The extension of A -share investment to the global capital market is an important trend in the development of public offerings in recent years. Fund subsidiaries and funds that continue to expand to expand are the best proofs.Judging from the latest disclosed fund reports, the continuous cultivation of public offers in the Manuria Fund, and other public offers in India, Vietnam, and other emerging growth economies ushered in the rich.In the middle and long -term performance of the five years, the relevant fund products have recorded positive income, becoming a representative case for overseas investment in public funds.
For example, as the only Indian Fund, as the only active equity India fund, it has achieved more than 30%in the past three years.Investment in India's Credit Suisse India Market Fund (), under the continued positive revenue effect, the total share increase in the third quarter of this year reached 80%.The Tianhong Vietnamese Stock Fund (QDII), which invests in the Vietnamese market, was only a 200 million -scale initiative in early 2020. In recent years, it has continued to highlight the performance effect in recent years. As of the end of the third quarter of this year, the scale has exceeded 5 billion yuan.
Financial assets of growth economy are popular
There are currently two public funds investing in the Indian market, which are derived from the Manol of the Manilist Fund and the ICBC Credit Suisse Fund.Specifically, the Walker India's opportunity stock fund was established in January 2019. It is the only active management fund investing in the Indian market in the market.As of the end of the third quarter of this year, the size of the Huili India's opportunity stock fund was close to 200 million yuan.The fund has recorded positive income since the past three months, six months, over the past year, and in the past three years, and the yields are 0.37%, 16.48%, 6.55%, 31.84%, and 28.81%, respectively.Agra Wealth Management
In the third quarter, the stock positions of the Huali India's opportunity stock funds were 85.47%, and the scale of holding stock assets was 166 million yuan, mostly companies in the fields of finance, consumption, industry, energy, medical care and other fields.Xi Ai Xi Ai Co., Ltd.), Axis Bank LTD (AXIS Co., Ltd.), (Co., Ltd.), State Bank of India (Co., Ltd.) and other institutions, there are also Reliance Industries LTDs (India Shipyne Industrial Corporation), Bharti Airtel LTD (BadiTelecommunications Co., Ltd.), Sun Pharmaceutica L Industries LTD (Sun Pharmaceutical Co., Ltd.) and other companies.
(The proportion of the investment industry of Huali India Opportunities, Source: Fund Third Season Report)
Different from the Huayan India's opportunity stock funds, ICBC Creditkin India Market Fund (LOF) is a fund in a fund, which mainly invested in related funds (including ETFs) that track the Indian market overseas to achieve an effective tracking of the Indian stock market trend.The fund was established in June 2018, and as of the end of the third quarter of this year, it was 1.142 billion yuan.As of the end of the third quarter, the fund has been positive for the past three months, the past six months, the past three years, the past five years, and the establishment of the past five years, and the yields are 0.18%, 15.50%, and 8.76%, respectively., 42.02%, 41.00%, 31.30%.
In the third quarter of this year, the fund's investment in India ETF exceeded 1 billion yuan, accounting for nearly 90%of the fund's total assets. The largest ETF was the ISHARES MSCI India UCITS ETF.Ishares MSCI India ETF (185 million yuan), Wisdomtree India Earnings (171 million yuan).
(ICBC Creditkin India Market Fund (LOF) net value growth rate at each stage, source: Fund three quarterly report)
In addition to the Indian market, in recent years, the emerging growth economies that have been continuously deployed by domestic public offering are VietnamSimla Stock. The representative product is the Tianhong Vietnam Market Stock Fund (QDII).Indore Stock
Tianhong Vietnam Market Stock Fund (QDII) is a initiative, which was only 200 million yuan at the beginning of 2020.As of the end of the third quarter of this year, the scale has exceeded 5 billion yuan.Judging from the Tianhong Vietnamese Market Stock Fund A with a scale of nearly 2.9 billion yuan, as of the end of the third quarter, the fund has been recorded in the past three months, the past six months, the past year, and the past three years.The rates are 0.01%, 10.59%, 8.32%, 38.83%, and 36.86%, respectively.As of the end of the third quarter of this year, the fund invested by the fund was 4.834 billion yuan, accounting for 90.01%of the total assets of the fund, of which the key positions of the financial and real estate targets were held.
Realize net purchase in the third quarter
Extending from A -share investment to the global capital market is an important trend in the development of Indian public fund in recent years.On the company's operating carrier, there are fund subsidiaries that are continuously established and continuously expanded, such as Hong Kong subsidiaries and Singapore subsidiaries.However, no matter what kind of operating carrier, it must be implemented on fund investment products in the end.Therefore, in this sense, the three funds mentioned above are representative cases of domestic public offering investment in emerging growth economies in recent years.
Indian reporters sorted out and found that all three products were managed by the senior fund managers in their place.For example, Manilia's Indian opportunity stock fund is managed by the assistant teacher of the International Business Department of the Manoly Fund. At the same time, Chen Zhizhou, the chief investment director of the Investment Department of Asia (except Japan), is hired as an overseas investment consultant.Liu Weilin, the fund manager of the ICBC Creditsee India Market Fund (LOF), is currently the Deputy Director of the Investment of the ICBC Credit Suisse Fund Index and the Investment Department of the Quantitative Investment Department.Hu Chao, the fund manager of Tianhong Vietnam Market Stock Fund (QDII), is a veteran who has 10 years of experience. He has had relevant resumes such as the overseas investment business director of India People's Property Co., Ltd. and the ICBC Creditsee Fund International Business Researcher.Varanasi Wealth Management
The reporter also found that due to long -term sustainable investment performance, three funds have obtained a net purchase in the third quarter.For example, the total purchase and total redemption shares of the Walm Opportunity Fund in the third quarter were 113 million and 50.3736 million, respectively, and the total share of more than 50 million net purchases increased from 82.5255 million copies to 145 million yuan.The total purchase of the ICBC Credit Suisse India Market Fund (LOF) was 512 million copies, which excluded nearly 390 million net purchase after the total redemption of 126 million copies. The total share increased from 484 million to 870 million, the final level reached 80%.In addition, the total share of Tianhong Vietnam's Stock Fund (QDII) also increased from 3.594 billion to 3.785 billion.
The value of medium and long -term investment is outstanding
In response to the India's investment market in the third quarter, Shi Jing bluntly stated in the third quarter report of the Wells Fund in Manili India that the global market in the third quarter has recovered in the context of strong US dollars and super -expected US debt.In the background of the exchange rate damage in the quarter, positive returns are still recorded, showing strong toughness.In terms of fund operation, Shi Jing said that the fund still maintained a concentrated investment strategy of stocks in the third quarter. It has not changed the long -term sector preferences in the Indian market.Many technology sectors.
In mid -October this year, Shi Jing also pointed out that the emerging growth market in the third quarter of this year showed a trend of foreign capital outflows, but local investors in India continued to flow in.value.Due to India's economic toughness, the relative valuation has increased in the past three years, although India has risen relative positions relative to the Asia -Pacific region (except Japan), it is not absolutely high.Specifically, the large market value of the Nifty50 (one of the two major stock indexes of India) is low, still lower than the average of 2 years, and the average value of the 5 -year is the same.
In terms of Vietnamese market, Hu Chao said in the third quarter report of the Tianhong Vietnam Market Stock Fund (QDII) that the Vietnamese stock market performed well in the global capital market in the third quarter, and the volume continued to amplify.Requesting, all recorded in return.However, the overall fluctuations are large, which is mainly affected by two factors: First, with the downward, the funds have gradually transferred from bank deposits to the stock market. With the overall increase in market transaction volume, the level of leverage in the entire market is also rapidly increasing.Avoiding the fluctuations of the market; the second is that as the US debt yields and the US dollar index strengthen, the Vietnamese shield is facing depreciation pressure. In the third quarter, the Vietnamese central bank has issued a short -term government bond recycling liquidity in the third quarter to maintain the stability of the Vietnamese shield and market liquidity.Tightening has led to the retracement of the market.
Looking forward to the future, Hu Chao said that the growth of 6%or more in Vietnam's economy throughout the year is more difficult, but with the loose policy, the real economy, fiscal policy will continue to make efforts, and the global external needs will be improved. It is expected that Vietnam is expected to achieve in the fourth quarter.Stable growth, thereby driving the results of the performance of listed companies from the previous month.At present, the valuation of the Vietnamese market is still low, and the value of medium and long -term investment is more prominent.The fund's industry allocation and stock selection strategy in Vietnam is the first to choose an industry that adapts to the current stage of economic development in Vietnam; the other is to choose a leading company in the industry or have a stock with a leading potential.
Article Address： https://pk8873.com/FI/83.html
Article Source：Admin88
Notice：Please indicate the source of the article in the form of a link。
