Saudi Arabia, with the world’s second largest proven oil reserves, accounts for 17.2%of global reserves. It is known as a country lying on oil. Many people simplify it into two words- "local tyrants".Now, you can also make a "local tyrant friend" through the QDII fund.
Recently, the first batch of two cross -border ETF funds invested in the Saudi market in China was officially approved, namely Huatai Berry South East East Saudi ETF (QDII) and Southern Fund East East Saudi Arabia ETF (QDII).Averages invest in southern East British Saudi Arabia ETF to track the FTSE Saudi Arabia index.
Saudi Arabia is a representative of emerging market countries in the world. From 2021 to 2022, Saudi Arabia has exceeded $ 30,000 for two consecutive years and reached $ 33,000 in 2023.Corresponding to the good economic fundamentals, the Saudi stock market has continued to go cattle in recent years.According to FTSE data, as of May 31, 2024, the FTSE Saudi Arabia Index has a cumulative return of nearly 30%.New Delhi Wealth Management
What are the well -known companies in the Saudi stock market?In addition to the famous Saudi Arabia (Saudi Arabian National Petroleum Corporation), there are also Ragih Bank, the State Bank of Saudi Arabia, Saudi International Electric Power and Water, Saudi Basic Industrial Corporation, etcChennai Investment. These world -renowned companies are FTSE Saudi Arabia Index ingredients.EssenceAccording to the data provided by Huatai Berry Fund, the top five heavy industries of the index are finance (41.6%), raw materials (17.2%), energy (9.2%), public utilities (8.5%), and communication (7.5%).
In addition to the Saudi market, there are two niche markets: India and Vietnam, which also have corresponding QDII tools, and the performance has risen strongly.
Vietnam Market: Seeing India 30 years ago
◆ Tianhong Vietnam Market QDII
The return rate since its establishment is 44.66%(as of June 20)
In the first quarter of 2024, Vietnam GDP increased by 5.66%year -on -year, setting the highest record in the same period in the past five years.Opening and attracting foreign capital to the outside world, undertaking global manufacturing capacity transfer is an important support for Vietnam’s economic growth.Some institutional researchers told Uncle Wolf that Vietnam was very similar to India in the 1990s, and the financial industry, manufacturing, information communication, transportation industry and other industries rose.Benefiting from the rise, Vietnam’s exports have performed strongly, not only textiles and clothing, but also machinery and equipment products, showing the trend of industrial upgrading.
The Fund’s first quarter report showed that the top three heavy warehouse industries of Tianhong Vietnam’s QDII include: finance (59.79%), basic materials (12.25%), and real estate (12.30%).
Tianhong Fund believes that Vietnam’s overall economic performance in the first quarter was in line with expectations, and it also laid a good foundation for achieving a 6%-6.5%growth goal throughout the year.From the current point of view, the main factors that promote the better growth of Vietnam’s economy include: the continuous decline in interest rates has brought obviously active credit supply and demand, the recovery trend of key industries such as real estate and import and export is relatively clear, and the overall domestic consumption has maintained toughness.
Indian market: Population dividend blessing
◆ ICBC India Fund QDIIUdabur Stock
The return rate has been 56.83%since its establishment (as of June 20)
◆ Manulife Indian stock QDII
The return rate has been 52.27%since its establishment (as of June 20)
When it comes to India, the first impression of many people is the population of the population.According to statistics from the United Nations, the total population of India reached 1.417 billion in 2022.India not only has many people, but also maintains positive population growth and younger population structure. In 2022, India’s population growth rate was 0.69%. The population under 30 accounted for 51.8%.The item data should be significantly better than India.
According to the research of Minsheng Securities, driven by the democratic dividend, the Indian economy troolier, the consumption proportion reached 60%.In addition, India’s information technology and IT outsourcing services are unique in the global market.These positive factor jointly promoted India’s GDP to increase by more than 7%for two consecutive years in 2022 and 2023.Industries that reflect the economic growth structure of financial services and information technology have a relatively large Indian stock market index.
Benefiting from good fundamentals, the Indian stock market has been sought after by global funds.According to the statistics of the Manuri Fund, India attracted US $ 21 billion in net inflow of foreign capital in 2023. In the first quarter of 2024, foreign capital continued to flow into $ 1.6 billion.The Manuri Fund believes that the strong growth of India’s domestic economy and a gentle inflation level will still bring fundamental support to the stock market.In the short term, pay attention to the adjustment of the market’s disturbances to the market, and the risk of fluctuations brought by the high valuation of the Indian stock market, and pay attention to the guidance and policy direction of the full fiscal budget after the Indian election.
Source: Homepage News Finance ObservationKolkata Stocks
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