<h2>关键要点</h2>
<ul>
<li>国际股票今年正经历大规模资金流入。</li>
<li>SPEM ETF 的表现优于跟踪 S&amp;P 500 和 Russell 3000 的 ETF。</li>
<li>投资于新兴市场和国际股票可以成为投资组合的重要多元化工具。</li>
<li>我们更看好的 10 只股票超过了 State Street SPDR Portfolio Emerging Markets ETF ›</li>
</ul>
<p>截至 2026 年，国际和新兴市场股票及交易所交易基金（ETF）受到越来越多的关注。根据 <strong>美国银行</strong> 今年早些时候的研究，流入国际股票的资金是流入美国股票的四倍。</p>
<p>原因有很多，但主要是投资者正在多元化其投资组合，远离美国股票，尤其是大型股，这些股票在经历了三年的牛市后普遍被高估。此外，国际和新兴市场股票受益于美元走弱、货币政策宽松以及基础设施投资激增，以及人工智能（AI）繁荣等多种因素。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2NjAzNC9nZXR0eWltYWdlcy0yMTk3NjU1MzQ5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2NjAzNC9nZXR0eWltYWdlcy0yMTk3NjU1MzQ5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>多元化始终很重要，但现在尤其显得更加重要，特别是对于那些在牛市期间其投资组合因大型美国成长股而变得过于集中于某一类资产的投资者。这意味着，进行国际股票和投资于发达国家及新兴市场公司的 ETF 的多元化是明智的选择。</p>
<p>进入新兴市场的一个好方法是通过 <strong>State Street SPDR Portfolio Emerging Markets ETF</strong>（NYSEMKT: SPEM）。</p>
<h2>覆盖新兴市场的各个领域</h2>
<p>State Street SPDR Portfolio Emerging Markets ETF 为投资者提供了接触新兴市场股票的机会，持有大约 3000 只股票。</p>
<p>它跟踪 S&amp;P 新兴市场 BMI 指数，提供对新兴市场股票的广泛曝光。广泛的意思是所有可投资的新兴市场，包括大型、中型和小型股票。</p>
<p>在我写这篇文章时，该 ETF 持有来自 30 个不同新兴市场的 2983 只股票。约 29% 的投资组合由中国股票构成，28% 来自台湾，16% 来自印度。巴西股票占 5%，南非和沙特阿拉伯各占 3%。</p>
<p>科技是最大的行业，占该 ETF 的 28%，其次是金融行业占 21%，消费品可选行业占 10%。</p>
<p>前三大持股是 <strong>台湾半导体</strong>、来自中国的 <strong>腾讯控股</strong> 和同样来自中国的 <strong>阿里巴巴集团</strong>。</p>
<h2>超越 S&amp;P 500 和 Russell 3000</h2>
<p>SPEM 年初至今回报率为 9%，超过了 <strong>S&amp;P 500</strong> 和广泛市场的 <strong>Russell 3000</strong>。在过去一年中，它的回报率为 30%。在过去五年和十年中，它的表现不如美国同行，但那段时间对美国股票来说是强劲的周期。</p>
<p>市场是周期性的，一些专家，包括 Vanguard 的专家，预计国际股票在未来十年将超越美国股票，因此与新兴市场的多元化变得至关重要。</p>
<p>凭借其广泛的曝光，这只 ETF 是那些对新兴市场没有深入了解但希望进行多元化投资的投资者的一个不错选择。你不必占据一个主要位置，但即使是对像这样的新兴市场 ETF 的小额配置也可以为应对波动的美国市场提供良好的平衡。</p>
<h2>你现在应该购买 State Street SPDR Portfolio Emerging Markets ETF 的股票吗？</h2>
<p>在你购买 State Street SPDR Portfolio Emerging Markets ETF 的股票之前，请考虑以下几点：</p>
<p><em>Motley Fool Stock Advisor</em> 分析团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 State Street SPDR Portfolio Emerging Markets ETF 并不在其中。这 10 只入选的股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 496,797 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,282,815 美元</strong>！*</p>
<p>现在，值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 979%——相比之下，S&amp;P 500 的回报率为 200%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回报截至 2026 年 4 月 30 日。</em></p>
<p><em>美国银行是 Motley Fool Money 的广告合作伙伴。Dave Kovaleski 在提到的任何股票中没有持仓。Motley Fool 持有并推荐台湾半导体制造和腾讯。Motley Fool 推荐阿里巴巴集团。Motley Fool 有披露政策。</em></p>
<p>本文中表达的观点和意见是作者的观点和意见，并不一定反映纳斯达克公司的观点。</p>

SPDR新兴市场投资组合ETF

2 倍做多 BABA ETF - GraniteShares

2 倍做多阿里巴巴 ETF - KraneShares

<p>State Street SPDR 投资组合新兴市场 ETF（SPEM）追踪大约 3,000 个持股，涵盖中国、印度和巴西等多个新兴市场。它的表现超过了主要的美国指数，今年迄今为止回报率为 9%，过去一年回报率为 30%。随着国际股票流入的增加，SPEM 为希望在美国市场波动中平衡投资组合的投资者提供了多样化的机会。该 ETF 的主要持股包括台积电、腾讯和阿里巴巴，推荐给那些希望接触新兴市场但对该领域没有深入了解的投资者</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键要点</h2>
</div><ul>
<li>International stocks are seeing massive inflows this year.</li>
<li>The SPEM ETF has outperformed ETFs that track the S&amp;P 500 and the Russell 3000.</li>
<li>Investing in emerging markets and international stocks can be a key portfolio diversifier.</li>
<li>10 stocks we like better than State Street SPDR Portfolio Emerging Markets ETF ›</li>
</ul>
<div class="lb-trans"><ul>
<li>国际股票今年正经历大规模资金流入。</li>
<li>SPEM ETF 的表现优于跟踪 S&amp;P 500 和 Russell 3000 的 ETF。</li>
<li>投资于新兴市场和国际股票可以成为投资组合的重要多元化工具。</li>
<li>我们更看好的 10 只股票超过了 State Street SPDR Portfolio Emerging Markets ETF ›</li>
</ul>
</div><p>So far in 2026, there has been increasing interest in international and emerging-market stocks and exchange-traded funds (ETFs). According to research from <strong>Bank of America</strong> earlier this year, four times more money is flowing into international stocks than U.S. stocks.</p>
<div class="lb-trans"><p>截至 2026 年，国际和新兴市场股票及交易所交易基金（ETF）受到越来越多的关注。根据 <strong>美国银行</strong> 今年早些时候的研究，流入国际股票的资金是流入美国股票的四倍。</p>
</div><p>There are several reasons, but mainly it is a sign of investors diversifying away from U.S. equities, mainly large-cap stocks, which have generally become overvalued after a three-year bull market. Also, international and emerging market stocks are benefiting from a weaker dollar, favorable monetary policy, and a surge in infrastructure investments, as well as the broadening artificial intelligence (AI) boom, among other reasons.</p>
<div class="lb-trans"><p>原因有很多，但主要是投资者正在多元化其投资组合，远离美国股票，尤其是大型股，这些股票在经历了三年的牛市后普遍被高估。此外，国际和新兴市场股票受益于美元走弱、货币政策宽松以及基础设施投资激增，以及人工智能（AI）繁荣等多种因素。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2NjAzNC9nZXR0eWltYWdlcy0yMTk3NjU1MzQ5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F866034%2Fgettyimages-2197655349.jpg&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>Diversification is always important, but it is taking on even greater significance now, particularly for those investors whose portfolios got top-heavy with large-cap U.S. growth stocks during the bull market. That means it makes sense to diversify with both international stocks and ETFs investing in companies in developed nations, as well as those from emerging markets.</p>
<div class="lb-trans"><p>多元化始终很重要，但现在尤其显得更加重要，特别是对于那些在牛市期间其投资组合因大型美国成长股而变得过于集中于某一类资产的投资者。这意味着，进行国际股票和投资于发达国家及新兴市场公司的 ETF 的多元化是明智的选择。</p>
</div><p>One great way to tap into emerging markets is through the <strong>State Street SPDR Portfolio Emerging Markets ETF</strong>(NYSEMKT: SPEM).</p>
<div class="lb-trans"><p>进入新兴市场的一个好方法是通过 <strong>State Street SPDR Portfolio Emerging Markets ETF</strong>（NYSEMKT: SPEM）。</p>
</div><h2>Covering the gamut of emerging markets</h2>
<div class="lb-trans"><h2>覆盖新兴市场的各个领域</h2>
</div><p>The State Street SPDR Portfolio Emerging Markets ETF provides investors with access to a gamut of emerging-market stocks, with roughly 3,000 holdings.</p>
<div class="lb-trans"><p>State Street SPDR Portfolio Emerging Markets ETF 为投资者提供了接触新兴市场股票的机会，持有大约 3000 只股票。</p>
</div><p>It tracks the S&amp;P Emerging BMI Index, which offers broad exposure to emerging-market stocks. And by broad, I mean all of them -- the investable universe of emerging markets across large, mid, and small caps.</p>
<div class="lb-trans"><p>它跟踪 S&amp;P 新兴市场 BMI 指数，提供对新兴市场股票的广泛曝光。广泛的意思是所有可投资的新兴市场，包括大型、中型和小型股票。</p>
</div><p>As I write this, the ETF holds 2,983 stocks from 30 different emerging markets. About 29% of the portfolio is made up of stocks from China, while 28% are from Taiwan and 16% are from India. Stocks from Brazil make up 5%, while South Africa and Saudi Arabia account for 3% of the portfolio each.</p>
<div class="lb-trans"><p>在我写这篇文章时，该 ETF 持有来自 30 个不同新兴市场的 2983 只股票。约 29% 的投资组合由中国股票构成，28% 来自台湾，16% 来自印度。巴西股票占 5%，南非和沙特阿拉伯各占 3%。</p>
</div><p>Technology is the largest sector, making up 28% of the ETF, followed by financials at 21% and consumer discretionary stocks at 10%.</p>
<div class="lb-trans"><p>科技是最大的行业，占该 ETF 的 28%，其次是金融行业占 21%，消费品可选行业占 10%。</p>
</div><p>The top three holdings are <strong>Taiwan Semiconductor</strong>, <strong>Tencent Holdings</strong> from China, and <strong>Alibaba Group</strong>, also from China.</p>
<div class="lb-trans"><p>前三大持股是 <strong>台湾半导体</strong>、来自中国的 <strong>腾讯控股</strong> 和同样来自中国的 <strong>阿里巴巴集团</strong>。</p>
</div><h2>Beating the S&amp;P 500 and Russell 3000</h2>
<div class="lb-trans"><h2>超越 S&amp;P 500 和 Russell 3000</h2>
</div><p>SPEM has returned 9% year to date, which tops the <strong>S&amp;P 500</strong> and the broad market <strong>Russell 3000</strong>. Over the past year, it has returned 30%. It hasnʻt performed as well as its U.S. counterparts over the past five- and 10-year periods, but those have been strong cycles for U.S. stocks.</p>
<div class="lb-trans"><p>SPEM 年初至今回报率为 9%，超过了 <strong>S&amp;P 500</strong> 和广泛市场的 <strong>Russell 3000</strong>。在过去一年中，它的回报率为 30%。在过去五年和十年中，它的表现不如美国同行，但那段时间对美国股票来说是强劲的周期。</p>
</div><p>Markets go in cycles, and some experts, including some at Vanguard, expect international stocks to outperform U.S. stocks over the next decade, making diversifying with emerging markets critical.</p>
<div class="lb-trans"><p>市场是周期性的，一些专家，包括 Vanguard 的专家，预计国际股票在未来十年将超越美国股票，因此与新兴市场的多元化变得至关重要。</p>
</div><p>With its broad exposure, this ETF is a solid option for investors who donʻt have an intimate knowledge of emerging markets but are looking to diversify. You don't have to take a major position, but even a small allocation to an emerging-market ETF like this can provide good balance against volatile U.S. markets.</p>
<div class="lb-trans"><p>凭借其广泛的曝光，这只 ETF 是那些对新兴市场没有深入了解但希望进行多元化投资的投资者的一个不错选择。你不必占据一个主要位置，但即使是对像这样的新兴市场 ETF 的小额配置也可以为应对波动的美国市场提供良好的平衡。</p>
</div><h2>Should you buy stock in State Street SPDR Portfolio Emerging Markets ETF right now?</h2>
<div class="lb-trans"><h2>你现在应该购买 State Street SPDR Portfolio Emerging Markets ETF 的股票吗？</h2>
</div><p>Before you buy stock in State Street SPDR Portfolio Emerging Markets ETF, consider this:</p>
<div class="lb-trans"><p>在你购买 State Street SPDR Portfolio Emerging Markets ETF 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and State Street SPDR Portfolio Emerging Markets ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 State Street SPDR Portfolio Emerging Markets ETF 并不在其中。这 10 只入选的股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $496,797</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,282,815</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 496,797 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,282,815 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 979% — a market-crushing outperformance compared to 200% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在，值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 979%——相比之下，S&amp;P 500 的回报率为 200%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of April 30, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 4 月 30 日。</em></p>
</div><p><em>Bank of America is an advertising partner of Motley Fool Money. Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing and Tencent. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>美国银行是 Motley Fool Money 的广告合作伙伴。Dave Kovaleski 在提到的任何股票中没有持仓。Motley Fool 持有并推荐台湾半导体制造和腾讯。Motley Fool 推荐阿里巴巴集团。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>本文中表达的观点和意见是作者的观点和意见，并不一定反映纳斯达克公司的观点。</p>
</div>

SPEM Tracks 3,000 Holdings Across China, India, Brazil, South Africa, Mexico, and Other Countries. Here Is Why a Small Emerging-Markets Allocation Could Pay Off for Patient Investors

nasdaq

标普 500 指数

美国银行

英伟达

英特尔

台积电

腾讯控股

腾讯控股(ADR)

阿里巴巴

阿里巴巴-W

奈飞

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

NVIDIA Corporation

腾讯控股-R

Tencent HK SDR 10to1

腾讯控股(ADS)

阿里巴巴-WR

Alibaba HK SDR 5to1

SPEM 在中国、印度、巴西、南非、墨西哥及其他国家追踪 3000 个持仓。以下是为什么小额配置新兴市场可能为耐心的投资者带来回报的原因