Quant Macro Investing

Risk Taking Disciplined

QDII基金轉投內需產品

Today HKEJ (p.11)

I wonder what info we can get on QDII investment (their top stock holdings?).  How frequent would the info be available (monthly?).

摩根士丹利昨天的中國策略報告指出,九隻合格境內機構投資者(QDII)基金,已經調整了其投資重點,更多的轉向內需、保險、互聯網和媒體、能源投資等,大摩相信,此舉預示這些基金未來將有更好的增長。

九家QDII基金目前百分之六十九的資金投資在香港市場,百分之九在美國市場。今年第三季度這些基金淨資產增加了百分之十點四,高於MSCI中國和A股市場。

在增加經濟增長類股的同時,這些基金也降低了銀行/房地產和資源類產品的投資比重,這些行業更容易受退市政策影響。大摩表示,認同上述投資策略■

November 10, 2009 - Posted by | Indicator setup

2 Comments »

  1. http://www.stockstar.com/

    I don’t know how accurate this is, but it gives us some hints on what Chinese funds are investing in.

    Comment by Andy | November 11, 2009 | Reply

  2. I think these survey can provide certain hints on which sector / investment ideas are popular. If you are a “Follow the smart money” player, it is a good source of information.

    Also, as you may know which secotrs have attracted capital inflow, it also tells you that it is not a good idea to short these sectors– high risks of being squeezed when the QDII invest their funds into these sectors further.

    I agree Victorquant’s view point these info maynot be totally accurate and probably lagging behind, but still provide valuable information to investors.

    Comment by Angelo | November 11, 2009 | Reply


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