More Than 70% Products Are Below The Face Value Of &Nbsp; QDII Fund Is Looking For A Safe Haven.

Since the first QDII fund was launched in November 2006, in the past four years, the number of QDII funds has expanded to 45, with a total share of 96 billion. However, behind the constant expansion of the lineup, QDII's performance is not satisfactory as a result of the severe shock of overseas markets. WIND statistics show that as of September 2nd, of the 45 QDII funds, 33 had a net gross value below the face value, accounting for more than 70%. The severe test is still going on. Despite the rebound in the QDII fund last week, the European debt crisis intensified and the US economy might get bogged down. The QDII fund had to try to find a safe haven.

Involvement of "Black Swans"

While A shares are weak, QDII The fund occasionally brings small surprises to investors. Last week, the net value of standard equity funds investing in A shares fell by 3.15% on average, but the net value of 45 QDII funds rose by 2.3% on average last week, and the net value of the leaders rose even to 6.35%. However, in the long run of overseas markets, the QDII fund is not satisfactory in the medium to long term performance.

WIND statistics show that there are 28 comparable QDII funds running from the beginning of this year to September 2nd. The net value of the remaining 27 except the rich Global Bond Fund has dropped by an average of 11.7%. Among them, 19 fell by more than 10%, accounting for 70%, and the biggest decline was 17.47%. Galaxy Securities Fund Research Center statistics show that as of September 2nd, the A share standard stock fund net value decreased by 10.98% this year.

In response, a QDII fund manager believes that this year the overseas market "Black Swans" frequent incidents, the stock market is expected to lose momentum after frequent shocks, the QDII fund's operation is more difficult, resulting in its performance in the medium to long term is not ideal. He believes that with the US sovereign credit rating being downgraded and the deepening of the European debt crisis, many hidden dangers of the international financial crisis will be fully exposed. From another perspective, it may mean that the financial crisis is expected to come to an end, and investment opportunities in overseas markets may soon appear.

Avoiding high-risk markets

In the semi annual report, many QDII funds expressed their cautiously optimistic mood in the second half of the year. But under the pressure of bad profits, this cautious optimism is difficult to be reflected in the operation. Finding a safe haven has become one of the main means to deal with risks.

A QDII fund manager told China Securities newspaper reporters that from now on, the European debt crisis and the American economy still have a "black swan" incident. Therefore, in market allocation and position control, the fund will have to consider this factor, as much as possible to lock the investment in the two areas of the "black swan" event. He said that some of the emerging market countries in East Asia are relatively vulnerable to domestic demand and are relatively less affected by Europe and the US. They may become a "safe haven" for QDII fund investment.

Haitong China Overseas Fund said in its semi annual report that it is cautiously optimistic about the overseas market in the second half of this year. It will flexibly respond to changes in the economic situation and market in investment, and insist on digging deep into industries and companies that benefit from global economic growth, domestic demand pull and economic spanformation in China. Individual stock Fundamental research.