[{"data":1,"prerenderedAt":12},["ShallowReactive",2],{"post-droga-do-etf-raport-z-badania":3},{"date_gmt":4,"title":5,"content":7,"categories":10},"2023-11-05T07:50:00",{"rendered":6},"Droga do ETF – raport z badania",{"rendered":8,"protected":9},"\n\u003C!-- BETA ETF | Droga do ETF – najważniejsze wyniki badania. 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border-radius:28px;overflow:hidden;position:relative;line-height:1.55;-webkit-font-smoothing:antialiased}\n#betaetf-droga *,#betaetf-droga *::before,#betaetf-droga *::after{box-sizing:border-box;margin:0;padding:0}\n#betaetf-droga::before,#betaetf-droga::after{content:\"\";position:absolute;border-radius:50%;pointer-events:none}\n#betaetf-droga::before{width:900px;height:900px;right:-520px;top:120px;border:26px solid rgba(140,115,230,.13)}\n#betaetf-droga::after{width:700px;height:700px;right:-460px;top:250px;border:2px solid rgba(170,150,245,.16)}\n#betaetf-droga .bd-in{position:relative;z-index:1;max-width:1040px;margin:0 auto;padding:clamp(28px,5vw,64px) clamp(20px,5vw,56px)}\n#betaetf-droga .bd-logo{display:block;width:clamp(150px,22vw,210px);height:auto}\n#betaetf-droga .bd-hero{display:grid;gap:22px;padding-bottom:clamp(28px,5vw,48px)}\n#betaetf-droga h2{font-size:clamp(44px,8vw,92px);font-weight:800;letter-spacing:-.035em;line-height:.95;color:#fff;margin-top:clamp(28px,5vw,56px)}\n#betaetf-droga .bd-lead{font-size:clamp(18px,2.3vw,24px);font-weight:400;color:var(--soft);max-width:30ch;line-height:1.3}\n#betaetf-droga .bd-facts{display:flex;flex-wrap:wrap;gap:10px 28px;margin-top:6px;font-size:14px;color:var(--mute)}\n#betaetf-droga .bd-facts div{display:flex;flex-direction:column}\n#betaetf-droga .bd-facts dt{order:2}\n#betaetf-droga .bd-facts dd{order:1;color:#fff;font-weight:600;font-size:16px}\n/* road */\n#betaetf-droga .bd-in{--lane:72px;--ring:124px}\n#betaetf-droga .bd-road{list-style:none;position:relative}\n#betaetf-droga .bd-road::before{content:\"\";position:absolute;left:0;top:-10px;bottom:0;width:var(--lane);border-radius:36px 36px 0 0;\n background:linear-gradient(180deg,rgba(255,255,255,.07),rgba(255,255,255,.1));\n box-shadow:inset 3px 0 0 rgba(24,165,217,.75),inset -3px 0 0 rgba(190,108,245,.6)}\n#betaetf-droga 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.bd-bar{display:grid;grid-template-columns:1fr auto;grid-template-areas:\"l v\" \"t t\";gap:6px 12px;font-size:15px}\n#betaetf-droga .bd-bar__label{grid-area:l;color:#fff}\n#betaetf-droga .bd-bar__val{grid-area:v;font-weight:700;font-variant-numeric:tabular-nums}\n#betaetf-droga .bd-bar__track{grid-area:t;height:8px;border-radius:8px;background:rgba(255,255,255,.12);overflow:hidden}\n#betaetf-droga .bd-bar__fill{display:block;height:100%;width:var(--v);border-radius:8px;background:linear-gradient(90deg,var(--cyan),var(--blue) 55%,var(--lilac))}\n#betaetf-droga .bd-bar--muted .bd-bar__fill{background:rgba(214,226,243,.55)}\n#betaetf-droga .bd-bar--muted .bd-bar__label{color:var(--soft)}\n#betaetf-droga .bd-pair{display:grid;gap:8px;font-size:15px}\n#betaetf-droga .bd-pair .bd-bar__label:empty{display:none}\n#betaetf-droga .bd-pair__row{display:grid;grid-template-columns:118px 1fr 44px;align-items:center;gap:12px}\n#betaetf-droga .bd-pair__row>*{grid-area:auto}\n#betaetf-droga 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.bd-dot--neg{background:#7c4fd6}#betaetf-droga .bd-dot--neu{background:rgba(255,255,255,.35)}#betaetf-droga .bd-dot--pos{background:var(--blue)}\n/* destination */\n#betaetf-droga .bd-end{position:relative;display:grid;grid-template-columns:auto 1fr;gap:clamp(18px,4vw,40px);align-items:start}\n#betaetf-droga .bd-end>div{padding-top:12px}\n#betaetf-droga .bd-ring{width:var(--ring);height:auto;margin-left:calc(var(--lane)/2 - var(--ring)/2);margin-top:-14px;filter:drop-shadow(0 0 28px rgba(150,120,245,.6))}\n#betaetf-droga .bd-end h3{font-size:clamp(24px,3vw,34px);font-weight:700;letter-spacing:-.02em;line-height:1.15;color:#fff;max-width:22ch}\n#betaetf-droga .bd-end p{color:var(--soft);font-size:16px;max-width:52ch;margin-top:10px}\n#betaetf-droga .bd-btn{display:inline-flex;align-items:center;gap:10px;margin-top:20px;padding:14px 24px;border-radius:999px;background:#fff;color:var(--navy);\n font:600 16px/1 Inter,system-ui,sans-serif;text-decoration:none;transition:background .2s,color .2s}\n#betaetf-droga .bd-btn:hover{background:var(--blue);color:#fff}\n#betaetf-droga .bd-btn:focus-visible{outline:3px solid var(--lilac);outline-offset:3px}\n#betaetf-droga .bd-btn svg{width:18px;height:18px}\n#betaetf-droga .bd-legal{margin-top:clamp(36px,6vw,56px);padding-top:18px;border-top:1px dashed rgba(169,182,214,.4);font-size:12px;line-height:1.55;color:var(--mute);display:grid;gap:6px}\n#betaetf-droga .bd-legal strong{color:var(--soft);font-weight:600}\n#betaetf-droga .bd-legal a{color:var(--soft)}\n@media (max-width:720px){\n #betaetf-droga .bd-in{--lane:40px;--ring:88px}\n #betaetf-droga .bd-stage__pin{left:calc(var(--lane)/2 - 17px);width:34px;height:34px;font-size:14px}\n #betaetf-droga .bd-stage__grid{grid-template-columns:1fr}\n #betaetf-droga .bd-pair__row{grid-template-columns:96px 1fr 40px;gap:8px}\n #betaetf-droga .bd-end{grid-template-columns:1fr}\n #betaetf-droga .bd-end>div{padding-top:0}\n #betaetf-droga::before{display:none}\n}\n@media 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pCT/00szkflNg32EGzda5VE/4ZWCu4GllqUwTlINbLJqYKqpj2DgXGDIAo/1ZV492Gdp72BcmyMiQYiIiOjLU+WM15ZTwOoL8U3jWpj4N3PgEP8KsKE2sj4SgEYEwAGYmcwsmFlqZpX8z9RmvHs3VWsYOMcbzAiAM8sCCbwmlIR6YlAlECYwwwmGJE66+Botzb8QSV5EJAgREQe9enCJzk8STk1hD2qc7jYVURCkzlg1Gnjb8UfyzYFeeTvIi+5UFYBpCEDW3+Kuu5ZpePg4lcsbVam8QJXKq5TqHUrTr2hs7In5saZdJ6uZDZ86z76FuA6xzALppFiDBsTA1SgLAudgr6WcnO7ljKgiRHQCLH+R5pOpWoO/B0A2hz63BbjP/V5S/f3ubyFaTOtzq2M5x+M0p3OspQvKYw+2X6KbDR4P7BF4F6Z/BjWWJhh0Bbi/sIr1x72FXVXDGJc3kLQMeAhwLPBQ0vQwzI5FOhHvH0EIPcBKnDtkny9XKs+yQuErkrzZ/uI5sniE2x/EnXQYX0EchWVxJI0Ug/pdmgUwI0j0GNzultH74Aijcx6LIFmxHysBxQ4ZsykrSubXuljnYvUZl/obdFTtwLEo9XdYOk1uHPL26aRxkYs44NWDPku3X6LzC56BSsoukXUKrBoO9kcUjEriOKQSePWjP2jvPNgbNklKzKyiSuUleP8aQuhCOhTvV037xRAEpOO8zTlHpXKGFQpfnxlBAIpylCy8aFBPFvyzoFITZzAlMahDanBYCFz+4Yvs87EldMRCIpH0EuAsQhhlbl0ODhgGfgtUkO7G+z3ADsbGbqer61dmNlzzklZ31Dajl3Ma0mFmUpq+EXgsMNf3uT8EnOsmTW+wJPmAJGdmQXffvZzDD/8gznXni9ViRAC6gZ+Z92+oPvumxkk6HHgnISyjPX50kQWRjzAycoUtW3Zn9Zkv+NPqIyAZL+O1lZA1/q1/mDg0FVGQkXpjZTnl2sdcFcnBJHHF++OBR+NcIwIwbrMnfccsqU5GGvRd2v+Wy0Jvr/xHe+1bLxzQDRLnO8f9FiZI3zTEAMtKZzvBsPO85LIBXbdyG6NI1m4VoRo3cf6XtNHgbMSIrEN25xU+8IUL7Te19907IJ92caWDVRKVjrnWZiamEI6uEPjtF8+z94y/xZiKktv2JV4ux8MJjC3k/VkmayaC3yeE8EScO3f8RVoQmpIMAfdIegD4GrAV2GJm99UYEN8iUcgLzHEmzp3SObPFhoAPjC9CS5Z049xF2QqyyD0NIawF3lDz7GdEICUF4KnAC+fkGSxd+m3gg/kavaAEQUUllEhvvYTn+IQ/TAM7ZZkhqTcFtURBIauYWJ1FqcA73gJw73ai4jaBUSAQQhnomkQA5hDr1qFiUe4Ox79YhdMtkOTFkGw6YlDDZh0wbIET96Sc8+6SfabYL1eivWObFWQCJx6F44IgdlkHxKQp4LoSPgv8JpfbBbD6Qdz9D+EMxJHAqC3CFH0ZwcEyBz8F3jO+fTHYsgW3xjjN4PHB2LvAYyFEt8HPE2AISAkhzXdac3/y+vfDuaXAw/NP1Yj/XtItVCofsULhGjNLc0WhVT/ynnm+z6n5sXPV5z5pC00Iu3Fuab7bWYy+thTnfP6sm39/MgXhBXMwTtl1hXBuThAWXrLdjgzTNqfT6se61vFXO9OrRMEAiZAYK9LAf/zofr6nohKL6kH9xsABDrN5e5dKJQu9A/KDF9p/vfiz+nuMt1jgASeS6YjBPpKGIw2BZwCf2T44h2uBMYbYhdhDZwStGzbl+7lHYnd+zYtxfQyCIGPvFIZxCLEbMbTAYyGJMRx7k/xCfM6wF8ZwZgZR4+ugA3BHA+eSJOcqTW/BhbeY2Rfzq29FIl74+6w++uw6Gk0An380n4taG++Nae5tukeSuVmkhwF/0vaFPXdVAU+UdKSZ/W8z7o85mAJmZultL9PxZXhROTCESBrdbZUs7EMUDCogHG/pG7RUvYqNfjoEg5nryO0Z5NpVgYsljhKM5S4Ea8Rk6n7oJfYanPzST+jRH+zll0XJlebALZZlWOLNcHkDqYVmdRYqUxp/Z9k1ukXpYsg+bsr1Ufn92TS/Mx/XmXUVcahTtGwzw8zlnwRZQgiBELKdpHNPgOQLStNPSlqTG5OYAnRg7fYgTZ8GHEYIoa0EyczyebScNH1mHgy7cAa1Hy/JhoxnJgmHCkZkeSrPlPJKDVmA1DuWy/iPn92XqweDMZCtg6azMqJgw0H8lKxKYjDq0hyZiMievGECExVgtTwvxExzqiJEREyzq+7Qd8wcZh4zP04WnLuIEL4m6eGRJBxQyOyi98+bByJybq4cLJhBtVKWoWNG32hgDJuQn8UEUdAURCFYFntg4q19g5YSYw86DsV+QLIkcLWJUWrKLzckBVVpKIzPA4cYkfiDSz6l1eu2oVg4KSIShOnIQghlnPsD4Frt2HEooEgSFjkzqLoXhoePJw1Pye2im7O5brZRe/Ycmcc72ALcr4Hp1pfpeAcnIspBuKpCUL0i1ZGFmr1p6o3lIqoHnYw8l9+uvsj+S3C9wSEeKjYVKQj7UGaHGBKcVIbjSiVUjL1zIiJBmJYoFPKo5JNYvvyDsU7CAYFs0SsUnol3S9vuXpiYO1U3wyqWLHnGQrkZtuTuBSU8o+BZY8aQcwSr4QGqa/hbSxSCQSrM+ageLAoVoSiH8a8GD8pIEJqSFDR4M8xIPZwL0c0QEQnCTElCBe97VS6fkbsaYoDWIhYR8nG9YB7n0DNzcjnvqY4bc/eCAr1jKaPjhZEMmRHMJshCraqQxygIozuFO0fL/EpFOQZiz4WOVhH60Yeebz9H/LcCPcwgXbEatOgMc6Li4eToZoiIBKHZXafZqycZmYjFxQwmshceQ5a9oDmek9XF9XTt2LE6P7fN4/0amH74Sp3gjHXAmDVK16ojC1XCkP9/t+Ddj/ug3QO4g0VFqzZdWmzX3TuIy436l0wUbApSOk4Kav6OcCb2Ck7ynrWlkoXoZohYnARBClN8UswqeXpf+647BGH2BEmPjAGLixbVxe4cnFsyZ+6FCeXAEUKK2RpWrTo9/+m8qU9Xb8rUApfyNO85QjASjOktvCEsC0kwgxTGkh6+kP/rAaMe1HVdrP24akpqR1S/bBKDeafO0aP4HHA7sBQbz1SdlMnQaOLLMBnlSsrxENWDiMVKEJxzU3w8kOCcIbUnmCozIgHnVlCpPK7O2EQsKrsgTwjntPrtFucPNeecN6Oz+kHCQK88juMqgUowXMiyEsb9Cpr6kstmrHCOr68I3KOBxdexcSoCgFl918XaTzAz6cEHD9HIyAmSCouMA4t+7GMbbQTYiihMmd7YmEHLhDc4K8YhRMw3Zl96NFtshdmZjI3dTVdXVl63XF6BWQ9mJ2D2VOCPcO6o8T4D7dkpCrOTgM/P4yo320W5Gp6kaf+tNenb2vJcW7/HkK97Yf+nyN0Lo6OPJUkeT7PuBbNsDjXPEarP52mSlprZ0HwVTerLsw1+9ApdmIoywlObtWCTL7B6ReO1krJa7v+59t02rJVKFttiM50CIGkVcCSVyrEkyWpIjybY8cBJOHcIIRwCGLt3nwLct5CFrppF73psEJkFrjfP8y2rqOf2t2uzrIqRAWOIVZd8SquP2MbOuejN0AYaJNnsXb2ahjcZSDa+RloL12jtKLDU6r2OX3uYc5f4rGxUfm/BRFsXmVusu/v+Bj//CvA+SQ8hTTfhfQlQTipmO1iG2aHzuMJlMvXs0JX/2b2PKmK2PFdjZmPc26MGzU6RWjpjQ50kF+JcVy79+xneo3IS83Gki/C+a8b3nY1finNrgKcB1+bXPaepglWD9tNLdVwaKAjSqZZ4Tbyo4w/KhAsQksricy/UNOI6FjiRND0EOBrZ8RgnYRxCCCuAw0mS7B3ATzahzkEIO9vsqpwXDPYRJNg0yI9sjJ/heCTGMMprxk42PnV1t3EGezFO6RLHlkr249718oOdUC58slFZ0qb+COZCY/IkY4mJpfnGtpVzpWaMaZZlmmV0t9grIRgslbFkDk2UQ7M+voAuwZJ2EoTlknbQuBGOmdndwBtVqezA+7fjnKc92QcPmRfVwDlHCP+Dc+e34eEbY2P3T1rof/jDnWzYcAqtTTxP1r9gE879VVPGtt7wOmek6Yvw/laabWpULkOhAM7tmW7HmAcGBm3dWgDObukaQ7gH565BenHzr2lQ3pvhOTlBmHOjs6UfD1TSlLMLnoeVA/fIUagjCTYF5xNGIcCvx1Iq+fMTpUVjI10+P9+Bcxfi/XRjk9aMh9UQBAMWaa8JE8iu7rOdL/2URqrGxWmaQa/bVRuUUzgO+HEnqQaAlzGC44pKhd/7FJf62ZFXJ+6A8VoSAFx9MZXzv8z/dSmFcpM7cO9xaUrw4nTgZcCuFstKB8FSL95UFj+tHrfZa1GF4enf+JasSpCxlMAtqXh7cJibhVJRcFhIGWknQQh5Q6WGwUR5EKEzs/cqTU/EuZfmAYyzJQn3zuM7MWRmP2gv48tMhG3cWAF+NKs5UqncUbcJbQ1p+iNLkp/OpcEws1RjY3+AcyflapKf8auQvVa7ga2Y3QUclfXLm7EiVT3XWfPtZjDYVdvMu06qVL7w1rUhJvWOQyS2PO4qu1NHLtrGTF05USjX7QKtRhH0DUlhK+2XOwh9gzhQ8DCIONlphu+ocgHJcIILQV/sOPoDSgts/9LZdtfcncT0BbhtNoc47/N6jIOEWbhCDJx5bvvS2fbzDhwHh7HzS+e179rmzY9ZzTTIicJXgZe2hTdJv57PnVAbay7sQ6RmcewEqBBCd5sGa1l+La22RZ5ZxLn35+TX3kznxurL/Wsz+50qldvx/qj8Ov1MJ2N+ziOpVJ4OXMOcuhlkG0qkm4tK9CB/EQLDZvhp+i6o7l5dObDXjE/mjofFmr1QHSPNR+vlTlQSgnS3Mwp5C+hGZKA6B2wSRQTvYFeuRnQe8xtmabEoRxtaqZemCL7Nj9807joaf9TvSX/m6KIND68ieopFOTbg2NLkvfZnn9JcBRiLpFiU274eW7dt9vc63y+pzCxobOx+vM92jc3t/OoIE4b0w3l9xW3uytq2euxqd0ClabtWjmnVoFlNgKp7QeomTc+r20HOnCBI38y+6X8DPKnpFz9zMxiwMScIc8zuTbciN2ocY5BaTYNGm8k9G354lN9V5erFaiE5SJHFIcg2DfJDP8ZPZTxSMGKq6Uxo0zw3URYcdfGAVh21jd2dFqgYPKFUslAsas6MX6vH7R2QXb3JwgVfUFuaRHvL77VflDY2eU2lOX/DVCpZQDL6Zj8/5rt2QFbsxLm1edpjpSVykMUEGCH8jqGhn1WNDhGLAVlxnzJ/iNmJee0D1/SclW7N/ky/SWsFlqpqw3n6pbpzQjSnBuykko0JhgUuUFMhsZrm2CjVMZOiu4DfdCWMSTL6Y2GwxageAFzdZzuD2K1AAWYcVe9M7BGc4kdYXypZ6B0k1n2JmPvFer7fEjMLeP+E2RLWXD34oK1adT8HUUW5AwY+nJtnS8x83CaCRe9jdPT72XH8Vlr1T2cpt2t5ROXJc/k+DAxkx/3xZbrAG8eZMUQDw6AGpCE4UnMsB776+Pfb77f04+NcX8yQYSydqR/cNJ7ZYE6UC4E98RlGHDAEoaZCWsHMypKeAPxlvji3Emmf4lxCmt7O3r0fzGMa5k09aFDopZXPQcn+a9wLy4BqoaLm3Qtwqy1ffld+vNsI4Ve5IjXzeVCNQ3DOcO6subzvNduyewyBhzrHEhlN+YICkBpdsZLe4kYWqGhyjn8DCkwEpU75qZv8huOE+CQjFiVBqJdoa0ukmllZo6MnE8KngOVkgUrW5AnCeLqTtClXD+azYEqjSm+tfA5Wd0hV6fkTnDu+BfdCNf7ghnyudZnZLghba2xpUzpGftRzcgI7p7nlAcpjoBSstoJifSXFejdDXpe/C6JycEC8BGV+awFzanJEs/DECzr2xmIjqQMO7U5znLS2mZm0eXPChg3/hxD+EudeAixpwTBUlQMPBNL0/1qh8HVJfq4X9bpd7iqVyxe2XCxJCph5vL/VzLYtpmpw7bWUoTcvBtXsvWeZBt5/Py+8kz9X2wI8r0XCK4xjKJefANw0l3PKYNRg/OD7BLFbg0knfCr2OvgIwJYYa7PoIcdSlGdzNP/d4c7jBflWz0yl2DhvgQcD6x2Qv2cLdsRA60XFsh4i1oZKilIm16bpV5WmI3WLtIACIawfr86XpmqqUl+1f0NGDu6nUtlkhcLn55EcTJT0de4onBtsg4F8G3BFvoOtHBTzVjIzl0paTgin1xGvmapHjhB+h3M35z/Nnp1PvwNeuZuhuXENoYJzSe5muGku7v3e7UiS/eBSTpBIZ3rfmf6MCSqVkBWPiVi8qMlk+F7XCD8DHgGMNENsTZ0TnJgHWAYTBYm3X/AlDQG+6ToDIiBWOfjc4Hn2iaLkSgevyjorcoBRGexrn11sn4Lg/fr9GMUUcLmLYP/GoFoQJyMGANcDr7JC4bZ5JQeT70HMbgeXGSNp6CCcvk7ZuG7AuUe07F6AW81sz6TYk/994HaOOOK/cO7EXKVpPisihHMlvd6s3QWIZH2Dlm7dpEK6lOcjhq2mB8MMlQfz3XQv+PozISFPCgpdkHdxUWKiouIrPq4dEkmzobWdqOHnROHRGG7KLjPT31QKHCbHzQCxIVUr3AAzR5nAkRdcqw1U8M41r+aEgDmHRsX3rznXdrePIIQw1dTIFpOZVsqr73cQwg+Q3mlJ8m/5IuUXbEHKhLTWCyVlmrhvQz+Hxbk8GlIanteie6Eaf/DVidGwkM+HvUrTHwIn5qTBNbU8Zcd+FPBHwE0aGPDW19f2OWYw3EomtkChMvfS7VQEoAERiDLybE2qSJybud5lk4xxR/r6h8drnDaPFOgmMBbnRstrqxmMyngMFT6YG/um12cMp0BY6rgQ2Ja08QrbY/RC2INzPyGE7+Pc53Hue3n2g+VGIe5WFttyWC3kJB1OCBub3gxViRWU8f7mxr/jvgpcRLNxCJmboYxzBdL06cBN9PbO1QLcUoyEiS7v5kZarq3eORMCIOkw4GiyHihHAAlmn7BIGppSEsxa8g+bQblDqynOZn6KrDVFVA5m9S5jJioydra4g1HeQCxYpuqQdNDdVX3I20nTT+P9d4Cf1SxacfIsXlTdC0/EuaNbci9k8Qe/5847f1KlkpOMWWX0+/juFNfMvmwcPl9+zxG8sf1uhpaXTZlRwPitxN5qk6ZSG6ux1RNuSYcxNvZQurqOIE0PA47F+3XAIwlhGSEchnQU3hdyQv9bisVPUiopbyoUicKcTAUMowwc/opPaOWh29jTiW2fIxZ4nmTuHt/6NMMBFiqZve0cgjARCPgE4An54nOH0nQLafoRM/tmzY4nxGIxi2zemklp+kKcEy27F9hqa9cOS3I1qaLZv3V3/5oQfopzJ7cQh1B1MzyW0dGT6e7+Yd05FuidIDXjUMGHT3233bV5lZKNbWzSJKlAmv4l3v8pcCwhLCeEw0iSo4DCPl0Xa2OLM9XFQYu7lYimSbaJPYhTg1hfKtl3O7Htc8QBNuk6USchhEAIAecejnMvolC4UWl6vcbG/iSvI6CDtdjQomMGuaGVdCTOPSXPlW5WDarmM15fP2/zuZCY2SjO/axOXZg5OQ0hK8Dl/Vmd9G7kbt1utdHvPB5rsHPncszeBPw58GScOzkvg14ghHSKT6gpcuaZTUxORLOE0TDK3h0cmU8RkSBMtWA7zFy+GKU5WTiDQuFGlcvvyg1CiCRhcSxruUHaCKzJW3w3k+YqnPOEMIr3P56CAFQViRtmMa9dPvfOzTlDRyzCubQxanNRJCmL7dhJtQVzLQEw81N8XIvN1SIiIiJBaDtR8DlZSAkhIUkuI4RrJR0WScLiEBHMTITw3FltoqU7gB/nxrsxQRgZuRkotxgwW62hsE7SY6rqxwLLB15it8Szt16qozb0MxcNpSaUgEgAOvxNQohCGkjiw4hYXARB0rSf2ZOFTMrMfJ9nEMLXtWvX4TlJiAtaJ65nE+6FY3HuKbTWdTGPP7BvZ5kQA77xqWQsWfIbQvhhFiqntMn5lXUXda6bNH1ORxDoTDYoIx5mxjIzU39/DNY9SBFkLMex1Tm2FYtyg72xqmbEYiEIWdObqT9Smn9an9RmhlkhJwmPY9myj0gqkEXJx4Wz85C5F7L0wdV59oK1eKQbswDV3qS++VU+j7sZHBTw80nEopX3IXcz0OYAsBZz00zGWKpoDA7qFynTDwrAfe97ge3avp6YwRAx52hnoaQhqm2YGxOIZTW/m864cFJjolAgTSt4fxZp+hpLkjfnhmLuI3qb3ZlORlZmdzYkaZGJCHn2Ql+rEkReSfMBhoe/aitWpNOMcZp/5TPAi1okv1U3w6ka0Ylm9vO2ZjMY3WQLfZ08MhP7EHHgvBUyfbwlqixBoRMLJZmQrMULy74bTDFF9sAjCGZZCWLnzmR09C66ux2jo5MHurtbVCpHkyQnE8Irce7YPBDKZnHejBCYvVbSJ8zst3OempZVeZxN1HY1377nwF8Dx90LxwF/TGvuhSqhrNDT81xVKmP5Maaq2FkhTY/G+9YKd024GbpIeFauRsy6nbiQbTkKLd3JHYIjZVnTpmaOUTFirM0BIweY7OOqmLBmLWpmRDuvUFKALmu13aiRIpaIGFtx4CoIsM2WLLl3mn//BbBZ0scJ4XKc+5uWujrWLuYhgHOrqIRXA6+as51WtYhTCPfi3JtJU9fye+R9Aee+PfFeHbjLYLavT8/C+5UtqUYTtTGOAN7b1D5rttdt4ZnAu5i1KmXaUszqF3z/lfqkJWxIA7uaIUu5NRiOy9XiRrGYkeZXfVKPM7EeGPJ1a5YaG9/aydmRu2xn3CUxatbSGpxi7BA8EGdJW5ScVu1KtUZNcEk2z9pJEJbmUd9T7bgsX/PvA65Umq7CuUtI09BUd8d9jykcT89jESpz1EK5WmX8fjN7T/s2Egd0x7JsDMxf2AaC1oxrx2ZZ9jv/rjtN0rFm9pt2KVPyLTVcSh2ssMCfA29dvz66GxYrtlfHLuUhGIdi3FO/BjcaXD/5perqJGMEeBkjVuA1SxJuH91JMtrVvIFa0YXdD6MA7exGeFCRg2w7lSBaVairKm9Q1o68rQQh5JLytIYvJxEGXA48E++Pa1lJqNZKcO4EyuVTravru3Mci+Bqa9fPxlYcyORg3L0wMvJoCKdkZdZnKZHPzrXTnGqRtYDuJk3PBt5HG9wMAEoJlrRQRdJIFHgMwJptkSAcAMx5r0Gal6Zudqf+244zTCBSdn7yTNsbR3dByVoXcLuDQRyuaSsosEzSUtrNXe0mCDPeNecGZFhpegPOvZTZyWYCCjj3sHm6/shuZ6bsQOLOxrllsw5KXajrN3tOThDaMubm6HaGyfZN/N3fCxBgV5xWB8jL4TiGVgLyDAJ8thPvKXUkSNY7SOvpl5abuohWjKAQXRh3DJ5nn27XcRcqKMRJElmL3pmsjzPB4XGadAyCJE8a+hbp9VfVjidLOtrMfj8b19WWXH0IFa4RvDoYK13Wdc1m8OYbUDHj6O9cpp7frY8tcRcrBnoJJpn7OM+XUbYWSo4rS3XsOPgUYaZ1RYm+aOQXaFsjRFKU3HawdbOwq6Vc4V7YqFHvR9p5tDhDOoDJTmQvnIR3/4fZZC8s2Is23pthCfAs4EP5/Gqp/HKplL2of/xP9uubX6WdwKGa6bE8ToFdOJ4txxF9ffabYlGuVLJYF2FRLuIm+6j2Ivahh9PV7TQhOQpV33BExFQkoWQW2tXp0y3ce2IihMeO39bsUZ4nA2jt/ByQUxSgXD4T6JpVcaSO0ELC2fnfZu1muO4V6gaWM1U8g0P7fDLDIYzgxDFxBVycyDMY9Ncf08mQZTBYtucbjx23NP+EiU+26BCCsdwCP1jazc87sYpiWsZAtn09llVEmMUnomMw7wRBkjezinbsWA08n4kMgdke+PfzRWza+TnA1AMDgrZuLeB9XxvJ30K+G0/L3QxqndCZBnrln/VexjA+44wlONJGZGCK3WNqxnKXdV1kA7EmwmJDNYPBAqvI3KEVaYp3o440uIAspSDx4Fv7bGcnVlFMPQFMA30EzDSrT0THoH0uhuFhV01znKL1gvGDHzgzK2tgwLNixWdw7mGzqoUwYYBEktw/H/xAUldbjN4ddxgPf7jMbPRAIpxmlmps7PE4tx6Y7dguoA4y7mZYRpqeAXyYWbgZ1qzDzEw3XarbuzxJORDcDN1iIROjyxiHxDiExYl127J+IZd9jHMwRhHJeM2AGQQsmghZWmTn7bAlrMvoPm2zklcO43v3tF6IZPVx6OrHU4lE4UAjCD09I3nq3nTSVyrpSEJ4O849Y9bR7VJWQyGEO3BuW3U9nQNj4fLiO2sJ4Za2EIS1a40QdmvHjufYIYc8MEf1GxYG3j8HSPLxnZUk0RZDP4sryI9xek4QWp5b967PC484HkzFkAk/1SxSTntrTuaBXYizXOAhfX12h4pyFuMQFg36+7Oy45d+TMdV6UCNgpDXiKk2JtuHMEhGguOznVRFMQ+yDUCX4C2H72To94ZrqdpHjvt/hz33f3jDZ+GXMdbmQCII5fJaSZ7hYU9Pz8SgDg3B0qWrgYdRCecC5+DckW1KfauKcT8ys51zXmrZuW7gD9p2vBDG8L5wIEykcfeC1EUI59YufC2TA+fa4XqaFdXJ/3ympEPNrGUi15cXf/mjd9ngzZfr7804ulp5rgEh2JfnZAuy8DwM9Ju4dC0eVCsoXvpRrTdxnGDIDNsn1bURYVBW/MbEg0oZBdm63s6rpih4pIGb7fZMwixlWZw1BwpBkLJdmvdfIYQKXV2OECYmcHc3wBry7VNuGEMb8+IN6XOzNkgzvdf2NFqqGr+9cMA0KMncC9ITce7RZH0yWh/jrLT16CzHNCse0nIHSTMgxbnVwBnAp5mFm0HIthTx2s1dMh6mJmZsEKk5lgf4M7Bvb0EeYofHxYBq4J7/CKeacViAexHJ/pwFOWEIgkPMsfk9f2HbegfkSx1Yi8XEqAzNdgUWWHBxXh94CoJzh87AsGYpb+3wS2fuBSOE3+H9V6s72Ll/E9py7dXAzAMv2KwSziVxvmX3woTb6KtUKlcAnq6uVsY1M+QhvAOzp7esWGWNyKrZDJ+ezRzbUsRvLFnlpsv16cRxWhrYnXXnm57h5AzSS+xGnLb5r3X4hn7uV/8B5JY6gDHQSzAzuQ/rHMGIy997p4nJpGmaLBgExN2dfI+5u2HWGzSLnUsPUIJQqxo02om1P1gtAAnS+8zs/jw7IlY5XIjFYcK9sIQ0nDVLNScADunz1t39k1lfW6XydeBpszhElVScLt27wsx2t+pmqMYhAA8EMcwUQYo1pKB25TQHI6lxQhesM7NvqqipOltGdAiK+Rhd/nGdpJQTyJpujb8brmbQpyEL3hn/Fp9mxHyjfUY7IwGNP+23SCnOJYSwHe/fP2/qQcSU88jMRKXyp3h3LJl7wbUwrsqNZhnvfyrJSSrkfzb7KUhyeP+fmXlt0d2RZTMEnFtN5ZCn15GGplCNQ3jSu+xzIeW3Bt25jzlroZZ/prL4QcgyUv88gC0x3bHjsX19lr2SBB7njMMxylOR52qnO69MXXBCJhLgQXOdG38QEQlCJ21Xs/iFEEZJ05eY2d5sGY9S68LPJvd8suyFlkcX54w0/R3wkzzgtGJmodlP9XvArwjhLsxmkxURAMO559T8f4s3KNNn5THuD1CQTRCE/X7X8II9qfGUWy/ToVsy1SZKsp27WNlgL+GKq7SKwIsI7LFAMpMBy8lC8LDMi5+88wW2vXcAV7IY1R8RCcLUykGWchhw7gXW1XVz7lqIL82CDYnMzKWSVgKnV/fdLdtPAO9vNrORfGxbMup5YSNnZg8C1Z4frbqgqorBmZKW56WkW7vHAZz1WZrC26rkYAbEIMt+zxo9DTtY/6DnhaWShS39sfRup6J3IGtjGjynCtaRZy9YjVowg0nknOPL8WlGRIIwjRVCquCcx2yUSuX5ZjYoKYlxBws/h6RgVCpPwrljaNW9UEsQ4IY2z+8fMJuKnVU3g9kRVCrPqCMNzR0qdzM85V38exB3krsZpiIFk2iIkMsS4XcgXva1l+uwDVFF6FgMbstqH5jjmRJls5rSyjVMukoU6lszKHMnPegTvh/dCxGRIOxLDEJODCyPObiVcvlp1t09UC3ZHIdw4UfJzESSPK/OyDdPAsETwgjwk1kdawIh34N9jdlnjWRZGc49bbbXNtArXyxiHq4xWFotgdCQFOTEwCDkhXQMGBY8squHF1hUEToSxaKc+tHffUwnGpxnxh5UM/8aEAWbrCoEg2VB/PgtF9nt0b0QEQlCphQEpDQPRHQ4lwA7CeHNOPen1tV1U8xY6JjhMjML2rVrDSGckS1roXX1wDlDugP4Wb5xn+2CmC/Be39FCDvz47dq2KtG+DmSevKaDy3t3Nesw0olC6nYDFgjUpD/KNQQg/FAxjTLod8FvPymy3XElqgidB76MzdXpcImxBLLamfYPkqBGpMFny3OZsZ1AFE9iFgIJNQGUM//IqNJf2ZkYOIaQrgD+CTl8sdtyZLbcqPkWiQHC3mfja6l/ZkXmfGr3mOYxXU1QzBTenr+FOfWEEIZ8C2eOxtTs2+bWaUdJLAahwDcjQvfBZ4BpEit7bhDSIGHUan8KfC18ftvEhtLVgHZk9/Ff3zr1dwI/BFimEyC1njJ3cabTfLqi6MyjhlxHF8q2T3rt8vTho6TEe1RDwCu/JDWmXi2jJ0KJLXtnK2RDKUadphxhKFC4Ja57L9gWRnnIBE6gWFqDusgmEfSeLJQ0+eREdDcZcuNjwWEZiOv8izZ4NReIpkAXYDDuYVXEzJ5+TfAjYRwHQ888A17yEP25LbPA2EWu8rujrnPCSylnS+EWSG/x655UpaqxO4vyKL8C7M+Z6Wyuc3P2JlZRWn6SxxntGn8n5cThJaxuYi3klVuRJ9NHBtDyi4gqZ0NjbIbZJNWUvnAZcB31qybVd2JKqls9ns0SXJbJbCtEOrZkOXq+VpabLdvxwbN0iv/VZuAHoNhg4SQp7HuhyiYqCjr+Pipt7zEbp/L6omCBNGDqGAdoSibC3NzHUpJcPQgerAW3HIZieoxzdFzMroQPVQLCjZ7bUZPbs/bShDuAm4nTeez814Z51JC+G8Cd5K4X5Kmd5Kmv6gvjpMTA7XBpXAHcPg83+fUw5mVWt5NCJX2vOeAdC9we37MpOXrkoZnIFZk7oUdOw4FjsrP21ogYFauG2AE6YeNNlezoZ3Zf921OM5q+Ronj9vxkrpn04lzQz8pJQgp3wjif8kqKmoqYjCJHGSLiQ+wQ3Du11+tSzeW7D2bi0oydWKG2LXLWLmyp0XiXP39nhZIequLWE8TdVWqZHkWrYOaNyJ5g6H0bz+iDUp5lsEuaeJddPmMnI4o5MGJDyjwobkOTjRjh8SvDPZ2SBVDU4WROVl0jZ0GtwE7rTX3ugRLUzHU7ms7YgPSl7gTY6XBSAtjIcFSZ9zV3sHYvDnhoQ/1nHCC2LZt7od//XrMbGw/xqcaqxPaVd9AUsJtt83ffc7sWYgsX79d9+i57baEsTHNZnyA8kyvafy5jo2J9etp+dmuXw9btgTbuHHOAk91661ds77Gbdtg5UrPMceMzjZGYqBXvm/Q0m/+td5hjksl7pXtS+zqBeYwwSRk0IVxX+p4/NPfyi6y1iiaAbmT7rtvJatXX4tzxxBCaHLXUi2J/Sve+MYzrFQKOc1To3lpZqnS9CqcO70FAqu8rPoOnHuqme2YqpplntlUkXQp8Mrc7dWsspWdr1x+oXV1fXvm7i5ZsYjtWkn30hV8zYyjgzFU91y1z1i6SepBKmOVAlve9n/tL3oH5Af75i7eqliU27Khs2LRbtxICnNQ10ay4hb8ltle3wbSuWhH3Tsgf8+a2ZG0I+5F7ZwvC8YY86Cq2u5lVUIQI3UjDgoUi3L9JfTd13F0eYwfkO00A1ld+6mJweQ3uGxwqMQ7nnoHxS3rsGZUBEkFbrvNccIJzS94t91mnHBCMLPyjMlktitv9Vza3+ZiElmeiLGipfN96lNlK5VmvB4NDMj39Vn6d/+iP5N4u8F9goLcNKrfvkShYnBoKl779pfYv8WWxxELKufUGOv5O+kCVT3sxEjvdj+Ldtxjs9fUzuc6l3OjE6+zqiJseY3ebuIyxL1yk3fXUxCD2h+lgiPSlCc+8532PfXK22DM8plvslcqWShepcdgfEkQQpYzMz7n9ksUjBCgR8Z/jy3n3JXbGC2V0Jzspg9ayOLznDmShTTYi90Yx3tcXM+1E69z2zokZNeP8P96unkhji7LshFsBsSgamEcsMMnfOSLr9IT+w9h10wbSs03oZzt+TrzXDLAFTfL6ZdcYcZSJ3aa8LVSTlUHqCMKtcGQwQV65PiXd/fZcO+A/MS3Itq0CkRy0ARis5eIiAVEqWRhsBf37PfZ72R8GFgBpOkMyEFNMKMJxgTHL13Cq0slCz/YNDMfv5lptp9mje6Bdq7eAVypZBVu4x3OOEtiZ56mSNWn4hoQhQYkYSmOW7sqXJfFHsQGdBGRIEREHNRYsw4TMhf4pqCQNiIG1jhlvrp/zRs53ecdf3vDa3XpqVdbeetVKsSnO7coFuUG+ywtflBPMXG2xL0mCrVVE2urJNaShDqiEBCHIK4ubbKhuNuN6Ai9JT6CiIiFRzUW4Ruv0TsRr8S4T0ZiTE0MgPrqNhJ4jN0h5Yxnvd1+oaKcxSC3uRmzPCjxje/XiSHhemCMLB7EJlQMpJphq23tXUPwAsYy4DuFlL9av5rRvj5CJAgRUUGIiIhg27rMiKTwTjN2YnRZjR2pr42gfclBNZqtAhxGwrXXXal1g9sxFRXf87ZD1tdnabEoR8IVJnxOECYValCm/UxSE1zdwuuEOTFW8PxtaZMNbdsWAxMjIkGIiIjIUSpZUFHuGW+33wfjbcCS6kazkWqgKSouGrjg2Ak8HOMf+wYt/cFdeBF7NbSTHBSL+OJHtCQ5mqsQZ5AV30lqiUAde3O1xW8cWWyCQRljNeKa0ovtjmJRSUxrjIgEISIiYhIsJwlPf5u9DfgRsEI1/RWmUA0m/u5Q8ASgYHCPwcbrrtQbT73ayluKkSS0C8UihVLJKskwz3WiT8Y9ZCWLJ+376xsz7aMmiOBhlRPby+Lvs1TJ2E8jIhKEiIiIBugnC3xLUl4gGDKjC1Bo0PGxLlBRqglkDEYisQfjddf9rd64sWSVSBLaQQ6UlEo29g/v12kGrwPuLEBhUgBineQzpZrgQFD2nne+dZPtbPztiIgF3LTERxAR0VmoBhZ+/bV6LVAMWWtn34gYAMgTNBVxEBUcRxq8+dn/YG/QgDx9BIuGqGlcfJUKV2+y8j+8X6dhfFRZ1csxs4l1tDKZtO07thMLb1mwBsfHS39lr82JRyU+5YhIECIiImZEEr72N/oWcLLEbsDvoxq46dMfq3YrwJHB+Mdz/t5ev7moZEOJNJKEJsYjLzz11qt0WpryUWXZCmVyFdZqxqHeyjcgCmmA5YhfWTcXcAd7MtdCHI+IzkJ0MUREdCD6yVwNwF8I9spIVJvVMHNyQIAkGP9rcOU1r8/cDVdfTBKzG2ZGDKoVGd/yXj1LKR8GUgfl2o6AChObrfoKVQ3Mvjkwb7yj9GLbkQ1RJAcRUUGIiIhoUkX46pV6LeItiHsAN51LYR9yMLmQQhnjITLees4b7fUwUX8hPu19MTAg39tL6O/Hlq7hX4EzBTvkGO98WV8Ou1ZJCEyud0A2FmWDI814+RsutoFqLYX4tCMiQYiIiGgKm4tKNpascv0Vep2DK4NjF9Y4HmGf7o+15MDGUyYDxsoA/+GN0tkl+69IEhqTg6rhfts/6cPAWYJ7DbwMC5MVmpmShBQ4DGNL6OJF3EEluhYiIkGIiIho3VjlBvz6K3Uj8ASD+wJ07VN+eWrlYLxUs7LfqwAPEfy3jBedX7JbBnrle9ehg73qYtWdYGZ65//TxlRcRsKpwINAoppnreZIQgosBW4OxktKmxiWDp5GeRGLE9EHGRHR4di2Dg30yqfixWb8t+AQbHIs3JTkICvjW0sOIHOT/y9wqAt84/Ov19/3DVpqJQubi0oOzqcsGxiQNzP192PvfI+eHeCjZvyhBXYgCrU7KhO4MHkhnVTzIEwqihScSEw4l/La0iYb6u3FRXIQERWEiIiIWSMromPha0WtLZe5BvFQspgC14RyULNTRgYhz3dc4Yz/kOdN57/Bfr65qGQLhIOlol9ta+y3/7OO8GXeKjgrwA6ynb+nLii0CSUhlfAYS0Pg5endfHn9eizGHUREghAREdE2bL1KhVM3WfkrV+p0jBtScSeuWrF3anJQ/bdaclD38wqOI4Jxh4MPXFC090IW/3Bgp0PKBgZw1Z4Kq1bxLPO8G6OnEhhyDpNqbr5ZkiCE4c2xxAIvf93L7JreXvnBGO8REQlCREREu1E12tdfyRXBeJMZdxv4Oiu+X3IwSVHI9PGyoAdYJvHvEv/QV7LtuXqR9B9gRKHWUP/zP+uI8ihvwzhTxi4zyqnwkzoutkYSAtAV4LI3vMyuicWQIiJBiIiImNt9b57++B+v05XAG+W4O4z3/mlKOch+7ifZtbLgIRh3yPggBT7e9zdZGeDFThQkWX8/vtZIv/9dek4K78bRLTEEmFy2LlYaEYTseYWGP59MEkaCOBbjg3/7MvubYlFdpZKNxdkbEQlCRETEnCsJG0tWufZ1ujIYbzS4B8PNhBzUqgc15ICaQkwVGUuAFTJ+JfjQygofe3bJdlXPvWXRxCjIJKglBr298hv+hDMEFwf4Y2AIo6yaksnV59MsSQiWETSDowRfGRnlpeyIlRIjIkGIiIhYAJJwzev1NwTehOMuMoeBk+3Tk6Gha6Fmxxtq5fLcf56GzO2wXMavDD7kahQFSTY4iOvtJXRaRH4jteCqd+moingRcIrgtLxT5u480NNkkypVjksqTbgaAiKR4YLjfYW9/MtrXmN7a4MgIyIiQYiIiJhXkvDlv9MVAd6Mcb9gNEBi1QyG/bsWxtWDej86QjhSoAexHONWjM2p45qLXmffrTfI/f1Zu+L5NojV+gX9/VkRqSoxKBblju7hYannhcBFMo4MMOKM3cEm2i9Xi043IglTqQh1JCEE8AY9znjZa15u11bVi0gOIiJBiIiIWJjdch6TcM3rdYHgdcE4AXjQoDADciDV2L19CEJ1lRASVMzoDsZKYCiIr5jxvQBffMHf2V31xGVLZrDHI/bbZygzwwuwpR9/73pUnzb4gXfqoQRe6IxTAzwB6AlirxmjyssY1N5vTVeKSW2z90sSXPZcMJYgugQvveIV9uUs5oBydCtERIIQERGxoKiWBr6mqLWpuBZ4pIn7lfcOmsq1UNcAqjE5qFUZhJQpCj7AqvxXhzD+M8AtaYHPjwWGN+VuiHrSUP37Fgj9/czYeG7pnygvvbFBJsDH3qzDRh098rzAYJngfOBoYDiIYYwUw6maElrNRKy9v2lUBAFpY5JQkWMpsEtwZU4OYrZCRCQIERERnYOrrlJh0yYrf/FNOsbG+AywDmO3hAXLq6ZOjjsYVw80mQjU+tqrP5QM1RpMQZqrC15ZfweZsQtxL57rgHt9wmfS3Tg7lJEXvCoLcmwHGdp5G4cv8RTK8AKMZcE4X0YXcKiEBdhpxhjgJNy48Z9MgNSMihAmEydJBGCNjBsKKZdcdpntiHUOIiJBiIiI6EhUKy4CfOHv9Bpn/KOM+wOMAn6KrIWZqQd1xrIWygIaMSNBeDlWknUuvC+IAsYDwBclZEaPM64bHuaXSRdWGWusJCxfAXt2w5IelobACyxrW51i/CHGKRLDZqxRdq07Q2bUy/n1eakmKyEnR3UkoSkVoXrfgoqyvgw9BputwsWXX27DsTNjRCQIERERi4YkfKmoCyvibwweg+d+5fUSpiIHM1EPGhGESfENWf+HND9CQYZMeImV+c7bm/EgMLK/e8mvxSHWjJ/LMWwwLMOcMZr/2Fdq1rP6kseTjP80KsIMSEI5hVUCc7Dpr18VgxEjIkGIiIhYZKjuaL/4Jh0TKvybHOuBEeVqQr3xa0gOGqgHokGBoMmGWDUrjJSVbpKM1OWG2bLYiP02i8vVAaFMGcjP52C85sP4udK61SydgiDMVEVgsqshzeskHCW4oRJ472sus29mZAzFYMSISBAiIiIWm5owHjA3WNSrcbyGTBq/H3DjsQn1qkCdelBrRBu4F6YkCNNZTbP9BykKqHUV1Btzanb5db0oZqoiNMzgGCcJWbOlCrBaxrDgn3Y8wD+XSjYSXQoRkSBEREQsdpLg+vuRmWmgqOOdZxPipYIhYK+MQqvqQdUw0wJBmAkafV+T3Rnj/ER11zITgpDfzz4kIf+9oKyT4+EYN1TgfZe/ym6sVWfi7IqIBCEiIuKAIArV2ITBknrluBzxOODekKX6J3XqwbgfviX3wjwTBNi/m2F/KgIuy05QVrZ6GeJ/ZXwCx/tf9Sob3bxZycaNMYUxIhKEiIiIA5AkbAC3sWSVzxf1sNRzmcQFwTjMstTAck3thMbVFTuYILTiZshJTzAjDaLLjJ483uArY+Kyyy+3B6JqEBEJQkRExEGBaolmgIGijg8JFyP6lBMFyJsXCZtp9kI9QWhH1N5Ux2hHHALkZaizFM1ug2Uy7sH4aSquetXltjknVUlsthQRCUJERMRBA0k22Ifrywv7fOFNeuQYbEL0YawW7FamKGDg9qcedAJBUAPSUr/lN0OpIQchKO9aCb8Jno+sLPDJv3iF3T/5LJEYRESCEBEREYkCn/tHHVdO2WTiOTIOA5xgOM0KHzkzTLmyMJfuhemO00wcQo2KoPx/Czh6BN3Ar2V8rMfx0RdfZjuqR+ztxcWKiBGRIEREREQw0b656mcfKGp56nmGHC8THCdxBMZejFGJch7IZ+RpiJ1CEMbdDIbyNMkKRiLosqx99QMyvov4rncM/FUeY1AsKukvkVpUDCIiIkGIiIjYF8WiXD9gecaDJPv0W3iEAudIPB1Yj3FYgCGDsqBiWdOicXVhPglCvpIFy4oykbpxr0J3rnQcIrHDjHuBjznHJ6ukAKrBh4ToSoiIiAQhIiJiZqbZBgYmFIUqeXjUEh4uOCeIpwkeRWClOVbI2J1XPKzIUZGwcZdEvtjUFz1qhSAo1yzyls8pgHMEQbdljalWhiwu4feIITm+VEn51uEJW/sut+HqUYpFfAw+jIiIBCEiImIWREHKWi7XtlouFpWsX8OS0R2cHjzHYzxZ4kTLgv5WUG0FDWMIhxEMRjXVupN1hrR6TlCTjijLGj/5PBDR5ecyc4wh7sIYIvDZtMDuxPHZZYHRCVKQqQW9vYTYNyEiIhKEiIiIeSALVcJwzFJ6CnAagRMlhs3xVAXWYQyTxQAcramVgtQyRaCr9ud5l0ghPHA/YpccHmOvxGdMSI7hivjs6gJjtYSgel1AiD0TIiIiQYiIiJgvsgAMDuAe/Dpu09VW3uc3JBt8KyvvGSZd1cMhFfhz6ts+ZHECQqxBHIFjWx7LUJsyGUwsJfCNvWP8pNCDZ5jyppIN1Z9zc0YI2NBPapafISIiomn8f1Z+GiLh5vOxAAAAAElFTkSuQmCC\" alt=\"BETA ETF\" width=\"520\" height=\"146\">\n  \u003Ch2 id=\"bd-title\">Droga do ETF\u003C/h2>\n  \u003Cp class=\"bd-lead\">Potrzeby, motywacje i bariery polskich inwestorów na drodze do ETF. Najważniejsze wyniki badania.\u003C/p>\n  \u003Cdl class=\"bd-facts\">\n   \u003Cdiv>\u003Cdt>pracujących Polaków, którzy oszczędzają lub inwestują\u003C/dt>\u003Cdd>1575 osób\u003C/dd>\u003C/div>\n   \u003Cdiv>\u003Cdt>badanie ilościowe CAWI, panel Ariadna\u003C/dt>\u003Cdd>7–30.09.2026\u003C/dd>\u003C/div>\n   \u003Cdiv>\u003Cdt>Research & Insight Studio\u003C/dt>\u003Cdd>dr hab. Katarzyna Sekścińska\u003C/dd>\u003C/div>\n  \u003C/dl>\n \u003C/header>\n \u003Col class=\"bd-road\">\n  \u003Cli class=\"bd-stage\">\n    \u003Cspan class=\"bd-stage__pin\" aria-hidden=\"true\">1\u003C/span>\n    \u003Cdiv class=\"bd-stage__head\">\n      \u003Cp class=\"bd-stage__step\">Etap 1\u003C/p>\n      \u003Ch3 class=\"bd-stage__title\">Inwestowanie to przede wszystkim plan na długi termin\u003C/h3>\n    \u003C/div>\n    \u003Cdiv class=\"bd-stage__grid\">\n      \u003Cp class=\"bd-big\">\u003Cspan class=\"bd-big__num\">44%\u003C/span>\u003Cspan class=\"bd-big__txt\">badanych łączy inwestowanie z zabezpieczeniem przyszłości, w tym emerytury\u003C/span>\u003C/p>\n      \u003Cdiv class=\"bd-stage__body\">\u003Cul class=\"bd-bars\">\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">pomnażanie majątku\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:39%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">39%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">ochrona oszczędności przed inflacją\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:32%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">32%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar bd-bar--muted\">\u003Cspan class=\"bd-bar__label\">krótkoterminowa spekulacja\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:8%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">8%\u003C/span>\u003C/li>\u003C/ul>\u003Cp class=\"bd-sub\">Cel: długoterminowe pomnażanie kapitału\u003C/p>\u003Cul class=\"bd-bars\">\u003Cli class=\"bd-pair\">\u003Cspan class=\"bd-bar__label\">\u003C/span>\u003Cspan class=\"bd-pair__row\">\u003Cspan class=\"bd-pair__who\">posiadacze ETF\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:37%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">37%\u003C/span>\u003C/span>\u003Cspan class=\"bd-pair__row bd-pair__row--muted\">\u003Cspan class=\"bd-pair__who\">pozostali\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:27%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">27%\u003C/span>\u003C/span>\u003C/li>\u003C/ul>\u003Cp class=\"bd-note\">Najczęstszym motywem wyboru ETF jest dywersyfikacja portfela (28%), a następnie długoterminowe budowanie majątku (21%).\u003C/p>\u003C/div>\n    \u003C/div>\n  \u003C/li>\n  \u003Cli class=\"bd-stage\">\n    \u003Cspan class=\"bd-stage__pin\" aria-hidden=\"true\">2\u003C/span>\n    \u003Cdiv class=\"bd-stage__head\">\n      \u003Cp class=\"bd-stage__step\">Etap 2\u003C/p>\n      \u003Ch3 class=\"bd-stage__title\">Największą barierą jest niepełne zrozumienie, jak działają ETF\u003C/h3>\n    \u003C/div>\n    \u003Cdiv class=\"bd-stage__grid\">\n      \u003Cp class=\"bd-big\">\u003Cspan class=\"bd-big__num\">32%\u003C/span>\u003Cspan class=\"bd-big__txt\">osób nieinwestujących w ETF wskazuje brak pełnego zrozumienia zasad ich działania\u003C/span>\u003C/p>\n      \u003Cdiv class=\"bd-stage__body\">\u003Cul class=\"bd-bars\">\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">obawy związane z ryzykiem rynku kapitałowego\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:18%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">18%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">preferowanie bezpieczniejszych rozwiązań\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:17%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">17%\u003C/span>\u003C/li>\u003C/ul>\u003Cp class=\"bd-note\">Bariery zmieniają się z doświadczeniem. Wśród osób, które w ogóle nie inwestują, na pierwszym miejscu jest obawa przed utratą pieniędzy (41%).\u003C/p>\u003C/div>\n    \u003C/div>\n  \u003C/li>\n  \u003Cli class=\"bd-stage\">\n    \u003Cspan class=\"bd-stage__pin\" aria-hidden=\"true\">3\u003C/span>\n    \u003Cdiv class=\"bd-stage__head\">\n      \u003Cp class=\"bd-stage__step\">Etap 3\u003C/p>\n      \u003Ch3 class=\"bd-stage__title\">Posiadanie ETF nie zawsze oznacza ich zrozumienie\u003C/h3>\n    \u003C/div>\n    \u003Cdiv class=\"bd-stage__grid\">\n      \u003Cp class=\"bd-big\">\u003Cspan class=\"bd-big__num\">73%\u003C/span>\u003Cspan class=\"bd-big__txt\">posiadaczy ETF błędnie uważa, że inwestowanie w ETF zawsze przynosi zysk (49% wszystkich badanych)\u003C/span>\u003C/p>\n      \u003Cdiv class=\"bd-stage__body\">\u003Cp class=\"bd-sub\">Średni wynik testu wiedzy (odsetek poprawnych odpowiedzi)\u003C/p>\u003Cul class=\"bd-bars\">\u003Cli class=\"bd-pair\">\u003Cspan class=\"bd-bar__label\">\u003C/span>\u003Cspan class=\"bd-pair__row\">\u003Cspan class=\"bd-pair__who\">posiadacze ETF\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:58%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">58%\u003C/span>\u003C/span>\u003Cspan class=\"bd-pair__row bd-pair__row--muted\">\u003Cspan class=\"bd-pair__who\">pozostali\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:30%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">30%\u003C/span>\u003C/span>\u003C/li>\u003C/ul>\u003Cp class=\"bd-note\">Tylko 35% respondentów wie, że zakup ETF w obcej walucie może wiązać się z ryzykiem kursowym.\u003C/p>\u003C/div>\n    \u003C/div>\n  \u003C/li>\n  \u003Cli class=\"bd-stage\">\n    \u003Cspan class=\"bd-stage__pin\" aria-hidden=\"true\">4\u003C/span>\n    \u003Cdiv class=\"bd-stage__head\">\n      \u003Cp class=\"bd-stage__step\">Etap 4\u003C/p>\n      \u003Ch3 class=\"bd-stage__title\">Przy wyborze platformy liczą się koszty i przejrzystość\u003C/h3>\n    \u003C/div>\n    \u003Cdiv class=\"bd-stage__grid\">\n      \u003Cp class=\"bd-big\">\u003Cspan class=\"bd-big__num\">81%\u003C/span>\u003Cspan class=\"bd-big__txt\">posiadaczy ETF uznaje niskie koszty inwestowania za ważne lub bardzo ważne\u003C/span>\u003C/p>\n      \u003Cdiv class=\"bd-stage__body\">\u003Cp class=\"bd-sub\">Najważniejsze kryteria wyboru aplikacji lub firmy\u003C/p>\u003Cul class=\"bd-bars\">\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">niskie opłaty i prowizje\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:30%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">30%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">duży wybór ETF\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:28%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">28%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">brak ukrytych opłat\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:23%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">23%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">możliwość inwestowania małych kwot\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:22%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">22%\u003C/span>\u003C/li>\u003C/ul>\u003Cp class=\"bd-note\">Mediana kwoty, którą badani mogliby miesięcznie przeznaczać na inwestycje, mieści się w przedziale 501–1000 zł, a 30% wskazuje kwoty do 500 zł.\u003C/p>\u003C/div>\n    \u003C/div>\n  \u003C/li>\n  \u003Cli class=\"bd-stage\">\n    \u003Cspan class=\"bd-stage__pin\" aria-hidden=\"true\">5\u003C/span>\n    \u003Cdiv class=\"bd-stage__head\">\n      \u003Cp class=\"bd-stage__step\">Etap 5\u003C/p>\n      \u003Ch3 class=\"bd-stage__title\">W codziennym inwestowaniu najwięcej kłopotu sprawiają podatki\u003C/h3>\n    \u003C/div>\n    \u003Cdiv class=\"bd-stage__grid\">\n      \u003Cp class=\"bd-big\">\u003Cspan class=\"bd-big__num\">34%\u003C/span>\u003Cspan class=\"bd-big__txt\">posiadaczy ETF wskazuje podatki i rozliczenia jako największą niedogodność\u003C/span>\u003C/p>\n      \u003Cdiv class=\"bd-stage__body\">\u003Cul class=\"bd-bars\">\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">opłaty\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:28%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">28%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">nadmiar podobnych produktów\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:27%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">27%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">ryzyko walutowe\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:23%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">23%\u003C/span>\u003C/li>\u003C/ul>\u003Cp class=\"bd-note\">Respondenci mają w portfelu średnio 4,3 ETF (mediana: 3). Najpopularniejsze są ETF na akcje globalne (54%).\u003C/p>\u003C/div>\n    \u003C/div>\n  \u003C/li>\n  \u003Cli class=\"bd-stage\">\n    \u003Cspan class=\"bd-stage__pin\" aria-hidden=\"true\">6\u003C/span>\n    \u003Cdiv class=\"bd-stage__head\">\n      \u003Cp class=\"bd-stage__step\">Etap 6\u003C/p>\n      \u003Ch3 class=\"bd-stage__title\">Zaufanie buduje prosty język i uczciwe pokazanie ryzyka\u003C/h3>\n    \u003C/div>\n    \u003Cdiv class=\"bd-stage__grid\">\n      \u003Cp class=\"bd-big\">\u003Cspan class=\"bd-big__num\">40%\u003C/span>\u003Cspan class=\"bd-big__txt\">badanych deklaruje negatywny stosunek do instytucji finansowych\u003C/span>\u003C/p>\n      \u003Cdiv class=\"bd-stage__body\">\u003Cdiv class=\"bd-stack\" role=\"img\" aria-label=\"Stosunek do instytucji finansowych: negatywny 40%, neutralny 45%, pozytywny 15%\">\u003Cspan style=\"--v:40%\" class=\"bd-stack__neg\">40%\u003C/span>\u003Cspan style=\"--v:45%\" class=\"bd-stack__neu\">45%\u003C/span>\u003Cspan style=\"--v:15%\" class=\"bd-stack__pos\">15%\u003C/span>\u003C/div>\u003Cp class=\"bd-legend\">\u003Cspan class=\"bd-dot bd-dot--neg\">\u003C/span>negatywny \u003Cspan class=\"bd-dot bd-dot--neu\">\u003C/span>neutralny \u003Cspan class=\"bd-dot bd-dot--pos\">\u003C/span>pozytywny\u003C/p>\u003Cp class=\"bd-sub\">Czego oczekują badani od edukacji o ETF\u003C/p>\u003Cul class=\"bd-bars\">\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">materiały prowadzące krok po kroku\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:36%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">36%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">niezależni eksperci jako źródło informacji\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:35%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">35%\u003C/span>\u003C/li>\u003Cli class=\"bd-bar \">\u003Cspan class=\"bd-bar__label\">inwestorzy dzielący się doświadczeniem\u003C/span>\u003Cspan class=\"bd-bar__track\" aria-hidden=\"true\">\u003Cspan class=\"bd-bar__fill\" style=\"--v:34%\">\u003C/span>\u003C/span>\u003Cspan class=\"bd-bar__val\">34%\u003C/span>\u003C/li>\u003C/ul>\u003Cp class=\"bd-note\">Najwyżej ocenianymi pośrednikami są banki (6,1/10). Zaufanie do dostawców ETF wynosi 4,3–4,5/10.\u003C/p>\u003C/div>\n    \u003C/div>\n  \u003C/li>\n \u003C/ol>\n \u003Cdiv class=\"bd-end\">\n  \u003Csvg class=\"bd-ring\" viewBox=\"0 0 120 120\" role=\"img\" aria-label=\"Cel podróży: ETF\">\n   \u003Cdefs>\u003ClinearGradient id=\"bdg\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\">\u003Cstop offset=\"0\" stop-color=\"#18a5d9\"/>\u003Cstop offset=\".5\" stop-color=\"#4496e0\"/>\u003Cstop offset=\"1\" stop-color=\"#be6cf5\"/>\u003C/linearGradient>\u003C/defs>\n   \u003Ccircle cx=\"60\" cy=\"60\" r=\"48\" fill=\"none\" stroke=\"url(#bdg)\" stroke-width=\"11\" stroke-linecap=\"round\" stroke-dasharray=\"270 32\" transform=\"rotate(-70 60 60)\"/>\n   \u003Crect x=\"38\" y=\"66\" width=\"11\" height=\"18\" rx=\"2\" fill=\"#fff\"/>\u003Crect x=\"54\" y=\"55\" width=\"11\" height=\"29\" rx=\"2\" fill=\"#fff\"/>\u003Crect x=\"70\" y=\"42\" width=\"11\" height=\"42\" rx=\"2\" fill=\"#fff\"/>\n  \u003C/svg>\n  \u003Cdiv>\n   \u003Ch3>Cała droga do ETF w jednym raporcie\u003C/h3>\n   \u003Cp>Motywacje, cele, kryteria wyboru, wiedza, źródła informacji i zaufanie do instytucji finansowych. Ponad 90 stron analiz z porównaniem osób posiadających ETF i tych, które z nich nie korzystają.\u003C/p>\n   \u003Ca class=\"bd-btn\" href=\"#\">Pobierz pełny raport (PDF)\u003Csvg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\">\u003Cpath d=\"M12 4v12M6 11l6 6 6-6M5 20h14\"/>\u003C/svg>\u003C/a>\n  \u003C/div>\n \u003C/div>\n \u003Cfooter class=\"bd-legal\">\n  \u003Cp>\u003Cstrong>Materiał marketingowy.\u003C/strong> Badanie przeprowadzono na celowo dobranej próbie 1575 osób, dlatego wyniki nie odzwierciedlają struktury całej populacji pracujących Polaków. Wyniki oznaczone jako dotyczące posiadaczy ETF opierają się na odpowiedziach 345 osób.\u003C/p>\n  \u003Cp>Materiał ma charakter informacyjny i edukacyjny. Nie stanowi rekomendacji inwestycyjnej, porady inwestycyjnej, prawnej ani podatkowej. Inwestowanie w fundusze ETF wiąże się z ryzykiem inwestycyjnym, w tym z ryzykiem utraty części lub całości zainwestowanych środków oraz z ryzykiem walutowym. Wyniki historyczne nie gwarantują osiągnięcia podobnych wyników w przyszłości.\u003C/p>\n  \u003Cp>Przed podjęciem decyzji inwestycyjnej zapoznaj się z prospektem oraz dokumentem zawierającym kluczowe informacje (KID) funduszu, dostępnymi na \u003Ca href=\"https://betaetf.pl\" rel=\"noopener\">betaetf.pl\u003C/a>. Beta Towarzystwo Funduszy Inwestycyjnych S.A. podlega nadzorowi Komisji Nadzoru Finansowego.\u003C/p>\n \u003C/footer>\n\u003C/div>\n\u003C/section>\n",false,[11],1,1793865415009]