【独家】万亿资管巨头重磅发声

Core Viewpoint - DWS, a major German asset management firm, plans to launch an ETF tracking the CSI A500 index in Europe in October, aiming to provide global investors with new opportunities to invest in Chinese assets. The CEO believes that the current rebound in the Chinese market is sustainable and that international investors will soon realize their underexposure to China [2][9]. Group 1: DWS's Strategy and Market Position - DWS manages approximately €1,010 billion in assets and holds a 30% stake in Harvest Fund Management, indicating its significant presence in the asset management industry [4]. - DWS aims to be among the top five asset management companies in the world's largest economies, having already achieved this in Germany and the U.S. [6]. - The firm is focused on expanding its market share in Europe, particularly through innovative ETF solutions that cater to both broad market and thematic investments [7]. Group 2: Investment Opportunities in China - The upcoming ETF will be the first in Europe to track the CSI A500 index, reflecting a growing demand from global investors for exposure to the Chinese market [9]. - DWS recognizes the need for international investors to access not only successful companies but also opportunities in emerging sectors of the Chinese economy [9]. - The CEO notes that international investors currently have a limited understanding of the A-share market, which hinders their investment decisions [10]. Group 3: Market Outlook and Trends - The rebound in the Chinese stock market is seen as just the beginning, with expectations that global investors will increasingly recognize the attractiveness of Chinese equities over the next six months [11]. - DWS believes that the valuation of the Chinese market is appealing compared to other global markets, predicting that it will outperform over the next two to three years [11]. - The firm is committed to educating international investors about the Chinese market to address their underexposure [12][13]. Group 4: DWS's Role in Global Investment - DWS aims to serve as a "gateway" for Chinese institutional investors looking to diversify their overseas investments, particularly in European markets [14]. - The firm is also focused on facilitating global investors' access to Chinese markets, addressing the needs of large Chinese institutions seeking to diversify their portfolios [14]. - There is a growing interest among Chinese insurance companies to invest in euro-denominated assets, indicating a shift in investment strategies [14].