QDII Or Thanks To The Internationalization Of RMB.

Since its inception, QDII business has gone through a period of rapid development and difficult development. The whole industry is not satisfactory in terms of asset class diversification, diversification of investment scope and scale of asset management.

Compared with the main types of investment in the domestic market, such as A share investment funds, QDII funds are mainly investment tools to realize the systemic risk of diversifying investment in single market and exchange rate risk.

With the acceleration of the internationalization of RMB, as a complement to the traditional investment in China, the market demand for QDII funds will exist for a long time.

QDII can be described as a long way to go. In the eyes of many fund investors, QDII is probably the most unpopular fund type.

Recently, however, there are signs that QDII, which has been out of date, is ushering in new opportunities for development. This kind of breed that many investors are not optimistic about is likely to become full of vitality.

In the current public offering funds, products that have never recovered their initial net value in the past 8 years are almost all QDII funds.

QDII is like a baby who has suffered famine after birth.

To date, there is no such thing as restoring funds like other public offerings.

In 2007, the first public fund was born, followed by the subprime mortgage crisis like the tsunami and the continuous appreciation of the renminbi.

Shortly after its birth, it encountered "Davies double kill", which made the vast majority of QDII funds born this year not return to the initial net value after 8 years.

It is for this reason that QDII has almost become a public offering fund that is most unpopular with investors.

In the near future, following the new global structure of TEDA Manulife, the QDII fund will be reproduced on the fund market.

According to the announcement of Huabao Xingye fund, the holders' meeting will be held on September 22nd to vote on the relevant motion to terminate the mature market momentum of the Huabao Xingye Industry and optimize the contract of the securities investment fund, or become the second active liquidation.

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Behind the massive allocation of QDII products by institutional investors is a surge in demand for fixed income products priced in US dollars or Hong Kong dollars.

Among them, the bonds issued by domestic state-owned commercial banks and large real estate companies are the most overseas.

Take bank management funds as an example, because they can not buy and sell stocks themselves, such funds may interest Hongkong listed high-yield bonds, including high-yield debt issued by China's real estate enterprises in Hongkong, and four preferred shares issued by Hongkong's state-owned banks.

Some agencies suggest that at present

The way of overseas market mainly comes from purchasing overseas currency and overseas assets.

However, the amount of exchange swap should not exceed 50 thousand yuan per person per year.

Therefore, personal direct investment abroad is limited.

Comparatively speaking, it is more convenient to invest overseas through the existing domestic financial products.

At present, domestic capital investment

The most common way is QDII.

In QDII products, the number of REITs products is the most stable, so QDII-REITs products are recommended.

Warburg securities clearly points out that it is a relatively good time to invest in the QDII-REITs market. The main reasons lie in: first, REITs is a class of fixed income products that can avoid fluctuations in equity market; second, the US dollar enters the appreciation cycle, and the purchase of QDII-REITs products is equivalent to the purchase of US dollar assets in order to achieve asset hedging.