近期，跨境ETF持续火热。10月31日，两只巴西ETF同步公开发售，仅一天就被抢购一空，万人空巷的情形再次上演。 当日，华夏布拉德斯科巴西伊博维斯帕交易型开放式指数证券投资基金（QDII）（159100）、易方达伊塔乌巴西IBOVESPA交易型开放式指数证券投资基 金（QDII）（520870），通过网上现金认购和网下现金认购两种方式公开发售。 其中华夏配售比例为11.539%，按募集限额3亿元折算后认购资金近26亿元，而易方达配售比例略高于华夏为11.823%，在相同限额下对应认购资金约25.37亿 元，因此可推算出本次首批2只巴西ETF在1日内合计吸引了51.37亿元资金抢筹，整体配售比例为11.68%。 数据来源：基金公司官网 受QDII额度限制影响，跨境ETF场外基金有时会收紧申购限额，当海外市场投资较为热门的时候，投资者若有投资需求，只能通过二级市场买入来实现，进 而推升该ETF在二级市场的交易价格，产生较高的溢价率，对此多家基金公司已陆续提示风险。 跨境ETF增长迅速 当前巴西ETF的火爆并非个例，去年7月，南方基金南方东英沙特阿拉伯ETF（59329.SZ）、 华泰柏瑞南方东英沙特ETF(520 ...

11月4日晚，易方达基金也发布公告，易方达伊塔乌巴西IBOVESPAETF（QDII）10月31日的有效现金 认购申请确认比例为11.823%。据此计算，当日也有超过25亿元资金抢购。 跨境ETF持续丰富 目前投资于境外的跨境ETF，主要包括跟踪香港市场指数的ETF，如香港恒生指数ETF、港股通50ETF 等；美股类跨境ETF，如标普500ETF、纳斯达克100ETF以及一些行业指数ETF如标普消费ETF、标普生 物ETF等；其他市场跨境ETF，如日经225指数ETF、德国DAX指数ETF、法国CAC40指数ETF等。 ● 本报记者 王宇露 近日，两只聚焦巴西市场的跨境ETF在公开发售伊始就引发资金抢购，认购规模迅速突破募集规模上 限。数据显示，华夏基金的巴西ETF比例配售确认约为11.5%，易方达基金的巴西ETF比例配售确认约 为11.8%，凸显投资者对新兴市场投资品种的热情。 近年来，跨境ETF产品线持续丰富，涵盖港股、美股、日欧及中东等多类市场，总规模已近9000亿元， 成为普通投资者参与全球配置的重要工具。不过，业内人士提示，跨境投资需关注产品溢价、流动性及 境外市场风险等，避免盲目跟风。 两只巴西E ...

● 本报记者 王宇露 近日，两只聚焦巴西市场的跨境ETF在公开发售伊始就引发资金抢购，认购规模迅速突破募集规模上 限。数据显示，华夏基金的巴西ETF比例配售确认约为11.5%，易方达基金的巴西ETF比例配售确认约 为11.8%，凸显投资者对新兴市场投资品种的热情。 近年来，跨境ETF产品线持续丰富，涵盖港股、美股、日欧及中东等多类市场，总规模已近9000亿元， 成为普通投资者参与全球配置的重要工具。不过，业内人士提示，跨境投资需关注产品溢价、流动性及 境外市场风险等，避免盲目跟风。 两只巴西ETF获资金抢购 10月31日，两只巴西ETF同步公开发售。一只为华夏布拉德斯科巴西伊博维斯帕交易型开放式指数证券 投资基金（QDII），基金简称为华夏布拉德斯科巴西伊博维斯帕ETF（QDII），场内简称为巴西ETF， 基金代码159100。另一只为易方达伊塔乌巴西IBOVESPA交易型开放式指数证券投资基金（QDII），基 金简称为易方达伊塔乌巴西IBOVESPAETF（QDII），场内简称为巴西ETF，基金代码520870。两只基 金通过网上现金认购和网下现金认购两种方式公开发售，首次募集规模上限均为3亿元人民币，原定 ...

Group 1 - The core viewpoint of the articles highlights the increasing interest of overseas investors in Chinese public funds, with a focus on the accessibility and low entry barriers these funds provide for global investors to tap into China's growth dividends [1][2][3] - Thai investors are particularly drawn to the Bualuang China A500 passive fund, which links to the Huaxia A500 ETF, allowing them to invest in leading Chinese companies with a minimum investment of only 500 Thai Baht (approximately 110 RMB) [2][3] - The B-CNA500P fund strategically reduces exposure to financial stocks while focusing on high-growth sectors such as technology and consumption, aligning with China's economic transformation from manufacturing to innovation and domestic consumption [3] Group 2 - The launch of the B-CNA500P fund in Thailand is part of a broader trend of Chinese public funds expanding into Southeast Asia, supported by initiatives like the Regional Comprehensive Economic Partnership (RCEP) and the Belt and Road Initiative [4] - Major Chinese asset management firms are establishing comprehensive pathways for market entry in Southeast Asia, including partnerships for launching ETFs and other investment products [4][5] - The collaboration between E Fund and Itaú Asset Management in Brazil resulted in the successful issuance of the Itaú E Fund MSCI China A50 ETF, enhancing connectivity between Chinese and Brazilian capital markets [5][6] Group 3 - Chinese public funds are also exploring opportunities in the Middle East, with firms like Fuqua Hong Kong partnering with local asset managers to launch Chinese equity funds [6][9] - The introduction of various cross-border investment products, such as the Southbound ETF and mutual recognition funds, reflects the industry's commitment to facilitating global asset allocation [10] - The establishment of overseas subsidiaries by Chinese public fund companies has become a crucial strategy for expanding their international presence, with over twenty firms having set up such entities since 2008 [10][11] Group 4 - The public fund industry is actively working to tell the "China story" and help global investors share in the benefits of China's economic development while meeting domestic investors' needs for global asset allocation [11]

Core Viewpoint - The trend of "buying Chinese funds" is gaining popularity among global investors, with Chinese public funds actively exploring overseas markets to provide low-threshold investment tools for accessing China's growth dividends [1][11]. Group 1: Chinese Funds Entering Overseas Markets - Thai investment circles are experiencing a surge in interest in Chinese funds, exemplified by the launch of the Bualuang China A500 Passive Fund, which links to the Huaxia A500 ETF, allowing Thai investors to access Chinese assets easily [2][3]. - The Bualuang fund focuses on leading Chinese companies across various sectors, emphasizing technology and consumption, and aims to capture the benefits of China's economic transformation [3]. Group 2: Successful Collaborations and Expansions - The collaboration between Chinese public funds and Southeast Asian markets is thriving, with notable partnerships such as the one between Fuguo Asset Management and the Malaysian Stock Exchange to launch ETF products [5]. - In Brazil, E Fund has partnered with Itaú Asset Management to issue the Itaú E Fund MSCI China A50 ETF, enhancing the connection between Chinese and Brazilian capital markets [6]. Group 3: Innovative Product Offerings - The launch of various ETFs linked to the ChiNext Index across multiple international exchanges highlights the growing interest in Chinese technology innovation among global investors [7]. - The dual approach of "going out" and "bringing in" is evident in the development of cross-border products, such as the Southbound ETF that allows domestic investors to access foreign markets [8][9]. Group 4: Future Outlook - The Chinese public fund industry is committed to sharing the benefits of China's economic growth with global investors, with expectations for more successful overseas expansions in the future [11].

Core Insights - The trend of "buying Chinese funds" is gaining popularity among global investors, with Chinese public funds actively exploring overseas markets to provide low-threshold investment tools for accessing China's growth dividends [1][2]. Group 1: Market Expansion - Thai investors are increasingly interested in Chinese funds, exemplified by the launch of the Bualuang China A500 Passive Fund, which links to the Huaxia A500 ETF, allowing local investors to easily invest in Chinese assets [1][2]. - The B-CNA500P fund focuses on high-growth sectors such as technology and consumption, significantly reducing exposure to financial stocks, and targets companies that contribute to China's economic transformation [2][3]. Group 2: Strategic Collaborations - The collaboration between Huaxia Fund and BBLAM represents a shift in the public fund industry's approach to overseas markets, moving from simple capital flows to a dual output of strategy and product [2][3]. - Other notable collaborations include partnerships between various Chinese asset management firms and Southeast Asian markets, such as the cooperation between Fuguo Asset Management and Malaysia's stock exchange [3][4]. Group 3: Global Outreach - Chinese public funds are also making strides in Latin America, with the Itaú Asset Management successfully launching the Itaú E Fund MSCI China A50 ETF in Brazil, enhancing connectivity between Chinese and Brazilian capital markets [4][5]. - In the Middle East, partnerships like that of Fuguo Hong Kong and SEDCO Capital are creating new investment products, allowing local investors to access Chinese assets directly [6][7]. Group 4: Innovative Product Development - The public fund industry is actively exploring various product models, including QDII, Hong Kong Stock Connect, and cross-border wealth management, to facilitate both inbound and outbound investment [7][8]. - The establishment of overseas subsidiaries by Chinese public fund companies has become a crucial strategy for expanding their international presence and sharing the benefits of China's economic growth with global investors [8].

境内首批投资沙特阿拉伯市场的ETF，南方基金南方东英沙特阿拉伯ETF（以下简称：沙特ETF， 基金代码：159329）于6月24日起发售，为内地投资者提供投资沙特阿拉伯市场的指数化便捷工具。 从市场结构上看，沙特产业结构逐渐多元化，在快速发展经济的同时，正逐步摆脱对石油产业的依 赖。根据CEIC、Wind、IMF、国泰君安证券研究及沙特政府的数据显示，2016 年之前，沙特原油、天 然气开采业占GDP比重约40%。2022年，尽管国际油价大幅提升，沙特原油、天然气开采业占GDP比重 也只有36%。这表明非石油产业对沙特经济的贡献日益凸显。随着沙特资本市场的不断开放和经济转型 的有序推进，"2030愿景"取得的一系列成果使沙特逐渐成为全球瞩目的投资热土，不断吸引着海内外的 资金。 南方东英量化投资部主管王毅表示，沙特作为中东地区最重要经济体之一，近几年在"2030愿景计 划"下取得了高速发展。沙特资本市场上市公司目前以金融和资源类企业为主，这些公司过去几年保持 了较高的股息分红水平，为全球投资人提供了多样的选择。（品宣） 【纠错】 【责任编辑:郭宇佳】 据悉，沙特ETF采用内地交易所与港交所互挂的模式，跟踪指数 ...

Core Viewpoint - Recent trends show a significant increase in premium risks for US stock-related ETFs, with some products experiencing frequent trading halts due to high premiums, indicating a shift in investor behavior towards secondary market trading amid restrictions on fund purchases [1][2][4]. Group 1: Premium Risks and Market Behavior - Multiple US stock-related ETFs have issued premium risk warnings, with the Invesco S&P Consumer Select ETF reporting a premium rate of 21% as of June 25 [3][4]. - The current premium rates for various ETFs include 13.85% for the Guotai S&P 500 ETF, with several other funds exceeding 5% [4]. - The surge in premiums is linked to restrictions on fund purchases, leading investors to turn to secondary markets, which further drives up premiums due to high demand [4]. Group 2: Market Outlook and Investment Strategy - Despite a reduction in short-term return expectations for US stocks, a long-term positive outlook remains, particularly in light of the recent recovery of major indices [2][7]. - The potential for a "soft landing" in the US economy is crucial for the future performance of US stocks, with uncertainties surrounding political policies and global economic trends posing risks [7][8]. - The anticipated easing of monetary policy and the rise of AI as a key growth driver are seen as factors that could support the resilience of US tech stocks, particularly those represented in the Nasdaq 100 index [8].