More than foreign giants recently disclosed the holdings of in the third quarter of its fund . data shows that many foreign institutions "also" have increased their holdings in China's new energy and consumption sectors, and have used "real money" to play more China's core assets. Mainstream foreign investment banks such as Goldman Sachs and Citibank also expressed their optimism about the medium- and long-term investment value of A shares , and increasing allocation of Chinese assets is still a major trend.
Since the beginning of this year, the international environment has undergone some unexpected changes and the global financial market is volatile. The flow of foreign capital in A-shares has not changed fundamentally.
A-share core assets are favored by foreign capital
The latest holding data released by Standard China A-share Stock Fund, a subsidiary of European asset management giant A-share Group, shows that as of the end of September, A-share Standard China A-share Stock Fund significantly increased its holdings in CATL and LONGi Green Energy, slightly increasing its holdings in Binda . Among them, CATL received the largest increase in positions, reaching 18.71%.
As of the end of September, the top ten heavily held stocks of the fund were Kweichow Moutai , China China Duty Free, Mindray Medical , Huace Test , China Merchants Bank , Midea Group , Broadband, CATL, Ningbo Bank and Longi Green Energy. The top ten heavily held stocks account for 39% of the total holdings.
Except for new energy sector , foreign institutions' interest in traditional Chinese consumption "white horses" has also remained unabated. The Europacific Growth Fund, which once became famous for its identity as the "Kweichow Moutai largest fund shareholder", once again increased its holdings in Kweichow Moutai. The latest holds 5.3169 million shares in , an increase of 129,900 shares from the end of the second quarter, an increase of 2.5% month-on-month.
BlackRock Global Funds-Systematic China A-Share Opportunities Fund, a subsidiary of BlackRock, bought Gree Electric for the first time in August this year. As of the end of September, BlackRock's shareholding in the stock reached 675.93%. In addition, the fund's holdings in Longi Green Energy and China Construction also increased by more than 20%.
Internet sector has been increased by foreign capital and has been increased by layout
The Internet sector, which has been continuously adjusted this year, has also been increased by layout by many foreign institutions.
Fidelity Funds-China Consumer Fund A-Acc-USD's latest holdings data show that as of the end of September, the fund increased its holdings of Internet stocks such as Alibaba , Meituan , etc. The fund's heavily held stocks also include Tencent , JD , etc.
The latest holding data of JPMorgan Funds - China Fund A, a subsidiary of JPMorgan Chase , shows that the fund has also increased its holdings in many Chinese Internet stocks. Specifically, Tencent’s largest holdings increased its holdings, with an increase of 8.22%. As of the end of September, the institution’s market value of its holdings in Tencent reached US$459 million. In addition, Meituan, Alibaba, Pinduoduo ADR and others all received more than 3%.
European Asia-Pacific growth fund , a subsidiary of Capital Group, has also continuously increased its holdings in Tencent. The third-quarter holding data released by the European Asia-Pacific Growth Fund shows that as of the end of September, the fund held 13.4603 million shares of Tencent shares, with a market value of US$455 million. Data at the end of June showed that the fund held 12.9033 million shares of Tencent, which means that the fund increased its holdings of Tencent by 557,000 shares in the third quarter, an increase of 4.32% month-on-month.
The medium- and long-term investment value of Chinese assets has not changed
Recently, Goldman Sachs clearly sang A-shares, saying that investors should sell S&P 500 index call options, buy call options of Hang Seng China Enterprise Index, and prepare to welcome the catch-up market of relevant Chinese assets. Goldman Sachs strategist Christian Mueller-Glissmann and others said in an October 17 report that they maintain the over-allocation rating of Chinese stocks in Asian allocations. Compared with stocks in other markets, A-shares are more favored.
Previously, Citibank strategist Robert Buckland and others also said in a report that they would raise Chinese stocks to overweight because the current valuation of Chinese stocks is relatively attractive, and China's liquidity remains abundant against the backdrop of the tightening of global monetary policy.
Anben stock team said that they are optimistic about the stock portfolios of five themes, namely high-quality consumption, digitalization, environmental protection, health care and wealth management. The stock team said that in the environmental protection theme, the development of renewable energy, batteries, electric vehicles, and related infrastructure is worth paying attention to.
