These days,Overseas ETFs are discussed a lot
Several of them were bought at a high premium.
The two hottest ones, Southeast Asia Technology ETF and Nikkei ETF, have a premium rate of more than 7%, and the market is about 7% higher than the real one.
Why is there a high premium?
You can refer to this article:
Let's talk about ETF premiums and arbitrage).
There is still a big difference between a cross-border ETF and a pure A-share ETF
Because of the time difference in trading and the company's quota restrictions, every time it is hot, it will basically be bought at a high premium.
Therefore, at this time, it is not recommended that friends join in this fun
And speaking from experience,While popular varieties are bought at a high premium, there will also be many unpopular products with low or zero premiums
For small partners with little funds, it is a better choice to buy these unpopular replacement products.
Today, we will systematically sort out the premium of QDII**,Look for those high premium ** replacements**
Japan
There are 4 ETFs tracking the Nikkei 225 Index on the market, plus JPMorgan Japan Select, and a total of 5 ETFs invested in Japan in China.
Compare 4 ETFs,ChinaAMC Nomura Nikkei 225 ETF is the largest, most actively traded, and has the highest premium.
The net OTC value on December 22 was 12634, the price of ** in the market is 1305, premium 329%。
The other ones have less serious premiums, with the smallest Huaan Mitsubishi UFJ Nikkei 225 ETF having a premium of only 016%, small partners with small funds can consider this.
Of course, off-the-counter is also a good option, and there are no restrictions on J.P. Morgan Japan Selection.
Comparing the trend of several **, it is very close, Morgan Japan Select did exchange rate hedging before, and also made money from the depreciation of the yen, but this wave has also been returned. If you look at the income of the past 2 years, the income of 5 ** is around 5%.
Internet
On the Internet** side,The long-established E Fund Internet ETF has the most serious premium, with a premium rate of 278%。
The newly emerging GF Internet ETF is still discounted, and the on-site ** is 0 cheaper than the off-market**73%。
As mentioned before, the difference between these two **, E Fund Internet ETF tracks the China Internet 50 Index, and Tencent and Alibaba are the two dominant, accounting for half of the weight.
GF Internet ETF tracks the China Internet 30 Index, with a total weight of about 30% for Tencent and Alibaba, which is much more balanced.
Considering that there are many uncertainties at present, GF Internet ETF, which has a more balanced position, is actually a better choice, and the trading activity of this ** has surpassed that of E Fund Internet ETF.
Partners who hold more E Fund Internet ETF can actually consider moving some ** to GF Internet ETF.
*It's a bit nonsensical,Based on the ** calculation on December 22, the premium rate of Harvest** and E Fund** is as high as that. 65%, much higher than other oil and gas **.
Is there anything special about these two ***s?
It doesn't seem to be.
Harvest**The benchmark for performance comparison is "WTI *** yield * 100%".E Fund**The benchmark for performance comparison is the "S&P GSCI** Commodity Index", which fits the main front-month contract of WTI**, and can also be considered to track WTI***
And there isSouth**The benchmark for its performance comparison is "WTI *** yield * 60% + brent *** yield * 40%".
That is to say,These 3 *** are tracking oil prices, rising and falling and converging with international oil prices.
Therefore, if we look at the net value trend, the 3 ** are basically up and down at the same time. However, after late October this year, there was a differentiation, with the premium of Harvest** and E Fund** approaching 20%, while the premium rate of Nanfang** was only 035%。
Partners who hold Harvest** and E Fund** can actually consider changing a part of **to the south** to earn this 20% premium
Miscellaneous
Other premiums are relatively high** and these:
(1) E Fund S&P Biotechnology
This is an LOF** that tracks the S&P Biotech Select Sector. The index holds pharmaceutical start-ups with equal weights, and at present, there is only this ** tracking in China, and the over-the-counter subscription is also suspended, there is no alternative**, and the current premium rate is 745%。
(2) E Fund S&P Information Technology
This is also a LOF**, tracking "S&P 500 Information Technology". The constituent stocks are mainly large technology companies such as Apple, Microsoft, Nvidia, Oracle, AMD, etc., and the constituent stocks of Invesco Great Wall Nasdaq Technology ETF have a high degree of overlap, and the trend of the two ** is also relatively close, which can be used as a replacement.
Based on the net value on December 22, the premium rate of the Invesco Great Wall Nasdaq Technology ETF is 02%。
(3) ICBC India market
At present, there are 2 domestic tracking Indias: ICBC India Market and Manulife India.
ICBC India market, is a LOF**, the underlying asset is an ETF, the current over-the-counter suspension of subscription, the market premium of 236%。
Manulife India** is an over-the-counter**, with no on-market share, and can also be subscribed normally.
Compared with 2**, ICBC India market performed better, but most of the time the two ** rose and fell together.
(4) Southeast Asia Technology ETF
It is also the only one, and there is no replacement**.
Based on the net value on December 22, the premium rate is 128%, calculated according to today's data, the premium rate has exceeded 7%, and the market is paying more and more attention to this **.
*Disclaimer: The content of the article is for informational purposes only and does not constitute investment advice.