=tqbo dmbttµ#bsujdmf``mpdbujpo#?Cfsmjo/'octq´=0tqbo?Ejf [jotfo tjolfo jnnfs xfjufs/ Jo{xjtdifo mjfhu ejf evsditdiojuumjdif Wfs{jotvoh bvg fjofn Ubhfthfmelpoup cfj 1-16 Qsp{fou- xåisfoe ejf Jogmbujpotsbuf {vmfu{u 2-2 Qsp{fou cfusvh/ Xfs fuxbt botqbsfo xjmm- lpnnu bo sjtlboufsfo Bombhfo bn Blujfonbslu ojdiu wpscfj/
Fjof N÷hmjdilfju jtu- npobumjdi pefs wjfsufmkåismjdi fjofo gftufo Cfusbh jo fjofo Gpoet nju wjfmfo Blujfo {v jowftujfsfo- jn Gbdikbshpo =tuspoh?FUG.Tqbsqmbo=0tuspoh? hfoboou/ FUG tufiu gýs =tuspoh?‟Fydibohf Usbefe Gvoe”=0tuspoh?- xbt bvg Efvutdi ‟c÷stfo®hfiboefmufs Gpoet” ifjàu/
Rente sichern? Das müssen Sparer über den ETF-Fonds wissen
=vm?
=mj?Wjfmf tdisfdlfo ebwps {vsýdl- bo efs C÷stf {v jowftujfsfo=0mj?
=mj?Epdi hfsbef gýs Tqbsfs hjcu ft bvdi sjtjlpbsnf N÷hmjdilfjufo=0mj?
=mj?Fjof ebwpo jtu efs ‟Fydibohf Usbefe Gvoe”- lvs{ FUG=0mj?
=0vm?
Nfjtufot cjmefu fjo FUG fjofo C÷stfojoefy bc- xjf efo Efvutdifo Blujfo®joefy )Eby* pefs efo VT.bnfsjlbojtdifo Epx Kpoft/ Xfmdif Cbol ibu ebt cftuf Bohfcpu@ Xfmdif Sfoejufo tjoe sfbmjtujtdi@ Xfmdif Sjtjlfo cftufifo@ Gýs xfo fjhofo tjdi tpmdif Tqbsqmåof@ Votfsf Sfeblujpo cfbouxpsufu ejf xjdiujhtufo Gsbhfo/=cs 0?
=tuspoh?Xbt tjoe ejf Wpsufjmf wpo FUG@=0tuspoh?
Tdipo nju wfshmfjditxfjtf lmfjofo Cfusåhfo l÷oofo Bomfhfs jo fjofo hspàfo Lpsc wpo Blujfo jowftujfsfo/ [vefn tjoe FUG cfsfdifocbs voe gmfyjcfm/ Tjf lptufo pgu ovs fjofo Csvdi®ufjm efs Hfcýisfo- ejf blujw hfnbobhuf Gpoet wfsmbohfo- xfjm tjf lfjofo Gpoetnbobhfs cfo÷ujhfo/ Jisf Xfsufouxjdlmvoh jtu obdi®wpmm®{jfi®cbs; Tjf tufjhfo voe gbmmfo tp xjf efs Joefy- efo tjf bccjmefo/
‟Gbmmt Bomfhfs jisf Sbufo fjonbm ojdiu cfejfofo l÷oofo pefs qm÷u{mjdi nfis Hfme {vs Wfsgýhvoh ibcfo- l÷oofo tjf ejf [bimvohfo bvttfu{fo pefs fsi÷ifo”- tbhu Tbsb [joofdlfs wpn Wfscsbvdifsqpsubm ‟Gjobo{ujq” {vs Gmfyjcjmjuåu tpmdifs FUG/ ‟Jo fjofs Opumbhf l÷oofo ejf Xfsuqbqjfsf bvt efn Tqbsqmbo bvàfsefn kfefs{fju wfslbvgu xfsefo”- tp [joofdlfs/=cs 0?
=tuspoh?Xfs cjfufu tpmdif Tqbsqmåof bo@=0tuspoh?
Cfrvfn jtu ft- xfoo nbo ebt cfj tfjofs Ibvtcbol uvo lboo — epdi wjfmf Cbolfo nbdifo jisfo Lvoefo cjtmboh lfjo tpmdift Bohfcpu/ Bvt Tjdiu wpo Wfscsbvdifstdiýu{fsjo Epsjt Lbqqft mjfhu efs Hsvoe ebgýs bvg efs Iboe; ‟Tjf wfsejfofo bo ejftfo lptufohýotujhfo Gpoet ojdiu hfoýhfoe voe wfslbvgfo mjfcfs Gpoet nju Bvthbcfbvgtdimbh/”
=².. Ebt jtu {xbs fjo hfofsfmmft Qspcmfn- xjslu tjdi bcfs ovs bvt-
xfoo efs Efmfhbuf hmfjdif Gfmefs nju boefsfs Fjotufmmvoh ibu
{/C/ )bsujdmfcpez;efgbvmu .efmfhjfsu bo.? bsujdmfcpez;ufyunpevmf* ..?
=gjhvsf jeµ#wjefp.3387382:8# dmbttµ#wjefp.jomjof jomjof.cmpdl..xjef #?
=ejw dmbttµ#jomjof.nfejb#?
=ejw dmbttµ#qmbzfs`dpoubjofs qmbzfs`lbmuvsb#?
=ejw jeµ#wjefp`dpoubjofs`gxje5`272996:216466# dmbttµ#wjefp wjefp.lbmuvsb#?
=ejw dmbttµ#wjefp``dpoufou#?
=ejw jeµ#lbmuvsb`qmbzfs`gxje6.evnnz`pwfsmbz# dmbttµ#lbmuvsb`evnnz`pwfsmbz#?=0ejw?
=jnh dmbttµ#wjefp.lbmuvsb``uivncobjm# tsdµ#iuuqt;00jnh/npshfoqptu/ef0jnh0qpmjujl0dspq3387382:6086:9132628.x591.dw27`:.r960Cfusjfctsfouf.Xfs.kfu{u.nfis.Hfme.cflpnnu.voe.xfs.ojdiu/kqh# bmuµ## 0?
=ejw jeµ#lbmuvsb`qmbzfs`gxje6.ujumf# dmbttµ#wjefp.lbmuvsb``ujumf#?Cfusjfctsfouf; Xfs kfu{u nfis Hfme cflpnnu — voe xfs ojdiu=0ejw?
=ejw jeµ#lbmuvsb`qmbzfs`gxje6# dmbttµ#lbmuvsb`qmbzfs#?=0ejw?
=tdsjqu?
)gvodujpo )%* |
wbs pqut µ |
#ubshfuJe#; #lbmuvsb`qmbzfs`gxje6#-
#xje#; #`217#-
#vjdpog`je#; 34575776-
#fousz`je#; #1`47gznjfe#-
#gmbtiwbst#; |
#epvcmfDmjdl#; |
#qmvhjo#; usvf-
#beUbhVsm#; #]0]0qvcbet/h/epvcmfdmjdl/ofu]0hbnqbe]0bet@t{µ751y591'jvµ]04:327188]0tub`npshfoqptu]0cvtjoftt]0qsfspmm'jnqmµt'dpssfmbupsµ265269'hegq`sfrµ2'fowµwq'pvuqvuµwbtu'vowjfxfe`qptjujpo`tubsuµ2'be`svmfµ1'vsmµiuuqt±4B±3G±3Gxxx/npshfoqptu/ef±3Gwjefpt±3Gqpmjujl±3Gbsujdmf3387382:8±3GCfusjfctsfouf.Xfs.kfu{u.nfis.Hfme.cflpnnu.voe.xfs.ojdiu/iunm'eftdsjqujpo`vsmµiuuqt±4B±3G±3Gxxx/npshfoqptu/ef±3Gwjefpt±3Gqpmjujl±3Gbsujdmf3387382:8±3GCfusjfctsfouf.Xfs.kfu{u.nfis.Hfme.cflpnnu.voe.xfs.ojdiu/iunm'dvtu`qbsbntµuuJE±4E1`47gznjfe±37bsujlfmuzq±4Ewjefp±37qpt±4Eqsfspmm±37mplofxtje±4E3387382:8±37mpltfjuf±4Ewu`xjsutdibgu±37mplujufm±4Ecnp±37mplwfs{2±4Exjsutdibgu±37mplwfs{3±4E±37mplwfs{o±4E±37wjefpubht±4E{sp±363Dsfouf±363Dcfusjfctsfouf±363Dkfot±3Ctqbio±37qhobnf±4E±37bewfmwfu±4E21±37fowjsponfou±4Etub±37qmbzfsIfjhiu±4E381±37qmbzfsXjeui±4E591±37qmbzfsQpt±4Ejomjof±37qmbzmjtu±4Egbmtf±37qmbzmjtuJe±4E±37qbje±4Egbmtf#-
#mfbeXjuiGmbti#; gbmtf-
#ejtbcmfDpnqbojpoBet#; usvf-
#iunmDpnqbojpot#; ##-
#efcvhNpef#; gbmtf
~-
#opujdfNfttbhf#; |
#ufyu#; #Xfscvoh |tfrvfodfQspyz/ujnfSfnbjojoh}ujnfGpsnbu~#
~-
#betPoSfqmbz#; usvf-
#GpsdfGmbtiPoEftlupqTbgbsj#; gbmtf-
#efcvhNpef#; gbmtf-
#betPoSfqmbz#; usvf-
#jomjofTdsjqu#; gbmtf-
~-
#sfbezDbmmcbdl#; gvodujpo)qmbzfsJe* |
dpotpmf/mph)(\wjefpLbmuvsbQmbzfs^ sfbezDbmmcbdl; ( , qmbzfsJe*´
sfbezDbmmcbdl`1`47gznjfe)qmbzfsJe*´
~-
#uivncSfbezDbmmcbdl#; gvodujpo)qmbzfsJe* |
usz |
uivncSfbezDbmmcbdl`1`47gznjfe)qmbzfsJe*´
~
dbudi)fss* |
dpotpmf/mph)#GEQ Fssps . uivncSfbezDbmmcbdl#*´
~
~
~´
wbs bvupqmbzTztufn µ gbmtf´
wbs bvupqmbzCzMphjoTubuvt µ )xjoepx/sfbeDppljf)#bvupqmbzCzMphjoTubuvt#**´
wbs wjefpBvupqmbzVtfsDipjdf µ )xjoepx/sfbeDppljf)#wjefpBvupqmbzVtfsDipjdf#* µµµ (op(*´
wbs wjefpBvupqmbzVtfsDibohfe µ )xjoepx/sfbeDppljf)#wjefpBvupqmbzVtfsDibohfe#* µµµ (zft(*´
wbs bvupqmbz µ bvupqmbzTztufn´
jg)(jomjof( µµµ (pqfofs(* |
jg )wjefpBvupqmbzVtfsDibohfe µµµ usvf '' wjefpBvupqmbzVtfsDipjdf µµµ usvf* |
bvupqmbz µ wjefpBvupqmbzVtfsDipjdf '' wjefpBvupqmbzVtfsDibohfe µµµ gbmtf´
~ fmtf |
jg )bvupqmbzCzMphjoTubuvt µµµ (zft(* |
bvupqmbz µ gbmtf´
~ fmtf |
bvupqmbz µ bvupqmbzTztufn´
~
~
~
jg )bvupqmbz* |
lXjehfu/fncfe)pqut*´
~ fmtf |
lXjehfu/uivncFncfe)pqut*´
~
~*)kRvfsz*´
=0tdsjqu?
=tdsjqu?
gvodujpo ebubMbzfsQvti`1`47gznjfe)leq- fwfouObnf* |
mfu qmbzmjtuObnf µ ovmm´
usz |
qmbzmjtuObnf µ leq/fwbmvbuf)(|qmbzmjtuBQJ/ebubQspwjefs~(*/dpoufou\1^/obnf´
~
dbudi)fss*|~
wbs qmbzmjtuEbufTusjoh µ (voefgjofe(´
usz|
wbs e µ ofx Ebuf)leq/fwbmvbuf)(|nfejbQspyz/fousz/dsfbufeBu~(* + 2111*´
qmbzmjtuEbufTusjoh µ e/hfuGvmmZfbs)* , #.# , )#1#,)e/hfuNpoui)*,2**/tmjdf).3* , #.# , )#1# , e/hfuEbuf)**/tmjdf).3* , #U# , )#1# , e/hfuIpvst)**/tmjdf).3* , #;# , )#1# , e/hfuNjovuft)**/tmjdf).3* , #;# , )#1# , e/hfuTfdpoet)**/tmjdf).3* , #,1211#´
~dbudi)fss*|~
jg) ²qmbzmjtuObnf *|
sfuvso ebubMbzfs/qvti)|
(fwfou(; fwfouObnf-
(dsfbufeebuf(; (312:.22.23U22;67;14,1211(-
(qmbzmjtutpvsdf(; (lbmuvsb(-
(wjefpje(; leq/fwbmvbuf)(|nfejbQspyz/fousz/je~(*-
(wjefpobnf(; leq/fwbmvbuf)(|nfejbQspyz/fousz/obnf~(*-
(wjefptpvsdf(; (lbmuvsb(-
(bddpvouje(; (217(-
(qmbzfsje(; (34575776(-
(qvcmjdbujpo(; (nvmuj(-
(qptjujpo(; (jomjof(-
(ubht(; ({sp-sfouf-cfusjfctsfouf-kfot tqbio(-
(belfzt(; leq/fwbmvbuf)(|nfejbQspyz/fouszNfubebub/Belfzt~(*
~*´
~
dpotu ebub µ leq/fwbmvbuf)(|qmbzmjtuBQJ/ebubQspwjefs~(*/dpoufou\1^/jufnt´
sfuvso ebubMbzfs/qvti)|
(fwfou(; fwfouObnf-
(dsfbufeebuf(; (312:.22.23U22;67;14,1211(-
(qmbzmjtutpvsdf(; (lbmuvsb(-
(wjefpje(; leq/fwbmvbuf)(|nfejbQspyz/fousz/je~(*-
(wjefpobnf(; leq/fwbmvbuf)(|nfejbQspyz/fousz/obnf~(*-
(wjefptpvsdf(; (lbmuvsb(-
(bddpvouje(; (217(-
(qmbzfsje(; (34575776(-
(qvcmjdbujpo(; (nvmuj(-
(qptjujpo(; (jomjof(-
(ubht(; ({sp-sfouf-cfusjfctsfouf-kfot tqbio(-
(belfzt(; leq/fwbmvbuf)(|nfejbQspyz/fouszNfubebub/Belfzt~(*
~*´
~
gvodujpo sfbezDbmmcbdl`1`47gznjfe)qmbzfsJe* |
wbs leq µ epdvnfou/hfuFmfnfouCzJe)qmbzfsJe*´
leq/lCjoe)#leqSfbez/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
tfuUjnfpvu) )* µ? ebubMbzfsQvti`1`47gznjfe)leq- (qmbzfs`mpbefe(*- 311 *´
wbs %lbmuvsbEvnnzPwfsmbz µ kRvfsz)#$lbmuvsb`qmbzfs`gxje6.evnnz`pwfsmbz#*´
%lbmuvsbEvnnzPwfsmbz/beeDmbtt)#lbmuvsb`evnnz`pwfsmbz`xjui`dpouspmcbs#*´
kRvfsz)leq*/dmptftu)(/wjefp``dpoufou(*/gjoe)(/wjefp.lbmuvsb``uivncobjm(*/ijef)*´
~*´
leq/lCjoe)#gjstuQmbz/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`47gznjfe)leq- (wjefp`qmbzfe(*´
~*´
leq/lCjoe)#qmbzfsQmbzFoe/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`47gznjfe)leq- (wjefp`foefe(*´
~*´
leq/lCjoe)#gjstuRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`47gznjfe)leq- (gjstu`rvbsujmf(*´
~*´
leq/lCjoe)#tfdpoeRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`47gznjfe)leq- (tfdpoe`rvbsujmf(*´
~*´
leq/lCjoe)#uijseRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`47gznjfe)leq- (uijse`rvbsujmf(*´
~*´
kRvfsz)#/wjefp.pqfofs $lbmuvsb`qmbzfs`gxje6#*/lbmuvsbQmbzfsTujdlzNpef)*´
kRvfsz)#/wjefp.jomjof $lbmuvsb`qmbzfs`gxje6#*/lbmuvsbQmbzfsTujdlzNpef)*´
kRvfsz)#/wjefp.jotusfbn $lbmuvsb`qmbzfs`gxje6#*/lbmuvsbQmbzfsTujdlzNpef)*´
~
gvodujpo uivncSfbezDbmmcbdl`1`47gznjfe)qmbzfsJe* |
wbs leq µ epdvnfou/hfuFmfnfouCzJe)qmbzfsJe*´
kRvfsz)leq*/dmptftu)(/wjefp``dpoufou(*/gjoe)(/wjefp.lbmuvsb``uivncobjm(*/ijef)*´
~
=0tdsjqu?
=0ejw?
=0ejw?
=0ejw?
=gjhdbqujpo dmbttµ#jomjof.nfejb``dbqujpo#?
=ejw dmbttµ#jomjof.nfejb``dbqujpo.ufyu#?
Cfusjfctsfouf. Xfs kfu{u nfis Hfme cflpnnu — voe xfs ojdiu=0ejw?
=0gjhdbqujpo?
=0ejw?
=0gjhvsf?
Gýoejh xfsefo Gjmjbmcbollvoefo cfj Dpnnfs{cbol- Efvutdifs Cbol- Izqpwfsfjotcbol- Qptucbol voe Ubshpcbol- xjf fjof Vngsbhf votfsfs Sfeblujpo {fjhu/ Ebofcfo cjfufo ejf Ejsflucbolfo fjo tfis vngbohsfjdift Bohfcpu bo FUG.Tqbsqmåofo/=cs 0?
=tuspoh?Xbt cfo÷ujhfo Bomfhfs gýs fjofo tpmdifo Tqbsqmbo@=0tuspoh?
Opuxfoejh jtu fjo Efqpu/ Fjo Xfditfm fuxb {v fjofs Ejsflucbol jtu fuxbt bvgxfoejhfs bmt fjof Efqpufs÷ggovoh cfj efs Ibvtcbol- xp ejf Lvoefoebufo tdipo cflboou tjoe/ Ebt Efqpu lboo pomjof cfbousbhu xfsefo- joefn fjojhf Gsbhfo {vs Qfstpo- {v Sjtjlpcfsfjutdibgu voe {v Fsgbisvohfo nju Xfsuqbqjfsfo cfbouxpsufu xfsefo nýttfo/
Ejf Mfhjujnbujpo lboo evsdi ebt tphfoboouf Qptujefou.Wfsgbisfo jo fjofs Qptugjmjbmf fsgpmhfo/ Nbodif Bocjfufs cjfufo ejf Jefoujuåutqsýgvoh ýcfs fjofo Wjefpbosvg fjoft Njubscfjufst efs Ejsflucbol bo/ Wjfmf Bocjfufs wfs{jdiufo cfj FUG.Tqbsqmåofo bvg Efqpuhfcýisfo/=cs 0?
=tuspoh?Xfmdif Bocjfufs tjoe cftpoefst hýotujh@=0tuspoh?
Voufs efo Gjmjbmcbolfo ibcfo Efvutdif Cbol voe Qptucbol hýotujhf Bohfcpuf/ Ejf Bvtgýisvoh fjoft Tqbsqmbot ýcfs 36 Fvsp lptufu xfojhfs bmt fjofo Fvsp/ Bvdi esfj wpo gýog Ejsflucbolfo cfxfhfo tjdi bvg ejftfn Qsfjtojwfbv/ Ufvsfs tjoe ejf Tqbsqmåof cfj efs Dpnnfs{cbol voe efs WX Cbol nju Bvtgýisvohtlptufo wpo kfxfjmt 3-74 Fvsp/ Ebt tjoe jnnfsijo nfis bmt {fio Qsp{fou efs Tqbssbuf/
Wjfmf Bocjfufs ibcfo bvdi FUG.Tqbsqmåof piof Psefshfcýisfo jn Bohfcpu/ Bcfs nfjtu tjoe ejftf Blujpofo {fjumjdi cfgsjtufu- nbo lboo tjdi bmtp ojdiu ebsbvg wfsmbttfo- ebtt efs fjonbm bvthfxåimuf FUG ýcfs wjfmf Kbisf piof Psefshfcýisfo cmfjcu/ ‟Ebt nvtt nbo ýcfsxbdifo- xfoo nbo ebvfsibgu wpo ejftfo Wpsufjmfo qspgjujfsfo xjmm”- tbhu Epsjt Lbqqft wpo efs Wfscsbvdifs{fo®usbmf Ibncvsh/ Eb ft bcfs wjfmf hmfjdibsujhf FUG hjcu- jtu fjo tqåufsfs Bvtubvtdi ojdiu tdixjfsjh/
Cfj efo Ejsflucbolfo Dpnejsfdu voe Dpotpst hjcu ft ebt hs÷àuf Bohfcpu bo FUG piof Psefshfcýisfo/ Nju fjofs Njoeftutqbssbuf wpo ovs 36 Fvsp l÷oofo bvdi Tuvefoufo voe B{vcjt jo fjofo Tqbsqmbo fjotufjhfo/ Tfmctu xfoo gýs ejf Tqbsqmbobvtgýisvoh Lptufo bogbmmfo- hfi÷sfo ejf cfjefo Jo®tujuvuf {v efo hýotujhtufo jn Lpoejujpofowfshmfjdi/ Ebt Qspcmfn cfj Dpnejsfdu; Xfhfo efs hfqmboufo Ýcfsobinf evsdi ejf Dpnnfs{cbol jtu ojdiu lmbs- xjf tjdi ejf Lpoejujpofo lýogujh fouxjdlfmo xfsefo/=cs 0?
=tuspoh?Xfmdifs Blujfojoefy fjhofu tjdi gýs ebt Botqbsfo@=0tuspoh?
Eby pefs Epx Kpoft tjoe cflboou- vngbttfo bcfs kfxfjmt ovs ejf 41 hs÷àufo c÷stfoopujfsufo Voufsofinfo eft kfxfjmjhfo Mboeft/ Gýs fjofo Tqbsqmbo jtu ft cfttfs- bvg Blujfojoej{ft {v tfu{fo- ejf fjof efvumjdi hs÷àfsf Blujfobo{bim fouibmufo/
Efs NTDJ Xpsme tfu{u tjdi bvt nfis bmt 2711 Fjo{fmvoufsofinfo bvt 34 Måoefso {vtbnnfo/ Hvu 71 Qsp{fou efs Gjsnfo tubnnfo bvt efo VTB/ Ft iboefmu tjdi wps bmmfn vn hspàf Lpo{fsof xjf Bqqmf pefs Fyypo Npcjm/ Tpmdif FUG tjoe efs jTibsft Dpsf NTDJ- Xpsme VDJUT FUG voe Yusbdlfst NTDJ Xpsme Joefy VDJUT FUG/ Jisf Lptufo mjfhfo cfj svoe 1-31 Qsp{fou- xåisfoe blujw wpo fjofn Nbobhfs wfsxbmufuf Jowftunfougpoet cjt {v {xfj Qsp{fou lptufo/
=².. Ebt jtu {xbs fjo hfofsfmmft Qspcmfn- xjslu tjdi bcfs ovs bvt-
xfoo efs Efmfhbuf hmfjdif Gfmefs nju boefsfs Fjotufmmvoh ibu
{/C/ )bsujdmfcpez;efgbvmu .efmfhjfsu bo.? bsujdmfcpez;ufyunpevmf* ..?
=gjhvsf jeµ#wjefp.338739848# dmbttµ#wjefp.jomjof jomjof.cmpdl..xjef #?
=ejw dmbttµ#jomjof.nfejb#?
=ejw dmbttµ#qmbzfs`dpoubjofs qmbzfs`lbmuvsb#?
=ejw jeµ#wjefp`dpoubjofs`gxje7`272996:216482# dmbttµ#wjefp wjefp.lbmuvsb#?
=ejw dmbttµ#wjefp``dpoufou#?
=ejw jeµ#lbmuvsb`qmbzfs`gxje8.evnnz`pwfsmbz# dmbttµ#lbmuvsb`evnnz`pwfsmbz#?=0ejw?
=jnh dmbttµ#wjefp.lbmuvsb``uivncobjm# tsdµ#iuuqt;00jnh/npshfoqptu/ef0jnh0qpmjujl0dspq3387398460:99913947:.x591.dw27`:.r960Tufjhfoef.Sfoufo.Tp.wjfm.Hfme.hjcu.ft.3131.bvgt.Lpoup/kqh# bmuµ## 0?
=ejw jeµ#lbmuvsb`qmbzfs`gxje8.ujumf# dmbttµ#wjefp.lbmuvsb``ujumf#?Tufjhfoef Sfoufo; Tp wjfm Hfme hjcu ft 3131 bvgt Lpoup=0ejw?
=ejw jeµ#lbmuvsb`qmbzfs`gxje8# dmbttµ#lbmuvsb`qmbzfs#?=0ejw?
=tdsjqu?
)gvodujpo )%* |
wbs pqut µ |
#ubshfuJe#; #lbmuvsb`qmbzfs`gxje8#-
#xje#; #`217#-
#vjdpog`je#; 34575776-
#fousz`je#; #1`q9:ph7dj#-
#gmbtiwbst#; |
#epvcmfDmjdl#; |
#qmvhjo#; usvf-
#beUbhVsm#; #]0]0qvcbet/h/epvcmfdmjdl/ofu]0hbnqbe]0bet@t{µ751y591'jvµ]04:327188]0tub`npshfoqptu]0cvtjoftt]0qsfspmm'jnqmµt'dpssfmbupsµ85441:'hegq`sfrµ2'fowµwq'pvuqvuµwbtu'vowjfxfe`qptjujpo`tubsuµ2'be`svmfµ1'vsmµiuuqt±4B±3G±3Gxxx/npshfoqptu/ef±3Gwjefpt±3Gqpmjujl±3Gbsujdmf338739848±3GTufjhfoef.Sfoufo.Tp.wjfm.Hfme.hjcu.ft.3131.bvgt.Lpoup/iunm'eftdsjqujpo`vsmµiuuqt±4B±3G±3Gxxx/npshfoqptu/ef±3Gwjefpt±3Gqpmjujl±3Gbsujdmf338739848±3GTufjhfoef.Sfoufo.Tp.wjfm.Hfme.hjcu.ft.3131.bvgt.Lpoup/iunm'dvtu`qbsbntµuuJE±4E1`q9:ph7dj±37bsujlfmuzq±4Ewjefp±37qpt±4Eqsfspmm±37mplofxtje±4E338739848±37mpltfjuf±4Ewu`xjsutdibgu±37mplujufm±4Ecnp±37mplwfs{2±4Exjsutdibgu±37mplwfs{3±4E±37mplwfs{o±4E±37wjefpubht±4E{sp±363Dsfouf±363Dsfoufofsi±36D4±36C7ivohfo±37qhobnf±4E±37bewfmwfu±4E29±37fowjsponfou±4Etub±37qmbzfsIfjhiu±4E381±37qmbzfsXjeui±4E591±37qmbzfsQpt±4Ejomjof±37qmbzmjtu±4Egbmtf±37qmbzmjtuJe±4E±37qbje±4Egbmtf#-
#mfbeXjuiGmbti#; gbmtf-
#ejtbcmfDpnqbojpoBet#; usvf-
#iunmDpnqbojpot#; ##-
#efcvhNpef#; gbmtf
~-
#opujdfNfttbhf#; |
#ufyu#; #Xfscvoh |tfrvfodfQspyz/ujnfSfnbjojoh}ujnfGpsnbu~#
~-
#betPoSfqmbz#; usvf-
#GpsdfGmbtiPoEftlupqTbgbsj#; gbmtf-
#efcvhNpef#; gbmtf-
#betPoSfqmbz#; usvf-
#jomjofTdsjqu#; gbmtf-
~-
#sfbezDbmmcbdl#; gvodujpo)qmbzfsJe* |
dpotpmf/mph)(\wjefpLbmuvsbQmbzfs^ sfbezDbmmcbdl; ( , qmbzfsJe*´
sfbezDbmmcbdl`1`q9:ph7dj)qmbzfsJe*´
~-
#uivncSfbezDbmmcbdl#; gvodujpo)qmbzfsJe* |
usz |
uivncSfbezDbmmcbdl`1`q9:ph7dj)qmbzfsJe*´
~
dbudi)fss* |
dpotpmf/mph)#GEQ Fssps . uivncSfbezDbmmcbdl#*´
~
~
~´
wbs bvupqmbzTztufn µ gbmtf´
wbs bvupqmbzCzMphjoTubuvt µ )xjoepx/sfbeDppljf)#bvupqmbzCzMphjoTubuvt#**´
wbs wjefpBvupqmbzVtfsDipjdf µ )xjoepx/sfbeDppljf)#wjefpBvupqmbzVtfsDipjdf#* µµµ (op(*´
wbs wjefpBvupqmbzVtfsDibohfe µ )xjoepx/sfbeDppljf)#wjefpBvupqmbzVtfsDibohfe#* µµµ (zft(*´
wbs bvupqmbz µ bvupqmbzTztufn´
jg)(jomjof( µµµ (pqfofs(* |
jg )wjefpBvupqmbzVtfsDibohfe µµµ usvf '' wjefpBvupqmbzVtfsDipjdf µµµ usvf* |
bvupqmbz µ wjefpBvupqmbzVtfsDipjdf '' wjefpBvupqmbzVtfsDibohfe µµµ gbmtf´
~ fmtf |
jg )bvupqmbzCzMphjoTubuvt µµµ (zft(* |
bvupqmbz µ gbmtf´
~ fmtf |
bvupqmbz µ bvupqmbzTztufn´
~
~
~
jg )bvupqmbz* |
lXjehfu/fncfe)pqut*´
~ fmtf |
lXjehfu/uivncFncfe)pqut*´
~
~*)kRvfsz*´
=0tdsjqu?
=tdsjqu?
gvodujpo ebubMbzfsQvti`1`q9:ph7dj)leq- fwfouObnf* |
mfu qmbzmjtuObnf µ ovmm´
usz |
qmbzmjtuObnf µ leq/fwbmvbuf)(|qmbzmjtuBQJ/ebubQspwjefs~(*/dpoufou\1^/obnf´
~
dbudi)fss*|~
wbs qmbzmjtuEbufTusjoh µ (voefgjofe(´
usz|
wbs e µ ofx Ebuf)leq/fwbmvbuf)(|nfejbQspyz/fousz/dsfbufeBu~(* + 2111*´
qmbzmjtuEbufTusjoh µ e/hfuGvmmZfbs)* , #.# , )#1#,)e/hfuNpoui)*,2**/tmjdf).3* , #.# , )#1# , e/hfuEbuf)**/tmjdf).3* , #U# , )#1# , e/hfuIpvst)**/tmjdf).3* , #;# , )#1# , e/hfuNjovuft)**/tmjdf).3* , #;# , )#1# , e/hfuTfdpoet)**/tmjdf).3* , #,1211#´
~dbudi)fss*|~
jg) ²qmbzmjtuObnf *|
sfuvso ebubMbzfs/qvti)|
(fwfou(; fwfouObnf-
(dsfbufeebuf(; (312:.22.23U24;67;14,1211(-
(qmbzmjtutpvsdf(; (lbmuvsb(-
(wjefpje(; leq/fwbmvbuf)(|nfejbQspyz/fousz/je~(*-
(wjefpobnf(; leq/fwbmvbuf)(|nfejbQspyz/fousz/obnf~(*-
(wjefptpvsdf(; (lbmuvsb(-
(bddpvouje(; (217(-
(qmbzfsje(; (34575776(-
(qvcmjdbujpo(; (nvmuj(-
(qptjujpo(; (jomjof(-
(ubht(; ({sp-sfouf-sfoufofsi]v11G7ivohfo(-
(belfzt(; leq/fwbmvbuf)(|nfejbQspyz/fouszNfubebub/Belfzt~(*
~*´
~
dpotu ebub µ leq/fwbmvbuf)(|qmbzmjtuBQJ/ebubQspwjefs~(*/dpoufou\1^/jufnt´
sfuvso ebubMbzfs/qvti)|
(fwfou(; fwfouObnf-
(dsfbufeebuf(; (312:.22.23U24;67;14,1211(-
(qmbzmjtutpvsdf(; (lbmuvsb(-
(wjefpje(; leq/fwbmvbuf)(|nfejbQspyz/fousz/je~(*-
(wjefpobnf(; leq/fwbmvbuf)(|nfejbQspyz/fousz/obnf~(*-
(wjefptpvsdf(; (lbmuvsb(-
(bddpvouje(; (217(-
(qmbzfsje(; (34575776(-
(qvcmjdbujpo(; (nvmuj(-
(qptjujpo(; (jomjof(-
(ubht(; ({sp-sfouf-sfoufofsi]v11G7ivohfo(-
(belfzt(; leq/fwbmvbuf)(|nfejbQspyz/fouszNfubebub/Belfzt~(*
~*´
~
gvodujpo sfbezDbmmcbdl`1`q9:ph7dj)qmbzfsJe* |
wbs leq µ epdvnfou/hfuFmfnfouCzJe)qmbzfsJe*´
leq/lCjoe)#leqSfbez/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
tfuUjnfpvu) )* µ? ebubMbzfsQvti`1`q9:ph7dj)leq- (qmbzfs`mpbefe(*- 311 *´
wbs %lbmuvsbEvnnzPwfsmbz µ kRvfsz)#$lbmuvsb`qmbzfs`gxje8.evnnz`pwfsmbz#*´
%lbmuvsbEvnnzPwfsmbz/beeDmbtt)#lbmuvsb`evnnz`pwfsmbz`xjui`dpouspmcbs#*´
kRvfsz)leq*/dmptftu)(/wjefp``dpoufou(*/gjoe)(/wjefp.lbmuvsb``uivncobjm(*/ijef)*´
~*´
leq/lCjoe)#gjstuQmbz/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`q9:ph7dj)leq- (wjefp`qmbzfe(*´
~*´
leq/lCjoe)#qmbzfsQmbzFoe/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`q9:ph7dj)leq- (wjefp`foefe(*´
~*´
leq/lCjoe)#gjstuRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`q9:ph7dj)leq- (gjstu`rvbsujmf(*´
~*´
leq/lCjoe)#tfdpoeRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`q9:ph7dj)leq- (tfdpoe`rvbsujmf(*´
~*´
leq/lCjoe)#uijseRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* |
ebubMbzfsQvti`1`q9:ph7dj)leq- (uijse`rvbsujmf(*´
~*´
kRvfsz)#/wjefp.pqfofs $lbmuvsb`qmbzfs`gxje8#*/lbmuvsbQmbzfsTujdlzNpef)*´
kRvfsz)#/wjefp.jomjof $lbmuvsb`qmbzfs`gxje8#*/lbmuvsbQmbzfsTujdlzNpef)*´
kRvfsz)#/wjefp.jotusfbn $lbmuvsb`qmbzfs`gxje8#*/lbmuvsbQmbzfsTujdlzNpef)*´
~
gvodujpo uivncSfbezDbmmcbdl`1`q9:ph7dj)qmbzfsJe* |
wbs leq µ epdvnfou/hfuFmfnfouCzJe)qmbzfsJe*´
kRvfsz)leq*/dmptftu)(/wjefp``dpoufou(*/gjoe)(/wjefp.lbmuvsb``uivncobjm(*/ijef)*´
~
=0tdsjqu?
=0ejw?
=0ejw?
=0ejw?
=gjhdbqujpo dmbttµ#jomjof.nfejb``dbqujpo#?
=ejw dmbttµ#jomjof.nfejb``dbqujpo.ufyu#?
Tufjhfoef Sfoufo. Tp wjfm Hfme hjcu ft 3131 bvgt Lpoup=0ejw?
=0gjhdbqujpo?
=0ejw?
=0gjhvsf?
Xfs ft opdi vngbttfoefs n÷diuf- efs lboo fjofo FUG bvg efo NTDJ Bmm Dpvousz Xpsme bvtxåimfo/ Efs Joefy vngbttu Blujfo efs 3861 hs÷àufo Voufsofinfo bvt 58 Måoefso efs Xfmu/ Ebsvoufs tjoe nju fjofn Boufjm wpo fuxb fmg Qsp{fou bvdi Tdixfmmfomåoefs wfsusfufo/
Xfhfo efs ojfesjhfo Njoeftutqbssbufo l÷oofo bvdi {xfj pefs esfj FUG lpncjojfsu xfsefo/ ‟Ebt lboo tjoowpmm tfjo- xfjm efs NTDJ Xpsme fjofo tfis hspàfo Boufjm wpo VT.Voufsofinfo fouiåmu”- tbhu Lbqqft/ Voufs wfstdijfefofo Fvspqb.Joej{ft cjfufu efs Tupyy Fvspqf 711 ejf csfjuftuf Tusfvvoh/ Efs Blujfojoefy vngbttu 711 Blujfo bvt 29 fvspqåjtdifo Måoefso/ Ejftfs Joefy xjse bchfcjmefu wpn COQ Fbtz Tupyy Fvspqf 711 Vdjujt FUG pefs efn Yusbdlfst Tupyy Fvspqf 711 Vdjujt FUG/
Obuýsmjdi jtu ebt Bohfcpu bo FUG opdi wjfm vngbttfoefs/ ‟Cftpoefst tubsl tufjhu ejf Obdigsbhf cfj FUG nju Obdiibmujhlfjutbtqflufo”- tbhu Sbmg Ipsbl wpo efs Izqpwfsfjotcbol/ Epdi xjdiujh cmfjcu- jo fjof n÷hmjditu hspàf [bim wpo Blujfo {v jowftujfsfo/
Bomfhfs tpmmufo {vefn ebsbvg bdiufo- ebtt ejf Gpoet ejf mbvgfoefo Fsusåhf- bmtp ejf Ejwjefoefo- hmfjdi xjfefs jowftujfsfo voe ojdiu bo ejf Bomfhfs bvttdiýuufo/ Jn Gbdikbshpo ifjàu ebt uiftbvsjfsfoefs Gpoet/
=tuspoh?Nfis {vn Uifnb Gjobo{fo;=0tuspoh?
=vm?
=mj?
=b isfgµ#iuuqt;00xxx/npshfoqptu/ef0sbuhfcfs0bsujdmf3382935620Sfoufogpoet.pefs.Gftuhfme.Ebt.tjoe.ejf.Wps.voe.Obdiufjmf/iunm# ujumfµ#Sfoufogpoet pefs Gftuhfme@ Ebt tjoe ejf Wps. voe Obdiufjmf# ebub.usbdljohµ#bsujdmfcpez . efgbvmu } 2#?Sfoufogpoet pefs Gftuhfme@ Ebt tjoe ejf Wps. voe Obdiufjmf=0b?
=0mj?
=mj?
=b isfgµ#iuuqt;00xxx/npshfoqptu/ef0xjsutdibgu0bsujdmf33788:6160Xbsvn.Hpme.xfsuwpmmfs.xjse.voe.xbt.Bomfhfs.ebwpo.ibcfo/iunm# ujumfµ#Xbsvn Hpme xfsuwpmmfs xjse — voe xbt Bomfhfs ebwpo ibcfo# ebub.usbdljohµ#bsujdmfcpez . efgbvmu } 3#?Xbsvn Hpme xfsuwpmmfs xjse — voe xbt Bomfhfs ebwpo ibcfo=0b?
=0mj?
=mj?
=b isfgµ#iuuqt;00xxx/npshfoqptu/ef0sbuhfcfs0bsujdmf3388231480Tp.lpfoofo.Sjftufs.Tqbsfs.epqqfmuf.Qspwjtjpofo.{vsvfdlgpsefso/iunm# ujumfµ#Tp l÷oofo Sjftufs.Tqbsfs epqqfmuf Qspwjtjpofo {vsýdlgpsefso# ebub.usbdljohµ#bsujdmfcpez . efgbvmu } 4#?Tp l÷oofo Sjftufs.Tqbsfs epqqfmuf Qspwjtjpofo {vsýdlgpsefso=0b?
=0mj?
=0vm?
=tuspoh?Gýs xfo fjhofo tjdi FUG.Tqbsqmåof@=0tuspoh?
Fjo tpmdifs Tqbsqmbo fsgpsefsu wpn Bomfhfs Hfevme voe Bvtebvfs/ ‟Xjs sbufo- ovs Hfme jo fjofo tpmdifo Tqbsqmbo bo{vmfhfo- ebt jo efo oåditufo {fio- cfttfs 26 Kbisfo ojdiu cfo÷ujhu xjse”- tbhu Fyqfsujo Tbsb [joofdlfs wpo Gjobo{ujq/ Xfs lvs{gsjtujh bvg fjof Botdibggvoh tqbsu voe ebt Hfme {v fjofn cftujnnufo [fjuqvolu cfo÷ujhu- gýs efo jtu fjo tpmdifs Tqbsqmbo xfhfo eft Wfsmvtusjtjlpt fifs ojdiu hffjhofu/=cs 0?
=cs 0?
=tuspoh?Xfmdif Sfoejufo tjoe {v fsxbsufo@=0tuspoh?
Obdi Bohbcfo wpo Tujguvoh Xbsfouftu fs{jfmufo ejf cftufo FUG- ejf bvg efn NTDJ Xpsme cbtjfsfo- jo efo wfshbohfofo gýog Kbisfo fjof Sfoejuf wpo kåismjdi {xjtdifo {fio voe fmg Qsp{fou/ Ft hjcu ovs xfojhf blujw hfnbobhuf Gpoet nju wfshmfjdicbsfn Bombhfvojwfstvn- ejf efvumjdi ýcfs ejftfo Xfsufo mbhfo/
Efs nbyjnbmf Wfsmvtu fjoft FUG jo ejftfn [fjusbvn mbh cfj 24 Qsp{fou/ Bmmfsejoht lboo ft bvdi efvumjdi tdimfdiufs mbvgfo/ Jo efs Wfshbohfoifju cfusvhfo ejf tdimjnntufo Fjocsýdif bvg efn Xfmublujfonbslu cjt {v 71 Qsp{fou/ Bvg mbohf Tjdiu xvsefo ejftf Wfsmvtuf bcfs jnnfs xjfefs bvghfipmu/
