Huaxia Fund won the first prize with us $3.85 billion
At present, there are a wide range of institutions with QDII investment quota, including banks, funds, securities companies, insurance and trust. From the perspective of fund companies, as of November 30, among 131 fund management companies in China, 46 fund companies have obtained QDII quota, accounting for 35.11%. In terms of cumulative approved amount, according to wind information statistics, the cumulative approved amount of QDII of public offering funds is 44.09 billion US dollars, ranking first among the five categories of institutions.
In an interview with Securities Daily, a large-scale public offering fund related person said: for investors, the overseas market rules are complex and the research cost is high. The index tool has the advantages of transparency, efficiency and low cost, which can help investors easily copy the index performance. It is not only suitable for the allocation and trading needs of professional investors, but also for the general public Convenient choice for investors in investment and financial management.
With the release of the latest QDII approved quota data, the ranking list of public fund QDII quota has also emerged. At present, there are only three fund companies in the whole market that have obtained more than US $3 billion of QDII, namely, Huaxia Fund, Harvest Fund and e fund. The total QDII quota has reached US $3.85 billion, US $3.6 billion and US $3.05 billion respectively. Among the top ten public fund companies with QDII quota, there are China Southern Fund, Shanghai Investment Morgan fund, Boshi fund, UBS fund of SDIC, Guangfa fund, Huaan fund and Fuguo fund. The total approved quota of QDII is US $2.95 billion, US $2.75 billion, US $2.64 billion, respectively. There are 13 fund companies with more than $1 billion QDII quota, and the remaining 33 fund companies are all below $1 billion.
The issuance of the third round of QDII quota during the year directly promoted the substantial expansion of QDII quota of public funds. Specifically, safe plans to issue $4.296 billion of QDII quota to 23 institutions. According to the wind information data, the reporter of Securities Daily found that in the third round of QDII quota issuance this year, the newly increased QDII quota of public funds reached 2.69 billion US dollars, accounting for 60% of the total amount.
13 public offerings targeting overseas markets
From the perspective of new fund companies, there was no new fund company in the approval of investment quota of qualified domestic institutional investors on November 30. However, in the approved QDII quota issuance on November 4, three fund companies appeared for the first time, namely, Chuang Jin Hexin fund, Great Wall Fund and China Europe Fund, which respectively obtained QDII quota of 100 million US dollars for the first time. Overall, five public fund companies obtained QDII quota for the first time during the year, and increased the number of public funds to 46, and the remaining two were industrial fund and Wanjia fund.
In fact, in order to further meet the going global needs of domestic institutions and individual investors, fund companies attach great importance to the opportunity of QDII fund going abroad. Securities Daily reporter noted that many fund companies are aiming at overseas investment market and are actively applying for QDII business qualification. According to the official website of China Securities Regulatory Commission, there are 13 public funds queuing up for QDII business qualification, including Ping An Dahua fund, founder Fubang fund, Galaxy fund, Minsheng Jiayin fund, Morgan Stanley Huaxin Fund, HSBC Jinxin fund, Xingquan fund, Cinda Aoyin fund, depang fund, CICC fund, Baoying fund, YONGYING fund and Bank of Shanghai fund.
In terms of products, many fund companies that have obtained QDII quota are still intensively launching new QDII fund products. According to the CSRC official show, at present, a total of 9 funds such as Tianhong Hengsheng China Enterprise Index sponsored Securities Investment Fund (QDII) and GF global technology hybrid fund (QDII) are queuing up for audit.
Multiple QDII index funds
Increase or restore the upper limit of subscription
Recently, the reporter of Securities Daily learned from e fund that on the basis of abundant QDII quota, e fund raised the upper limit of purchase of several QDII index products such as China general Internet ETF link, standard & Poors 500lof and Nasdaq 100lof to 10 million yuan, providing investors with more abundant allocation space and more smooth admission options.
In this regard, after combing the latest announcement of public offering funds that have issued QDII funds, the reporter of Securities Daily found that since December, at least five QDII index funds have raised or restored the upper limit of subscription. Among them, there are a basket of fund products investing in Alibaba, Tencent, meituan, pinduoduo, Jingdong and other overseas listed Chinese Internet companies, and there are also the most representative index fund products tracking the investment in US stocks. It is not difficult to see that many fund companies are well aware of the needs of investors and raise the amount of many QDII index funds which are welcomed by investors.
The macro team of Boshi fund told Securities Daily: the performance price ratio of Hong Kong stocks is better than that of a shares, which has a strong allocation value in one year dimension. The recovery of economic growth is expected to continue to drive the rise of Hong Kong stocks. Structurally, the cyclical sector is expected to continue to outperform, focusing on the economic recovery superimposed plate undervalued, and replenishing the financial and raw material plate with large space for growth. In addition, consumer sectors, such as automobiles, household appliances and furniture, which are not expensive and whose fundamentals have been improved, deserve more attention.