At present, there are two QDII products issued by fund companies, including Huaxia Global Select to be released today, and QDII products of Harvest, Haifutong and Shangtou Morgan to be released soon.
Two of them were established, Huaan International. The fund type is mainly investing in overseas bonds, so far the income is not high. There is also the recently established Southern Global Select, which belongs to the stock type with the highest allocation of 100%. The investment market is 48 countries, covering major mature markets and emerging markets around the world. The Huaxia Global Selection released today can invest in any market in the world. As for the future QDII, it depends on the specific prospectus to judge.
The difference between QDII fund and open-end fund
At present, domestic A-share open-end funds all agree to invest in stocks, bonds, some cash instruments and derivatives, and are not allowed to invest in other funds. Some funds are QDII investments in some emerging markets, such as Mexico, Brazil and Russia. , possibly through direct purchase of local exchange traded funds (ETFs) and some active investment funds. In other relatively familiar markets, such as the Hong Kong market, direct stock purchase is adopted.
Compared with A-share open-end funds, QDII may be a little slower in redemption time. When most A-share open-end funds are redeemed, the payment time is generally T+4, and some funds may be T+3 or T+5. However, the redemption cycle of fund QDII products may be longer. Take southern fund, which plans to design QDII products as open-end funds, as an example. The company thinks that the redemption period of QDII fund may be T+7 to T+8, and T+ 10 at the latest. This is mainly determined by QDII products in the form of local currency raising and foreign currency investment.
QDII funds also have a closed period of no more than 3 months, and the investment scope varies according to different products. For example, Harvest Overseas China mainly invests in Hong Kong stocks, and Southern Global Select can invest in financial products in 48 countries and regions. As for risks, it can be said for sure that risks are inevitable, but compared with domestic funds, whether they are big or small, I am afraid they will have to wait for a period of time before making a judgment.
You should also see the performance of Hong Kong stocks during the National Day, which fluctuated greatly. The lowest price of Hong Kong stocks was 1 cent 1 share. There is no daily limit, which means there is no daily limit. Even if it falls to 1 cent, 10 shares can be merged into 1 share. In other words, there is still room for decline, please pay attention to the risks!