Bridge water has a big move, and its products have increased the position of gold ETF in the first half of the year. Its every move has attracted much attention and has always been regarded as an important weather vane of the market. So today, Bian Xiao is here to sort out the knowledge about gold ETF for everyone. Let's have a look!
Qiaoshui China bought 800 million yuan gold ETF.
ETF (Trading Open Index Fund) traded on the floor will generally disclose the information of the top ten holders in the semi-annual report and annual report of the fund.
The semi-annual report of Bosera Gold ETF shows that the three fund products of Qiaoshui All-weather Enhanced China Private Equity Fund No.3, Qiaoshui All-weather Enhanced China Private Equity Fund 1 and Qiaoshui All-weather Enhanced China Private Equity Fund No.2 hold 46,624,800, 9,294,200 and 8,765,438 +0.600 respectively, ranking 1, respectively.
The above three funds of Qiaoshui China also appeared in the top ten holders list of Huaan Gold ETF and E Fund ETF. According to the data, by the end of June, Qiaoshui China held 2140,000 shares of Bosera Gold ETF, Huaan Gold ETF and E Fund Gold ETF, with a market value of 8140,000 yuan.
According to public information, Huaan Gold ETF, Bosera Gold ETF and E Fund Gold ETF are the three largest gold ETFs in China, with the latest scales of 654.38+0 billion yuan, 6.7 billion yuan and 4 billion yuan respectively. Domestic gold ETFs are mainly funds that passively track the price of gold spot contracts. Their investment purpose is to minimize the tracking error of the underlying index and obtain the average market return represented by the underlying index.
Foreign-funded institutions allocate China assets.
It is worth noting that this is the first time that the products of Qiaoshui China Private Equity Fund have appeared in the domestic public offering list of fund holders.
Bridgewater's global asset management scale exceeds 1000 billion USD, making it one of the largest investment institutions in the world, and Hashimoto is a wholly-owned private equity fund of Bridgewater in China. In 20 18, Qiaoshui China launched the first domestic private equity product-Qiaoshui All-weather Enhanced China Private Equity Fund 1, followed by Qiaoshui All-weather Enhanced China Private Equity Fund No.2 and Qiaoshui All-weather Enhanced China Private Equity Fund No.3 in 2020 and 20021year respectively.
Qiaoshui China's first domestic private equity fund product chose the all-weather enhancement strategy. It is reported that the all-weather strategy is a multi-asset strategy, which dynamically allocates stocks, debts and commodities, and can use hedging tools to ensure the balance among various economic environments. It is also one of the magic weapons for the success of Daglio and bridgewater.
At the end of 20021,the website of China Fund Association showed that the management scale of Qiaoshui China had been updated to "over10 billion yuan". Which domestic assets foreign giants prefer has always been the focus of attention in the domestic market. In addition to buying gold ETF, with the expansion of management scale of Qiaoshui China, the layout of private placement products of Qiaoshui China in China will gradually emerge.
It is worth mentioning that Dalio, the founder of Bridgewater, is quite optimistic about the China market and has made a clear statement on many occasions. Earlier, in an interview with China, the broker of Securities Times, Daglio once again mentioned that he was a long-term investor in China, because he thought that China provided an excellent opportunity, and not investing in China would risk missing out on high returns. Daglio said: "As long as the influencing factors in my investment model have not changed, as long as I am allowed to invest in China, I will continue to be a long-term investor in China."
In addition to Bridgewater, many foreign institutions are making great efforts to lay out the asset management market in China. From 2065438 to June 2007, Fidelity Lee Tae, a subsidiary of Fidelity International, became the first foreign private placement in the industry, and overseas asset management giants such as UBS, bridgewater and BlackRock successively entered the domestic asset management industry in the form of setting up foreign private placements. By the end of June this year, there were 42 foreign private placements. Among them, BlackRock, Fidelity and Lubomai have successfully obtained public offering licenses and switched to public offering business. Foreign-funded institutions such as Fanda Fund, Lianbo Fund and Schroeder Fund are queuing to apply for Public Offering of Fund license.
All gold theme funds have positive returns this year.
Since the beginning of this year, the global stock market and commodity market have fluctuated greatly, and gold, as a safe-haven asset, has begun to go out of a wave of rising prices. Public Offering of Fund products invested in spot gold and A-share gold stocks outperformed most funds. The data shows that both domestic gold ETFs and actively managed funds with heavy gold stocks have positive returns.
Passive funds such as Huaan Gold ETF, E Fund Gold ETF and Boss Gold ETF have earned 4.04%, 3.96% and 3.95% respectively since the beginning of the year. In recent years, with the strong rise of gold price, gold ETFs have been laid out in Public Offering of Fund. For example, in 2020, 7 Public Offering of Fund ETFs such as Qianhai Kaiyuan will issue gold ETFs, and this year Ping An Fund, southern fund Fund, Dacheng Fund and harvest fund will issue Shanghai gold ETFs, bringing the number of domestic gold ETFs to 16.
In addition to passive funds, some active funds with heavy A-share gold stocks have also had positive returns this year, such as Qianhai Kaiyuan Shanghai-Hong Kong-Shenzhen Core Resources, Qianhai Kaiyuan Gold and Silver Jewelry, Huatai Bairui Fuli and so on.
Wu Guoqing, the fund manager of Qianhai Open Source Fund, managed Qianhai Open Source Shanghai-Hong Kong-Shenzhen Core Resources and Qianhai Open Source Gold and Silver Jewelry, which rose by 4.3% and 2.88% respectively this year, outperforming most domestic actively managed fund products. Since the beginning of last year, Qianhai Kaiyuan Shanghai-Hong Kong-Shenzhen Core Resources has successively added gold stocks to the top ten Awkwardness Shares of the Fund, and Yintai Gold, Chifeng Gold and Hunan Gold held by the Awkwardness have all increased by more than 30% during the year.
Wu Guoqing said in the semi-annual product report that in the first quarter, the gold sector benefited from high inflation and geopolitical conflicts, and its performance was relatively strong. In the second quarter, it was affected by the tightening policy of the Federal Reserve and the overall market trend, but it still maintained the allocation of gold and rare earth plates in the previous period. After the overseas tightening expectation is relaxed, the gold plate is expected to strengthen.
Boss Gold ETF said in the semi-annual report that looking forward to the second half of the year, gold assets may once again usher in the opportunity to bottom out. Historically, after the interest rate hike cycle started, the short-term and long-term spreads of US debt first fell and then rose, especially when the economic cycle went down, gold showed a more stable performance corresponding to the reversal of spreads. In addition, the net long position of COMEX Gold Futures Fund has fallen below the historical score of 10%. Historically, when the net long position of gold futures is lower than this score, the gold market can gain an average increase of 6.67% in the next six months, with a winning rate of 76%. The reason behind this is mainly the reversal of extreme pessimism in the market. On the whole, the pessimistic expectation of the current gold market has been fully priced, and the window of bottoming out may be ushered in the second half of the year.