From the perspective of portfolio investment, the role of QDII funds in portfolio is to obtain higher relative returns by investing in differentiated markets.

Investing overseas to share the feast.

China is only a part of the global market. While A-shares are rising, there are still many countries and regions with better returns on capital market investment than domestic ones. Invest overseas, seek investment opportunities in the global market and enjoy economic growth in various regions of the world. Generally speaking, where there are good investment opportunities in the global market, QDII funds will be invested.

Configure global risk aversion

A shares have experienced a sharp rise for two years, and the index has exceeded the high point of 5000 points. The index has fallen sharply this year, and it has fallen below 2300 points. Overheating expectations and high overall market valuation may put pressure on A-shares to continue to rise and increase the risk of market fluctuation. Therefore, proper allocation of existing assets and participation in international investment can, on the one hand, avoid the risk of a single market, and at the same time, have the opportunity to obtain a good return on investment.

Invest in multiple markets to avoid exchange rate risk

Among the countries where QDII funds can invest, many currencies appreciate more than RMB. We use the basket combination of these markets to simulate the calculation. Even if the price of the investment products we buy does not rise or fall for three years, only currency appreciation can bring more than 12% of the income, which is much higher than RMB appreciation.

2. Investment objectives of 2.QDII funds:

QDII Fund Name Investment Object

Southern Global Global Stocks and Funds

Huaxia Global Global Stock

Harvest overseas China concept stock ticket

Asia Pacific Advantage Asia Pacific Stock

ICBC Global China Concept Tickets

Huabao Xingye Overseas China Concept Ticket

Yin Hua Global Global Stocks and Funds

Haifutong overseas China concept stock ticket

Compared with the end of 2007, the "China concept" investment style of QDII funds has weakened in the first quarter, which shows that the proportion of Hong Kong stocks of all QDII funds has declined to varying degrees, with the largest decline being South Global Select, whose Hong Kong stock position dropped from 32.9 1% at the end of 2007 to 2 1.6 1% at the end of the first quarter of this year.

3. Investment risks of 3.QDII funds:

Overseas investment through QDII includes general risks of securities investment (including market risk, credit risk, liquidity risk, interest rate risk and investment manager risk). ),

Also pay attention to the special risks of overseas investment, mainly including:

Exchange rate risk:

Overseas securities investment funds are denominated in RMB, but they invest in foreign currencies such as US dollars. Changes in the exchange rate of foreign currencies such as the US dollar relative to the RMB will affect the value of the RMB-denominated assets of the Fund, which will lead to potential risks of the assets of the Fund.

Investment risks in overseas markets:

Overseas investment should consider the potential risks brought by operational risks such as exchange rate changes, tax laws, policies, foreign trade, settlement and custody. In addition, the cost of overseas investment and the volatility of overseas markets may be higher than those in China, and there are certain risks.

Investment risks in emerging markets:

Compared with mature markets, emerging markets often have the characteristics of small market scale, imperfect development, imperfect system, poor market liquidity and great market volatility. The potential risks of investing in emerging markets are often higher than those in mature markets, which leads to greater volatility and potential risks of assets.

Legal risks:

Due to the laws and regulations of various countries or regions, some investment behaviors are restricted or contracts cannot be executed normally, thus facing the possibility of losses.

Control risks:

The invested country or region may take some control measures from time to time, such as capital or foreign exchange control, nationalization of companies or industries, confiscation of assets, and high taxes.

Political risk:

Changes in the political and economic situation (such as strikes, riots, wars, etc.) ) or the laws of the invested country or region will cause market fluctuations, which will directly or indirectly affect the investment income.

Investment risk of financial derivatives;

Investing in financial derivatives, including futures, forwards, swaps, options and other structured products. However, due to the leverage effect of financial derivatives, the price fluctuates violently, and when the market faces unexpected events, the investment loss may be higher than the initial investment amount.

In addition, there are other risks such as accounting risk, tax risk, securities lending risk and primary product risk.