QDII performance differentiation in August Hong Kong stocks and energy stocks declined
Source: Morningstar Morningstar ‘s global major markets have continued to rise in demand for green hedges.
The three major US stock indexes all showed changes during the month. The S & P 500, the Nasdaq Composite, and the Nasdaq 100 closed down 3 respectively.
98% and 3.
Judging from the 苏州夜网论坛 performance of the 11 GICS industry sectors, the existence of property, utilities and daily necessities sectors rose slightly. Healthcare, communications services, and information technology sectors recorded overall declines but performed slightly better than the S & P 500 index and energyThe performance was the worst.
European stock markets fell across the board, Germany’s DAX, France’s CAC40 and FTSE 100 fell 3 respectively.
15% and 6.
In terms of emerging market stock indexes, in addition to the Shenzhen Component Index, it rose 0%.
Beyond 42%, the remaining indices have declined to varying degrees.
The KLCI fell by 2.
8%, the Indian Sensex30 index fell 0.
4%, Taiwan’s depreciation index fell by 1.
9%, the Shanghai index fell 1.
58%, the Hang Seng Index fell 7.
In August, the U.S. Treasury bond was long and the short-end yield was significantly lower. The one-year Treasury yield fell 24bp to 1.
76%; 5-year government bond yields fell by 45bp to 1.
39%; 10-year yields fell 52bp to 1.
5%; 10-year and 1-year Treasury bonds have a spread of 26bp, which is 6bp wider than last month.
Negative yield national debt has swept Europe, Germany, France, Austria, Denmark, Belgium, Europe and other countries. The 10-year government bond yields are all negative.
Under the fact that the global economic trend is uncertain, the price of gold has ushered in a wave of rising prices.
London spot gold prices closed at 1528.
$ 7 / GBP, a monthly increase of about 7.
23%, Shanghai gold spot AU99.
99 is also up 10 from last month.
International oil prices weakened again in August, and even the degree of US and Iran support oil prices to some extent, but it is difficult to further reduce the prospect of demand. Brent crude oil prices closed at 60.
43 US dollars / barrel, down 7 from last month.
QDII fund performance “ice and fire two days” The QDII fund’s 8-month performance has clearly diverged due to different investment directions. The precious metals and real estate theme funds have enjoyed considerable returns, while the performance of funds in Chongcang Hong Kong and energy stocks have fallen sharply.
Judging from the average level of returns of various types of funds, the overall performance of global equity bond and global bond funds is even better, with respective growth.
29% and 2.
24%; Greater China stocks and emerging market stock funds were the worst performers, falling 2 respectively.
63% and 2.
In terms of “Northbound” funds, except for global bonds (USD hedging), Asian bonds and Asia-Pacific equity funds as a whole, all other categories recorded negative returns in August.
In the context of the three major stock index declines, the other 19 US stock funds increased an average of 1.
The actively managed fund Castrol US Growth Stock (QDII) has a USD exchange rate and a RMB exchange rate of 3.
19% and 2.
The 43% increase led the same kind of gains, mainly due to the performance of heavy stocks Home Depot and MasterCard in August.
The remaining 17 tracking S & P 500 and Nasdaq 100 indexes and ETF-linked funds all achieved the performance of the interest rate underlying index, and 16 recorded positive returns.
For global equity funds, all 13 funds separately counted recorded positive returns in August, with an average growth of 2.
Among them, GF Global Select Stocks (QDII) has a USD exchange rate of 6.
83% month-on-month increase is among the highest in its class.
A total of 25 Greater China equity funds have turned to Hong Kong stocks due to their major investment. Due to the poor performance of Hong Kong stocks in August, they fell, with an average decline of 2.
ICBC Credit Suisse Hong Kong Small and Medium Cap Stocks (QDII) is the only fund in this category to report gains, with USD and RMB exchange rates recording 2 respectively.
32% and 1.
With a 52% rise, the heavy stocks Shunyu Optics, Follett Glass, Xinyi Optics, Xinao Energy and Tsingtao Brewery all rose more than 10% in August.
Emerging market equity funds fell an average of 1 in July.
59%, respectively, the Southern BRIC Indexes (QDII), China Merchants Trademarks BRICS Index (QDII-LOF) and Xincheng BRICS Active Allocation (QDII-FOF-LOF) fell by 3.
51% and 1.
The Asia-Pacific region does not include Japanese stock funds, which are slightly entered, divided by the average of the 7 funds that grew by 0.
Wealth of Asia Opportunity Stocks (QDII) and E Fund Asia Select Stocks (QDII) performed well, with net worth rising by 1.
43% and 1.
In terms of industry stock funds, the 48 funds except statistics showed an average increase of 0.
27%, the top ten funds are mainly invested in the real estate industry, and GF’s US real estate index QDII has a US dollar share of 6.
68% monthly gains topped the list.
Equity funds that are mainly deployed in the healthcare sector also performed, and all of them received positive returns in August.
The performance of funds with energy sector as the main investment performance ranked the bottom of the industry stock funds, with an average decline of 6.
In terms of equity-bond hybrid funds, the 38 global equity-bond hybrid funds, apart from the statistics, have grown on average.
At 29%, 20 funds received monthly returns of more than 3%.
Among them, the BOC USD Debt Bond (QDII) -USD and ICBC Global USD Bond A USD Cash (QDII) performed well, increasing by 4 respectively.
08% and 4.
The two Asian equity-bond hybrid funds included in the statistics dropped an average of 2 in August.
Among them, Morgan China Biopharmaceuticals (QDII) on the investment bank recorded a record of 12.
The 11% increase in net worth not only led the gains of its kind, but also the fund with the largest increase in August among all QDII funds.
The fund’s holdings of A shares accounted for a relatively high, more than 70%, and heavy stocks of Chinese medicine Mingkang, Antu Biological, Dashenlin, Tianyu shares and other medical biological stocks rose more than 20% in August.
The net value of 9 Greater China equity-bond hybrid funds rose by an average of 0 in August.
At 61%, Shanghai Morgan China Century Flexible Allocation Mixed RMB Exchange Rate (QDII) and Guofu Great China Select Hybrid QDII have achieved the highest gains, respectively, and each gained 3.
46% and 3.
34% monthly income.
In terms of global bond funds, the 57 funds with separate statistics have an average return of 2.
24%, nearly 90% of funds recorded positive returns.
USD bonds are the best-performing category in this type of fund. BOC USD bond bonds (QDII)-USD, ICBC Global USD bond A USD cash (QDII) and E Fund’s short-term USD bond bonds (QDII) USD A.08%, 4.
04% and 3.
99% of the monthly income ranked third.
In terms of commodity funds, benefiting from the strong upward trend of gold in August, the average increase of the net value of the four gold-themed funds was above 9%, and QDII-FOF increased by 10.
15% increase in net worth led the same.
Stuck by the continued downward trend in crude oil, the eight crude oil commodity funds continued their decline last month, and their collective losses in August fell by a maximum of 4%.
”Northbound” funds recorded an overall 0.
The 42% drop, except for global bonds (USD hedging), Asian bonds and Asia Pacific equity funds received positive returns overall, the rest of the categories closed down in August.
Among all the “Northbound” funds, the Global Bond (USD Hedge) Fund Morgan International Bond-PRC RMB Shares (Conversion) performed the best, with its net worth rising by 6 in August.
Author: Morningstar Morningstar (China) Research Center, Qu Chen Chen