Single market QDII declaration of new products concerned about Vietnam’s stock market doubled in 3 years
Source: Brokerage China Original title: Public offerings exclusively for Vietnam are here!
A single market QDII filed a new product. Note that Vietnam ‘s stock market has doubled in three years. Recently, the official website of the Securities Regulatory Commission shows that Tianhong Fund has announced to the Securities and Futures Commission that it is known as the “Tianhong Vietnamese Stock Equity Initiated Securities Investment Fund (QDII)”The product.
If the product is approved, Vietnam will become the fifth country for Chinese public fund QDII single market investment.
Judging from Vietnam’s stock market performance, it does attract funds trying to tap more investment opportunities.
Taking the index of the Vietnam Ho Chi Minh Securities Market as an example, it rose from a minimum of about 500 points in 2016 to the current 970 points, during which the highest index exceeded 1144 points.
Who broke into the QDII investment single destination “Top Five”?
Single market QDII usually points to countries with highly active economies and large scales.
As of now, the single market QDII for domestic public fund product design is only the United States, Japan, Germany, and India.
For example, the Teda Manulife India Opportunity Stock QDII Fund to which the Teda Manulife Fund belongs, the Huaxia Nomura Nikkei 225 ETF to which the Huaxia Fund belongs, and the Huaan Germany 30 Fund to which the Huaan Fund belongs.
Even France, with a population of 66 million, and Brazil, with a population of 200 million, have not been included.
In addition, QDII invests in France, the United Kingdom, Brazil, and South Korea mainly in a “covered way” of global investment, rather than specifically designing products for a single market.
Now, who will be tied with the United States, Japan, Germany, and India?
You read it right.
A brokerage Chinese reporter was informed that during the approval of fund products displayed on the website of the Securities and Futures Commission, Tianhong Fund has announced to the Securities and Futures Commission that it has joined the “Tianhong Vietnamese Stock Equity Initiated Securities Investment Fund (QDII)” product, which is a typical singleMarket QDII fund products.
If Tianhong Fund’s application for the Tianhong Vietnam Stock Equity Launched Securities Investment Fund (QDII) is successfully approved, Vietnam will become the fifth country in the world to rank China ‘s publicly-funded QDII single market product and the second of five countries.Developing countries.
In a sense, the emergence of Vietnam ‘s QDII fund means that the country ‘s position in the eyes of domestic fund managers has actually surpassed Brazil, South Africa, Argentina and even Asia ‘s highly developed South Korea, with a population close to 3 billion.Of Indonesia have not yet received the cost of such a single investment.
Information shows that Vietnam currently has a population of 95 million, of which about 24 million students have participated in the start of the new school year 2019-2020, which means that the population of the country is tending to be younger.
In addition, according to China ‘s “Economic Daily” report, as of the end of June 2019, Vietnam ‘s foreign exchange reserves reached US $ 68 billion, the highest level in history, and has doubled in the past three years.
The European Union announced on June 25 that, with the European Union’s provisional approval, a comprehensive investment agreement with Vietnam will be signed on June 30.
The agreement further stimulated China, Japan and South Korea’s investment in Vietnam.
On July 8 this year, Shandong Weida, an A-share listed company, announced that it plans to invest 1.
500 million yuan to establish a wholly-owned subsidiary in Vietnam, Shandong Weida pressurized machine tools and drill business.
On July 11, Axun Precision announced that it plans to increase its investment in Vietnam by RMB 1.7 billion. It plans to invest in and build Luxun Precision (Yi) through Vietnam ‘s wholly-owned subsidiary, Lian Tao Electronics Co., Ltd.An) Co., Ltd. At the same time, the company also plans to increase its wholly-owned subsidiary Lixun Precision (Vietnam) Co., Ltd., which is mainly engaged in automotive electronics and other businesses.
On August 10, Yongyi Co., Ltd. issued an announcement saying that in response to the country’s “Belt and Road” transformation, it plans to use its own funds and self-raised funds to about 2.
500 million yuan invested in the construction of the second phase of Vietnam’s production base to accelerate production, research and development, and market layout. The company is engaged in office and home furniture business.
On August 23, A-share listed company Longxin GM announced that it plans to invest 12 million US dollars to establish a subsidiary in Vietnam, which is engaged in motorcycle and engine business.
On August 24, Kostar announced that the company intends to
400 million yuan investment in Vietnam, including the establishment of a wholly-owned Sunstar (Vietnam) Co., Ltd. in Anyang, Haiphong, Vietnam. The company is mainly engaged in the development of UPS uninterruptible power supplies.
Vietnam is subverting the traditional tradition. Vietnamese domestic companies and listed companies are involved in different types and perform well. This may also be an important reason to attract the attention of domestic funds.
According to Forbes Asia-Pacific 200 companies released in August this year, seven companies were selected in Vietnam. As the two metropolitan areas of Vietnam are located in the north and south, the straight line distance even exceeds Beijing to Shanghai. In addition, overseas tourists continue to flowVietnam ‘s aviation industry is also developing rapidly; and Vietnam ‘s telecommunications group Viettel is developing rapidly, with a small market share in South America, Myanmar, and Cambodia.
Vietnam’s “Wanda” Vingroup Group is the largest real estate developer in Vietnam. The company established the automotive brand Vinfaset and officially launched the first batch of Vietnamese domestic SUV cars in June this year. It is worth mentioning that Vingroup started from Wanda’s business modelThe group is also the most important domestic smartphone company in Vietnam. The company’s mobile phone brand has a certain market share in Myanmar.
Vietnam 天津夜网 ‘s largest privately owned company Vingroup Group launched Vietnam ‘s first domestic car watch. Talent reserves are closely related to economic potential and investment opportunities, and are similar to some of the Indians ‘specialties in science.
According to media reports, Vietnamese mathematics is a strong point in the country and has produced Wu Baozhu, the field ‘s highest prize in the field of mathematics, and the only one among the Chinese is Qiu Chengtong, a member of the National Academy of Sciences.In the World 59th Mathematical Olympiad last year, all six students of the Vietnamese team won awards, one of them won a gold medal.
Domestic universities invite Vietnamese mathematicians to cooperate with the school. On the official website of Harbin Institute of Technology, Fields Prize winner Wu Baozhu (Ng?
o Professor Chau) visited the school last year. Academician Zhou Yu, Vice President Han Jiejie and Vice President Ren Nanqi met with Professor Wu Baozhu.
Harbin Institute of Technology official website scale-School leaders warmly welcome Professor Wu Baozhu’s visit, affirming Professor Wu Baozhu’s contribution to the field of mathematics, and Professor Wu Baozhu discussed in depth the construction and layout of Harbin Institute of Technology’s future mathematical disciplines.He cooperated and invited him to participate in the construction of mathematics disciplines of Harbin Institute of Technology, and hoped to build a world-class mathematical research base in Harbin Institute of Technology through the joint cooperation between the two sides in personnel training, scientific research, and discipline construction.
All the above information shows that it is not a traditional Vietnamese impression.
It is precisely because of these seemingly subversive messages that can explain why Vietnam will become the fifth single market country to invest in the domestic public QDII plan after the US, Japan, Germany and India.
The strong performance of the Ho Chi Minh Index has attracted overseas funds. At the same time, from the performance of Vietnam’s stock market, it has indeed attracted funds that are trying to tap more potential.
Taking the index of the Ho Chi Minh market in Vietnam as an example, it has risen from a minimum of about 500 points in 2016 to the current 970 points, during which the highest index exceeded 1144 points.
According to Bloomberg data, as of June 7, 2019, the Vietnamese stock market had a total of more than 1,500 stocks with a total market value of $ 187 billion.
Looking at the main board alone, the Ho Chi Minh Exchange’s 2018 annual report shows that as of December 31, 2018, the Ho Chi Minh Exchange had a total of 426 listed securities, including 373 stocks, 48 corporate bonds and municipal bonds, and 2 closed-end funds.1 real estate investment trust (REIT) and 2 exchange-traded funds (ETF).
It is precisely because of the strong performance of the Vietnamese stock market in recent years that overseas funds are continuing to enter the country’s securities market.
According to media reports, at the end of last year, more than 2 foreign individual investors opened accounts in Vietnam.
Among them, there are the most Americans, followed by Europeans and Koreans, and the Chinese rank fourth, with more than 3,000 people.
In this context, Tianhong Fund declared a single market QDII fund product featuring Vietnam, which reflected the attitude of the entire overseas capital towards the Vietnamese market.
It is worth mentioning that according to the report of the ranking of securities companies in China, the data shows that by the end of the second quarter of this year, the asset allocation of domestic QDII funds has been distributed to 32 countries and regions worldwide.
QDII funds’ investment in Southeast Asian markets has always maintained a long-term focus.
In the Southeast Asian market, domestic QDII fund managers mainly focus on two country allocation strategies, one is Thailand and the other is Indonesian West.
However, Tianhong Fund ‘s single-market Vietnam QDII fund was re-approved, which means that Vietnam ‘s investment scale will to a certain extent exceed Thailand, Indonesia, and Malaysia.
Data show that, as of the end of the second quarter of this year, Thailand and South Korea have entered the top ten investment destinations of domestic QDII funds, and their market capitalizations are 2 respectively.
2.9 billion yuan and 1.
83 billion yuan.
Moreover, the regional allocation ratio of Thailand and Southeast Asia in QDII also far exceeds that of many European countries. The emergence of QDII funds in Vietnam further shows the concern of QDII fund managers for the fast-growing and populous Southeast Asia.