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 ...

Group 1 - Fund companies are increasingly dissolving their supervisory boards, with Fangzheng Fubang Fund and Yingda Fund being recent examples, aiming to enhance oversight efficiency by consolidating functions within the board's audit committee [1] - The average return for public fund managers in the first three quarters of the year is reported at 19.77%, with a median of 14.97%, indicating strong performance in the industry [2] - Two ETFs focused on the Brazilian market have been submitted for approval, namely the "Huaxia Bradesco Brazil IBOVESPA ETF" and the "E Fund Itaú Brazil IBOVESPA ETF" [3] Group 2 - The ETF market has seen significant innovation and expansion, with various new products launched this year, including broad-based and thematic ETFs, as well as a rapid growth in bond ETFs [4] - A total of 16 actively managed equity funds are set to launch, featuring well-known fund managers, including a new fund from Zhongou Fund's Lan Xiaokang, which marks his return to fund issuance after over two years [5] - The market experienced fluctuations on October 14, with the Shanghai Composite Index down 0.62% and the Shenzhen Component Index down 2.54%, while trading volume increased significantly [7]

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 core viewpoint of the articles is the introduction of new cross-border investment funds, specifically ETFs focused on the Brazilian market, which enhances connectivity between Chinese and Brazilian capital markets [1][3][5] - On October 13, the China Securities Regulatory Commission announced the approval of two new QDII ETFs: the Huaxia Bradesco Brazil Ibovespa ETF and the E Fund Itaú Brazil IBOVESPA ETF, allowing investors to easily access the Brazilian capital market [2][3] - The Brazilian capital market is highlighted as the largest and most influential financial system in Latin America, offering opportunities for global investors to benefit from its resource dividends and economic growth potential, while also being affected by domestic fiscal policies and political dynamics [2][3] Group 2 - The Ibovespa index, which is a key indicator of the Brazilian stock market, has shown an annualized return of over 12% over the past decade, with a year-to-date return of 21.6% as of September [2][3] - The emergence of these Brazilian ETFs is seen as a significant development in the ongoing collaboration between China and Brazil in capital market connectivity, following previous initiatives such as the Bradesco Huaxia ChiNext ETF launched in May [3][4] - The trend of public funds expanding into cross-border investments has led to the creation of various products targeting emerging markets, with many of these funds achieving double-digit returns this year, including the notable performance of the China-Korea Semiconductor ETF, which has risen by 66.21% [4][6] Group 3 - The market has seen a diversification of cross-border funds, with products now available for investment in countries such as South Korea, Germany, France, Japan, and others, indicating a growing interest in emerging markets [5][6] - The introduction of dedicated investment tools for the Brazilian market has garnered significant attention, reflecting the increasing sophistication of public funds in meeting investor demand and the deepening of capital market openness [6][7] - Future expectations include the emergence of more products targeting niche countries or markets, as well as cross-border ETFs focusing on global themes such as renewable energy and healthcare, creating a multi-dimensional product matrix for investors [7][8]

10月14日，证监会最新公示信息显示，易方达基金已上报"易方达伊塔乌巴西IBOVESPA交易型开放式指数证券投资基金 （QDII）"，成为首批申报巴西市场ETF的公募产品之一。该基金拟跟踪的标的为巴西主流股指——伊博维斯帕指数 （IBOVESPA），成分股包括淡水河谷（Vale）、巴西石油公司（Petrobras）等巴西资源类龙头。 根据易方达的设计方案，该ETF将与巴西伊塔乌联合银行（Itaú Unibanco）旗下ETF产品实现互挂，投资者可通过QDII机制直 接配置巴西市场核心资产。业内人士认为，这标志着中巴ETF互联互通机制正式落地，南美市场成为继日本、香港、新加坡之 后，中国基金公司跨境ETF布局的新方向。 中国基金报此前报道，华夏基金也曾同步上报"华夏布拉德斯科巴西伊博维斯帕ETF"，与巴西布拉德斯科银行（Bradesco）合 作对接。但截至10月14日，《财中社》在证监会基金募集申请公示进度中未见该产品名称，疑似已撤回或暂缓披露。 业内人士指出，产品"消失"通常有几种可能：一是基金公司主动撤回申报材料，或因合作方、指数授权及托管安排调整而重新 设计产品；二是进入材料补正阶段，短期内暂未公示；三是 ...

10月13日,证监会网站显示，华夏基金申报了"华夏布拉德斯科巴西伊博维斯帕股票交易型开放式指数证券投资基金（QDII）"，易方达基金申报了"易方达 伊塔乌巴西IBOVESPA交易型开放式指数证券投资基金（QDII）"（以下均简称巴西ETF）。多位业内人士表示，这是落实中国与巴西资本市场互联互通 的又一成果，可以助力投资者一键投资巴西市场。 【导读】华夏基金、易方达基金申报巴西ETF，中国与巴西资本市场实现互联互通 中国基金报记者 李树超 曹雯璟 华夏基金表示，巴西资本市场是拉丁美洲规模最大、最具影响力的金融体系核心。作为关键的新兴市场代表，巴西资本市场既为全球投资者提供了分享其 资源红利和经济增长潜力的机会，也深刻受到国内财政政策、利率周期以及政治生态的影响，展现出高成长性与高波动性并存的特质。 易方达基金指数投资部总经理林伟斌表示，巴西是南半球重要的国家，也是"金砖国家"成员国之一。巴西拥有全球居前的消费市场，内需持续复苏，同时 数字化渗透率不断提升，服务业也有较大发展空间。近年来，巴西股市整体表现在新兴经济体中居前，凸显其作为"世界粮仓"和拉美第一大经济体的韧 性。 据林伟斌介绍，Ibovespa（中文： ...

【导读】 华夏 基金 、 易方达 基金申报巴西ETF，中国与巴西资本市场 实现 互联互通 中国基金报记者 李树超 曹雯璟 华夏基金 表示， 巴西资本市场是拉丁美洲规模最大、最具影响力的金融体系核心。作为关键 的新兴市场代表，巴西资本市场既为全球投资者提供了分享其资源红利和经济增长潜力的机 会，也深刻受到国内财政政策、利率周期以及政治生态的影响，展现出高成长性与高波动性 并存的特质。 易方达基金指数投资部总经理林伟斌表示，巴西是南半球重要的国家，也是"金砖国家"成员 国之一。巴西拥有全球居前的消费市场，内需持续复苏，同时数字化渗透率不断提升，服务 同时，作为重要的新兴市场资产，Ibovespa为全球投资者提供了分散投资组合、追求高回报 的机会。 数据显示， 过去十年，该指数年化收益率超过12%，今年至今（截至九月末）收益 率为21.6%。其表现不仅反映了巴西国内的政治经济改革与利率周期，也敏锐地捕捉着全球 资本流向新兴市场的脉搏。 10月13日,证监会网站显示，华夏 基金 申报 了 " 华夏布拉德斯科巴西伊博维斯帕股票交易 型开放式指数证券投资基金（QDII） "，易方达基金申报了"易方达伊塔乌巴西IBOVES ...