2025年共计10只QDII基金下跌超过10%，其中易方达基金管理有限公司旗下4只QDII基金领跌，分 别为易方达原油(QDII-LOF-FOF)C(人民币份额)、易方达原油(QDII-LOF-FOF)A(人民币份额)、易方达 原油(QDII-LOF-FOF)C(美元现汇份额)、易方达原油(QDII-LOF-FOF)A(美元现汇份额)，跌幅分别 13.59%、13.55%、11.71%、11.64%。 上述4只QDII基金目前由基金经理殷春涛管理。殷春涛2024年6月起在易方达基金管理有限公司任 职。2024年11月13日起担任易方达黄金主题证券投资基金(LOF)基金经理。2024年11月13日担任易方达 原油证券投资基金(QDII)基金经理。2024年11月13日担任易方达全球配置混合型证券投资基金(QDII)的 基金经理助理。 中国经济网北京1月9日讯 据同花顺数据显示，2025年，全市场650只（各类份额分开计算，下同） 有可比业绩的QDII基金中，仅有31只基金净值下跌。 | 排序 | 名称 | ×间复 权单位 | 累计 | 基金规 | | --- | --- | --- | --- | --- | ...

Core Insights - The recent surge in cross-border ETFs, particularly Brazilian ETFs, has attracted significant investor interest, with two ETFs being fully subscribed within a day, raising a total of approximately 5.137 billion yuan [1][3]. Group 1: Market Performance - The Brazilian IBOVESPA index has shown a 10-year annualized return exceeding 12%, comparable to the S&P 500, and has increased by 24.98% year-to-date [5]. - The total scale of cross-border ETFs has approached 900 billion yuan, with a rapid growth from approximately 565.5 billion yuan at the end of Q2 to about 884 billion yuan at the end of Q3 this year [3]. Group 2: Investment Trends - The popularity of Brazilian ETFs is part of a broader trend, with previous ETFs like the Southern Fund's Saudi Arabia ETF also experiencing significant subscription success [3]. - Investors are increasingly looking to global markets for opportunities, as evidenced by the strong performance of the Brazilian stock market compared to the Chinese market over the past decade [7]. Group 3: Economic Factors - Brazil's high interest rates, currently at 15%, are among the highest globally, attracting foreign investment despite potential economic growth constraints [10][12]. - The Brazilian ETF market is projected to see a cumulative net inflow of approximately 6.25 billion reais (about 1.167 billion USD) by 2025, with fixed income ETFs contributing significantly to this inflow [9].

Core Insights - The article discusses the growing interest in cross-border ETF investments, particularly focusing on the recent submissions of Brazilian ETFs by Huaxia Fund and E Fund, highlighting the diversification of investment opportunities in overseas markets [1][8]. Group 1: Cross-Border ETF Landscape - The current trend in cross-border ETF investments shows a diverse range of options, with significant attention on the Saudi ETF and the French CAC40 ETF [1]. - The recent submissions of Brazilian ETFs indicate a new addition to the cross-border ETF family, enhancing the investment landscape for Chinese investors [1]. Group 2: Brazilian Market Insights - The Ibovespa index is a key indicator of the Brazilian economy, characterized by its resource-oriented nature, with major components including Vale and Petrobras, linking its performance closely to international commodity prices and Chinese economic demand [1][2]. - Brazil's stock market is heavily weighted towards the commodities sector, followed by a significant representation of the financial sector, reflecting its status as an emerging market [2]. Group 3: Performance and Valuation - The Ibovespa index has shown a 12% annualized return over the past decade, with a year-to-date return of 21.6% as of September, outperforming the Chinese stock market [5]. - The valuation of the Ibovespa index remains relatively low compared to other emerging markets, making it an attractive option for global asset allocation [5]. Group 4: ETF Market Dynamics - In the last three months, cross-border ETFs have seen a net inflow of nearly 200 billion, making them one of the most popular ETF categories, second only to bond ETFs [8]. - The overall ETF market has experienced a net inflow of approximately 428.4 billion, with significant contributions from various ETF categories, including cross-border ETFs [9]. Group 5: Future Outlook - The expansion of cross-border ETF connectivity is expected to enhance the accessibility of global capital markets for domestic investors, providing a convenient investment channel [8]. - The shift towards diversified asset allocation, including commodities and foreign exchange, is anticipated to play a crucial role in wealth management strategies moving forward [10].

Group 1 - The Saudi Arabian stock market experienced a significant rebound on September 24, with major indices rising by 4.42%, and several heavyweight stocks increasing by over 9% [1] - The primary driver of this rally is the upcoming relaxation of foreign ownership restrictions in local companies by the Saudi Capital Market Authority (CMA), which is considering raising the foreign ownership limit from the current 49% [1] - The CMA is expected to approve a major amendment by the end of the year, which will greatly facilitate foreign capital inflow, particularly benefiting companies with a significant presence in the MSCI index [1] Group 2 - Year-to-date, the Saudi stock market has underperformed, with major indices down 9.6%, making it the worst-performing market in the Gulf region, in stark contrast to the MSCI Emerging Markets Index, which has risen by 25% during the same period [2] - Analysts suggest that if the CMA allows foreign ownership to exceed 50%, it could significantly enhance the relative weight of Saudi stocks in global capital markets, attracting more international investors and driving market recovery and growth [2] - The CMA's initiative is expected to improve the investment environment in Saudi Arabia and potentially reshape the investment landscape in the Gulf region amid current global financial market volatility [2]

Group 1 - The Saudi stock market index has risen by 4.42%, with several major stocks increasing by over 9% [1] - Two Saudi ETFs, the Southern Fund Southern Dongying Saudi ETF (159329.SZ) and Huatai-PB Southern Dongying Saudi ETF (520830.SH), have seen gains exceeding 6% [1] Group 2 - The Saudi Capital Market Authority (CMA) is considering allowing foreign investors to own a majority stake in local companies, with a proposed amendment to increase the foreign ownership limit from 49% [3] - CMA board member Abdulaziz Abdulmohsen bin Hassan indicated that the regulatory body is nearly ready for this step, pending approval from relevant government entities, with expectations for the decision to take effect by the end of the year [3] - Allowing foreign ownership above 50% could increase the weight of Saudi stocks in the MSCI index, potentially attracting significant capital inflow, as companies with foreign ownership restrictions have lower index weights [3] - The main Saudi stock index has declined by 9.6% this year, making it the worst performer in the region, while the MSCI Emerging Markets benchmark index has risen by 25% in USD terms [3]