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Just look at the following online excerpt to find out: QDII funds that can be redeemed at any time after the closed period may become mainstream 2006.12.01 08:02 Source: China Securities News Author: Shi Chaoge Bank QDII financial management was once considered a feast

After suffering a cold reception from the market, the product started a new journey.

Authoritative sources revealed that in order to avoid repeating the embarrassment of the first batch of QDII issuance, some commercial banks are currently planning to introduce the advantages of flexible fund trading in the second phase of QDII products. Within the specified time, investors

Redemptions can be made based on net assets minus early redemption fees.

"QDII 'funding' will become mainstream." A person in charge of the financial market department of a state-owned bank told reporters that the U.S. dollar bond market has gradually emerged from the bear market that lasted for three years. This fund-type product may bring QDII

An opportunity to "make a comeback".

Fundization may become mainstream. Various signs indicate that the trend of QDII "funding" has become increasingly obvious.

The reporter learned that major joint-stock commercial banks such as ICBC, Bank of China, Bank of Communications and China Merchants Bank, as well as a few foreign banks, have "funded" QDII to varying degrees.

A person from the Financial Market Department of ICBC said in an interview with reporters that the second phase of the QDII product originally scheduled to be launched by the end of August has basically been locked into a "fund-type" product, and QDII "funding" will become more

The only choice for QDII products.

At the same time, the second phase of QDII products to be launched by Bank of China, Bank of Communications, and Bank of East Asia also reflect this design change. They all promise customers that after a certain closing period, QDII can be redeemed at any time.

"Based on the first phase of QDII products, we have designed the investment areas of the second phase of products to be more flexible." Zhao Yaoxian, director of the Treasury Department of the Global Financial Markets Department of Bank of China, admitted that the funds of the funds have formed different investments in the second batch of QDII

Structure, previously the product investment areas issued by many banks mainly included fixed-income structural bonds and related derivative options, which were closed-ended, while the second batch of QDII products mostly implemented dynamic asset allocation.

The relevant person in charge of the Bank of Communications also said that based on previous experience, investors particularly hope to have a flexible secondary trading market. To this end, the second QDII product to be launched will use more asset combinations and adjust

The starting sales amount was set and the fund sales model was introduced.

Chu Xiaolu, Vice President of Bank of East Asia Beijing Branch, is full of confidence in the bank’s second QDII product.

He said that based on the market response to the first phase of QDII products, the bank made some fine-tuning to the second phase of QDII products, that is, "designed a free open day once a month from the issuance date", completely imitating the open-end funds.

practice.

Chu Xiaolu revealed that the first phase of QDII is unlikely to have a high return on investment due to its shorter term and simpler product design, while the second phase uses a more complex asset mix and invests in three international bond funds through cooperation with JPMorgan Chase.

At the same time, a longer duration is designed to maximize returns.