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QDII Updates
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Daffodils
Member |
09-Oct-2007 09:55
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Hi, Is there any updates on this fund? The S - stocks are not moving recently. |
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Pinnacle
Master |
05-Oct-2007 09:16
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Merill Lynch launching the ML S-Shares Index :
The objective of the ML S-shares index is to provide exposure to stocks likely to benefit from the growth in China's economy in general and the money flow into Chinese companies listed on Singapore Exchange (S-shares) in particular. We expect more QDII funds to be launched in the near future, which will further escalate interest in S-shares given their cheaper valuation compared to A-shares and HK-listed Chinese equities. Investors are also likely to prefer S-shares that are liquid and exhibit good growth. Jiashi is only the third QDII fund to be launched in China and we expect more to come. We have estimated that US$48bn mainland funds will flow to HK by end 08 (Please refer to David Cui's recent report "Fund QDII accelerating" for more details). Assuming 10% of the amount flows into S-shares, this would translate to US$5bn, or 10% of total Sshare market cap of ~US$50bn. The committee is made up of relevant ML equity analysts and ML equity derivatives strategists. The eligible universe of stocks is subsequently screened to ensure liquidity and tradability according to the following constraints: Liquidity: 3Mth & 20D average daily turnover >US$1Mn Market Cap: the full market cap must be at least US$100Mn Country of listing: Singapore Stocks are not subject to any foreign investment restrictions Following the screening exercise, stocks will be selected to ensure the following: at least 10 stocks and at most 40 stocks will be included at any time. |
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paperless
Senior |
05-Oct-2007 00:30
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90% ONWARDS solely for H-Shares!!! |
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paperless
Senior |
05-Oct-2007 00:26
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90%以上集中在港股 90% Solely for H-Shares!!! Trade with caution! |
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paperless
Senior |
04-Oct-2007 23:33
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继南方、华夏基金成功发行基金QDII产品后，嘉实和上投摩根的QDII产品也将在?十一?后发行。嘉实在上周二晚间接到了证监会的批文，其产品将定于10月9日公开募集。上投摩根则还在热切等待监管层批复，其拟任基金经理杨逸枫对《华夏时报》记者表示，现在上投把该准备的都已经做足了功课，万事俱备，只欠东风。?我也很希望上投的QDII产品能尽快跟广大投资者见面。?杨逸枫说。 两基金QDII主推亚洲风 ?这次发行QDII很有意思，首先是中资基金公司先发然后才轮到合资基金公司。其次是中资公司的QDII放眼全球，希望把全球市场中最值钱的股票都收揽其中，而合资公司的QDII则希望跟中国沾边。?一市场研究人士对记者说。 嘉实QDII名称定为嘉实海外中国股票，主要投资于港股以及在新加坡和美国等地上市的主营业务收入50%以上来自中国的上市公司。其拟任基金经理李凯对记者介绍，嘉实之所以选择设计这款QDII产品，主要是看到了海外中国股票总市值达到了2.6万亿，接近国内A股市场的总市值，并且90%以上集中在港股上。中国在海外上市的股票大都是金融、能源、电信这些蓝筹股，这些股票的海外市盈率现在仅是A股市场的一半，升值空间巨大。还有一些仅在海外上市的优秀公司如中国电信、百度、蒙牛等，通过嘉实的QDII可以让国内投资者分享到这些企业的成长果实。 上投摩根的QDII产品截至记者发稿前还没有拿到批文，因此公司管理层不能过多透露产品细节。但记者在参加上投摩根QDII推介会上了解到，上投摩根即将推出的QDII产品将投资于亚太除日本外的市场。 对于亚太市场的联动性和不成熟的特点，不少投资者担心1997年金融危机会重演。杨逸枫表示，相比起10年前，如今的亚太市场已经健康和成长了很多。根据她的研究，如今发生金融危机的概率很小。?韩国的对外贸易在近几年屡创新高，当年发生金融危机的国家在外汇体制上、进出口贸易政策上和财政体系上都有很大改变，各国都努力致力于经济和政治上的改革。这些都降低了金融危机发生因素。? 南方和华夏的基金QDII发行规模都达到了40亿美元。对于上投QDII的拟发行规模，杨逸枫称还不能完全公开，不过她指出目前基金QDII的规模对于所投向的市场容量和流动性而言是比较合适的。 相对于南方、华夏基金QDII的千元认购，嘉实和上投则把门槛抬高了很多。据了解，嘉实QDII于5000元起认购，而上投则打算把最低认购额定为10000元。 基金QDII密集发行 与9月国内新基金发行稀少形成鲜明对比的是，基金QDII开始进入了密集发行期。南方基金QDII12日首发，一日就超额完成募集。半个月后，华夏基金QDII上市，募集规模40亿美元。上周五，华夏基金公司发布公告称由于投资者首日认购踊跃，初步统计本基金募集规模超过预定，华夏基金QDII自28日起不再接受认购，提前结束发售。 业内人士预计，10月除了嘉实和上投的QDII产品发行外，海富通和华宝兴业的QDII也可能获批上市。届时，基金QDII分流国内资金的作用将会凸显出来。?监管层现在有意力推股票型QDII产品出去，对于新基金和港股直通车则放慢了速度。?一资深人士认为。而知名经济学家赵晓也在日前的华夏基金的投资者教育会上指出，现在政府一方面想尽办法回笼资金，另一方面急于通过一些投资方式把过剩资金输送到境外。而目前比较良好的载体就是QDII产品。 |
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paperless
Senior |
04-Oct-2007 23:22
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China's Harvest Fund wins approval for QDII fund; launch date set for Oct 9
BEIJING (XFN-ASIA) - Harvest Fund Management Co Ltd, a Deutsche Bank AG fund joint venture, said it has won regulatory approval to launch its first fund product under China's qualified domestic institutional investor (QDII) scheme. The product will be launched on Oct 9. The fund will mainly invest in the Hong Kong stock market and in companies listed on the Singapore and US stock exchanges that derive at least 50 pct of their core revenue from China, it said. Financial derivatives will also be an investment option. Minimum investment in the fund can be as low as 5,000 yuan, but the figure would represent a higher level than that required by China Southern Fund Management Co Ltd and China Asset Management Co Ltd (China AMC). China Southern Fund and China AMC had set minimum investment for their QDII funds at as low as 1,000 yuan. China AMC will launch its first QDII fund product tomorrow, following China Southern Fund's successful QDII fund launch earlier. China's securities regulator may put on hold approvals for fund managers to launch general equity funds in a bid to support other offerings under the QDII scheme, industry sources told XFN-Asia yesterday. China International Fund, Fortis Haitong Investment Management and Fortune SGAM Fund are preparing their QDII products but they are still awaiting approval from the securities regulator, according to sources. So far, four fund joint ventures -- Harvest Fund Management, China International Fund Management, Fortis Haitong Investment Management and Fortune SGAM Fund Management -- have been granted QDII licenses. In June, the China Securities Regulatory Commission allowed brokerages and fund management companies to use client funds to invest in overseas fixed income, stocks and financial derivatives, effective July 5. In July, Harvest Fund became the first China fund joint venture to obtain a QDII license. Harvest appointed its foreign shareholder, Deutsche Asset Management, a Deutsche Bank unit, as overseas investment adviser. The joint venture, with registered capital of 100 mln yuan, was founded in March 1999 as one of the first 10 fund management institutions authorized by the Chinese government. China Credit Trust Co Ltd holds 48 pct stake in the fund joint venture, while Li Xin Investment Co Ltd holds 32.5 pct and Deutsche Asset Management has the remaining 19.5 pct. Source : http://www.cnbc.com |
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