Where Are The Investment Directions?

Whether from the perspective of asset allocation and the vitality of the US economy,

At the moment, it is a good time for us to invest in US dollar products.

However, the purchase of US dollar products should focus not only on exchange rate fluctuations, but also on other factors. Investors who do not possess the relevant skills do not recommend blindly follow suit, but should be referred to professional institutions.

For example, investing in QDII products requires attention to the scope of product investment.

Some QDII products directly invest in US index funds, some of which are mainly invested in the Hong Kong stock market. According to the different asset allocation needs of investors, it is necessary to distinguish the investment scope of different QDII products.

For the purchase of US dollar financial products, we need to pay attention to product subscription rate and holding cycle.

Due to the low interest rate policy implemented by the Federal Reserve, the rate of return on bank savings products will not be very high. Excessive subscription and management costs will result in little profit left to the customers.

Those who purchase overseas index funds and users of ETF products need to recognize the fact that US stocks are at historically high level, and the probability of US stocks' fluctuation will increase in the future.

The Central Bank of China announced the central parity of RMB against the US dollar at 6.7558, breaking a new low of more than 6 years, a decrease of 0.37%, the largest reduction since August 29th.

As of 21, the yuan has depreciated against the US dollar nearly 3% this year.

"This means that if we hold the US dollar from the beginning of the year to now, even if we do not make any financial plans, the returns we get will catch up with the profits of the RMB financial products offered by most banks."

A wealth manager said.

In this case, investors with a little "spare cash" on their hands are scramble for the current US dollar products, and US dollar debt assets become the star products.

This is an example of the TEDA Manulife Asian debt sold out the previous day.

Taida Hongli said that taking into account the international market exchange rate changes, the United States is currently in the interest rate cycle, investors should increase the allocation of overseas assets based on US dollars, most of which will invest in US dollar denominated bond assets, investors are acquiring bonds.

At the same time, it is expected to enjoy the potential foreign exchange earnings of holding US dollar assets and seek long-term and stable appreciation of fund assets.

On the other hand, the fund will invest the highest rating dollar denominated bonds (core positions as investment grade bonds, satellite positions as high-yield debt), covering 16 Asian regional markets such as India, Indonesia and South Korea, with the effect of natural dispersion risk. Under the current risk preference, it is a better defensive allocation tool.

They mentioned in particular that Asian bonds have obvious advantages over other overseas assets.

From an economic point of view, the economic growth rate in Asia is much higher than that in most parts of the world. The economies of India and Indonesia are still rising. From the perspective of monetary policy, many countries with high interest rates in Asia are in the interest rate reduction channel. Loose monetary policy brings continued liquidity support to the sub debt market and favorable performance of the bond market. From the risk to return ratio, the yield of Asian bonds is relatively stable and volatile. Compared with the Euramerican market bonds of the same credit rating, Asian investment grade bonds enjoy a larger credit spread.

At the same time, choice data show that in the first three quarters of this year, the average yield of QDII fund was 4.39%, nearly 90% QDII fund achieved positive returns, investors generally optimistic about the future performance of QDII fund.

"Now the QDII quota is hard to find, and at the same time, compared with 2008, the probability of financial tsunami in the international market has been greatly reduced, and the return on investment of various domestic assets has been declining.

Moreover, the exchange rate of RMB against the US dollar has changed since 2013. At that time, participation in QDII investment has three essential elements: "heaven, time, place, and people". It is an excellent choice for investors to reduce the investment market and enhance the defensive nature of assets.

Li Anjie, the fund manager of the Fund said.

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In addition, a good buy wealth suggests that investors can consider holding the US dollar high yield debt.

Compared with the investment grade debt, high-yield debt has a lower rating in the internationally renowned rating system such as S & P, but has a higher return on investment. It is an option for investors with a certain risk tolerance.

Generally speaking, the return cycle of high yield debt is longer, but the long-term holding is not only less volatile than the stock, but also the return on equity is comparable to equity assets.

At present, the high yield debt market is huge and requires professional institutions to screen.

Overseas, there are hundreds of billions of oaks in management scale.

The warm current of tens of billions of yuan is a big player in the market.

Under the background of global asset shortage, investors can strengthen their attention to high-yield debt and improve the effectiveness of portfolio.

Zhu Yu, director of financial investment, told the China Securities Journal that for high net worth people, professional institutions can provide overseas PE/VC's FOF products (fund funds), single item products, overseas hedge funds in the global market, real estate fund REITS and other US dollar properties. For ordinary investors who have no dollars in their hands, they can make overseas asset allocation through purchasing QDII products. For ordinary investors with us dollars, they can buy US dollar financial products from domestic and foreign commercial banks, but the rate of return is low.

In addition, it can buy index funds in the US market by setting up trading accounts for overseas brokerages.

"Each product has its own characteristics of earnings risk.

For example, overseas PE/VC's FOF products, in theory, the risk of PE/VC is quite high, but the growth of the target enterprise brings the investment return unconventional product comparable.

Choosing FOF requires a balance between risks and benefits, reducing the volatility of the portfolio.

Investors should choose professional wealth management institutions to participate in the allocation of overseas markets on the basis of identifying their own risk preferences.

The chief investment officer of a public offering account.

He pointed out that at present, structured products linked to the US dollar index, commodities and offshore rights and interests, as well as the structured assets of offshore asset allocation index and fund, are the key points recommended by their companies to target groups.

Among the recommended targets, the equity market mainly focuses on the India stock market, Hang Seng Index, the European Banking index, the US financial sector, the US REITs, the US medical industry index, the US technology industry index, the adversity reversal stocks and the quality innovation stock.