Group 1 - The report indicates that the QDII funds have outperformed other fund types with a bi-weekly increase of 3.46%, primarily benefiting from the easing of tariff policies affecting US tech and oil and gas sector theme funds [16][36][35] - The overall Chinese fund index rose by 0.92% in the past two weeks, with over 80% of funds across various categories recording positive returns, and FOF funds exceeding 90% in positive returns [16][36][35] - The report highlights that passive index funds outperformed actively managed funds, with active funds showing negative excess returns [17][36] Group 2 - The report notes a mixed performance in the bond market, with the China Convertible Bond Index rising by 1.64%, while the government bond index experienced a decline [12][36] - It suggests a favorable outlook for long-term bond investments, citing persistent weak domestic demand and potential further reductions in deposit rates to lower long-term interest rates [36][35] - The report recommends a strategic asset allocation approach, emphasizing a "core + theme" strategy for equity assets, focusing on core assets like the CSI 300 and thematic funds based on market risk preferences [36][35] Group 3 - The report identifies the top-performing funds in various categories, including the best-performing QDII funds and passive index funds, with specific funds listed showing significant returns [20][30][24] - It mentions that the new fund issuance market includes 66 funds, with a majority being passive index or enhanced index funds, indicating a trend towards passive investment strategies [32][36] - The report emphasizes the importance of adjusting gold asset allocations based on individual risk tolerance, suggesting a range of 2% to 5% for gold investments to enhance risk-adjusted returns [36][35]
开放式基金策略双周报:QDII基金平均收益相对领先债券市场表现分化-20250519
Dongguan Securities·2025-05-19 09:22