I don’t claim to be a hot topic, but this series is quite interesting, and through various events in recent times, I have gained a little more understanding of QDII.

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Thanks to a certain friend for his suggestion and supervision. Unexpectedly, the one that was sorted out after the four major domestic scale indexes was QDII fund . However, the recent market prices have been ups and downs, with circuit breakers, quota suspensions, crude oil net worth issues, and net worth day vesting issues, which has really made QDII funds a little hot. I don't claim to be a hot topic about , but this series is quite interesting, and through various events in recent times, I have gained a little more understanding of QDII. If

01 and are written in front of

, according to incomplete statistics, there are a total of 293 QDII funds that can be found. To be honest, the overall number is less than expected. In the process of sorting out QDII funds,

found that the more we sorted out, the more unknown areas there were. It felt like the more we knew, the more we were ignorant. Although we have a certain understanding of some crude oil funds and Chinese dollar bonds under the current epidemic situation, we still have only scratched the surface. So, here are three hints.

The first point is that this article is destined to remain a simple summary. The purpose is that everyone can conduct targeted analysis on this basis. I will also choose topics that interest me to continue to study in depth.

The second point that needs to be emphasized is the classification mechanism. Because the article is a linear expression, will adopt a certain classification method for the logic of the article, but everyone knows that classification is not unique. For example, there will be crude oil and S&P series respectively in the future, but E Fund crude oil, which tracks the "S&P Goldman Sachs Crude Oil Commodity Index", will be placed in the crude oil series instead of the S&P series, because relatively speaking, everyone hopes to have a unified crude oil fund. understanding.

The third point is that this review still starts from the performance benchmark of the fund. Of course, the purpose is to unify the performance comparison benchmark. However, since the performance comparison benchmark involves many indexes, it cannot be ruled out that there are errors in some understandings. , or that the performance comparison benchmark does not represent the real investment direction.

Based on the above three points, this article will sort out all the funds of QDII in order to facilitate everyone to have an overall understanding and further discussion.

02, QDII funds with US dollar trading currency

are different from other funds. Because QDII funds can invest overseas, they will involve issues of trading currency. Some fund shares support RMB transactions, and some fund shares support US dollar transactions.

Taking GF Nasdaq as an example, you can find that 270042 and 006479 support RMB currency transactions, while 000055 and 006480 support USD transactions.

has a total of 93 fund shares that support U.S. dollar transactions. I believe most investors will not have access to these funds. However, QDII fund shares that generally support U.S. dollar transactions generally have corresponding share categories that support RMB transactions.

Excluding the share of US dollar transactions, there are a total of 200 QDII funds. This number is quite coincidental. The following will mainly classify the 200 QDII funds in RMB currencies.

03, CSI Series Index Fund

CSI Overseas China Internet Index selects Chinese Internet companies listed on overseas exchanges as sample stocks, and adopts free-floating market capitalization weighted calculation to reflect Chinese Internet companies listed on overseas exchanges. the overall trend.

CSI Overseas China Internet 50 Index selects 0 Chinese Internet companies listed on overseas exchanges as sample stocks. It adopts free float market capitalization weighted calculation to reflect the investment opportunities of well-known Chinese Internet companies listed on overseas exchanges.

CSI Overseas Mainland Stock Index is composed of sample stocks of CSI Hong Kong Mainland Stock Index and CSI Overseas (excluding Hong Kong) Mainland Stock Index. It belongs to the CSI Chinese Stock Index Series and aims to fully reflect global stock exchanges. The overall performance of 's Chinese concept stock is listed.

CSI Hong Kong China Small and Medium-sized Composite Index selects mainland Chinese companies from the small and medium-sized stocks listed in Hong Kong to form the index sample stocks to reflect the overall performance of the small and medium-sized mainland Chinese companies listed in Hong Kong.

04, Hang Seng and state-owned enterprise series index funds

funds with the word Hang Seng are all related to Hong Kong Stock Exchange . From the number of funds, we can find that the number of funds tracking the Hang Seng Index is the largest, followed by the Hang Seng State-owned Enterprises Index. Hang Seng State-owned Enterprise Smart Index, Hang Seng Composite Small and Medium Cap Index, and Hang Seng Composite Small Cap Index are all tracked by only one fund, and their scale is negligible. .

Hang Seng Index , compiled by Hang Seng Index Services Co., Ltd., a wholly-owned subsidiary of Hang Seng Bank in Hong Kong, is a weighted average of 33 representative listed stocks in the Hong Kong stock market as constituent stock samples, with their issuance as the weight. The stock price index is the most influential stock price index that reflects the price fluctuation trend of the Hong Kong stock market.

Hang Seng China Enterprises Index , also known as H-share index, the full name is Hang Seng China Enterprises Index. It is also compiled and published by Hong Kong Hang Seng Index Services Co., Ltd. The index uses all Chinese H-share companies listed on the Stock Exchange as constituent stocks to calculate a weighted average stock price index.

The first company to track Hang Seng China Enterprise Smart Index was Southern Fund. It has been liquidated. Now it is difficult to see the quota of Guangfa Fund. I originally wanted to study the shrewdness of the shrewdness index, but now it seems that I don’t need to understand it for the time being.

Since the Hang Seng Index only contains 33 constituent stocks, when the prices of several stocks with larger market capitalization rise or fall slightly, the Hang Seng Index will be very volatile. Hang Seng Composite Index was established on October 3, 2001 to provide a more broadly representative stock market indicator. The composite index includes the top 200 listed companies in the Hong Kong stock market by market capitalization, representing a total of 97% of the market value of companies listed on the Hong Kong Stock Exchange. HSCI (Hang Seng Composite Index) includes: HSLI (Hang Seng Composite Large Cap Index), HSMI (Hang Seng Composite Mid Cap Index) and HSSI (Hang Seng Composite Small Cap Index).

05, Germany, Japan, India, Vietnam, the United Kingdom and other regional funds

In addition to the United States and Hong Kong, there are currently not many QDIIs investing in individual countries.

German mainly tracks the German DAX index. An ETF and an ETF connection are both owned by Huaan, which just meets the preferences of different investors on and off the market.

Japan ’s QDII funds were all just established in 2019. The three ETFs tracking Nikkei 225 Index and the Southern Peak TOPIX ETF tracking Topix Index were all established on the same day. When they were first established, they caused a stir. Sensational. Now it seems that the scale is not particularly large. The largest E Fund Nikkei 225 ETF has just exceeded 100 million. There is also an over-the-counter fund that also tracks the Topix Index.

There are two funds that track India . TEDA Manulife India Opportunity Stock tracks MSCI India Index . Although there is a dedicated MSCI series below, it is placed here because it is closer to the Indian theme. ICBC Credit Suisse India RMB tracks CITIC Securities India ETP Index .

Vietnam As one of the emerging markets, the first QDII was just established by Tianhong Fund this year, tracking Vietnam VN30 Index .

The FTSE 100 Index was formerly known as the Financial Times 100 Index. It was founded on January 3, 1984. It is a stock index of the 100 largest companies listed on the London Stock Exchange . The index is a barometer of the UK economy and one of the most important stock indexes in Europe. The CCB FTSE 100 Index was established quite early, launched in 2012, and then launched Class C shares this year.

also has a Southern BRIC Index Fund, which actually tracks the FTSE BRIC 50 Index . The constituent stocks of this index are indexes that reflect the performance of the 50 companies with the highest total market capitalization among Brazilian , Indian or Russian company depository receipts, and Chinese H shares and red chips. The index is based on the FTSE Global Index, uses calculation methods such as free float adjustment and liquidity screening, and is managed according to a series of clear and transparent index rules, providing a highly liquid stock basket reflecting the BRIC countries. , is easy to buy and sell, and reflects the free float-adjusted market value of the underlying security.

Of course, other funds also invest in the BRIC countries or other regions, but they are not placed under this category for the time being. This is also one of the tips mentioned at the beginning. Looking at these funds, we can find that except for the two funds that invest in Germany, the funds that invest in other countries were established very late and are also very small in scale. It is hoped that such tool funds can be treated differently when they are liquidated.

06, Gold/Commodity/Oil/Energy and other funds

The biggest problem with this series of products is that I seem to recognize every word, but you can’t tell the difference when you put them together. It can only be said that they all belong to gold/commodity in general. /Oil/energy and other related concepts.

I believe that after everyone has experienced the sharp drop and rise in crude oil, I wonder if you have also joined in to complain about the net value of a certain fund that has followed the decline but not the rise. For me, of course I know that it is not the fund manager who is stealing, but knowing the truth I have to sigh. For most investors, the threshold for understanding such complex funds is still quite high.

Take a look at E Fund's golden themes, which are QDII, FOF, and LOF. Without any fund expertise, you will be confused by just these letters, let alone the operating logic behind them.

07, real estate/Reits related funds

Reits are important means of real estate securitization . Real estate securitization is a financial transaction process that directly converts low-liquidity, non-security real estate investments into securities assets in the capital market. Therefore, funds with real estate and REITs in their names can basically be regarded as the same type in terms of broad categories.

It can be found that currently Reits-related funds are mainly based on the US market.

08, S&P Series Index Fund

S&P Series Index is one of the most important indexes in the world. The most well-known among them is the S&P 500 Index, which is an index composed of 500 companies listed in the United States. . In fact, there is another very important but not so familiar S&P 1200 index.

Among the current QDII funds, the one that tracks the most S&P related indexes is the S&P 500. Whether it is ETF or ETF connection, the largest one is the fund of E Fund. The S&P 500 Information Technology and S&P 500 Healthcare Equal Weight Indexes are industry indexes within the S&P 500. In addition,

also has a series of industry indexes, such as the S&P U.S. Quality Consumer Stock Index, S&P Global 1200 Healthcare Index, etc. You will find that E Fund is not only included in the S&P 500, but also appears in multiple industry indexes.

The last five S&P related funds are actually related to regions. However, because there is no special section on the Hong Kong region (only the Hang Seng Index and Hang Seng State-owned Enterprises are listed), nor are the BRIC countries listed separately, they are all included in this series. There are similar situations later and I will not explain them one by one.

09, Nasdaq-related index funds

The S&P 500 Index covers all markets in the United States, such as the New York Stock Exchange and the Nasdaq Exchange. But the Nasdaq Index is only for the Nasdaq exchange.

Currently, the funds tracking the Nasdaq index are basically related to the Nasdaq 100 index. It is also one of the most purchased QDII funds by foreign investors, and there is also a fund in the Nasdaq biotechnology industry. I have done a review of the Nasdaq 100 before.Fund Novel | Nasdaq 100 index funds have been suspended one after another, what can I buy next?

10, Russell Index Related Fund

Another index that invests in the United States is the Russell US Index Series, which includes the famous large-cap index Russell 1000 and the small-cap index Russell 2000.

The Russell 1000 Index mainly tracks the 1,000 companies with the largest market capitalization in the U.S. trading market and is compiled based on the weighted average of stock prices. It contains approximately 92% of the total market value of the companies in the Russell 3000 Index, with a value of approximately 12.1 billion. Dollar. The Russell 1000 Index provides a comprehensive, unbiased measure of the large-capitalization sectors within the U.S. equity investment environment. Each year, the Russell 1000 Index is restructured to ensure that it faithfully reflects the growth of large, public companies.

Currently there is only one fund tracking the Russell 1000 Growth Index.

11, MSCI related index funds

You will find that they are all MSCI related indexes. The upper part of the table is relatively simple and clear, and the lower part is called the Morgan Stanley series. In fact, the MSCI index refers to the investment bank Morgan Stanley. A series of stock price indexes compiled covering different industries, countries and regions.

The MSCI index is the most widely used reference index in the investment community to represent the performance of the capital markets of various countries and regions. , so we can find that the above funds are actually funds from different regions, and there are no other industry themes.

12, bond fund

If I can roughly know the corresponding compilation company, investment region and industry for the above equity funds, then the bond index involved in this chart is basically confused. state. So I won’t explain too much, and I found that bonds are the most complicated one, whether domestic or foreign.

Among them, the most mentioned performance comparison benchmark is the Bloomberg Barclays Bond Index, which is one of the three major international mainstream bond indexes (the other two major indices are the JP Morgan Bond Index and the Citigroup Bond Index) and is the most important in the world. One of the fixed income reference benchmarks.

13, absolute return funds

are essentially bond funds. They are called fixed income funds because their performance comparison benchmarks do not give a specific reference bond index, but are RMB or US dollar time deposits. Income, so it is called an absolute return fund.

But in fact, I am not confused by this term. The stacking of bonds is sometimes called a ruthless one. It is estimated that friends who have purchased the above individual funds must have a deep understanding of it recently.

14, other mixed funds

and above, whether it is equity or bond, you will find that there is a single performance comparison benchmark, while the rest have more than one index as a performance comparison benchmark, and some have multiple equity Category, some have multiple bond categories, there is no specific division, they are all put in one table.

and above are all the QDII funds that can be found currently. Since this is a comprehensive list of all QDII funds, for the time being, we can only pursue quantity, not quality. recommends that you collect it and find it easily if needed. At the same time, you will find that there are more than 200 QDIIs, but because they involve different regions, different industries, and the quota limit, they can often only be positioned as a tool for asset allocation, and cannot be used like domestic funds. Select the best among the best.

Author: Brother Huo Huo

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Past valuations:

0 Major index ETF valuation data on February 5 And performance

December 20 major index ETF valuation data and performance