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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82
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  部分QDII基金一季度末持仓资产配置情况  张大伟制图

  ◎记者聂林浩

  今年以来,全球各大市场资产表现差异显著。在此背景下,不同投资方向的QDII基金业绩分化加剧。基金一季报显示,主动管理的QDII产品中,不少基金经理在一季度调整了区域配置,业绩领先的产品普遍重仓A股或港股等中国资产,而美股含量较高的产品则普遍承压,部分产品更是位列业绩榜末端。

  QDII基金首尾业绩差距大

  数据显示,截至4月22日,纳斯达克、标普500指数今年以来分别下跌15.59%和10.1%。与之形成鲜明对比的是,港股市场恒生指数和恒生科技指数同期分别上涨9.95%和13.02%。

  QDII产品的业绩因配置区域市场的不同表现而此消彼长。以主动管理型产品为例,Choice数据显示,截至4月22日,汇添富香港优势精选混合A今年以来净值上涨46.41%,在全市场QDII产品中位列第一。另外,南方香港成长灵活配置混合、工银新经济混合人民币、富国全球健康生活主题混合人民币A等7只产品今年以来净值涨幅超20%。

  在业绩榜的另一端,华夏全球科技先锋混合、华宝纳斯达克精选股票A、建信新兴市场混合等多只QDII产品今年以来净值跌幅均超20%。

  记者发现,在业绩排名居前的QDII产品中,截至一季度末,大多数重仓了A股及港股等中国资产。例如,工银新经济混合人民币持有A股和港股的资产比例分别为73.37%和25.4%,美股仅占1.23%;富国全球健康生活主题混合人民币投资A股及港股资产比例合计为96.51%,美股为3.49%。

  而华夏全球科技先锋混合和建信新兴市场混合等业绩垫底的产品均重仓了美股市场,该两只QDII基金一季度末持有美股资产比例分别为100%和74.72%。区域资产配置差异导致QDII业绩悬殊,首尾收益相差超过70个百分点。

  基金调仓瞄向A股和港股

  基金一季报显示,一季度不少绩优QDII基金大幅减持了美股,转而增持A股或港股。

  例如,南方香港成长灵活配置混合一季度末的美股持仓占比降低了10.34个百分点,而A股和港股的持仓占比大幅提升。富国全球消费精选混合人民币的美股仓位由去年末的31.52%降至11.03%,港股持仓占比则提升了20.64个百分点。

  据梳理,包括易方达全球医药行业混合、万家全球成长一年持有期混合、富国蓝筹精选股票等在内的多数QDII基金在一季度均加仓了A股及港股,并相应调降了美股市场的占比。

  从行业来看,生物医药、互联网、新消费等板块是QDII基金重仓的方向。汇添富香港优势精选混合一季度末的前十大重仓股均属生物医药行业,南方香港优选股票在一季度加仓了腾讯控股、泡泡玛特、阿里巴巴-W等个股。

  依然看好港股投资机遇

  “香港市场是‘投资中国’组合中的重要组成部分,是配置中国新经济公司的重要选项。”南方香港成长灵活配置混合基金经理熊潇雅认为,伴随中国品牌、中国技术、中国创新药品将走向世界,具备全球竞争力的中国消费品牌、创新药、硬科技行业将迎来重大发展机遇。

  “进入2025年,全球宏观环境的复杂化增加了单一市场的波动,我们通过全球化配置,比如增持中国资产来抵抗单一市场风险。”广发全球精选股票基金经理李耀柱说,随着中国在科技方面的突破,中国互联网、智能硬件等行业依旧充满机会。

MACD金叉信号形成,这些股涨势不错!

  ■ 苏诗钰

  数字贸易作为数字经济的关键构成部分,已然成为国际贸易发展的全新趋势,更是驱动经济增长的新引擎。在日常生活中,我们切实体验到了数字贸易带来的诸多便捷。例如,消费者只需在家轻点鼠标,打开电商平台,全球的优质商品就能一键下单,通过电子支付完成交易,而且物流信息实时更新,短短几天商品就能送货上门。这一高效便捷的购物流程,让全球好物近在咫尺,极大地节省了时间成本。

  在笔者看来,当前大数据、云计算、人工智能以及区块链等数字技术正加速创新,并日益深入地融入经济社会发展的各个领域和环节之中。从“云端”到“终端”,数字贸易正悄然改变着我们的消费体验。

  为了推动数字贸易的创新发展,我们必须采取一系列具有针对性、前瞻性且强有力的措施,以适应全球数字经济快速发展的潮流,在国际数字贸易竞争中占据有利地位。

  首先,要坚决加强数字贸易的制度供给。以坚定的决心,消除制约数字贸易发展的体制机制性障碍,彻底打破企业在数字贸易各环节面临的制度壁垒。当前,完善相关法律法规刻不容缓。通过明确数字贸易中各方的权利与义务,规范市场秩序,营造公平、公正、透明的市场环境。这对提升消费体验至关重要。

  其次,优化政策扶持是推动数字贸易产业发展壮大的关键所在,同时也对改善消费体验具有重要意义。政府积极出台更多便利化措施,从多个层面为数字贸易企业提供支持。比如,去年年底发布的《中共中央办公厅 国务院办公厅关于数字贸易改革创新发展的意见》,从四个方面提出了18条具体举措,旨在促进数字贸易的改革创新发展,塑造对外贸易发展的新动能和新优势。此外,加强数字基础设施建设也十分关键。高速宽带网络和数据中心的升级,能够大幅提升数字贸易的运行效率,减少消费者购物过程中的等待时间,使消费过程更加顺畅。

  再次,要充分发挥各类试验区、试点地区的引领作用,鼓励在制度创新方面先行先试。近日,中共中央、国务院印发的《关于实施自由贸易试验区提升战略的意见》再次强调“支持数字贸易创新发展”。这些试验区、试点和基地是数字贸易创新发展的试验田。通过给予一定的政策灵活性和创新空间,它们能够在制度创新方面大胆探索。这对提升消费体验具有积极的示范效应。

  最后,大力推进制度型开放是数字贸易走向国际舞台的必经之路,也为消费者打开了更为广阔的消费视野。高标准对接国际经贸规则,通过规则的协调与统一,减少数字贸易面临的外部壁垒。这意味着消费者将有更多机会接触到来自全球的优质商品和服务。同时,推动构建更加开放、包容、普惠的全球数字贸易体系,也将促使国内数字贸易企业提升自身竞争力,为消费者提供更多高品质、多样化的选择。

  总之,推动数字贸易的创新发展需要我们在制度供给、政策扶持、先行先试和制度型开放等多个方面协同推进。通过这些措施,不仅能够促进数字贸易产业的繁荣,还能从多个维度提升消费体验,为消费者带来更加丰富、便捷、个性化的消费感受,实现数字贸易与消费体验的良性互动和共同发展。

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