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                     బ༺(Fidelity)݊˴ਗό၍ଣ
                                                         €ྡ2̨ᝄ΍Νਿږቖਯஷ༩ʱ̺
                     ਿږٙ˾ڌdՉ၍ଣʘ༟ପ஝
                     ᅼ׵2014ϋଋݴ̈247ᄂߕ
                                                         120                       █ 保險公司  █ 證券公司  █ 銀行  █ 投信公司
                     ʩdϾ஗ਗόਿږٙ˾ڌމ΋                       100
                                                                    14.4%           15.7%           16.3%
                     ቜdՉ၍ଣʘ༟ପ஝ᅼۆɪʺ                       80         3.3%            3.4%             3.9%
                     1,888ᄂߕʩf                           60
                                                                    63.4%           63.5%           64.1%
                       ˸዆᜗ҳڦุԸႭd2014                     40
                                                         20
                     ϋ˴ਗό၍ଣਿږଋݴ̈920                                 18.8%           17.3%           15.8%
                                                          0
                                                         %
                     ᄂߕʩdϾ஗ਗό၍ଣਿږۆ                                  2010            2011             2012
                                                          資料來源:Stewart Aldcroft, 2014,"Taiwan-Asia's Mutual Funds Giant",  Citi Investor Services
                     ଋݴɝ1,560ᄂߕʩfܘᜑ್
                     ٙd˴ਗό၍ଣਿږʊ஼နό
                     ฆdЇˇͦۃʊϓމᑘ˰ޫ್                    ٙҳڦʮ̡༰ᗭɪɨՉ˓dШ                   ࡰʘᑚཇՓܓ݊˸ࡈɛቖਯุ
                     ٙତ൥f                             ίІлਗዚٙᚨԴɨdҢࡁ̙                   ᐶה੭Ըٙᆤږމ˴dֵᑚٙ

                                                      ˸ཫಂᗳЧٙԫ΁ࢵ׊ʥึܵ                   ௅ʱ̕዆᜗ᑚཇˢԷԨʔ৷d
                     ࡡΪ3j                             ᚃ೯͛f                            ΪϤdଣৌਖ਼ࡰ̙ঐึΪމҳ
                     ˇᅰਿږ຾ଣɛ዁ςʔ຅                        ɰ஢͍͉૶๕ٙਂج݊΋                   ڦʮ̡הપ̈ٙڮቖਖ਼ࣩdϾ
                                                      ҷ ᜊ ਿ ږ ຾ ଣ ɛ ٙ ᑚ ཇ Փ           ˏኬ܄˒ਗ਼༟ږᔷɝίڮቖਖ਼
                       ҳ༟ɛၾਿږ຾ଣɛٙͦ                    ܓdԷνܔͭ჈ַᑚ༟ࠇ೥                    ࣩʕʘਿږdϾڢਿ׵܄˒ʘ
                     ᅺხᗭ͵Ӊ͵ᒈdπίഹʔ                     (Deferred compensation          лूϾપᑥΥቇٙਿږf
                     ʃٙ˾ଣɛਪᕚ(A g e n c y              s c h e m e s ) א ᑚ ༟ ৛ ॰         ӺՉࡡΪ̙ঐΪމ࿁܄˒Ⴉ

                     Problem)dۃ٫ࠅӋٙ݊ਿږ                (Clawback)ഃዚՓd˸ࠥ                 ᗆʔ੄ΌࠦאଉɝdᒱႭ݊˸
                     ଋ࠽ٙϓڗdϾܝ٫৛Ӌٙ݊                    Эޟא͉࣬Ӂഒਿږ຾ଣɛ༼                    ܄˒މኬΣ̹ٙఙБቖdШԫ
                     ࡈɛᑚཇৌబٙϓڗdίІл                    جٙႰΪf                            ྼɪʥ್ַ݊ᚃᔚܠၪٙପۜ
                     ਗዚٙᚨԴɨdਿږ຾ଣɛϞ                                                     ኬΣਂجdႾʘ˸ήಡόٙΌ
                     ԑ੄ٙႰΪ੽ԫ༰৷ࠬᎈٙҳ                    ࡡΪ4j                             ࡰᘩቖf
                     ༟dޟЇ⪜ϾԐᎈ༷Ԑ׵جܛ                    ᆤږᅂᚤቖਯ٫પᑥପۜ                        ਞϽՈϞආӉ׌ٙeۃᓼ׌
                     ᗙᇝdɰΪϤҳڦʮ̡ٙ࿌ࣩ                                                     ਂجٙ਷࢕ʘ΍Νਿږቖਯ
                     ᄴ̈ʔᇊf                              ̨ᝄʘ΍Νਿږʘቖਯஷ༩                   ˙όd˸ߵ਷މԷdІ2012
                       Է ν2010 ϋ ̨ ᝄ ೯ ͛ ə            ʱމვБeᗇՎʮ̡eڭᎈʮ                   ϋ 1 2 ˜ ৎ d ߵ ਷ ږ ፄ ؂ ਕ

                     ˜ޮ͍ࣩ™dᒱ್ږ၍ึԫ                     ̡˸ʿҳڦʮ̡dՉʕ̕ˢ௰                   ၍ଣ҅(Financial Services
                     ܝ࿁ҳڦ࢝කΌࠦ૶ݟdШ޴                    ৷٫މვБஷ༩dԱྡ2ʘ༟                   Authority, FSA)ຫ˟ዹͭৌਕ
                     ཞʔɮɦટഹ೯͛ə˜౷ࣸ                     ࣘᜑͪdვБஷ༩̕ˢ৷༺60                  ᚥਪ(Independent Financial
                     ࣩ™dڌͪ˴၍ዚᗫމϤ̋੶                    ĈdՉቱஷ༩ٙ̕ˢޫʔՑ20                  Advisor, IFA)ϗ՟ପۜʘቖਯ
                     ္၍ҳڦʮ̡ٙɢ༸dᜫʔӽ                    Ĉf͟׵௅ʱვБΝุଣৌਖ਼                   ˓ᚃ൬dՉϗ൬˙όҷ˸ԫ΋





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