Since the beginning of this year, QDII** has performed well overall. According to statistics, as of December 15, the average net value of QDII this year was 652%, of which more than half of the products have positive returns.
It is worth noting that the scale of products investing in Southeast Asian markets such as India and Vietnam has also increased significantly driven by good performance, and attracted more public offerings. Although the overall performance of QDII in Hong Kong stocks has been poor this year, many institutions still believe that with the accumulation of various favorable factors, Hong Kong stocks are expected to usher in the best next year
91 QDIIs have risen more than 20% this year
Choice data shows that as of December 15, the average net value of 432 QDIIs in the whole market has been **6 since the beginning of this year52%, of which 91 products rose by more than 20%.
As of December 18, local time, the Nasdaq index has risen by more than 40% this year. Driven by this, many U.S. stocks QDII occupy the top of the performance rankings. Specifically, GF Global Select** US dollar spot exchange rate is 62With a 65% increase, ChinaAMC Global Technology Pioneer Blend, ChinaAMC Nasdaq 100 ETF, E Fund S&P Information Technology Index, Guotai Nasdaq 100 Index and other products have also risen by more than 50% this year.
Japan's ** rally is also good, as of December 19, the Nikkei 225 index has **27 this year3%, second only to the NASDAQ index in the world's major market indexes. ChinaAMC Nomura Nikkei 225 ETF and E Fund Nikkei 225 ETF have both risen by more than 20% this yearHuaan Nikkei 225 ETF, ICBC Credit Suisse Daiwa Nikkei 225 ETF have also risen nearly 20% this year.
Specifically, as of December 15, Manulife India**, ICBC India** RMB, and Tianhong Vietnam Market A have yielded respectively this year1% and 1157%。
Investment in Southeast Asia**QDII products attract attention
In recent years, the demand for domestic investors to allocate global assets through QDII has been increasing, and their investment targets are no longer limited to Hong Kong stocks and the United States, especially in the past two years, with the continuous rise in Vietnam, India**, etc., related QDII has also ushered in a double harvest of performance and scale.
Taking Tianhong Vietnam market ** as an example, the initial offering scale of the product in 2020 was only 200 million yuan, and as of the end of the third quarter of this year, the scale of the ** has increased 25 times to 5.1 billion yuan. The latest scale of ICBC India ** is more than 1.1 billion yuan, compared with its initial offering scale has also increased significantly, and the ** recently issued an announcement to limit purchases.
On December 12, ICBC Credit Suisse** announced that from that date, it will restrict the subscription and regular fixed investment business of ICBC Credit Suisse India** RMB share investors in a single account with a total of more than 500,000 yuan in a single dayRestrictions are imposed on ICBC Credit Suisse India**US dollar share investors who can subscribe for a single or multiple transactions with a cumulative aggregate of more than US$70,000 in a single day** account.
Driven by good performance and scale growth, the public offering ** began to increase the layout of the product line in Southeast Asia. On December 1, Huatai Pinebridge Southeast Asia Technology ETF was listed and traded. According to the data, the underlying index of this ** is the SGX Pan-Southeast Asia Technology Index, and the constituents of the underlying index are registered in Southeast Asia and emerging Asian markets, including India, Singapore, Indonesia, Thailand, Vietnam and Malaysia.
The outlook for Hong Kong stocks may be more optimistic
Although the overall performance of Hong Kong stocks QDII has been poor this year, many institutions still believe that from a medium and long-term perspective, Hong Kong stocks have reached the bottom of history, and the market outlook may be more optimistic.
According to the latest research report released by Guosen**, with the increase in policy stimulus and the strong expectation of downward interest rates in major overseas economies, the fundamentals of Hong Kong stocks are already on the way to recovery, and the Hang Seng Index is expected to run between 16,000 and 23,000 points in 2024.
Ping An ** said that in 2023, the Hong Kong market will be affected by the Federal Reserve's monetary policy and changes in internal and external economic expectations, and the Hang Seng Technology Index will perform better than the Hang Seng Index in the second half of the year as the Fed's interest rate hike comes to an end. Looking forward to 2024, Ping An ** believes that the benchmark assumptions of the domestic and foreign environment are expected to improve, and the Hong Kong ** market is expected to usher in better investment opportunities.
China Merchants ** believes that the valuation of the Hong Kong stock technology sector has been low, and the factors suppressing the sector will gradually ease over time, and it may be a good time to allocate at present.
Original**: Shanghai **Daily.