Share the ups and downs of public funds to accelerate heading overseas

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The domestic stock market ups and downs, devaluation of the Renminbi to enter channel as well as the United States interest rate expectations rise, once again carries the stigma of QDII fund investors in the Mainland.

Offering more than more than 100 existing QDII products in the industry to the theme of investment, indices and bonds products. Among them, the theme of investment to invest in Hong Kong stocks and stocks of the two capital markets, from the angle of exchange rate hedging, configure both types of QDII can achieve the effect of hedging currency. QDII's strong performance this year, since 2007, also diluted the negative impressions of QDII investors, or QDII funds will have a certain amount of "expanding tide".

It is learnt that the tianhong Fund, Cathay Pacific Fund, Fortis haitong funds, many fund companies say will accelerate the layout of QDII products.

Fortis haitong said Chen Yiping, Fund Manager, and the dollar relatively strong, yields considerable $ context, Fortis haitong issued QDII Fund intends to bond funds, mainly invested in dollar bonds issued by Chinese companies in overseas, key layout in 2-3-year period, credit risk control and high income bond products. Share the ups and downs of public funds to accelerate heading overseas

United States interest rate expectations heat up fund companies also will cast more eyes on this piece of the market. "The United States inflation is relatively low, which could make the Federal Reserve postpone raising interest rates for the time being, but on the whole, four-quarter United States the probability of higher interest rates is very high. "Tai Hui, Chief market strategist for JPMorgan Asset Management Asia interface reporters.

"Rising interest rates is good news for stocks, opposite bond prices will fall, especially low income, low interest rates, bond total return is negative. From this point of view, in United States interest rates rise in the process, investors overseas shares this proportion could increase in the configuration. "Tai Hui said.

Configure the United States stock market QDII in order to benefit from United States real estate recovery Cathay United States real estate development stock (QDII) most eye-catching performance. As of September 9, net growth rate so far this year the Fund is 13.53%, 19.01% net growth rate over the past year, ranking first of all market QDII Fund.

The Fund Manager Wu Xiangjun believes that United States housing recovery in the housing market is bottoming out early. "The United States residential real estate market is a purely domestic market, demand has been stable for a long time in history. Beginning in 2007 the long bear market means real estate market supply is much lower than the historical average, lack of supply in this period of time need to be supplemented a long bull market back. "

Rich Chinese middle and small plates (100061) is configured in the Hong Kong stock market QDII is more prominent. As of September 9, the Fund in a NET 1.73 Yuan in comparable funds in the forefront of the industry. The Fund Manager Zhang believes that short-term operational policy will be conservative, long-term Outlook for high-growth industries such as environmental protection and medicine.

QDII products "forgiving" reason, "timing", two on the exchange rate. "The first batch of QDII limits in overseas market highs in the market, stock directly affected people abroad for QDII products feel; in addition, since 2008, appreciation of the Yuan in the long cycle, yields on foreign products cannot be compared with domestic products. Now is the other way around. "Chen Yiping reporters on the interface.

Despite the right opportunities, expansion of QDII products but now faces a new challenge. With mutual recognition of funds, foreign products will compete directly with the QDII, the former has the advantage of low rates and experienced investment, mainland products to potential overseas sales dilemma.

Insiders pointed out that "mutual recognition of funds on impact of QDII business by fund companies is inevitable overseas have invested heavily in United States and the performance of emerging markets funds, and fund overseas research capacity in less than, in addition, the overall rates lower levels of Fund products in developed countries. "

It is learnt that at present mainland and Hong Kong has mutual recognition of product over more than 10 funds formally submitted applications for registration, and investors soon will mark one of the first mutual fund product, Huaxia Fund, the ICBC Fund, investment fund companies are scrambling to add applications such as Morgan on teams.