Teda Manulife India QDII plunges 5% in incremental yields from positive to negative in July
Original title: Teda Manulife India ‘s QDII plunged 5% in July and the return rate changed from positive to negativeProducts, but driven by the sharp growth of the Indian stock market in the early stage, such funds have performed well.
In fact, from the perspective of the Indian stock market, the Indian Mumbai SENSEX30 index can be described as a new high for many years in a row, which of course also benefits such funds.
For example, TEDA Manulife India (006105), which was established on January 30 this year, is mainly invested in Indian-themed companies. Although the net value has changed since April, only three months have passed, which is the net value on July 4.It went up to 1.
0752 yuan, yield of 7.
However, the Indian stock market has seen a part since then. Judging from the trend in July, the Indian Mumbai SENSEX30 index fell by 4.
86%, which caused Teda Manulife India, which just hit a new high, to fall by 5 in July.
31%, and ranked among the top five in QDII fund declines in July.
From the fund’s only second quarter report, the equity assets accounted for 80% of the fund’s total assets.
96%, while Indian assets account for 90% of the fund’s NAV.
52%, the fund manager also stated in the second quarterly report: “In terms of industry ratio, the top four industries are finance, information technology, energy and medical technology, which account for 37%, 13%, and 7%, respectively.7% “.
International investment agencies believe that the long-term performance of the Indian stock market is mostly affected by domestic interest rate policy trends and fiscal system reforms.
In July, the Indian stock market pulled back for correction, mainly due to the weaker corporate earnings forecast last quarter, the government raised corporate taxes and earnings, and replaced disappointments such as expectations.
A thorough analyst said that the biggest advantage of the Indian stock market is the loosening of monetary and monetary policy stance. India has cut interest rates three times this year for a long time, with a benchmark interest rate of 5.
75% is expected to be a low of nearly nine years, which will bring surplus funds to the market.
According to experience, one year after the interest rate cut, Indian stocks have a growth probability of up to 80%.
In addition, the third quarter is the traditional peak season of the Indian stock market. The Indian ruling party not only won the election, but also unexpectedly increased the number of seats in the parliamentary elections. This helped policy progress.
However, from the perspective of the market after August, the Indian Mumbai SENSEX30 index continued to fall by more than 2%, which also caused Teda Manulife India to fully retreat at the beginning. Until August 5th, the fund’s growth rate of return has appeared 0.
From the experience of fund manager Shi Jing, he worked at Phillip Securities from July 2010 to September 2017, and successively served as a senior global stock trader and fund portfolio manager; joined TEDA Manulife on September 25, 2017Fund Management Co., Ltd., working in the International Business Department and assistant to the fund manager, until December 25, 2017, began to manage Teda Manulife Hong Kong Stock Connect Equity Fund.
If counting from the time when the Air Force manages the fund portfolio, its accumulated time as a fund manager has been as long as 4 years, and it has been more than 1 year as a fund manager under the TEDA Manulife Fund.
However, it must be August 5th, the TEDA Manulife Hong Kong Stock Connect stocks A and C managed by Shi Jing were changed to 8.
69% and 6.
11%, unless the 2018 plunge is ruled out, the two funds will only increase after entering 2019.
74% and 8.
34%, the performance is far behind the average of similar.
The return of his 188 days with Teda Manulife India (QDII) was zero.
97%, lagging behind QDII funds by an average of 5.
Earliest, TEDA Manulife India (QDII) had a subscription share 深圳桑拿网 and amount of 3 when it was initially established.
7.6 billion copies / yuan, the effective subscription number is 1,447, the average number of subscriptions exceeds 260,000 copies / yuan, and the fundraising has been terminated in advance, showing investor enthusiasm for the fund.
But as of March 31, 2019, although the fund’s net worth rose slightly, it appeared to be 1.
3.3 billion net redemptions, fund assets also replaced 2.
4.3 billion, 35% lower than when it was established, and continued to experience 2 in the second quarter.
With 2.6 billion net redemptions, only zero assets remain as of June 30.
1.7 billion, has fallen below the liquidation line.
According to a reporter from China Economic Net, TEDA Manulife Fund Management Co., Ltd., formerly known as TEDA He Yin Fund Management Co., Ltd., was established in June 2002. Although it also has a history of up to 17 years, from the perspective of industry scale, the only 54The asset size as of June 30 was 379.