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中欧港股消费混合发起式QDII
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QDII基金“新玩家”接连入场 港股布局热情居高不下
Core Viewpoint - The Hong Kong stock market is undergoing a "value reassessment" driven by fundamental recovery and improved liquidity, leading to strong performance of Hong Kong-themed QDII funds this year [1][3]. Group 1: QDII Fund Developments - New QDII funds are rapidly entering the market, with several firms launching products focused on Hong Kong stocks, such as Western Asset Management's Hang Seng Technology Index QDII and Yongying Fund's Hang Seng Consumer Index QDII [2]. - As of June 29, 2023, 24 new QDII funds have been established this year, primarily targeting Hong Kong themes, indicating a strategic shift towards this market [2][3]. Group 2: Market Dynamics - The Hong Kong stock market has experienced two significant rallies this year, driven first by new economy sectors represented by the Hang Seng Technology Index and later by increased capital inflows amid trade uncertainties [3]. - Southbound capital inflows have reached 679.4 billion yuan this year, nearing the total for the entire year of 2024, highlighting strong investor interest [3]. Group 3: Investment Strategies - Fund managers are optimistic about the Hong Kong market, noting that despite a recovery from last year's lows, valuations remain below historical averages, presenting attractive investment opportunities [4]. - Investment strategies focus on high-quality companies with scarce advantages that can withstand economic cycles, as well as dividend assets in a low-interest-rate environment [4]. - There is a consensus among fund managers to prioritize core technology assets, particularly in light of advancements in AI, while also being cautious of market structures that may have fully priced in short-term growth [4].