Hyderabad Investment：Nuggets Global Capital Market QDII Fund's performance is dazzling

Since the beginning of 2024, the climax of the global capital market has also attracted many investors to participate.Many investors began to invest in overseas investment, which not only expanded investment opportunities, but also effectively dispersed risks and improved the overall return of investment portfolios.

"Indian Business News" reporter noticed that the QDII fund investing in overseas also ran a good income this year.Whether it is investing in U.S. stocks or QDII funds investing in the Southeast Asian stock market, it has brought surprises to investors.

According to Wind data, as of July 31, the average income of 628 QDII funds in the entire market was 3.2%of the year; the average income of 79 QDII funds of 79 investment markets was 10.67%, and the highest income was 23.41%.More than 10%; the QDII yield of the two invested in Vietnam's stock market is about 6%.

Yang Lingling, the fund manager of Tianhong Fund International Business Department, said that global investment can not only effectively disperse a single market risk, but also increase the return potential of the overall investment portfolio.On the one hand, the A -share market is related to the low trend of market trends such as the United States, Japan,The return on investment takes the S & P 500 index as an example. The index has an annualized return rate of over 10%in the past 15 years, and the volatility is low, showing a higher Sharp ratio.

US stock rebate release risk

From a global perspective, many economies are still in strong growth, bringing more opportunities to investors.Taking U.S. stocks as an example, the theme funds and QDII funds that track the S & P 500 related index have achieved good results during the year.

According to Wind data, as of July 31, 62 QDII funds that tracked the S & P related index in the market were 8.79%of the year, of which the average income of the 28 funds that followed the S & P 500 index was 11.64%.

Judging from the type of company covered by the index, the index is composed of high -tech, Internet and biotechnology companies listed on the Nasdaq Exchange.The Nasdaq index is considered a representative of technology stocks and has high growth and innovation.The S & P 500 index covers 500 large companies listed on the New York Exchange and the Nasdaq Exchange, covering most of the economic departments in the US stock market, including industry, finance, energy, technology, consumer goods, etc.Relatively speaking, "the S & P 500 index can better reflect the overall performance of the US stock market." Said Bi Mengxuan, a researcher at Ge Shangshang.

Specifically at the Nasdaq index and the S & P 500 index, how should investors choose?Wan Qiong, deputy director and fund manager of the Boshi Fund Index and Quantitative Investment Department, pointed out that when choosing an index, investors should consider their investment goals, risk preferences and market expectations.If investors are more optimistic about the development of the technology industry, they may choose investment products related to the Nasdaq 100 Index; if they are more preferred to the overall US economy, they may choose investment products related to the S & P 500 Index.Of course, investors can also make decentralized investment between the two indexes according to the needs of personal preferences and asset allocation.Hyderabad Investment

Bi Mengyi said that in the second quarter of 2024, the US GDP data exceeded expectations, providing a solid economic foundation for the stock market.Secondly, U.S. inflation has also entered the range of shock decline, and the relative eased inflation will help the Fed reduce interest rates within the year.In addition, due to the limited space for valuation, a major factor in restricting US stocks has gradually dissipated.

The reporter noticed that U.S. stocks, which had been rising strong before, had just passed a turn.From July 11th to July 31st, the Nasdaq index fell 8.04%, and most large technology stocks fell deep.As of July 30 local time, (NVDA.O), (ASML.O), and (TSM.N) monthly declines were 16.04%, 15.73%, and 11.09%, respectively.

Bi Mengxuan believes that the recent callback of U.S. stocks is more due to the increase in macro variables and the slowdown of leading stock growth, which is a risk release of U.S. stocks.Recently, a series of emergencies have also exacerbated the adjustment of science and technology stocks. For example, former US President Trump's assassination incident; the United States' chip trade restrictions on India; affected by the "blue screen" incidentEssence"However, from the perspective of industry performance and profit, it will not lead to the same mistakes of US stocks to repeat the" Internet bubble "in 2000." Bi Mengxuan analyzed.

Wan Qiong pointed out that on July 24, the financial report released by the two major technology giants with Google was less than expected. The smart business income in the financial report on July 31 was lower than expected, which also caused investors to worry about the continuous profit of AI.In addition, some economic data show that US economic growth has slowed down, and the slowdown of economic data has also increased the market's expectations of the Fed in September.The manufacturing data of the S & P PMI (Purchasing Manager Index) released on July 24 fell below the Rongku Line.

Southeast Asian emerging market rises

The Federal Reserve ’s expectations and weakening of the US dollar have enhanced the attractiveness of emerging markets to investors.At the same time, the supply chain quickly transferred to Southeast Asia, and the tourism recovery provided a better prospect for corporate profits.Pauline NG, the investment portistor manager of the asset management company, said in an interview with the media: "Overall, the valuation of the Southeast Asian Alliance (assets) looks more attractive than long -term. In additionThe stock market may provide investors with convincing opportunities. "

The reporter noticed that the current QDII fund theme name has become more and more, and the number of QDII investments in the Southeast Asian market has become increasing.In fact, as early as 2018-2019, the QDII Fund, which invested in the Indian market, has successively appeared, including Manuri India, ICBC India Market Fund (RMB), and ICBC India Market Fund (USD).In 2020, the Tianhong Vietnamese market fund, which invests in the Vietnamese market, was born. This is the only public offering QDII that has invested in the Vietnamese market so far.

"If you consider investing in Vietnam from now on, the opportunity has not passed away." Peter Redhead, the head of the investment research of Ho Chi Minh Securities in Vietnam, said at the mid -year strategy meeting of Tianhong Fund's overseas investment year that the most engraved Economic economy has not yet arrived.

Regarding Vietnam's achievements in economic diversification, Peter Redhead pointed out that in the past ten years, Vietnam has gradually shifted from a economy -based economy to automotive, electronic products and more high value -added industries.At present, Vietnam's economic growth rate is about 7%per year, and its long -term goal is to become a high -income economy by 2045.

In addition, Vietnam also has certain advantages in the process of urbanization and population structure.Peter Redhead pointed out that Vietnam has a large number of young and high population, and is still largely in the starting stage of urbanization.This provides great potential for Vietnam.Urbanization and population advantages are one of the key factors for the success of emerging markets.Vietnam has obvious advantages in this regard.Hyderabad Wealth Management

Peter Redhead also mentioned the progress of Vietnam in infrastructure construction.He pointed out that in recent years, Vietnam has just completed a North -South Expressway, connecting Hanoi and Ho Chi Minh City, and basically connects the entire country with a highway.In addition, Vietnam has just formulated the first high -speed railway line.These infrastructure projects not only help promote economic growth, but also provide support when trade declines.

Compared with other emerging markets, Vietnam also has financial advantages.Peter Redhead analyzed that Vietnam's government debt to GDP was relatively low, which provided a lot of financial space for the government."The government is capable of investing in infrastructure without affecting the economy. This is an important advantage of Vietnam's phase on other emerging markets." Peter Redhead said.

Global market volatility may increase

Cathay Fund is cautious about the performance of US stocks in the third quarter.Mainly because of US debt interest rates, US inflation may have pressure on rebound, and US debt interest rates will be high.This is suppressed for technology stocks, especially technology stocks that are very sensitive to valuation.But even so, U.S. stocks have proven to have proved to be a long -bull asset in the past ten years.There are many solid fundamental support behind this, including systems, talents, global liquidity, etc.Even if the short -term transaction is too crowded, but in the long run, U.S. stocks are still one of the best assets in the world.

Specific investment strategies, Cathay Fund suggested that investors maintain position configuration, but if the position is already high, you can control it and do a good job of hedging and protection of volatility.Jaipur Stock

For the Indian stock market, the manager of the Manuro India QDII Fund, Shi Jing, said that in 2024, the Global Economic GDP may continue to be in the speed reduction cycle.OK, and the risk of the market comes from the optimistic pricing of the rhythm of interest rate cuts.At the same time, due to the differences between overseas AI innovation and different economies, global risk assets are differentiated.At the same time, in 2024, international public opinion is called "Super Election Year", and geopolitics also has uncertainty.On the whole, the volatility of the global market may increase significantly.

In comparison, Shi Jing believes that although India's economic growth rate has slowed compared to 2023, it is still expected to maintain a higher level of growth than the global economy.In July IMF (International Monetary Fund) "World Economic Outlook", continued to increase the growth rate of India's GDP in 2024, raised from 6.5%to 7%, while maintaining its 6.5%growth rate in 2025, and the same is unchanged, and right, right, right, right, and right, right, and right, right, and right, right, and right, right, and right, right, and right, right, and right, right, and right, they are right, and they are right.During the same period, the average growth rates of developed countries and the development of the Indian family are expected to be 1.7%and 4.3%, respectively.

It is worth noting that the Vietnamese stock market has performed well in the past few years, but Peter Redhead believes that the Vietnamese stock market still has huge growth potential.He believes that the Vietnamese market is currently undervalued, and he is expected to achieve a strong growth in the next few years.In 2024, the ROE (share capital return rate) of listed companies in Vietnam is very strong. He expects that ROE will continue to perform well in 2025.

Peter Redhead also pointed out that despite some challenges, such as car sales, Vietnam's economy is generally operating well.The number of domestic consumption and tourists has returned to the level before the epidemic.The government's policy on corporate bonds also helps stabilize the market.

Wan Qiong reminded that in the process of investment, investors need to pay attention to preventing risks.The first is the risk of exchange rate fluctuations.Investors invest in overseas assets, not only the fluctuation of the target assets, but also affected by the exchange rate.

The second is the risk of geopolitics. The political environment of different countries may be different. Conflicts in some regions are constantly. Investment in overseas assets need to be alert to possible risks."In the end, investors should clearly understand the risk income characteristics of the investment market and clarify asset risk attributes." Wan Qiong emphasized.

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