“Fried Maps” Strategy Prevailed Public Offering Pay Attention to Regional Theme Investment
⊙ Reporter Wang Peng ○ Editor Wu Xiaojing re-merged and incorporated into the continuous development of domestic urban area development plans, and public funds began to pay attention to the investment value of regional themes.
At present, large fund companies have issued or reported a number of thematic investment funds focusing on Beijing, Tianjin and Hebei, the Hangzhou Bay Area and the Guangdong-Hong Kong-Macao Greater Bay Area.
In addition, Huitianfu Fund has recently launched a theme ETF focusing on the integration of the Yangtze River Delta.
Many members of the public believe that regional theme investment concept stocks may be significantly strengthened by policy stimulus in the short term, but the long-term performance of related theme investment funds is still in the improvement of regional economic development and corporate fundamentals.
Funds actively deploy regional theme investment Expansion of regional theme investment funds is becoming one of the key directions for public funds.
Following the launch of the GF CSI Beijing-Tianjin-Hebei Cooperative Development Theme ETF and the South China CSI Hangzhou Bay Area ETF last year, E Fund and China Merchants Fund submitted the CSI Zhejiang New Kinetic Energy Trading Open Index Fund andApplication for CSI Zhejiang 100 Transaction Open Index Fund.
Since 深圳桑拿网 the release of the “Guangdong-Hong Kong-Macao Greater Bay Area Development Planning Outline” in February this year, the fund company announced that the pace of ETF products in the Guangdong-Hong Kong-Macao Greater Bay Area has accelerated significantly.
According to the data disclosed on the website of the Securities and Futures Commission, on May 16, Southern Fund, Huaxia Fund and GF Fund all applied for the Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100ETF.
On May 15, CCB Fund and ICBC Credit Suisse Fund also reported CCB Shanghai-Hong Kong-Shenzhen-Hong Kong-Macao Greater Bay Area Development Theme ETF and ICBC Credit Suisse Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100 ETF.
Since April, the concept of the integration of the Yangtze River Delta has been heating up, and the Huitianfu Fund issued an ETF on the theme of the integration of the Yangtze River Delta of the China Securities Exchange.
Foreign countries have also started to pay attention to the layout value of regional themes.
JP Morgan Asset Management Corporation announced on May 20 that the CSI Morgan Yangtze River Delta Strategic Index launched in cooperation with CSI Index Co., Ltd. will be officially released on June 10.
According to statistics from Morgan Asset Management, as early as 2016, the resident population in the Yangtze River Delta region reached 2.
2 billion, regional GDP 19.
5 trillion yuan, accounting for 16% and 24% of the national total, respectively.
As of the end of 2018, the number of A-share listed companies in the Yangtze River Delta has exceeded 1,200, accounting for 34%.
The area includes major cities such as Shanghai, Nanjing and Hangzhou, as well as two free trade zones.
Participants in the long-term investment value of regional theme funds said that the transition of regional development theme related policies can indeed stimulate the concept stocks to strengthen in a certain period of time.
For example, the day after the Outline of the Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area was released, the beneficiary stocks of Zhujiang Industrial, Yantian Port, Guangdong Hydropower and others all rose and stopped.
Since May, Jiaxing Silk, Wanjiang Logistics, Wuwu Biotech, and Jiangsu Jiaotongke and other Yangtze River Delta integration concept stocks have also clearly outperformed the market.
However, from the perspective of long-term investment value, a fund manager in Shanghai believed that investors should pay more attention to whether the fundamentals of related listed companies will be better improved by the efforts of regional industrial policies rather than short-term themed hype.Opportunities for upgrading, performance improvement or asset consolidation.
”Yangtze River Delta, Pearl River Delta and other regions have always been the leaders of China’s economic development. If the products are designed properly, the target can be optimized and the weights can be set reasonably, which will indeed bring good investment opportunities.
However, the long-term performance of a certain product will still affect the local economic development and the performance of the company.
“Xia Chun, chief research officer of Noah Wealth, said.
Founder Fubon Fund Index Investment Department head Wu Hao said that the growth of the regional economy is more certain than the growth of one industry.
For investors, there is an opportunity to share the growth dividend of high-quality companies in developed regions through the allocation of regional index funds in the medium and long term.
Some fund analysts have warned that the historical performance of existing regional theme investment funds is uneven, and some index funds have not even beat the performance benchmark.
Therefore, investors need to be clear when choosing a fund company to lay out such products based on real investment strategy choices, or just to cater to investor preferences. This factor may trigger similar performance differentiation in the future.