\u064a \u0647\u0630\u0627 \u0627\u0644\u062f\u0644\u064a\u0644 \u0627\u0644\u0634\u0627\u0645\u0644\u060c \u0633\u0623\u0643\u0634\u0641 \u0627\u0644\u0633\u062a\u0627\u0631 - \u0644\u064a\u0633 \u0641\u0642\u0637 \u0639\u0646 \u0623\u0643\u062b\u0631 \u0627\u0644\u062d\u0644\u0648\u0644 \u0641\u0639\u0627\u0644\u064a\u0629 \u0647\u0646\u0627 \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627 (\u0648\u0647\u0648 \u0623\u0645\u0631\u064c \u0623\u0643\u062b\u0631 \u062a\u0639\u0642\u064a\u062f\u064b\u0627 \u0645\u0645\u0627 \u064a\u0628\u062f\u0648)\u060c \u0628\u0644 \u0623\u064a\u0636\u064b\u0627 \u0639\u0646 \u0628\u0639\u0636 \u0627\u0644\u062a\u062d\u0633\u064a\u0646\u0627\u062a \u0627\u0644\u0628\u0633\u064a\u0637\u0629 \u0644\u0644\u063a\u0627\u064a\u0629 \u0627\u0644\u062a\u064a \u064a\u063a\u0641\u0644 \u0639\u0646\u0647\u0627 \u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u062d\u0644\u064a\u064a\u0646. \u064a\u0639\u062a\u0645\u062f \u0646\u0647\u062c\u064a \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631 \u0639\u0644\u0649 \u0627\u0644\u062f\u0631\u0648\u0633 \u0627\u0644\u0645\u0633\u062a\u0641\u0627\u062f\u0629\u060c \u0648\u0627\u0644\u0633\u064a\u0627\u0642 \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u060c \u0648\u0628\u0639\u0636 \u0627\u0644\u0623\u062e\u0637\u0627\u0621 \u0627\u0644\u0641\u0627\u062f\u062d\u0629 \u0627\u0644\u062a\u064a \u0648\u0642\u0639\u062a \u0641\u064a\u0647\u0627 \u062e\u0644\u0627\u0644 \u0647\u0630\u0647 \u0627\u0644\u0639\u0645\u0644\u064a\u0629. \u0647\u0644 \u0647\u0646\u0627\u0643 \u0625\u062c\u0627\u0628\u0629 \u0623\u0648 \u0645\u062d\u0641\u0638\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 &quot;\u0623\u0641\u0636\u0644&quot;\u061f \u062a\u062d\u0630\u064a\u0631: \u0644\u064a\u0633 \u0647\u0646\u0627\u0643 \u0623\u064a \u062e\u064a\u0627\u0631. \u0648\u0644\u0643\u0646 \u0647\u0646\u0627\u0643 \u0645\u0633\u0627\u0631 \u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0623\u0643\u062b\u0631 \u0630\u0643\u0627\u0621\u064b \u0648\u062e\u0627\u0644\u064a\u0629 \u0645\u0646 \u0627\u0644\u062a\u0648\u062a\u0631\u060c \u0645\u0635\u0645\u0645 \u062e\u0635\u064a\u0635\u064b\u0627 \u0644\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u062a\u0637\u0644\u0639\u0648\u0646 \u0625\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0627\u0644\u0643\u0627\u0645\u0644\u0629 \u0645\u0646 \u0625\u0645\u0643\u0627\u0646\u0627\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0633\u0644\u0628\u064a\u0629. \u062f\u0639\u0648\u0646\u0627 \u0646\u0633\u062a\u0639\u0631\u0636\u0647 - \u0628\u0643\u0644 \u0645\u0632\u0627\u064a\u0627\u0647 \u0648\u0625\u064a\u062c\u0627\u0628\u064a\u0627\u062a\u0647.\n      <\/p>\n\n      <div class=\"navigation-hub-professional-156\">\n        <h3 class=\"subheader-tier3-designation-925\">\u062c\u062f\u0648\u0644 \u0627\u0644\u0645\u062d\u062a\u0648\u064a\u0627\u062a<\/h3>\n        <ul class=\"list-unordered-custom-890\">\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#why-passive-belgium\">\u0644\u0645\u0627\u0630\u0627 \u064a\u064f\u0639\u062f \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u062e\u064a\u0627\u0631\u064b\u0627 \u0646\u0627\u062c\u062d\u064b\u0627 \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627<\/a><\/li>\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#understanding-index-funds\">\u0643\u064a\u0641 \u062a\u0639\u0645\u0644 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0641\u0639\u0644\u064a\u064b\u0627<\/a><\/li>\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#belgian-tax-landscape\">\u0627\u0644\u0645\u0634\u0647\u062f \u0627\u0644\u0636\u0631\u064a\u0628\u064a \u0627\u0644\u0641\u0631\u064a\u062f \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627<\/a><\/li>\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#local-brokers-product-choices\">\u0627\u062e\u062a\u064a\u0627\u0631 \u0627\u0644\u0648\u0633\u064a\u0637 \u0648\u0627\u0644\u0645\u0646\u062a\u062c \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a \u0627\u0644\u0645\u0646\u0627\u0633\u0628<\/a><\/li>\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#portfolio-construction-rebalancing\">\u0628\u0646\u0627\u0621 \u0648\u0625\u0639\u0627\u062f\u0629 \u062a\u0648\u0627\u0632\u0646 \u0645\u062d\u0641\u0638\u062a\u0643 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629<\/a><\/li>\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#optimizing-cost\">\u062a\u062d\u0633\u064a\u0646 \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0648\u0627\u0644\u0636\u0631\u0627\u0626\u0628<\/a><\/li>\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#psychological-pitfalls\">\u062a\u062c\u0646\u0628 \u0627\u0644\u0623\u062e\u0637\u0627\u0621 \u0627\u0644\u0633\u0644\u0648\u0643\u064a\u0629 \u0648\u0627\u0644\u0646\u0641\u0633\u064a\u0629<\/a><\/li>\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#case-studies-qa\">\u062f\u0631\u0627\u0633\u0627\u062a \u0627\u0644\u062d\u0627\u0644\u0629 \u0648\u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0648\u0627\u0644\u0623\u062c\u0648\u0628\u0629 \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629<\/a><\/li>\n          <li class=\"list-item-spaced-112\"><a class=\"link-dotted-hover-567\" href=\"#references\">\u0627\u0644\u0645\u0631\u0627\u062c\u0639 \u0648\u0627\u0644\u0642\u0631\u0627\u0621\u0627\u062a \u0627\u0644\u0625\u0636\u0627\u0641\u064a\u0629<\/a><\/li>\n        <\/ul>\n      <\/div>\n\n      <h2 class=\"subheader-tier2-designation-924\" id=\"why-passive-belgium\">\u0644\u0645\u0627\u0630\u0627 \u064a\u064f\u0639\u062f \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u062e\u064a\u0627\u0631\u064b\u0627 \u0646\u0627\u062c\u062d\u064b\u0627 \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627<\/h2>\n      <p>\n        \u0625\u0644\u064a\u0643 \u0623\u0648\u0644 \u0645\u0627 \u0642\u062f \u064a\u0641\u0627\u062c\u0626\u0643: \u0628\u0644\u062c\u064a\u0643\u0627\u060c \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0635\u063a\u0631 \u062d\u062c\u0645\u0647\u0627 \u0648\u062a\u0639\u0642\u064a\u062f\u0627\u062a\u0647\u0627 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u0629 \u063a\u064a\u0631 \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629\u060c \u062a\u064f\u0639\u062f\u0651 \u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639 \u0628\u064a\u0626\u0629\u064b \u0645\u062b\u0627\u0644\u064a\u0629\u064b \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0646\u0636\u0628\u0637 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\u062a\u0637\u0628\u064a\u0642\u0647\u0627 \u0628\u0634\u0643\u0644 \u0635\u062d\u064a\u062d\u060c \u064a\u064f\u0642\u062f\u0651\u0645 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u0647\u0646\u0627 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0645\u0632\u0627\u064a\u0627:\n      <\/p>\n      <ul class=\"list-unordered-custom-890\">\n        <li class=\"list-item-spaced-112\">\u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u0627\u062a \u0645\u0646\u062e\u0641\u0636\u0629 \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0628\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0645\u0646 \u062e\u0644\u0627\u0644 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0645\u062a\u0627\u062d\u0629 \u0645\u062d\u0644\u064a\u064b\u0627 (\u0648\u062e\u0627\u0635\u0629 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\u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a<a href=\"#ref-1\" class=\"reference-marker-inline-951\">1<\/a><\/li>\n      <\/ul>\n      <p>\n        \u0644\u0643\u0646 - \u0648\u0647\u0630\u0627 \u0623\u0645\u0631 \u0628\u0627\u0644\u063a \u0627\u0644\u0623\u0647\u0645\u064a\u0629 - \u0627\u0644\u0628\u064a\u0626\u0629 \u0627\u0644\u0636\u0631\u064a\u0628\u064a\u0629 \u0648\u0627\u0644\u062a\u0645\u0648\u064a\u0644\u064a\u0629 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0628\u0644\u062c\u064a\u0643\u0627 \u062a\u0639\u0646\u064a \u0623\u0646 \u0645\u0627 \u064a\u064f\u062c\u062f\u064a \u0646\u0641\u0639\u064b\u0627 \u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0623\u0648 \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0642\u062f \u0644\u0627 \u064a\u0643\u0648\u0646 \u0645\u062b\u0627\u0644\u064a\u064b\u0627 \u062a\u0645\u0627\u0645\u064b\u0627 \u0647\u0646\u0627. 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\u0627\u0644\u0645\u062a\u0627\u062d\u0629. \u0645\u0646 \u0646\u0627\u062d\u064a\u0629 \u0623\u062e\u0631\u0649\u060c \u064a\u0643\u0627\u062f \u064a\u0643\u0648\u0646 \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u062d\u064a\u0644 \u0639\u0644\u0649 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646 \u0634\u0631\u0627\u0621 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 (ETFs) \u0627\u0644\u0645\u0633\u062c\u0644\u0629 \u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0639\u0628\u0631 \u0648\u0633\u0637\u0627\u0621 \u0645\u062d\u0644\u064a\u064a\u0646\u060c \u0645\u0645\u0627 \u064a\u064f\u063a\u064a\u0631 \u0643\u0644 \u0634\u064a\u0621 \u0645\u0646 \u062d\u064a\u062b \u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0648\u0627\u0639\u062a\u0628\u0627\u0631\u0627\u062a \u0623\u062e\u0637\u0627\u0621 \u0627\u0644\u062a\u062a\u0628\u0639 \u0641\u064a \u0645\u062d\u0641\u0638\u062a\u0643 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629.\n      <\/div>\n\n      <h2 class=\"subheader-tier2-designation-924\" id=\"understanding-index-funds\">\u0643\u064a\u0641 \u062a\u0639\u0645\u0644 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639 (\u0648\u0644\u0645\u0627\u0630\u0627 \u064a\u0633\u064a\u0621 \u0645\u0639\u0638\u0645 \u0627\u0644\u0646\u0627\u0633 \u0641\u0647\u0645\u0647\u0627)<\/h2>\n      <p>\n        \u0627\u0639\u062a\u0631\u0627\u0641: \u0639\u0646\u062f\u0645\u0627 \u062f\u062e\u0644\u062a\u064f \u0645\u062c\u0627\u0644 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a\u060c \u0638\u0646\u0646\u062a\u064f \u0623\u0646\u0646\u064a \u0623\u0639\u0631\u0641 \u0645\u0627 \u0623\u0641\u0639\u0644\u0647\u060c 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\u0627\u0644\u0645\u062e\u062a\u0627\u0631\u0629.<a href=\"#ref-2\" class=\"reference-marker-inline-951\">2<\/a>\u0642\u062f \u064a\u0628\u062f\u0648 \u0627\u0644\u0623\u0645\u0631 \u0633\u0644\u0628\u064a\u064b\u0627 (\u0648\u0647\u0648 \u0643\u0630\u0644\u0643 \u0645\u0646 \u062d\u064a\u062b \u0627\u0644\u0625\u062f\u0627\u0631\u0629)\u060c \u0648\u0644\u0643\u0646 \u0645\u0646 \u0627\u0644\u0645\u0641\u0627\u0631\u0642\u0627\u062a \u0623\u0646 \u0627\u062e\u062a\u064a\u0627\u0631\u0643 \u0644\u0644\u0645\u0624\u0634\u0631 \u0648\u0647\u064a\u0643\u0644 \u0627\u0644\u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a \u0648\u0645\u0648\u0637\u0646\u0647 \u0644\u064a\u0633 \u0633\u0644\u0628\u064a\u064b\u0627 \u0639\u0644\u0649 \u0627\u0644\u0625\u0637\u0644\u0627\u0642.\n      <\/p>\n      <div class=\"highlight-container-deluxe-778\">\n        <strong class=\"accent-header-bold-334\">\u0627\u0644\u0631\u0624\u064a\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629:<\/strong><br>\n        \u0645\u0627 \u064a\u0630\u0647\u0644\u0646\u064a \u062d\u0642\u0627 \u0647\u0648 \u0623\u0646 <em>\u0645\u0639\u0638\u0645 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646<\/em> \u0645\u0627 \u0632\u0644\u062a\u064f \u0623\u0631\u0649 \u0623\u0646 &quot;\u0645\u062a\u062a\u0628\u0639 \u0627\u0644\u0645\u0624\u0634\u0631&quot; \u0642\u0627\u0628\u0644 \u0644\u0644\u062a\u0628\u0627\u062f\u0644 \u062a\u0645\u0627\u0645\u064b\u0627 \u0628\u063a\u0636 \u0627\u0644\u0646\u0638\u0631 \u0639\u0646 \u0627\u0644\u0645\u064f\u0632\u0648\u0651\u062f \u0623\u0648 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0623\u0633\u0627\u0633\u064a. \u0644\u0642\u062f \u062a\u063a\u064a\u0651\u0631\u062a \u0648\u062c\u0647\u0629 \u0646\u0638\u0631\u064a: \u0641\u062a\u062d\u0633\u064a\u0646 \u0627\u062e\u062a\u064a\u0627\u0631\u0643 \u0644\u0644\u0635\u0646\u062f\u0648\u0642 \u0641\u064a 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\u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0648\u0636\u0648\u062d \u0647\u0630\u0627\u060c \u064a\u0645\u0643\u0646 \u0644\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0623\u062c\u0627\u0646\u0628 \u0634\u0631\u0627\u0621 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0628\u0633\u0647\u0648\u0644\u0629 \u0628\u0641\u0636\u0644 \u0627\u0646\u062e\u0641\u0627\u0636 \u062a\u0643\u0627\u0644\u064a\u0641\u0647\u0627 \u0648\u0632\u064a\u0627\u062f\u0629 \u0633\u064a\u0648\u0644\u062a\u0647\u0627. \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646 (\u0628\u0627\u0633\u062a\u062b\u0646\u0627\u0621\u0627\u062a \u0642\u0644\u064a\u0644\u0629) \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645 \u0628\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629\/\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u062c\u0645\u0627\u0639\u064a \u0641\u064a \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 (UCITS) - \u0648\u0647\u064a \u062a\u0641\u0627\u0635\u064a\u0644 \u062a\u064f\u0634\u0643\u0644 \u0631\u062d\u0644\u062a\u0643 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0628\u0623\u0643\u0645\u0644\u0647\u0627 \u0647\u0646\u0627\u060c \u0628\u062f\u0621\u064b\u0627 \u0645\u0646 \u0627\u062e\u062a\u064a\u0627\u0631 \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0648\u0648\u0635\u0648\u0644\u064b\u0627 \u0625\u0644\u0649 \u0627\u0644\u0636\u0631\u064a\u0628\u0629 \u0627\u0644\u062a\u064a \u062a\u062f\u0641\u0639\u0647\u0627 \u0639\u0646\u062f \u0627\u0644\u0628\u064a\u0639.\n      <\/p>\n      <blockquote class=\"quote-block-premium-445\">\n        &quot;\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0646\u0627\u062c\u062d \u064a\u062a\u0639\u0644\u0642 \u0628\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u060c \u0648\u0644\u064a\u0633 \u062a\u062c\u0646\u0628\u0647\u0627.&quot; \n        <span class=\"quote-author\">\u2014\u0628\u0646\u062c\u0627\u0645\u064a\u0646 \u062c\u0631\u0627\u0647\u0627\u0645\u060c \u0645\u0633\u062a\u062b\u0645\u0631 \u0648\u062e\u0628\u064a\u0631 \u0627\u0642\u062a\u0635\u0627\u062f\u064a<\/span>\n      <\/blockquote>\n      <p>\n        \u0644\u0627 \u064a\u0632\u0627\u0644 \u0647\u0630\u0627 \u0627\u0644\u0634\u0639\u0648\u0631 \u064a\u064f\u0634\u0643\u0651\u0644 \u0641\u0644\u0633\u0641\u062a\u064a\u060c \u062e\u0627\u0635\u0629\u064b \u0641\u064a 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\u0627\u0644\u0633\u0644\u0628\u064a \u0648\u064a\u064f\u0639\u064a\u0642\u0647 \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647.\n      <\/p>\n    <\/article>\n  <\/div>\n<\/div>\n<\/div>\n\n\n\n\n<div class=\"wp-block-cover alignwide has-parallax is-light\"><div class=\"wp-block-cover__image-background wp-image-1248 size-full has-parallax\" style=\"background-position:50% 50%;background-image:url(https:\/\/doineurope.com\/wp-content\/uploads\/2025\/08\/smartphone-financial-charts-clipboard-data.jpeg)\"><\/div><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\" style=\"background-color:#8a7964\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<p class=\"has-text-align-center has-large-font-size\"><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"content-block-2\">\n<div class=\"blogmaster-pro-container\">\n  <div class=\"content-wrapper-premium-847\">\n    <article 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\u0639\u0644\u0649 \u062c\u0645\u064a\u0639 \u0642\u0631\u0627\u0631\u0627\u062a\u0643 \u0627\u0644\u0645\u0627\u0644\u064a\u0629. \u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639\u060c \u0643\u0646\u062a \u0623\u0639\u062a\u0642\u062f \u0633\u0627\u0628\u0642\u064b\u0627: &quot;\u0644\u0627 \u0634\u0643 \u0623\u0646 \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0623\u0643\u062b\u0631 \u0643\u0641\u0627\u0621\u0629 \u0636\u0631\u064a\u0628\u064a\u064b\u0627 \u0647\u0648 \u0627\u0644\u062e\u064a\u0627\u0631 \u0627\u0644\u0623\u0641\u0636\u0644&quot;. \u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639\u060c \u0647\u0630\u0627 \u0635\u062d\u064a\u062d - \u0625\u0644\u0649 \u062d\u062f \u0645\u0627. \u0644\u0643\u0646 \u0627\u0644\u0645\u0634\u0643\u0644\u0629 \u062a\u0643\u0645\u0646 \u0641\u064a \u0627\u0644\u062a\u0641\u0627\u0635\u064a\u0644\u060c \u0648\u0627\u0644\u0633\u064a\u0627\u0642 \u0627\u0644\u0636\u0631\u064a\u0628\u064a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a \u0623\u0643\u062b\u0631 \u0623\u0647\u0645\u064a\u0629 \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u0645\u0646\u0647 \u0641\u064a \u0623\u064a \u062f\u0648\u0644\u0629 \u0623\u062e\u0631\u0649 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u062a\u0642\u0631\u064a\u0628\u064b\u0627.\n      <\/p>\n      <ul class=\"list-unordered-custom-890\">\n        <li class=\"list-item-spaced-112\">\u0644\u0627 \u062a\u0648\u062c\u062f \u0636\u0631\u064a\u0628\u0629 \u0645\u0643\u0627\u0633\u0628 \u0631\u0623\u0633\u0645\u0627\u0644\u064a\u0629 \u0645\u0628\u0627\u0634\u0631\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0645\u062f\u0631\u062c\u0629 \u0648\u0645\u0639\u0638\u0645 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u062a\u064a \u064a\u062a\u0645 \u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u0647\u0627 \u0643\u0623\u0641\u0631\u0627\u062f<\/li>\n        <li class=\"list-item-spaced-112\">\u0636\u0631\u064a\u0628\u0629 \u062d\u062c\u0628 30% \u0639\u0644\u0649 \u0623\u0631\u0628\u0627\u062d \u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0642\u064a\u0645\u0629 \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627 (\u0648\u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0623\u062c\u0646\u0628\u064a\u0629\u060c \u062d\u062a\u0649 \u0628\u0639\u0636 \u0627\u0644\u0645\u0639\u0627\u0647\u062f\u0627\u062a)<\/li>\n        <li class=\"list-item-spaced-112\">&quot;\u0636\u0631\u064a\u0628\u0629 \u0631\u064a\u0646\u062f\u0631\u0632&quot; (TOB): \u0636\u0631\u064a\u0628\u0629 \u0645\u0639\u0627\u0645\u0644\u0627\u062a \u062a\u062a\u0631\u0627\u0648\u062d \u0628\u064a\u0646 0.12 \u06481.32% \u062d\u0633\u0628 \u0641\u0626\u0629 \u0627\u0644\u0645\u0646\u062a\u062c\u060c \u0648\u062a\u064f\u0637\u0628\u0642 \u0639\u0646\u062f \u0627\u0644\u0634\u0631\u0627\u0621\/\u0627\u0644\u0628\u064a\u0639<\/li>\n        <li class=\"list-item-spaced-112\">\u0636\u0631\u064a\u0628\u0629 \u0633\u0646\u0648\u064a\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 (\u0627\u0644\u062b\u0631\u0648\u0629) \u0642\u062f\u0631\u0647\u0627 0.15% \u0644\u0644\u062d\u0633\u0627\u0628\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062a\u062c\u0627\u0648\u0632 \u0645\u0644\u064a\u0648\u0646 \u064a\u0648\u0631\u0648<\/li>\n        <li class=\"list-item-spaced-112\">\u062d\u062c\u0628 \u0627\u0644\u0636\u0631\u064a\u0628\u0629 \u0639\u0644\u0649 \u0627\u0644\u0641\u0648\u0627\u0626\u062f \u0627\u0644\u0645\u0643\u062a\u0633\u0628\u0629 \u0645\u0646 \u0635\u0646\u0627\u062f\u064a\u0642 \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0633\u0646\u062f\u0627\u062a<\/li>\n      <\/ul>\n      <p>\n        \u0647\u0646\u0627 \u062a\u0643\u0645\u0646 \u0627\u0644\u0635\u0639\u0648\u0628\u0629 (\u0644\u0642\u062f \u062a\u0639\u062b\u0631\u062a\u064f \u0628\u0646\u0641\u0633\u064a): \u062a\u064f\u0639\u064a\u062f \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0627\u0644\u0645\u064f\u062c\u0645\u0639\u0629 (\u0627\u0644\u0645\u064f\u0633\u062a\u062b\u0645\u0631\u0629) \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0623\u0631\u0628\u0627\u062d\u0647\u0627 \u062f\u0627\u062e\u0644\u064a\u064b\u0627\u060c \u0645\u0627 \u064a\u064f\u062c\u0646\u0651\u0628\u0643 \u0636\u0631\u064a\u0628\u0629 \u0627\u0642\u062a\u0637\u0627\u0639 \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0633\u0646\u0648\u064a\u064b\u0627. \u0623\u0645\u0627 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 (\u0627\u0644\u062a\u0648\u0632\u064a\u0639\u064a\u0629)\u060c \u0641\u062a\u064f\u062f\u0641\u0639 \u0623\u0631\u0628\u0627\u062d\u0647\u0627 \u0648\u062a\u064f\u062f\u0641\u0639 \u0636\u0631\u0627\u0626\u0628\u0647\u0627 \u0633\u0646\u0648\u064a\u064b\u0627. \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0645\u0639\u0638\u0645 \u0645\u064f\u0633\u062a\u062b\u0645\u0631\u064a \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646 (\u0628\u0645\u0646 \u0641\u064a\u0647\u0645 \u0623\u0646\u0627 \u0628\u0639\u062f \u0644\u064a\u0627\u0644\u064d \u0637\u0648\u064a\u0644\u0629 \u0645\u0646 \u0627\u0644\u0639\u0645\u0644 \u0639\u0644\u0649 \u062c\u062f\u0627\u0648\u0644 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a)\u060c <strong>\u0625\u0646 \u062a\u0631\u0627\u0643\u0645 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0629 (UCITS) \u0647\u0648 \u0628\u0628\u0633\u0627\u0637\u0629 \u0623\u0643\u062b\u0631 \u0643\u0641\u0627\u0621\u0629 \u0636\u0631\u064a\u0628\u064a\u0629<\/strong><a href=\"#ref-3\" class=\"reference-marker-inline-951\">3<\/a>.\n      <\/p>\n      <div class=\"highlight-container-deluxe-778\">\n        <strong class=\"accent-header-bold-334\">\u062e\u0644\u0627\u0635\u0629 \u0639\u0645\u0644\u064a\u0629:<\/strong><br>\n        \u0625\u0630\u0627 \u0643\u0627\u0646 \u0647\u062f\u0641\u0643 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0647\u0648 \u0627\u0644\u0646\u0645\u0648 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0637\u0648\u064a\u0644\u060c \u0641\u062a\u0623\u0643\u062f \u062f\u0627\u0626\u0645\u064b\u0627 \u0645\u0646 <em>\u062a\u0631\u0627\u0643\u0645<\/em> \u0641\u0626\u0627\u062a \u0627\u0644\u0623\u0633\u0647\u0645 (\u0646\u0648\u0639 \u0627\u0644\u0635\u0646\u062f\u0648\u0642: &quot;acc\/accumulation\/capitalization&quot;) \u0648\u0627\u0644\u0627\u0645\u062a\u062b\u0627\u0644 \u0644\u0640 UCITS \u0642\u0628\u0644 \u0627\u0644\u0634\u0631\u0627\u0621.\n      <\/div>\n\n      <h2 class=\"subheader-tier2-designation-924\" id=\"local-brokers-product-choices\">\u0627\u062e\u062a\u064a\u0627\u0631 \u0627\u0644\u0648\u0633\u064a\u0637 \u0648\u0627\u0644\u0645\u0646\u062a\u062c \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a \u0627\u0644\u0645\u0646\u0627\u0633\u0628: \u0644\u064a\u0633 \u0627\u0644\u062c\u0645\u064a\u0639 \u0645\u062a\u0633\u0627\u0648\u064a\u0646<\/h2>\n      <p>\n        \u0623\u062a\u0630\u0643\u0631 \u0623\u0648\u0644 \u0639\u0645\u0644\u064a\u0629 \u0634\u0631\u0627\u0621 \u0644\u064a \u0644\u0635\u0646\u062f\u0648\u0642 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0645\u062a\u062f\u0627\u0648\u0644 (ETF) \u0645\u0646 \u0628\u0646\u0643 \u0628\u0644\u062c\u064a\u0643\u064a \u0645\u062d\u0644\u064a - \u0648\u0627\u062c\u0647\u0629 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0645\u0639\u0642\u062f\u0629\u060c \u0648\u0631\u0633\u0648\u0645 \u0628\u0627\u0647\u0638\u0629\u060c \u0648\u0642\u0627\u0626\u0645\u0629 \u0645\u0646\u062a\u062c\u0627\u062a \u0645\u064f\u062d\u064a\u0651\u0631\u0629 \u062d\u062a\u0649 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u062e\u0636\u0631\u0645\u064a\u0646. \u0627\u0644\u064a\u0648\u0645\u060c \u0644\u062f\u064a\u0646\u0627 \u062e\u064a\u0627\u0631\u0627\u062a \u0623\u0641\u0636\u0644 \u0628\u0643\u062b\u064a\u0631\u060c \u0644\u0643\u0646 \u0627\u062e\u062a\u064a\u0627\u0631 \u0648\u0633\u064a\u0637 \u0644\u0627 \u064a\u0632\u0627\u0644 \u064a\u062a\u0637\u0644\u0628 \u0642\u0631\u0627\u0631\u064b\u0627 \u0645\u062f\u0631\u0648\u0633\u064b\u0627 - \u0644\u064a\u0633 \u0623\u0642\u0644\u0647\u0627 \u0623\u0646 \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a\u0629 (\u0631\u0633\u0648\u0645 \u0627\u0644\u0648\u0633\u064a\u0637 + \u0625\u062c\u0645\u0627\u0644\u064a \u0639\u0627\u0626\u062f \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 + \u0627\u0644\u0636\u0631\u0627\u0626\u0628 + \u0625\u062c\u0645\u0627\u0644\u064a \u0639\u0627\u0626\u062f \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631!) \u0645\u0647\u0645\u0629. <em>\u0643\u062b\u064a\u0631\u0627\u064b<\/em>\u0643\u0630\u0644\u0643\u060c \u0644\u064a\u0633\u062a \u0643\u0644 &quot;\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a\u0629&quot; \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629 \u0645\u064f\u062d\u0633\u0651\u0646\u0629 \u0645\u0646 \u062d\u064a\u062b \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0623\u0648 \u0633\u0647\u0648\u0644\u0629 \u0627\u0644\u0627\u0633\u062a\u062e\u062f\u0627\u0645. \u0646\u0635\u064a\u062d\u062a\u064a\u060c \u0628\u0639\u062f \u0633\u0646\u0648\u0627\u062a \u0645\u0646 \u0627\u0644\u062a\u0646\u0642\u0644 \u0628\u064a\u0646 \u0627\u0644\u0648\u0633\u0637\u0627\u0621\u061f \u0627\u0628\u062f\u0623 \u0628\u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0627\u0644\u062a\u0627\u0644\u064a\u0629:\n      <\/p>\n      <ol class=\"list-ordered-custom-889\">\n        <li class=\"list-item-spaced-112\">\u062a\u0641\u0636\u064a\u0644 \u0627\u0644\u0648\u0633\u0637\u0627\u0621 \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a \u0627\u0644\u0630\u064a\u0646 \u064a\u0642\u062f\u0645\u0648\u0646 \u0631\u0633\u0648\u0645\u064b\u0627 \u0648\u0627\u0636\u062d\u0629 \u0648\u0634\u0641\u0627\u0641\u0629 \u0648\u0625\u0639\u062f\u0627\u062f \u062a\u0642\u0627\u0631\u064a\u0631 \u0636\u0631\u064a\u0628\u064a\u0629 \u0633\u0647\u0644\u0629 (\u0627\u0628\u062d\u062b \u0639\u0646 \u062a\u0641\u0627\u0635\u064a\u0644 \u0636\u0631\u0627\u0626\u0628 TOB \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629 \u0648\u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0627\u0644\u0645\u0633\u062a\u0642\u0637\u0639\u0629).<\/li>\n        <li class=\"list-item-spaced-112\">\u0627\u0646\u062a\u0642\u0644 \u0625\u0644\u0649 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 (EEA)\/UCITS - \u062a\u062d\u0642\u0642 \u0645\u0646 \u0647\u0630\u0627 \u0627\u0644\u0623\u0645\u0631 \u062c\u064a\u062f\u064b\u0627\u060c \u062d\u064a\u062b \u0644\u0627 \u064a\u0632\u0627\u0644 \u0639\u062f\u062f \u0642\u0644\u064a\u0644 \u0645\u0646 &quot;\u0627\u0644\u0645\u062a\u062a\u0628\u0639\u064a\u0646&quot; \u063a\u064a\u0631 \u0627\u0644\u062a\u0627\u0628\u0639\u064a\u0646 \u0644\u0640UCITS \u064a\u062a\u0633\u0644\u0644\u0648\u0646 \u0625\u0644\u0649 \u0627\u0644\u0645\u0646\u0635\u0627\u062a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629.<\/li>\n        <li class=\"list-item-spaced-112\">\u062a\u062d\u0642\u0642 \u0645\u0646 \u0627\u0644\u0641\u0635\u0648\u0644 \u0627\u0644\u062a\u0631\u0627\u0643\u0645\u064a\u0629 \u0627\u0644\u0645\u062a\u0627\u062d\u0629 (\u0648\u0627\u0644\u0645\u0639\u0642\u0648\u0644\u0629 \u0627\u0644\u062a\u0643\u0644\u0641\u0629) - \u0648\u0627\u0644\u062a\u064a \u062a\u0646\u062a\u0647\u064a \u0639\u0627\u062f\u0629\u064b \u0628\u0640 &quot;Acc&quot;.<\/li>\n        <li class=\"list-item-spaced-112\">\u0645\u0642\u0627\u0631\u0646\u0629 \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0634\u0627\u0645\u0644\u0629: TER <em>\u0648<\/em> \u0631\u0633\u0648\u0645 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a\/\u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 (\u0627\u0633\u062a\u062e\u062f\u0645 \u062d\u0627\u0633\u0628\u0627\u062a \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0645\u062a\u0627\u062d\u0629).<\/li>\n        <li class=\"list-item-spaced-112\">\u0627\u0628\u062d\u062b \u0641\u064a \u0623\u0645\u0627\u0643\u0646 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 - \u064a\u0642\u062f\u0645 \u0628\u0639\u0636 \u0627\u0644\u0648\u0633\u0637\u0627\u0621 \u0645\u062c\u0645\u0648\u0639\u0629 \u0623\u0648\u0633\u0639 \u0645\u0646 \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a \u0639\u0644\u0649 Euronext\u060c \u0648\u0627\u0644\u0628\u0639\u0636 \u0627\u0644\u0622\u062e\u0631 \u0639\u0644\u0649 Xetra\/London.<\/li>\n      <\/ol>\n      <p>\n        \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0635\u0639\u0648\u0628\u0629 \u0627\u062e\u062a\u064a\u0627\u0631 \u0627\u0644\u0648\u0633\u064a\u0637\u060c \u0625\u0644\u0627 \u0623\u0646 \u0628\u0639\u0636 \u0627\u0644\u0623\u0633\u0645\u0627\u0621 \u062a\u0638\u0647\u0631 \u0645\u0631\u0627\u0631\u064b\u0627 \u0648\u062a\u0643\u0631\u0627\u0631\u064b\u0627 \u0628\u064a\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646 (\u062f\u064a \u062c\u064a\u0631\u0648\u060c \u0628\u0648\u0644\u064a\u0631\u0648\u060c \u0643\u064a\u062a\u0631\u064a\u062f\u060c \u0625\u0644\u062e). \u0644\u0643\u0644\u064d\u0651 \u0645\u0646\u0647\u0627 \u0646\u0642\u0627\u0637 \u0642\u0648\u0629 - \u0648\u0647\u0648 \u0645\u0648\u0636\u0648\u0639\u064c \u062c\u062f\u064a\u0631\u064c \u0628\u0627\u0644\u062a\u0639\u0645\u0642 \u0641\u064a\u0647\u060c \u0648\u0644\u0643\u0646\u0647 \u064a\u062a\u062c\u0627\u0648\u0632 \u0646\u0637\u0627\u0642 \u062a\u0631\u0643\u064a\u0632\u0646\u0627 \u0647\u0646\u0627 - \u0645\u0639 \u0623\u0646 \u062a\u062c\u0631\u0628\u062a\u064a \u062a\u064f\u0634\u064a\u0631 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0623\u0631\u062e\u0635 \u0646\u0627\u062f\u0631\u064b\u0627 \u0645\u0627 \u064a\u0643\u0648\u0646 \u0627\u0644\u0623\u0633\u0647\u0644\u060c \u0648\u0627\u0644\u0639\u0643\u0633 \u0635\u062d\u064a\u062d.\n      <\/p>\n\n      <table class=\"data-table-professional-667\">\n        <thead>\n          <tr class=\"table-row-alternating-556\">\n            <th class=\"table-header-cell-223\">\u0633\u0645\u0633\u0627\u0631<\/th>\n            <th class=\"table-header-cell-223\">\u0627\u0644\u0623\u0641\u0636\u0644 \u0644<\/th>\n            <th class=\"table-header-cell-223\">\u0645\u0644\u062d\u0648\u0638\u0627\u062a<\/th>\n            <th class=\"table-header-cell-223\">\u0623\u0645\u062b\u0644\u0629 \u0639\u0644\u0649 \u0639\u0631\u0648\u0636 \u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629<\/th>\n          <\/tr>\n        <\/thead>\n        <tbody>\n          <tr class=\"table-row-alternating-556\">\n            <td class=\"table-data-cell-224\">\u062f\u064a\u062c\u064a\u0631\u0648<\/td>\n            <td class=\"table-data-cell-224\">\u0631\u0633\u0648\u0645 \u0645\u0646\u062e\u0641\u0636\u0629\u060c \u0648\u0625\u0645\u0643\u0627\u0646\u064a\u0629 \u0648\u0635\u0648\u0644 \u0648\u0627\u0633\u0639\u0629 \u0625\u0644\u0649 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629<\/td>\n            <td class=\"table-data-cell-224\">\u0645\u0637\u0644\u0648\u0628 \u0625\u0639\u062f\u0627\u062f \u0627\u0644\u062a\u0642\u0627\u0631\u064a\u0631 \u0627\u0644\u0636\u0631\u064a\u0628\u064a\u0629 \u064a\u062f\u0648\u064a\u0627<\/td>\n            <td class=\"table-data-cell-224\">\u0645\u0624\u0634\u0631 iShares MSCI World Acc\u060c \u0645\u0624\u0634\u0631 Vanguard FTSE All-World<\/td>\n          <\/tr>\n          <tr class=\"table-row-alternating-556\">\n            <td class=\"table-data-cell-224\">\u0628\u0648\u0644\u064a\u0631\u0648<\/td>\n            <td class=\"table-data-cell-224\">\u0627\u0644\u062f\u0639\u0645 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u060c \u0648\u062b\u0627\u0626\u0642 \u0636\u0631\u064a\u0628\u064a\u0629 \u0645\u062a\u0643\u0627\u0645\u0644\u0629<\/td>\n            <td class=\"table-data-cell-224\">\u0631\u0633\u0648\u0645 \u062a\u062f\u0627\u0648\u0644 \u0623\u0639\u0644\u0649 \u0642\u0644\u064a\u0644\u0627\u064b<\/td>\n            <td class=\"table-data-cell-224\">\u0623\u0645\u0648\u0646\u062f\u064a MSCI World Acc\u060c \u0644\u064a\u0643\u0633\u0648\u0631 \u064a\u0648\u0631\u0648 \u0633\u062a\u0648\u0643\u0633 50 Acc<\/td>\n          <\/tr>\n          <tr class=\"table-row-alternating-556\">\n            <td class=\"table-data-cell-224\">\u0643\u064a \u062a\u0631\u064a\u062f<\/td>\n            <td class=\"table-data-cell-224\">\u0645\u0646\u0635\u0629 \u0627\u0644\u062e\u062f\u0645\u0629 \u0627\u0644\u0643\u0627\u0645\u0644\u0629<\/td>\n            <td class=\"table-data-cell-224\">\u0645\u0646\u0627\u0633\u0628 \u0644\u0644\u0645\u0628\u062a\u062f\u0626\u064a\u0646\u061b \u062e\u062f\u0645\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u0623\u0648\u0633\u0639<\/td>\n            <td class=\"table-data-cell-224\">\u0627\u062e\u062a\u064a\u0627\u0631 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0633\u0627\u0626\u062f\u0629<\/td>\n          <\/tr>\n        <\/tbody>\n      <\/table>\n\n      <div class=\"highlight-container-deluxe-778\">\n        <strong class=\"accent-header-bold-334\">\u062e\u0637\u0623 \u0634\u062e\u0635\u064a (\u0648\u062f\u0631\u0633):<\/strong><br>\n        \u0630\u0627\u062a \u0645\u0631\u0629\u060c \u0627\u0634\u062a\u0631\u064a\u062a\u064f \u0635\u0646\u062f\u0648\u0642 \u062a\u062f\u0627\u0648\u0644 \u0645\u062a\u062f\u0627\u0648\u0644 \u0645\u0648\u0632\u0639\u064b\u0627 \u0639\u0646 \u0637\u0631\u064a\u0642 \u0627\u0644\u062e\u0637\u0623 \u0644\u0623\u0646 \u0648\u0627\u062c\u0647\u0629 \u0627\u0644\u0648\u0633\u064a\u0637 \u0644\u0645 \u062a\u064f\u0634\u064a\u0631 \u0625\u0644\u0649 \u0627\u0644\u0641\u0631\u0642 (\u0627\u0644\u062d\u0633\u0627\u0628 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u062a\u0648\u0632\u064a\u0639). \u0643\u0644\u0651\u0641\u0646\u064a \u0647\u0630\u0627 \u0627\u0644\u062e\u0637\u0623 \u0627\u0644\u0625\u062f\u0627\u0631\u064a \u0627\u0644\u0628\u0633\u064a\u0637 \u0645\u0626\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u0627\u062a - \u0636\u0631\u0627\u0626\u0628 \u0633\u0646\u0648\u064a\u0629 \u0648\u0623\u062e\u0637\u0627\u0621 \u0641\u064a \u0627\u0644\u062a\u062a\u0628\u0639 - \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0639\u062f\u0629 \u0633\u0646\u0648\u0627\u062a. \u062a\u0623\u0643\u062f \u062f\u0627\u0626\u0645\u064b\u0627 \u0645\u0646 \u062a\u0641\u0627\u0635\u064a\u0644 \u0627\u0644\u0645\u0646\u062a\u062c. <em>\u0642\u0628\u0644<\/em> \u0623\u0646\u062a \u062a\u062a\u0627\u062c\u0631. \u062b\u0642\u060c \u0648\u0644\u0643\u0646 \u062a\u062d\u0642\u0642.\n      <\/div>\n\n      <h2 class=\"subheader-tier2-designation-924\" id=\"portfolio-construction-rebalancing\">\u0628\u0646\u0627\u0621 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0648\u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0648\u0627\u0632\u0646 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646<\/h2>\n      <p>\n        \u0627\u0644\u062c\u0645\u064a\u0639 \u064a\u0631\u063a\u0628 \u0641\u064a \u0645\u062d\u0641\u0638\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0633\u0644\u0628\u064a\u0629 \u0628\u0644\u062c\u064a\u0643\u064a\u0629 &quot;\u0645\u062b\u0627\u0644\u064a\u0629&quot; - \u0648\u062f\u0639\u0646\u064a \u0623\u062e\u0628\u0631\u0643\u060c \u0627\u0644\u0622\u0631\u0627\u0621 \u062d\u0648\u0644 \u0647\u0630\u0627 \u0627\u0644\u0645\u0648\u0636\u0648\u0639 \u0644\u0627 \u062d\u0635\u0631 \u0644\u0647\u0627. \u0643\u0646\u062a \u0623\u0624\u0645\u0646 \u0633\u0627\u0628\u0642\u064b\u0627 \u0628\u0627\u0644\u062a\u0642\u0637\u064a\u0639 \u0627\u0644\u062f\u0642\u064a\u0642 (&quot;\u0623\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0635\u0646\u062f\u0648\u0642 \u0645\u0624\u0634\u0631\u0627\u062a \u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0644\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629\u060c \u0648\u0635\u0646\u062f\u0648\u0642 \u0645\u0624\u0634\u0631\u0627\u062a \u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0644\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0646\u0627\u0634\u0626\u0629\u060c \u0648\u0631\u0628\u0645\u0627 \u0635\u0646\u062f\u0648\u0642 \u0644\u062a\u062a\u0628\u0639 \u0633\u0646\u062f\u0627\u062a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648...&quot;). \u0628\u0635\u0631\u0627\u062d\u0629\u061f \u0625\u0646 \u0627\u0644\u062a\u0639\u0642\u064a\u062f \u0627\u0644\u0645\u0641\u0631\u0637 \u0644\u0645\u0639\u0638\u0645 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0623\u0641\u0631\u0627\u062f \u064a\u0624\u062f\u064a \u0641\u064a \u0646\u0647\u0627\u064a\u0629 \u0627\u0644\u0645\u0637\u0627\u0641 \u0625\u0644\u0649 \u062a\u0642\u0644\u064a\u0635 \u062a\u0643\u0627\u0644\u064a\u0641 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0648\u0627\u0632\u0646\u060c \u0648\u0645\u0646 \u0627\u0644\u0645\u0641\u0627\u0631\u0642\u0627\u062a \u0623\u0646\u0647 \u0642\u062f \u064a\u0642\u0644\u0644 \u0627\u0644\u0639\u0648\u0627\u0626\u062f.<a href=\"#ref-4\" class=\"reference-marker-inline-951\">4<\/a>\n      <\/p>\n      <ul class=\"list-unordered-custom-890\">\n        <li class=\"list-item-spaced-112\">\u0627\u0628\u062f\u0623 \u0639\u0644\u0649 \u0646\u0637\u0627\u0642 \u0648\u0627\u0633\u0639: \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0645\u0639\u0638\u0645 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646\u060c \u064a\u063a\u0637\u064a \u0645\u0624\u0634\u0631 &quot;\u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629&quot; \u0627\u0644\u0648\u0627\u062d\u062f (MSCI World \u0623\u0648 FTSE All-World) 70\u201380% \u0645\u0646 \u0627\u062d\u062a\u064a\u0627\u062c\u0627\u062a\u0643.<\/li>\n        <li class=\"list-item-spaced-112\">\u0644\u0627 \u062a\u0636\u064a\u0641 \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0644\u0633\u0646\u062f\u0627\u062a \u062d\u0643\u0648\u0645\u0627\u062a \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0625\u0644\u0627 \u0625\u0630\u0627 \u0643\u0646\u062a \u062a\u0633\u0639\u0649 \u0625\u0644\u0649 &quot;\u0627\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0631&quot; \u062d\u0642\u0627\u064b \u0640\u0640 \u0648\u0644\u0643\u0646 \u0627\u062d\u0630\u0631 \u0645\u0646 \u0636\u0631\u064a\u0628\u0629 \u0631\u0627\u064a\u0646\u062f\u0631\u0632 \u0639\u0644\u0649 \u0639\u0627\u0626\u062f\u0627\u062a \u0627\u0644\u0633\u0646\u062f\u0627\u062a.<\/li>\n        <li class=\"list-item-spaced-112\">\u0625\u0630\u0627 \u0643\u0627\u0646 \u0644\u0632\u0627\u0645\u0627 \u0639\u0644\u064a\u0643 \u0627\u0644\u062a\u0645\u0627\u064a\u0644 (\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0627\u0644\u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0646\u0627\u0634\u0626\u0629\u060c \u0648\u0627\u0644\u062d\u0648\u0643\u0645\u0629 \u0627\u0644\u0628\u064a\u0626\u064a\u0629 \u0648\u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629 \u0648\u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629) - \u0623\u0636\u0641 \u0623\u0648\u0632\u0627\u0646\u0627 \u0635\u063a\u064a\u0631\u0629\u060c \u0648\u0644\u0643\u0646 \u0642\u0645 \u0628\u0625\u062c\u0631\u0627\u0621 \u0627\u0644\u062d\u0633\u0627\u0628\u0627\u062a \u0639\u0644\u0649 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0648\u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a.<\/li>\n        <li class=\"list-item-spaced-112\">\u0644\u0627 \u062a\u0642\u0645 \u0628\u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0648\u0627\u0632\u0646 \u0623\u0643\u062b\u0631 \u0645\u0646 1-2 \u0645\u0631\u0629 \u0641\u064a \u0627\u0644\u0633\u0646\u0629 \u0644\u062a\u062c\u0646\u0628 \u0636\u0631\u064a\u0628\u0629 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u063a\u064a\u0631 \u0627\u0644\u0636\u0631\u0648\u0631\u064a\u0629.<\/li>\n      <\/ul>\n      <blockquote class=\"quote-block-premium-445\">\n        &quot;\u0625\u0646 \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0630\u064a \u064a\u062a\u0645 \u0625\u0646\u0641\u0627\u0642\u0647 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0623\u0641\u0636\u0644 \u0645\u0646 \u062a\u0648\u0642\u064a\u062a \u0627\u0644\u0633\u0648\u0642 - \u062e\u0627\u0635\u0629 \u0639\u0646\u062f\u0645\u0627 \u062a\u0624\u062f\u064a \u0627\u0644\u0631\u0633\u0648\u0645 \u0648\u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0625\u0644\u0649 \u062a\u0622\u0643\u0644 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0628\u0647\u062f\u0648\u0621.&quot;\n        <span class=\"quote-author\">\u2014\u0645\u0642\u062a\u0628\u0633 \u0645\u0646 \u062a\u0634\u0627\u0631\u0644\u0632 \u062f. \u0625\u0644\u064a\u0633\u060c \u0627\u0644\u0623\u062f\u0628\u064a\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0648\u0627\u0633\u0639\u0629<\/span>\n      <\/blockquote>\n      <p>\n        \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646\u060c \u0627\u0644\u0642\u0644\u064a\u0644 \u0623\u0641\u0636\u0644 \u0645\u0646 \u0627\u0644\u0643\u062b\u064a\u0631. \u0643\u0644\u0645\u0627 \u0642\u0631\u0623\u062a\u064f \u0623\u0643\u062b\u0631\u060c \u0623\u062f\u0631\u0643\u062a\u064f \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0643\u0628\u064a\u0631\u0629 \u0641\u064a... <em>\u0627\u0644\u062a\u0642\u0644\u064a\u0644<\/em> \u0627\u0644\u0627\u062d\u062a\u0643\u0627\u0643 - \u0648\u0644\u064a\u0633 \u062a\u0639\u0638\u064a\u0645 &quot;\u0639\u0631\u0636&quot; \u0627\u0644\u0623\u0635\u0648\u0644. \u0642\u062f \u064a\u0628\u062f\u0648 \u0647\u0630\u0627 \u0645\u062e\u0627\u0644\u0641\u064b\u0627 \u0644\u0644\u0645\u0646\u0637\u0642\u060c \u0648\u0644\u0643\u0646\u0647 \u0635\u062d\u064a\u062d: \u0641\u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641 \u0648\u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u062a\u062f\u0645\u0631 \u0645\u0639\u0638\u0645 \u0627\u0644\u0641\u0648\u0627\u0626\u062f \u0627\u0644\u0647\u0627\u0645\u0634\u064a\u0629 \u0644\u0644\u0645\u0648\u0636\u0648\u0639\u0627\u062a \u0627\u0644\u0625\u0636\u0627\u0641\u064a\u0629 \u0623\u0648 \u0627\u0644\u062a\u0639\u062f\u064a\u0644\u0627\u062a \u0627\u0644\u062a\u0643\u062a\u064a\u0643\u064a\u0629.\n      <\/p>\n    <\/article>\n  <\/div>\n<\/div>\n<\/div>\n\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/doineurope.com\/wp-content\/uploads\/2025\/08\/smartphone-financial-charts-clipboard-data-1.jpeg\" alt=\"\" class=\"wp-image-1249\"\/><figcaption class=\"wp-element-caption\">\u0635\u0648\u0631\u0629 \u0628\u0633\u064a\u0637\u0629 \u0645\u0639 \u062a\u0639\u0644\u064a\u0642<\/figcaption><\/figure>\n\n\n\n<div class=\"content-block-3\">\n<div class=\"blogmaster-pro-container\">\n  <div class=\"content-wrapper-premium-847\">\n    <article id=\"unique-article-container-id-2847\">\n\n      <h2 class=\"subheader-tier2-designation-924\" id=\"optimizing-cost\">\u062a\u062d\u0633\u064a\u0646 \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0648&quot;\u0627\u0644\u0636\u063a\u0637 \u0627\u0644\u0636\u0631\u064a\u0628\u064a&quot;: \u0642\u0627\u0626\u0645\u0629 \u0627\u0644\u0627\u062e\u062a\u0631\u0627\u0642 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629<\/h2>\n      <p>\n        \u0627\u0644\u0622\u0646\u060c \u062f\u0639\u0648\u0646\u064a \u0623\u0643\u0648\u0646 \u0639\u0645\u0644\u064a\u064b\u0627. \u0628\u0635\u0641\u062a\u064a \u0634\u062e\u0635\u064b\u0627 \u0642\u0636\u0649 \u0623\u0645\u0633\u064a\u0627\u062a \u0643\u062b\u064a\u0631\u0629 \u062c\u062f\u064b\u0627 \u0645\u0639 \u062c\u062f\u0627\u0648\u0644 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0648\u0645\u0644\u0641\u0627\u062a PDF \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629 \u0627\u0644\u0645\u0646\u062a\u0634\u0631\u0629 \u0641\u064a \u063a\u0631\u0641\u0629 \u0645\u0639\u064a\u0634\u062a\u064a\u060c \u0625\u0644\u064a\u0643\u0645 \u0627\u0644\u062e\u0637\u0648\u0627\u062a \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0644\u062a\u0648\u0641\u064a\u0631 \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641 \u0648\u0627\u0644\u062a\u064a \u062a\u064f\u0639\u062f\u0651 \u0641\u0639\u0651\u0627\u0644\u0629 \u0628\u0627\u0644\u0641\u0639\u0644 - \u0628\u0639\u064a\u062f\u064b\u0627 \u0639\u0646 \u0645\u0642\u0648\u0644\u0629 &quot;\u0627\u062e\u062a\u0631 \u0645\u0639\u062f\u0644 \u0636\u0631\u064a\u0628\u0629 \u0645\u0646\u062e\u0641\u0636&quot; \u0627\u0644\u062a\u064a \u064a\u0631\u062f\u062f\u0647\u0627 \u0627\u0644\u062c\u0645\u064a\u0639:\n      <\/p>\n      <ol class=\"list-ordered-custom-889\">\n        <li class=\"list-item-spaced-112\">\n          <strong>\u062a\u062c\u0645\u064a\u0639 \u0627\u0644\u0637\u0644\u0628\u0627\u062a \u062f\u0627\u0626\u0645\u064b\u0627<\/strong>\u2014\u0642\u0645 \u0628\u0634\u0631\u0627\u0621 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0639\u0644\u0649 \u062f\u0641\u0639\u0627\u062a \u0644\u062a\u0642\u0644\u064a\u0644 \u062a\u0643\u0644\u0641\u0629 \u0634\u0631\u0627\u0621 \u0627\u0644\u0623\u0633\u0647\u0645. \u0647\u0644 \u062a\u064f\u0646\u0641\u0642 \u0645\u0628\u0627\u0644\u063a \u0623\u0633\u0628\u0648\u0639\u064a\u0629\u061f \u063a\u0627\u0644\u0628\u064b\u0627 \u0645\u0627 \u062a\u0643\u0648\u0646 \u0623\u063a\u0644\u0649 \u0628\u0643\u062b\u064a\u0631 \u0645\u0646 \u0639\u0645\u0644\u064a\u062a\u064a \u0634\u0631\u0627\u0621 \u0643\u0628\u064a\u0631\u062a\u064a\u0646 \u0633\u0646\u0648\u064a\u064b\u0627.<a href=\"#ref-5\" class=\"reference-marker-inline-951\">5<\/a>\n        <\/li>\n        <li class=\"list-item-spaced-112\">\n          <strong>\u0627\u0633\u062a\u062e\u062f\u0645 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0645\u062a\u0631\u0627\u0643\u0645\u0629<\/strong>\u2014\u0647\u0630\u0627 \u0647\u0648 \u0633\u0631 &quot;\u0627\u0644\u0636\u063a\u0637 \u0627\u0644\u0636\u0631\u064a\u0628\u064a&quot;: \u0625\u0646 \u062a\u062c\u0645\u064a\u0639 \u0641\u0626\u0627\u062a \u0627\u0644\u0623\u0633\u0647\u0645 \u064a\u062a\u062c\u0646\u0628 \u0636\u0631\u0627\u0626\u0628 \u062d\u062c\u0628 \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0627\u0644\u0633\u0646\u0648\u064a\u0629 \u062d\u062a\u0649 \u062a\u0628\u064a\u0639\u0647\u0627 \u0628\u0639\u062f \u0633\u0646\u0648\u0627\u062a.\n        <\/li>\n        <li class=\"list-item-spaced-112\">\n          <strong>\u062a\u0641\u0636\u064a\u0644 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0645\u0642\u0648\u0645\u0629 \u0628\u0627\u0644\u064a\u0648\u0631\u0648<\/strong>\u0645\u064f\u062f\u0645\u062c \u0641\u064a \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0635\u0631\u0641\u064a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a. \u0648\u0625\u0644\u0627\u060c \u0633\u062a\u064f\u062e\u0627\u0637\u0631 \u0628\u062a\u0631\u0627\u0643\u0645 \u0631\u0633\u0648\u0645 \u062a\u062d\u0648\u064a\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u062c\u0646\u0628\u064a\u0629 \u0627\u0644\u0628\u0627\u0647\u0638\u0629 \u0641\u064a \u0643\u0644 \u0645\u0639\u0627\u0645\u0644\u0629.\n        <\/li>\n        <li class=\"list-item-spaced-112\">\n          <strong>\u062a\u062a\u0628\u0639 \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0634\u0627\u0645\u0644\u0629\u060c \u0648\u0644\u064a\u0633 \u0641\u0642\u0637 TER<\/strong>\u2014\u064a\u062a\u0627\u0628\u0639 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 (\u0628\u0645\u0627 \u0641\u064a \u0630\u0644\u0643 \u0623\u0646\u0627) \u0641\u0642\u0637 TER \u0627\u0644\u0645\u0646\u0634\u0648\u0631\u060c \u0646\u0627\u0633\u064a\u0646 \u0623\u0646 \u0636\u0631\u0627\u0626\u0628 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0648\u0627\u0644\u0631\u0633\u0648\u0645 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0648\u0633\u0637\u0627\u0621 \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0643\u0644\u0641 \u0646\u0641\u0633 \u0627\u0644\u0642\u062f\u0631 \u0623\u0648 \u0623\u0643\u062b\u0631. \n        <\/li>\n      <\/ol>\n      <p>\n        \u0648\u0647\u0646\u0627 \u062d\u064a\u062b \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0642\u0637\u0639 \u0627\u0644\u0642\u0644\u064a\u0644 \u0645\u0646 \u0627\u0644\u0645\u0639\u0631\u0641\u0629 \u0628\u0627\u0644\u0628\u0644\u062f \u0634\u0648\u0637\u064b\u0627 \u0637\u0648\u064a\u0644\u0627\u064b: \u0625\u0646 \u0646\u0637\u0627\u0642\u0627\u062a TOB \u0627\u0644\u0645\u0639\u0642\u062f\u0629 \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627 \u062a\u0639\u0646\u064a \u0623\u0646 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0627\u0644\u0635\u063a\u064a\u0631\u0629 \u0648\u0627\u0644\u0645\u062a\u0643\u0631\u0631\u0629 \u063a\u064a\u0631 \u0645\u0624\u0643\u062f\u0629\u060c \u0648\u0642\u062f \u0644\u0627 \u062a\u0643\u0648\u0646 \u0642\u0648\u0627\u0626\u0645 \u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 &quot;\u0627\u0644\u0645\u062c\u0627\u0646\u064a\u0629&quot; \u0644\u062f\u0649 \u0627\u0644\u0648\u0633\u0637\u0627\u0621 <em>\u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629 \u0627\u0644\u0645\u064f\u062d\u0633\u064e\u0651\u0646\u0629<\/em>\u0627\u0644\u0646\u0635\u064a\u062d\u0629\u061f \u0627\u062d\u0631\u0635 \u062f\u0627\u0626\u0645\u064b\u0627 \u0639\u0644\u0649 \u0645\u062d\u0627\u0643\u0627\u0629 \u0627\u0644\u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a\u0629 \u0645\u0646 \u062e\u0644\u0627\u0644 \u0627\u0644\u0645\u0646\u0635\u0629 \u0627\u0644\u062a\u064a \u062a\u062e\u062a\u0627\u0631\u0647\u0627 \u0642\u0628\u0644 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 - \u0641\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u062c\u062f\u0648\u0644 \u0628\u064a\u0627\u0646\u0627\u062a \u0628\u0633\u064a\u0637 (\u0623\u0648 \u0625\u062d\u062f\u0649 &quot;\u062d\u0627\u0633\u0628\u0627\u062a \u062a\u0643\u0644\u0641\u0629 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629&quot; \u0627\u0644\u0639\u062f\u064a\u062f\u0629 \u0648\u0627\u0644\u0645\u062a\u0648\u0641\u0631\u0629 \u0627\u0644\u0622\u0646 \u0639\u0644\u0649 \u0646\u0637\u0627\u0642 \u0648\u0627\u0633\u0639 \u0639\u0628\u0631 \u0627\u0644\u0625\u0646\u062a\u0631\u0646\u062a) \u064a\u0648\u0641\u0631 \u0644\u0643 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u062d\u0642\u064a\u0642\u064a.\n      <\/p>\n      <table class=\"data-table-professional-667\">\n        <thead>\n          <tr class=\"table-row-alternating-556\">\n            <th class=\"table-header-cell-223\">\u062a\u0643\u062a\u064a\u0643 \u0627\u0644\u062a\u062d\u0633\u064a\u0646<\/th>\n            <th class=\"table-header-cell-223\">\u0627\u0644\u062a\u0631\u062f\u062f\/\u0627\u0644\u062a\u0648\u0642\u064a\u062a<\/th>\n            <th class=\"table-header-cell-223\">\u0627\u0644\u0645\u0632\u0627\u064a\u0627 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629<\/th>\n            <th class=\"table-header-cell-223\">\u062a\u062d\u0630\u064a\u0631\u0627\u062a<\/th>\n          <\/tr>\n        <\/thead>\n        <tbody>\n          <tr class=\"table-row-alternating-556\">\n            <td class=\"table-data-cell-224\">\u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0648\u0627\u0632\u0646 \u0627\u0644\u062f\u0641\u0639\u064a<\/td>\n            <td class=\"table-data-cell-224\">\u0646\u0635\u0641 \u0633\u0646\u0648\u064a<\/td>\n            <td class=\"table-data-cell-224\">\u064a\u0642\u0644\u0644 TOB<\/td>\n            <td class=\"table-data-cell-224\">\u064a\u0641\u062a\u0642\u062f &quot;\u0641\u0631\u0635&quot; \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0648\u0627\u0632\u0646 \u0627\u0644\u0635\u063a\u064a\u0631\u0629<\/td>\n          <\/tr>\n          <tr class=\"table-row-alternating-556\">\n            <td class=\"table-data-cell-224\">\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0641\u0626\u0627\u062a \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0645\u062a\u0631\u0627\u0643\u0645\u0629<\/td>\n            <td class=\"table-data-cell-224\">\u062f\u0627\u0626\u0645\u0627\u064b<\/td>\n            <td class=\"table-data-cell-224\">\u062a\u0623\u062c\u064a\u0644 \u0636\u0631\u064a\u0628\u0629 \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u062d\u062a\u0649 \u0627\u0644\u0628\u064a\u0639<\/td>\n            <td class=\"table-data-cell-224\">\u064a\u0635\u0628\u062d \u0627\u0644\u0623\u0645\u0631 \u0645\u0639\u0642\u062f\u064b\u0627 \u0625\u0630\u0627 \u0627\u0646\u062a\u0642\u0644\u062a \u0625\u0644\u0649 \u0628\u0644\u062f \u0622\u062e\u0631 \u0644\u0627\u062d\u0642\u064b\u0627<\/td>\n          <\/tr>\n          <tr class=\"table-row-alternating-556\">\n            <td class=\"table-data-cell-224\">\u0645\u062d\u0627\u0643\u0627\u0629 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0634\u063a\u064a\u0644<\/td>\n            <td class=\"table-data-cell-224\">\u0633\u0646\u0648\u064a\u0627<\/td>\n            <td class=\"table-data-cell-224\">\u0627\u0631\u062a\u0641\u0627\u0639 \u0631\u0633\u0648\u0645 \u0627\u0644\u0635\u064a\u062f<\/td>\n            <td class=\"table-data-cell-224\">\u064a\u062a\u0637\u0644\u0628 \u062c\u0647\u062f\u064b\u0627 \u0648\u0648\u0636\u0648\u062d\u064b\u0627 \u0628\u0634\u0623\u0646 \u0647\u064a\u0643\u0644 \u0627\u0644\u0631\u0633\u0648\u0645<\/td>\n          <\/tr>\n        <\/tbody>\n      <\/table>\n\n      <div class=\"highlight-container-deluxe-778\">\n        <strong class=\"accent-header-bold-334\">\u0641\u0631\u0635\u0629 \u0645\u0642\u0627\u0628\u0644\u0629 \u0627\u0644\u062e\u0628\u0631\u0627\u0621:<\/strong><br>\n        \u0623\u0648\u062f\u064f\u0651 \u0625\u062c\u0631\u0627\u0621 \u0645\u0642\u0627\u0628\u0644\u0629 \u0645\u0639 \u062e\u0628\u064a\u0631 \u0636\u0631\u0627\u0626\u0628 \u0628\u0644\u062c\u064a\u0643\u064a \u064a\u0634\u0631\u062d (\u0628\u0627\u0644\u0641\u0644\u0645\u0646\u0643\u064a\u0629 \u0623\u0648 \u0627\u0644\u0641\u0631\u0646\u0633\u064a\u0629 \u0627\u0644\u0628\u0633\u064a\u0637\u0629) \u0627\u0644\u0623\u0633\u0628\u0627\u0628 \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629 \u0648\u0631\u0627\u0621 \u0641\u0631\u0636 \u0636\u0631\u0627\u0626\u0628 &quot;\u063a\u064a\u0631 \u0645\u062a\u0648\u0642\u0639\u0629&quot; \u0639\u0644\u0649 \u0627\u0644\u062b\u0631\u0648\u0629 \u0623\u0648 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0639\u0644\u0649 \u0645\u0633\u062a\u062b\u0645\u0631\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629. \u0625\u0630\u0627 \u0643\u0646\u062a\u064e \u062e\u0628\u064a\u0631\u064b\u0627 \u0641\u064a \u0647\u0630\u0627 \u0627\u0644\u0645\u062c\u0627\u0644\u060c \u0641\u0642\u062f \u062a\u064f\u0648\u0641\u0651\u0631 \u0645\u0633\u0627\u0647\u0645\u062a\u0643 \u0645\u0626\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u0627\u062a - \u0625\u0646 \u0644\u0645 \u062a\u0643\u0646 \u0622\u0644\u0627\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u0627\u062a - \u0644\u0644\u0642\u0631\u0627\u0621 \u0627\u0644\u0639\u0627\u062f\u064a\u064a\u0646.\n      <\/div>\n\n      <h2 class=\"subheader-tier2-designation-924\" id=\"psychological-pitfalls\">\u062a\u062c\u0646\u0628 \u0627\u0644\u0623\u062e\u0637\u0627\u0621 \u0627\u0644\u0633\u0644\u0648\u0643\u064a\u0629 \u0648\u0627\u0644\u0646\u0641\u0633\u064a\u0629 (\u0627\u0644\u0633\u0628\u0628 \u0627\u0644\u062d\u0642\u064a\u0642\u064a \u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0639\u0627\u0626\u062f\u0627\u062a)<\/h2>\n      <p>\n        \u0627\u0644\u062a\u0637\u0631\u0642 \u0625\u0644\u0649 \u0627\u0644\u0623\u0631\u0642\u0627\u0645 \u0648\u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0647\u0648 \u0627\u0644\u062c\u0632\u0621 \u0627\u0644\u0633\u0647\u0644. \u0623\u0645\u0627 \u0627\u0644\u062c\u0632\u0621 \u0627\u0644\u0623\u0635\u0639\u0628\u061f \u0641\u0647\u0648 \u0623\u0646\u0641\u0633\u0646\u0627. \u0623\u0639\u062a\u0631\u0641 \u0623\u0646 \u0627\u0644\u0631\u063a\u0628\u0629 \u0641\u064a &quot;\u0627\u0644\u062a\u0639\u062f\u064a\u0644&quot; \u0623\u0648 &quot;\u0627\u0644\u062a\u062d\u0633\u064a\u0646&quot; \u0623\u0648 &quot;\u0627\u0644\u0628\u064a\u0639 \u0628\u062f\u0627\u0641\u0639 \u0627\u0644\u0630\u0639\u0631&quot; \u0628\u0639\u062f \u0642\u0631\u0627\u0621\u0629 \u0622\u062e\u0631 \u0627\u0644\u0623\u062e\u0628\u0627\u0631 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0647\u064a\u060c \u0641\u064a \u0627\u0644\u063a\u0627\u0644\u0628\u060c \u0623\u0633\u0648\u0623 \u0639\u062f\u0648 \u0644\u064a. \u0639\u0644\u0649 \u0645\u0631 \u0627\u0644\u0633\u0646\u064a\u0646\u060c \u0648\u062e\u0627\u0635\u0629\u064b \u0628\u0639\u062f \u0644\u0642\u0627\u0626\u064a \u0628\u0639\u0634\u0631\u0627\u062a \u0645\u0633\u062a\u062b\u0645\u0631\u064a \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646\u060c \u0644\u0627\u062d\u0638\u062a\u064f <em>\u0646\u0641\u0633<\/em> \u0627\u0644\u0641\u062e\u0627\u062e \u0627\u0644\u0645\u0639\u0631\u0641\u064a\u0629 \u0641\u064a \u0643\u0644 \u0645\u0631\u0629:\n      <\/p>\n      <ul class=\"list-unordered-custom-890\">\n        <li class=\"list-item-spaced-112\">\u0645\u0644\u0627\u062d\u0642\u0629 \u0627\u0644\u0623\u062f\u0627\u0621: \u0627\u0644\u0642\u0641\u0632 \u0645\u0646 \u0633\u0641\u064a\u0646\u0629 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 &quot;\u0627\u0644\u0633\u0627\u062e\u0646\u0629&quot; \u0641\u064a \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0645\u0627\u0636\u064a\u060c \u0641\u064a \u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0623\u062d\u064a\u0627\u0646 \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u062e\u0637\u0623 \u062a\u0645\u0627\u0645\u064b\u0627.<\/li>\n        <li class=\"list-item-spaced-112\">\u0627\u0644\u0625\u0641\u0631\u0627\u0637 \u0641\u064a \u0627\u0644\u062a\u0646\u0648\u0639: \u0627\u0644\u062a\u0641\u0643\u064a\u0631 \u0641\u064a \u0627\u0644\u0645\u0632\u064a\u062f \u0645\u0646 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 = \u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u0623\u0645\u0627\u0646\u060c \u0641\u064a \u062d\u064a\u0646 \u0623\u0646 \u0643\u0644 \u0645\u0627 \u064a\u062a\u0645 \u062a\u062d\u0642\u064a\u0642\u0647 \u0647\u0648 \u0627\u0644\u062a\u0643\u0644\u0641\u0629.<\/li>\n        <li class=\"list-item-spaced-112\">\u0627\u0644\u0627\u0633\u062a\u062e\u0641\u0627\u0641 \u0628\u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641: &quot;\u0625\u0646\u0647\u0627 \u0645\u062c\u0631\u062f \u0635\u0641\u0642\u0629 \u0648\u0627\u062d\u062f\u0629&quot; - \u062d\u062a\u0649 \u0628\u0639\u062f 20 &quot;\u0635\u0641\u0642\u0629 \u0648\u0627\u062d\u062f\u0629 \u0641\u0642\u0637&quot;\u060c \u062a\u062e\u0633\u0631 1%.<\/li>\n        <li class=\"list-item-spaced-112\">\u0634\u0631\u0627\u0621 \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636\u0627\u062a (\u0628\u062f\u0648\u0646 \u062e\u0637\u0629): \u0648\u0647\u064a \u0639\u0627\u062f\u0629 \u0628\u0644\u062c\u064a\u0643\u064a\u0629 \u0643\u0644\u0627\u0633\u064a\u0643\u064a\u0629\u060c \u0648\u062e\u0627\u0635\u0629 \u062e\u0644\u0627\u0644 \u062f\u0648\u0631\u0627\u062a \u0627\u0644\u0627\u0646\u062a\u062e\u0627\u0628\u0627\u062a \u0623\u0648 \u062e\u0644\u0627\u0644 \u0623\u0632\u0645\u0627\u062a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648.<\/li>\n      <\/ul>\n      <blockquote class=\"quote-block-premium-445\">\n        &quot;\u0641\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0645\u0627 \u0647\u0648 \u0645\u0631\u064a\u062d \u0646\u0627\u062f\u0631\u064b\u0627 \u0645\u0627 \u064a\u0643\u0648\u0646 \u0645\u0631\u0628\u062d\u064b\u0627.&quot; \n        <span class=\"quote-author\">\u2014\u0631\u0648\u0628\u0631\u062a \u0623\u0631\u0646\u0648\u062a\u060c \u0634\u0631\u0643\u0629 \u0627\u0644\u0623\u0628\u062d\u0627\u062b \u0627\u0644\u062a\u0627\u0628\u0639\u0629<\/span>\n      <\/blockquote>\n      <p>\n        \u0644\u0643\u064a \u0623\u0643\u0648\u0646 \u0635\u0631\u064a\u062d\u064b\u0627\u060c \u0641\u0625\u0646 \u0623\u0641\u0636\u0644 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646 \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0630\u064a\u0646 \u0623\u0639\u0631\u0641\u0647\u0645 \u064a\u0641\u0648\u0632\u0648\u0646 \u0644\u064a\u0633 \u0628\u0641\u0636\u0644 \u0627\u0644\u062a\u0641\u0648\u0642 \u0627\u0644\u0641\u0643\u0631\u064a\u060c \u0628\u0644 \u0628\u0641\u0636\u0644 <em>\u0623\u062a\u0645\u062a\u0629<\/em> \u0639\u0645\u0644\u064a\u062a\u0647\u0645 \u0648\u062a\u062c\u0627\u0647\u0644 \u0627\u0644\u0636\u062c\u064a\u062c. \u0628\u0635\u0631\u0627\u062d\u0629\u060c \u0645\u0627 \u0632\u0644\u062a \u0623\u062a\u0639\u0644\u0645 \u0647\u0630\u0627 - \u0623\u062a\u0631\u062f\u062f 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\u0644\u0644\u0645\u0633\u0627\u0621\u0644\u0629<\/li>\n      <\/ul>\n      <div class=\"highlight-container-deluxe-778\">\n        <strong class=\"accent-header-bold-334\">\u0627\u0646\u0639\u0643\u0627\u0633:<\/strong><br>\n        \u0642\u0628\u0644 \u0639\u0627\u0645\u064a\u0646\u060c \u0643\u062f\u062a\u064f \u0623\u0641\u0633\u062f \u062e\u0637\u062a\u064a \u0628\u0633\u0628\u0628 \u062a\u0635\u0641\u062d\u064a \u0639\u0646\u0627\u0648\u064a\u0646 \u0627\u0644\u0623\u062e\u0628\u0627\u0631 \u0627\u0644\u0645\u062a\u0634\u0627\u0626\u0645\u0629 \u0639\u0646 \u0627\u0644\u0631\u0643\u0648\u062f\u061b \u0644\u0643\u0646 \u0645\u0646\u062a\u062f\u0649\u064b \u0645\u062c\u062a\u0645\u0639\u064a\u064b\u0627 (\u0645\u0644\u064a\u0626\u064b\u0627 \u0628\u062a\u0630\u0643\u064a\u0631\u0627\u062a &quot;\u0644\u0627 \u062a\u0641\u0639\u0644 \u0634\u064a\u0626\u064b\u0627!&quot;) \u0623\u0639\u0627\u062f\u0646\u064a \u0625\u0644\u0649 \u0627\u0644\u0645\u0633\u0627\u0631 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class=\"list-item-spaced-112\"><strong>\u0633\u0641\u064a\u0646 \u0645\u0646 \u063a\u0646\u062a<\/strong> \u0628\u062f\u0623 \u0628\u062b\u0644\u0627\u062b\u0629 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0645\u062a\u062f\u0627\u0648\u0644\u0629\u060c \u062c\u0645\u064a\u0639\u0647\u0627 \u0645\u0648\u0632\u0639\u0629\u060c \u0639\u0628\u0631 \u0628\u0646\u0643 \u0645\u062d\u0644\u064a. \u0628\u0639\u062f \u0639\u0627\u0645\u064a\u0646\u060c \u0627\u0646\u062a\u0642\u0644 \u0625\u0644\u0649 \u0635\u0646\u062f\u0648\u0642 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0645\u062a\u062f\u0627\u0648\u0644 \u0639\u0627\u0644\u0645\u064a \u062a\u0631\u0627\u0643\u0645\u064a \u0648\u0627\u062d\u062f \u0639\u0644\u0649 \u0645\u0646\u0635\u0629 DeGiro\u060c \u0648\u062d\u0633\u0651\u0646 \u0639\u0648\u0627\u0626\u062f\u0647 \u0628\u0639\u062f \u0627\u0644\u0636\u0631\u064a\u0628\u0629 \u0628\u0645\u0642\u062f\u0627\u0631 0.45% \u0633\u0646\u0648\u064a\u064b\u0627. \u0627\u0644\u062f\u0631\u0633 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u061f \u0627\u0644\u0628\u0633\u0627\u0637\u0629 \u0648\u0627\u0644\u0643\u0641\u0627\u0621\u0629 \u0627\u0644\u0636\u0631\u064a\u0628\u064a\u0629 \u0623\u0641\u0636\u0644 \u0645\u0646 \u0627\u0644\u0645\u062d\u0627\u0641\u0638 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 &quot;\u0627\u0644\u0631\u0627\u0642\u064a\u0629&quot;.\n        <\/li>\n        <li class=\"list-item-spaced-112\"><strong>\u0623\u0646\u0627\u064a\u064a\u0633 \u0641\u064a \u0628\u0631\u0648\u0643\u0633\u0644<\/strong> \u0627\u062e\u062a\u0627\u0631\u062a \u0635\u0646\u062f\u0648\u0642\u064b\u0627 \u0639\u0627\u0644\u0645\u064a\u064b\u0627 \u0630\u0627 \u062a\u0635\u0646\u064a\u0641 ESG \u0623\u0639\u0644\u0649\u060c \u0645\u0639\u062a\u0642\u062f\u0629\u064b \u0623\u0646 &quot;\u0627\u0644\u062a\u0635\u0646\u064a\u0641&quot; \u0648\u062d\u062f\u0647 \u0647\u0648 \u0627\u0644\u0645\u0647\u0645. \u0628\u0639\u062f \u0645\u0631\u0627\u062c\u0639\u0629 \u062f\u0642\u064a\u0642\u0629 (\u0648\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u062d\u0627\u0633\u0628\u0629 \u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629)\u060c \u0648\u062c\u062f\u062a \u0623\u0646 \u0646\u0633\u0628\u0629 \u0627\u0644\u0645\u0635\u0631\u0648\u0641\u0627\u062a \u0627\u0644\u0625\u0636\u0627\u0641\u064a\u0629 \u062a\u064f\u062d\u064a\u0651\u062f \u0623\u064a \u0623\u062f\u0627\u0621 \u0645\u062a\u0641\u0648\u0642. \u062f\u0631\u0633 \u0645\u0633\u062a\u0641\u0627\u062f\u061f \u062a\u062d\u0642\u0642 \u062f\u0627\u0626\u0645\u064b\u0627 \u0645\u0646 \u0627\u0644\u062a\u0643\u0627\u0644\u064a\u0641. <em>\u0636\u062f<\/em> \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u062d\u062a\u0645\u0644\u0629.\n        <\/li>\n        <li class=\"list-item-spaced-112\"><strong>\u0628\u064a\u062a\u0631 \u0641\u064a \u0644\u0648\u0641\u064a\u0646<\/strong>\u0628\u0639\u062f \u0623\u0646 \u062a\u0639\u0628 \u0645\u0646 &quot;\u062a\u0648\u0642\u064a\u062a&quot; \u0623\u0648\u0644 \u0627\u0646\u062e\u0641\u0627\u0636 \u0641\u064a \u0627\u0644\u0633\u0648\u0642\u060c \u0623\u0635\u0628\u062d \u0627\u0644\u0622\u0646 \u064a\u064f\u062c\u0631\u064a \u0639\u0645\u0644\u064a\u0627\u062a \u0634\u0631\u0627\u0621 \u0645\u0633\u0628\u0642\u0629 \u0644\u062c\u0645\u064a\u0639 \u0635\u0641\u0642\u0627\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0641\u064a \u0628\u062f\u0627\u064a\u0629 \u0643\u0644 \u0639\u0627\u0645. \u0627\u0644\u0627\u0646\u0641\u0635\u0627\u0644 \u0627\u0644\u0639\u0627\u0637\u0641\u064a\u060c \u0643\u0645\u0627 \u064a\u0642\u0648\u0644 \u0628\u064a\u062a\u0631\u060c &quot;\u0623\u0634\u0628\u0647 \u0628\u0628\u0644\u062c\u064a\u0643\u064a \u0645\u0646 \u0627\u0644\u0628\u064a\u0631\u0629!&quot;\n        <\/li>\n      <\/ol>\n\n      <div class=\"country-fact-box-855\">\n        <strong>\u0647\u0644 \u062a\u0639\u0644\u0645\u061f<\/strong>  \n        \u0627\u0639\u062a\u0628\u0627\u0631\u064b\u0627 \u0645\u0646 \u0639\u0627\u0645 \u0662\u0660\u0662\u0663\u060c \u0635\u064f\u0646\u0641\u062a \u0628\u0644\u062c\u064a\u0643\u0627 \u0645\u0646 \u0628\u064a\u0646 \u0623\u0641\u0636\u0644 \u062e\u0645\u0633 \u062f\u0648\u0644 \u0641\u064a \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0645\u0646 \u062d\u064a\u062b &quot;\u0635\u0627\u0641\u064a \u062a\u062f\u0641\u0642\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629&quot; \u0625\u0644\u0649 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0644\u0644\u0641\u0631\u062f \u0627\u0644\u0648\u0627\u062d\u062f. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0644\u0627 \u064a\u0632\u0627\u0644 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\u0647\u0644 \u0648\u0627\u062c\u0647\u062a\u064e \u0645\u0634\u0643\u0644\u0629\u064b \u063a\u0631\u064a\u0628\u0629\u064b \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629\u060c \u0623\u0648 \u0627\u0643\u062a\u0634\u0641\u062a\u064e \u0628\u0646\u0641\u0633\u0643\u064e \u062e\u062f\u0639\u0629\u064b \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629\u064b \u0628\u0644\u062c\u064a\u0643\u064a\u0629\u064b\u061f \u0634\u0627\u0631\u0643 \u062a\u062c\u0631\u0628\u062a\u0643 \u0645\u0639 \u0627\u0644\u0622\u062e\u0631\u064a\u0646\u060c \u0641\u0627\u0644\u062d\u0643\u0645\u0629 \u0627\u0644\u062c\u0645\u0627\u0639\u064a\u0629 \u0647\u064a \u0645\u0627 \u064a\u062c\u0639\u0644 \u0645\u062c\u062a\u0645\u0639 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a \u0641\u0631\u064a\u062f\u064b\u0627 \u0648\u062f\u0627\u0639\u0645\u064b\u0627.\n        <\/p>\n      <\/div>\n    <\/article>\n  <\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-cover alignfull is-light has-parallax\"><div class=\"wp-block-cover__image-background wp-image-1246 size-large has-parallax\" style=\"background-position:50% 50%;background-image:url(https:\/\/doineurope.com\/wp-content\/uploads\/2025\/08\/smartphone-financial-charts-clipboard-data-2.jpeg)\"><\/div><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\" style=\"background-color:#b2a89d\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<p class=\"has-text-align-center has-large-font-size\"><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"content-block-4\">\n<div class=\"blogmaster-pro-container\">\n  <div class=\"content-wrapper-premium-847\">\n    <article id=\"unique-article-container-id-2847\">\n\n      <h2 class=\"subheader-tier2-designation-924\" id=\"summary-strategic-guide\">\u0627\u0644\u062f\u0644\u064a\u0644 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u0641\u064a \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627: \u0627\u0644\u0646\u0642\u0627\u0637 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629<\/h2>\n      <p>\n        \u0639\u0646\u062f \u0627\u0644\u0646\u0638\u0631 \u0625\u0644\u0649 \u0631\u062d\u0644\u062a\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0627\u0644\u062e\u0627\u0635\u0629 (\u0645\u0639 \u0643\u0644 \u0623\u062e\u0637\u0627\u0626\u0647\u0627 \u0648\u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0627\u0644\u0645\u0641\u0627\u062c\u0626\u0629)\u060c \u0647\u0646\u0627\u0643 \u0628\u0639\u0636 &quot;\u0627\u0644\u062d\u0642\u0627\u0626\u0642&quot; \u0627\u0644\u062a\u064a \u062a\u0648\u0635\u0644\u062a 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class=\"list-item-spaced-112\">\u0625\u0639\u0637\u0627\u0621 \u0627\u0644\u0623\u0648\u0644\u0648\u064a\u0629 \u0644\u0644\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629 \u0628\u0639\u062f \u0627\u0644\u0636\u0631\u0627\u0626\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u0628\u0627\u0644\u063a\u0629 \u0623\u0648 \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0623\u0648 \u0627\u0644\u0623\u062c\u0631\u0627\u0633 \u0648\u0627\u0644\u0635\u0641\u0627\u0631\u0627\u062a<\/li>\n      <\/ul>\n      <div class=\"highlight-container-deluxe-778\">\n        <strong class=\"accent-header-bold-334\">\u062e\u0637\u0648\u0629 \u0627\u0644\u0639\u0645\u0644:<\/strong><br>\n        \u0627\u062e\u062a\u0631 \u0634\u064a\u0626\u064b\u0627 \u0648\u0627\u062d\u062f\u064b\u0627 \u0644\u062a\u062d\u0633\u064a\u0646\u0647 \u0641\u064a \u0645\u062d\u0641\u0638\u062a\u0643 \u0647\u0630\u0627 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 - \u0633\u0648\u0627\u0621\u064b \u0643\u0627\u0646 \u062f\u0645\u062c \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629\u060c \u0623\u0648 \u0625\u062c\u0631\u0627\u0621 \u0645\u062d\u0627\u0643\u0627\u0629 \u0644\u0644\u062a\u0643\u0627\u0644\u064a\u0641\u060c \u0623\u0648 \u0628\u0628\u0633\u0627\u0637\u0629 \u062a\u062f\u0648\u064a\u0646 \u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a - \u0648\u0627\u0644\u062a\u0632\u0645 \u0628\u0647. \u0627\u0644\u062a\u063a\u064a\u064a\u0631 \u0647\u0648 \u0627\u0644\u0623\u0641\u0636\u0644. <em>\u062a\u062f\u0631\u064a\u062c\u064a\u0627<\/em>\u060c \u0644\u064a\u0633 \u0643\u0644\u0647\u0627 \u0645\u0631\u0629 \u0648\u0627\u062d\u062f\u0629.\n      <\/div>\n      <blockquote class=\"quote-block-premium-445\">\n        &quot;\u0625\u0646 \u0623\u0647\u0645 \u062c\u0632\u0621 \u0641\u064a \u062e\u0637\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0647\u0648 \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645 \u0628\u0647\u0627\u060c \u062e\u0627\u0635\u0629 \u0639\u0646\u062f\u0645\u0627 \u064a\u0628\u062f\u0648 \u0623\u0646 \u0627\u0644\u062c\u0645\u064a\u0639 \u064a\u062a\u062e\u0644\u0648\u0646 \u0639\u0646 \u062e\u0637\u0637\u0647\u0645.&quot;\n        <span class=\"quote-author\">\u2014\u062f\u064a\u0641\u064a\u062f \u0633\u0648\u064a\u0646\u0633\u0646\u060c \u0645\u062f\u064a\u0631 \u0635\u0646\u062f\u0648\u0642 \u064a\u064a\u0644<\/span>\n      <\/blockquote>\n\n      <h2 class=\"subheader-tier2-designation-924\" id=\"future-proofing\">\u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u062a\u0643 \u0645\u0648\u0627\u0643\u0628\u0629 \u0644\u0644\u0645\u0633\u062a\u0642\u0628\u0644 \u0648\u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u062a\u0643\u064a\u0641<\/h2>\n      <p>\n        \u0625\u0630\u0627 \u062a\u0639\u0644\u0645\u062a\u064f \u0634\u064a\u0626\u064b\u0627 \u0645\u0646 \u0627\u0644\u0639\u0642\u062f \u0627\u0644\u0645\u0627\u0636\u064a (\u062e\u0631\u0648\u062c \u0628\u0631\u064a\u0637\u0627\u0646\u064a\u0627 \u0645\u0646 \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u060c \u0648\u0627\u0644\u0623\u0632\u0645\u0627\u062a \u0627\u0644\u0635\u063a\u064a\u0631\u0629 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648\u060c \u0648\u0627\u0646\u062a\u0634\u0627\u0631 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0639\u0627\u0644\u0645\u064a\u064b\u0627)\u060c \u0641\u0647\u0648 \u0623\u0646 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a \u0633\u064a\u0633\u062a\u0645\u0631 \u0641\u064a \u0627\u0644\u062a\u0637\u0648\u0631. \u0623\u0641\u0636\u0644 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0633\u0644\u0628\u064a\u0629 \u0644\u064a\u0633\u062a \u062b\u0627\u0628\u062a\u0629\u061b \u0628\u0644 \u0645\u0631\u0646\u0629\u060c \u0648\u0645\u064f\u062d\u0633\u0651\u0646\u0629 \u0644\u0644\u0642\u0648\u0627\u0646\u064a\u0646 \u0648\u0645\u062c\u0645\u0648\u0639\u0627\u062a \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u062d\u0627\u0644\u064a\u0629\u060c \u0648\u0644\u0643\u0646\u0647\u0627 \u062c\u0627\u0647\u0632\u0629 \u0644\u0644\u062a\u0643\u064a\u0641. \u0628\u0635\u0631\u0627\u062d\u0629: \u0644\u0627 \u062a\u062a\u0645\u0633\u0643 \u0628\u0635\u0646\u062f\u0648\u0642 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0645\u062a\u062f\u0627\u0648\u0644 \u0623\u0648 \u0648\u0633\u064a\u0637 \u0645\u064f\u062d\u062f\u062f - \u0641\u0627\u0644\u0644\u0648\u0627\u0626\u062d \u0648\u0627\u0644\u0631\u0633\u0648\u0645\u060c \u0648\u062d\u062a\u0649 &quot;\u0627\u0644\u0636\u0631\u0627\u0626\u0628&quot; \u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u062a\u063a\u064a\u064a\u0631. \u0631\u0627\u062c\u0639\u0647\u0627 \u0645\u0631\u0629 \u0648\u0627\u062d\u062f\u0629 \u0633\u0646\u0648\u064a\u064b\u0627\u060c \u0648\u062a\u0627\u0628\u0639 \u0625\u0635\u062f\u0627\u0631\u0627\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u062f\u0648\u0644\u064a\u0629\u060c \u0648\u0644\u0627 \u062a\u062a\u0631\u062f\u062f \u0641\u064a \u062a\u062d\u062f\u064a\u062b \u0642\u0648\u0627\u0639\u062f\u0643 \u0627\u0644\u0645\u0643\u062a\u0648\u0628\u0629 \u0645\u0639 \u062a\u063a\u064a\u0631 \u0627\u0644\u0639\u0627\u0644\u0645 (\u0648\u062d\u064a\u0627\u0629\u0643).<a href=\"#ref-7\" class=\"reference-marker-inline-951\">7<\/a>\n      <\/p>\n      <p>\n        \u0648\u0644\u0645\u0646 \u064a\u0634\u0639\u0631 \u0628\u0627\u0644\u0625\u0631\u0647\u0627\u0642\u061f \u0627\u0639\u0644\u0645\u0648\u0627 \u0623\u0646 \u062d\u062a\u0649 \u0623\u0643\u062b\u0631 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646 \u062e\u0628\u0631\u0629\u064b \u064a\u0648\u0627\u062c\u0647\u0648\u0646 \u0644\u062d\u0638\u0627\u062a \u0645\u0646 \u0627\u0644\u0627\u0631\u062a\u0628\u0627\u0643 \u0648\u0627\u0644\u062a\u0631\u062f\u062f - \u0627\u0644\u0645\u0647\u0645 \u0647\u0648 \u0627\u0644\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0641\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0648\u0627\u0644\u062a\u0639\u0644\u0645 \u0648\u0645\u0634\u0627\u0631\u0643\u0629 \u0627\u0644\u0623\u0641\u0643\u0627\u0631. \u0645\u0627 \u0632\u0644\u062a\u064f \u0623\u064f\u0639\u062f\u0651\u0644 \u062e\u0637\u062a\u064a \u0627\u0644\u062e\u0627\u0635\u0629 (\u0648\u0647\u064a \u0623\u0628\u0633\u0637 \u0628\u0643\u062b\u064a\u0631 \u0645\u0645\u0627 \u0643\u0627\u0646\u062a \u0639\u0644\u064a\u0647 \u0639\u0646\u062f\u0645\u0627 \u0628\u062f\u0623\u062a)\u060c \u0648\u0622\u0645\u0644 \u0623\u0646 \u062a\u0633\u0627\u0639\u062f\u0643 \u0647\u0630\u0647 \u0627\u0644\u0646\u0635\u0627\u0626\u062d \u0648\u0627\u0644\u0623\u062e\u0637\u0627\u0621 \u0648\u0627\u0644\u0642\u0635\u0635 \u0641\u064a \u0635\u064a\u0627\u063a\u0629 \u0646\u0647\u062c \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u0627\u0644\u0623\u0645\u062b\u0644 \u0648\u0627\u0644\u0647\u0627\u062f\u0626 \u0627\u0644\u0630\u064a \u062a\u0633\u062a\u062d\u0642\u0648\u0646\u0647.\n      <\/p>\n      <div class=\"country-fact-box-855\">\n        <strong>\u0647\u0644 \u062a\u0639\u0644\u0645\u061f<\/strong>  \n        \u0645\u064a\u0644\u0627\u0646\u0648 \u0648\u0623\u0645\u0633\u062a\u0631\u062f\u0627\u0645 \u0645\u0631\u0643\u0632\u0627\u0646 \u0645\u062a\u0646\u0627\u0645\u064a\u0627\u0646 \u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629\u060c \u0648\u062a\u064f\u0637\u0631\u062d \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u062c\u062f\u064a\u062f\u0629 \u0628\u0627\u0646\u062a\u0638\u0627\u0645 \u0645\u0639 \u0645\u0631\u0627\u0639\u0627\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646. \u064a\u062a\u063a\u064a\u0631 \u0627\u0644\u0645\u0634\u0647\u062f \u0628\u0633\u0631\u0639\u0629\u061b \u0644\u0630\u0627 \u0631\u0627\u062c\u0639 \u062e\u064a\u0627\u0631\u0627\u062a\u0643 \u0633\u0646\u0648\u064a\u064b\u0627 \u0644\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0630\u0627\u062a \u0627\u0644\u0643\u0641\u0627\u0621\u0629 \u0627\u0644\u0636\u0631\u064a\u0628\u064a\u0629 \u0623\u0648 \u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u062d\u0648\u0643\u0645\u0629 \u0627\u0644\u0628\u064a\u0626\u064a\u0629 \u0648\u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629 \u0648\u0627\u0644\u0645\u0624\u0633\u0633\u064a\u0629.\n      <\/div>\n      <div class=\"highlight-container-deluxe-778\">\n        <strong class=\"accent-header-bold-334\">\u0627\u0646\u0636\u0645 \u0625\u0644\u0649 \u0627\u0644\u0645\u062d\u0627\u062f\u062b\u0629:<\/strong><br>\n        \u0644\u0645 \u064a\u0646\u062a\u0647\u0650 \u0623\u062d\u062f\u064c \u0645\u0646\u0627 \u0645\u0646 \u0627\u0644\u062a\u0639\u0644\u0645. \u0633\u0627\u0647\u0645 \u0641\u064a \u0645\u0646\u062a\u062f\u064a\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629 \u0648\u0634\u0627\u0631\u0643 \u0627\u0644\u062a\u062d\u062f\u064a\u062b\u0627\u062a - \u0642\u062f \u064a\u0623\u062a\u064a \u0627\u0644\u0627\u0643\u062a\u0634\u0627\u0641 \u0627\u0644\u062c\u062f\u064a\u062f \u0641\u064a \u0645\u062c\u0627\u0644 \u0627\u0644\u062a\u062d\u0633\u064a\u0646 \u0645\u0646 \u0633\u0624\u0627\u0644\u0643 \u0623\u0648 \u0627\u0643\u062a\u0634\u0627\u0641\u0643!\n      <\/div>\n      <div class=\"social-engagement-panel-477\">\n        <p>\n          \u0647\u0644 \u0643\u0627\u0646 \u0647\u0630\u0627 \u0627\u0644\u062f\u0644\u064a\u0644 \u0645\u0641\u064a\u062f\u064b\u0627\u061f \u0634\u0627\u0631\u0643\u0647 \u0645\u0639 \u0635\u062f\u064a\u0642. \u0643\u0644\u0645\u0627 \u0643\u0627\u0646 \u0645\u062c\u062a\u0645\u0639 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a \u0623\u0642\u0648\u0649 \u0648\u0623\u0643\u062b\u0631 \u0627\u0637\u0644\u0627\u0639\u064b\u0627\u060c \u0643\u0627\u0646 \u0630\u0644\u0643 \u0623\u0641\u0636\u0644 \u0644\u0645\u0633\u062a\u0642\u0628\u0644\u0646\u0627 \u0627\u0644\u0645\u0627\u0644\u064a.\n        <\/p>\n      <\/div>\n\n      <section class=\"references-section-container-952\" id=\"references\">\n        <h2 class=\"references-section-header-953\">\u0627\u0644\u0645\u0631\u0627\u062c\u0639 \u0648\u0627\u0644\u0642\u0631\u0627\u0621\u0627\u062a \u0627\u0644\u0625\u0636\u0627\u0641\u064a\u0629<\/h2>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">1<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.fsma.be\/en\/publication\/supervision-ucits\" target=\"_blank\" rel=\"noopener\">\u0647\u064a\u0626\u0629 \u0627\u0644\u0625\u0634\u0631\u0627\u0641 \u0639\u0644\u0649 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u062c\u0645\u0627\u0639\u064a \u0641\u064a \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 (UCITS) \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627<\/a>\n          <span class=\"reference-source-type-957\">\u062d\u0643\u0648\u0645\u0629<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">2<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/investor.vanguard.com\/investing\/investment-products\/index-funds\" target=\"_blank\" rel=\"noopener\">\u0641\u0627\u0646\u063a\u0627\u0631\u062f: \u0643\u064a\u0641 \u062a\u0639\u0645\u0644 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a<\/a>\n          <span class=\"reference-source-type-957\">\u0635\u0646\u0627\u0639\u0629<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">3<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/financien.belgium.be\/en\/individuals\/taxes-on-securities-accounts\" target=\"_blank\" rel=\"noopener\">\u0648\u0632\u0627\u0631\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629: \u0627\u0644\u0636\u0631\u064a\u0628\u0629 \u0639\u0644\u0649 \u062d\u0633\u0627\u0628\u0627\u062a \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629<\/a>\n          <span class=\"reference-source-type-957\">\u062d\u0643\u0648\u0645\u0629<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">4<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=254399\" target=\"_blank\" rel=\"noopener\">\u0625\u0644\u062a\u0648\u0646\u060c \u062c\u0631\u0648\u0628\u0631\u060c \u062f\u0627\u0633\u060c \u0647\u0644\u0627\u0641\u0643\u0627. &quot;\u0627\u0644\u0643\u0641\u0627\u0621\u0629 \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u064f\u0641\u0647\u0631\u0633\u0629 \u0648\u0627\u0644\u0645\u064f\u062f\u0627\u0631\u0629 \u0628\u0646\u0634\u0627\u0637&quot; (\u0661\u0669\u0669\u0663)<\/a>\n          <span class=\"reference-source-type-957\">\u0623\u0643\u0627\u062f\u064a\u0645\u064a<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">5<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=984463\" target=\"_blank\" rel=\"noopener\">\u0643\u064a\u0646\u064a\u062b \u0631. \u0641\u0631\u064a\u0646\u0634\u060c &quot;\u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0646\u0634\u0637&quot; (2008)<\/a>\n          <span class=\"reference-source-type-957\">\u0623\u0643\u0627\u062f\u064a\u0645\u064a<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">6<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.morningstar.com\/en-be\/news\/236168\/the-belgian-index-investing-landscape.aspx\" target=\"_blank\" rel=\"noopener\">\u0645\u0648\u0631\u0646\u064a\u0646\u062c \u0633\u062a\u0627\u0631 - \u0627\u0644\u0645\u0634\u0647\u062f \u0627\u0644\u0639\u0627\u0645 \u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629 2023<\/a>\n          <span class=\"reference-source-type-957\">\u0635\u0646\u0627\u0639\u0629<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">7<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.efama.org\/sites\/default\/files\/files\/EFAMA_FactSheet_ETFs_Belgium.pdf\" target=\"_blank\" rel=\"noopener\">EFAMA - \u0635\u062d\u064a\u0641\u0629 \u062d\u0642\u0627\u0626\u0642 \u0633\u0648\u0642 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u0629 (2023)<\/a>\n          <span class=\"reference-source-type-957\">\u062a\u0642\u0631\u064a\u0631 \u0627\u0644\u0635\u0646\u0627\u0639\u0629<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">8<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/ec.europa.eu\/info\/business-economy-euro\/banking-and-finance\/securities-markets_en\" target=\"_blank\" rel=\"noopener\">\u0627\u0644\u0645\u0641\u0648\u0636\u064a\u0629 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629: \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629<\/a>\n          <span class=\"reference-source-type-957\">\u062d\u0643\u0648\u0645\u0629<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">9<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.nbb.be\/en\/statistics\/financial-accounts-and-investments\/statistics-households\" target=\"_blank\" rel=\"noopener\">\u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0648\u0637\u0646\u064a \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a: \u0627\u0644\u0623\u0633\u0631 \u0648\u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0627\u0644\u064a\u0629<\/a>\n          <span class=\"reference-source-type-957\">\u062d\u0643\u0648\u0645\u0629<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">10<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/library\/esma50-165-2639_etf_report_2022.pdf\" target=\"_blank\" rel=\"noopener\">\u0647\u064a\u0626\u0629 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 (ESMA) - \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0648\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0648\u0627\u0644\u062b\u063a\u0631\u0627\u062a \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0627\u062a\u062d\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a<\/a>\n          <span class=\"reference-source-type-957\">\u0645\u0646\u0638\u0645<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">11<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.tilburguniversity.edu\/sites\/default\/files\/download\/Optimizing-Passive-Investing-BE-ETFs.pdf\" target=\"_blank\" rel=\"noopener\">\u062c\u0627\u0645\u0639\u0629 \u062a\u064a\u0644\u0628\u0648\u0631\u063a: &quot;\u062a\u062d\u0633\u064a\u0646 \u0645\u062d\u0627\u0641\u0638 \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0633\u0644\u0628\u064a\u0629 \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627&quot;<\/a>\n          <span class=\"reference-source-type-957\">\u0623\u0643\u0627\u062f\u064a\u0645\u064a<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">12<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.ft.com\/content\/53a6b830-1aa9-11e9-b93c-0c7a43c6c5e7\" target=\"_blank\" rel=\"noopener\">\u0641\u0627\u064a\u0646\u0627\u0646\u0634\u0627\u0644 \u062a\u0627\u064a\u0645\u0632 - &quot;\u062a\u062d\u0648\u0644\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0629 \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627&quot;<\/a>\n          <span class=\"reference-source-type-957\">\u0623\u062e\u0628\u0627\u0631<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">13<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.morningstar.com\/articles\/968201\/european-etfs-faqs\" target=\"_blank\" rel=\"noopener\">\u0645\u0648\u0631\u0646\u064a\u0646\u062c \u0633\u062a\u0627\u0631 - &quot;\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629: \u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629&quot;<\/a>\n          <span class=\"reference-source-type-957\">\u0635\u0646\u0627\u0639\u0629<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">14<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/www.economist.com\/finance-and-economics\/2019\/12\/12\/the-rise-of-index-investing-in-europe\" target=\"_blank\" rel=\"noopener\">\u0627\u0644\u0625\u064a\u0643\u0648\u0646\u0648\u0645\u064a\u0633\u062a - &quot;\u0635\u0639\u0648\u062f \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627&quot;<\/a>\n          <span class=\"reference-source-type-957\">\u0623\u062e\u0628\u0627\u0631<\/span>\n        <\/div>\n        <div class=\"reference-item-container-954\">\n          <span class=\"reference-number-badge-955\">15<\/span>\n          <a class=\"reference-link-styled-956\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3143\" target=\"_blank\" rel=\"noopener\">\u0641\u0627\u0645\u0627\u060c \u064a\u0648\u062c\u064a\u0646. &quot;\u0627\u0644\u0645\u0634\u064a \u0627\u0644\u0639\u0634\u0648\u0627\u0626\u064a \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0647\u0645&quot; (\u0661\u0669\u0667\u0660)<\/a>\n          <span class=\"reference-source-type-957\">\u0623\u0643\u0627\u062f\u064a\u0645\u064a<\/span>\n        <\/div>\n      <\/section>\n    <\/article>\n  <\/div>\n<\/div>\n<\/div>\n\n\n\n\n<figure class=\"wp-block-image alignfull size-full\"><img decoding=\"async\" src=\"https:\/\/doineurope.com\/wp-content\/uploads\/2025\/08\/smartphone-financial-charts-clipboard-data-3.jpeg\" alt=\"\" class=\"wp-image-1251\"\/><\/figure>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>\u0623\u0641\u0636\u0644 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0644\u062a\u062d\u0633\u064a\u0646 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0641\u064a \u0628\u0644\u062c\u064a\u0643\u0627. \u062f\u0639\u0648\u0646\u0627 \u0644\u0627 \u0646\u0637\u064a\u0644 \u0627\u0644\u062d\u062f\u064a\u062b: \u0644\u0642\u062f \u062a\u062d\u0648\u0644 &quot;\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0633\u0644\u0628\u064a&quot; \u0645\u0646 \u0645\u0645\u0627\u0631\u0633\u0629 \u0645\u062d\u062f\u0648\u062f\u0629 \u062a\u064f\u0646\u0627\u0642\u0634 \u0641\u064a \u0642\u0627\u0639\u0627\u062a \u0627\u0644\u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u062c\u0627\u0645\u0639\u064a\u0629 \u0625\u0644\u0649 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0630\u0643\u064a\u0629 \u0645\u0641\u0636\u0644\u0629 \u0644\u062f\u0649 \u0639\u0634\u0631\u0627\u062a \u0627\u0644\u0622\u0644\u0627\u0641 \u0645\u0646 \u0627\u0644\u0628\u0644\u062c\u064a\u0643\u064a\u064a\u0646\u060c \u0648\u0644\u0633\u0628\u0628 \u0648\u062c\u064a\u0647. \u0639\u0646\u062f\u0645\u0627 \u0641\u062a\u062d\u062a\u064f \u062d\u0633\u0627\u0628\u064a \u0644\u0623\u0648\u0644 \u0645\u0631\u0629 [...]<\/p>","protected":false},"author":10,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":4,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[247,240],"tags":[567,839,576],"class_list":["post-1893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-belgium","category-business-economics","tag-belgium","tag-index-funds","tag-invest"],"_genesis_description":"Discover actionable strategies and essential tips for optimizing passive investing in Belgian index funds. Master ETF selection, minimize taxes, and avoid common pitfalls in the Belgian market.","_links":{"self":[{"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/posts\/1893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/comments?post=1893"}],"version-history":[{"count":1,"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/posts\/1893\/revisions"}],"predecessor-version":[{"id":1899,"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/posts\/1893\/revisions\/1899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/media?parent=1893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/categories?post=1893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/doineurope.com\/ar\/wp-json\/wp\/v2\/tags?post=1893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}