QDII funds are no different from ordinary Public Offering of Fund, but the investment scope is different, and the redemption rate and time are different.
I. Scope of investment
Overseas investment directions of QDII funds in China include Hong Kong stocks, US stocks, gold, commodities (crude oil) and real estate.
Second, the classification of funds.
Like domestic funds, QD funds are divided into active management and passive management. Active management can be divided into direct investment type and FOF type. The former directly invests in overseas stocks or bonds, while the latter invests in overseas Public Offering of Fund.
Passively managed index QD funds, such as Huabao Oil&Gas LOF Fund, mainly track the S&P Oil&Gas Upstream Stock Index (SPSIOP), most of which are oil&gas upstream companies in the US stock market.
Three. Rate and time
QD funds invest overseas, and fund management is difficult, so it is necessary to hire overseas custodian banks and overseas investment consultants, so the fund management fees and custody fees are generally higher than those of domestic investment funds.
Due to the time difference, most QD funds can only calculate the net fund value on T+ 1 and announce it on T+2, which is one day later than ordinary funds. It generally takes 8 to 10 days to redeem the fund.
Fourth, special risks.
QDII funds not only have investment risks, but also face exchange rate risks. QD fund is denominated in RMB, but the expected return of investing in foreign currency is contrary to the trend of RMB exchange rate. The expected income of RMB appreciation fund is compressed, while the expected income of RMB depreciation fund is expanded.
Ok, here is a brief introduction to QD Fund, hoping to help. Warm reminder, the fund is risky and needs to be cautious in investment.
Introduction reading:
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I'm a complete layman