FOF资产配置

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公募基础设施REITs投资观点更新-20250808
Caixin Securities· 2025-08-08 04:07
Group 1 - The report highlights that as of August 4, 2025, there are 73 public infrastructure REITs established in the market, with a total scale of approximately 178.32 billion, accounting for about 0.52% of the total public fund market [5][8]. - The leading asset types in terms of REITs scale are transportation infrastructure (32.07%), park infrastructure (18.31%), consumption infrastructure (12.69%), and warehousing logistics (12.36%) [8][10]. - The report indicates that 71 of the 73 established REITs are already listed for trading, with two data center REITs set to be listed on August 8, 2025 [5][8]. Group 2 - The report notes that public REITs have become a choice for FOF asset allocation, with an increase in the degree of allocation observed [5][16]. - Key REITs with increased allocation in the second quarter include Zhongjin Yinli Consumption REIT, Jiashi Wumei Consumption REIT, Zhongjin Anhui Traffic Control REIT, Zhongxin Jian Investment National Electric Power New Energy REIT, and Jiashi JD Warehousing Infrastructure REIT [5][16]. Group 3 - The report provides insights into various underlying asset types for REITs, including industrial parks, warehousing logistics, transportation infrastructure, energy infrastructure, consumption infrastructure, rental housing, new infrastructure, and municipal water conservancy [13][14]. - Specific investment preferences for industrial parks include long lease terms and fewer tenants, while for warehousing logistics, high demand elasticity and location advantages are emphasized [17][18]. - The report identifies key REITs for each asset type, such as Guotai Junan Dongjiu New Economy REIT for industrial parks and Huaxia Shen International REIT for warehousing logistics, highlighting their competitive advantages and stable rental situations [17][18][19].