China Stock 中国证券

Out the entire year seems to be some untimely for the QDII fund, was born in sub-loan crisis, along with the growth of sub-loan crisis. With the growing crisis loan-to-time, on October 10 QDII fund lower than the net value of 0.4 yuan, into the “San Mao” ranks of the Fund.

only the first “San Mao” QDII fund

10 on the birth of 10 released by the net value of QDII show that the vote on the edge of the Asia-Pacific 0.396 yuan, one-day decline as much as 5.26%; Castrol overseas 0.416 yuan, down 5.24 percent in a single day; ICBC the world’s 0.562 yuan, a drop of 4.09 percent; industry overseas Chinese Hua Baoxing 0.68 yuan, down 3.95 percent; the world’s Yinhua 0.712 yuan, down 4.56 percent; sea Fortis overseas .889 Yuan, down 3.05 percent; Global South 0.521 yuan, down 2.25 percent; In addition, China announced the selection of the world on October 9 for the net value of 0.527 yuan.

last week, the damage to the external market, QDII fund losses. Statistics show that ICBC last week to vote on the global and Asia-Pacific declined the most advantages, the decline in weeks were up 22.20 percent and 24.36 percent; the global South, Castrol overseas Chinese and the global decline in selected weeks were 18.47%, 18.37% 15.14%; set up And later a lower position Hua Baoxing industry overseas Chinese, overseas Fortis and the sea is still the world’s Yinhua performance relative resilience, the week were 13.71 percent decline, 9.47 percent and 3.81 percent.

10 months so that the external market crash QDII have suffered heavy losses, statistics show that as of Oct. 10, 8 QDII net loss of as much as 10.6 billion. Most of the industry believe that the sub-loan crisis is far from over, if the external market continued to fall into the “San Mao Fund,” may increase the ranks of the QDII.

to spread the risks the loss of function of the original

complacent, high-spirited of the QDII to sea when they might not have thought that at loan-to-crisis impact on the global economy will be so far-reaching, but also did not expect loan-to-meeting Now the crisis has turned into a severe financial crisis. To the trade, at the beginning of the first wave of loan in July last year, with a large number of sub-mortgage-related financial institutions, bankruptcy, the Federal Reserve into the “cycle of rate cuts”; a year later, in July this year, Fannie Mae and Housing In the United States and in trouble, its stock was “cut” at the same time the U.S. stock market turbulent one, all-round fall into the “bear market”; loan at the current crisis are intensified, the external market environment is the climax of bankruptcy and the government to rescue the market , The evolution of the global market situation is still not sure how.

since the second half, with the sub-loan crisis spread and deepened continuously, QDII fund faced collapse, and its role in spreading risks of loss. At present, QDII is in a very difficult time, I recall a year ago, fund companies rush to submit their applications eligible for QDII scene, the current fund is not eager to put to sea when there is high enthusiasm for it?

double factor QDII

serious blow against our faces financial turmoil has caused a QDII fund losses, however, QDII fund, “seriously injured” and not all boil down to the financial crisis hit.

Cinda Securities analyst pointed Ming-Jun Liu, QDII fund suffered heavy losses, on the one hand, from the current international market inevitable market systemic risk; On the other hand, look at the reasons for the history of QDII , The first QDII was set up in October last year, set up a short time, QDII is still a lack of experience at the same time, QDII market intervention when the point was also higher.

operating strategy, Ming-Jun Liu believes that in the short term, QDII trends have stabilized, investors should not rush to redeem; In the medium term, QDII is still not optimistic about the prospects, investors in high positions can be reduced A number of positions; another in the long term (three to five years), QDII investment still has a value of some stocks to invest in China’s QDII is still a good investment options.2008-10-15

系QDII基金出海一到三毛区，每年秋季

出全年的似乎是一些不合时宜的QDII基金，出生于次贷危机，随着次增长贷危机。由于日益严重的危机贷时间10月10日QDII基金，低于0.4元净值，进入“三毛”基金行列。

只在第一个“三毛”QDII基金

对由QDII的净值显示，发布了10个出生10，关于亚洲边缘地区0.396元一票作为多为5.26％，嘉实海外0.416元日跌幅，下跌百分之5.24，单日，工商银行是世界上0.562元，一个下降百分之4.09;工业华侨华宝兴0.68元，下降百分之3.95，是世界上银华0.712 ，同比下降百分之4.56;海富通海外0.889元，下跌百分之3.05;全球的南方0.521元，下降百分之2.25;此外，中国宣布10月9日的0.527元净值世界的选择。

上周，对外部市场的损害，QDII基金的损失。统计显示，工行上周表决的全球和亚太跌幅最大的优势，在周跌幅分别同比增长22.20和百分之百分之24.36;全球南方，嘉实海外华人和在选定的几周全球股市的下跌是18.47％， 18.37％15.14％;成立后，一个较低的位置华宝兴工业华侨，海外和海富通仍然是世界上银华表现相对灵活应变，一周下跌了百分之13.71，9.47和百分之百分之3.81。

10个月，使外部市场崩溃QDII的损失严重，统计显示，截至10月10日，8 QDII的净亏损高达106亿美元。业界多数认为，次贷危机远未结束，如果外部市场继续陷入“三毛基金”，可能会增加对QDII的行列。

以分散风险的原

自满，高热心QDII的出海时，可能不会想到，在贷危机对全球的影响功能的丧失经济如此深远，而且也没有想到贷危机的会议现在已成为一个严重的金融危机使。业内人士指出，在贷款的第一批7月去年初，有大量的次级抵押贷款相关的金融机构破产，进入降息周期“联邦储备”，一年后，在今年7月，联邦抵押协会和住房在美国和麻烦，其股价是“削减”同时美国股市剧烈震荡，全面陷入“熊市”，在当前的危机是贷款加剧，外部市场环境是破产高潮和政府救市，在全球市场形势的发展仍不能确定如何。

下半年以来，随着次贷危机不断蔓延和深化，QDII基金面临崩溃，其传播的损失风险的作用。目前，QDII的是在一个非常困难的时期，我记得一年前，基金公司急于递交申请QDII的现场资格，目前的基金并不急于出海当有太大的热情？

双重因素QDII的

对我们所面临的金融风暴令QDII基金损失严重的打击，但是，QDII基金，“重伤”，而不是全部归结为金融风暴袭来。

信达证券分析师指出，刘明军，QDII基金损失惨重，一方面，从目前国际市场的必然市场的系统性风险，另一方面，看看对QDII的历史原因，在首只QDII成立于去年10月，成立时间短，QDII的仍然是经验不足的同时，QDII的市场干预时，有人还高。

经营战略，刘明军认为，在短期内，QDII的趋势已经稳定下来，投资者不应该急于赎回，从中期来看，QDII的仍然是对前景并不乐观，投资者在高位可以减少的职位数，在长期（3至5年），另一个QDII的投资仍然有一些股票的价值，在中国投资的QDII仍是一个好的投资选择。2008-10-15