Since the beginning of this year, there are signs of global funds.As some of India and Japan’s stock market valuations continue to rise, many funds are re -considering its asset allocation in Asia.HSBC Holdings data shows that more than 90%of emerging market funds are adding the Indian stock market while reducing Indian stocks.The latest disclosed fund annual report shows that foreign giants such as Barclays Bank and Swiss United Banking Group have reached the Indian market through the ETF of ETFs.

Recently, Ray Dalio, the founder of the world’s largest hedge fund bridge water fund, posted on social media that the current key issue is not whether it should invest in India, but how much it should be invested.

Some foreign capital began to "buy India, sell India"

According to data from HSBC Holdings, more than 90%of emerging market funds are overweighting the Indian stock market, while reducing Indian stocks at the same time.Another securities company revealed that recently India’s value investors believe that India’s stock valuation is too expensive and is in addition to Indian stocks.

Data show that as of April 3 since February, the Shanghai Stock Exchange Index rose 10%, an increase of much higher than the Mumbai Sensex30 index, which rose by 3%during the same period.Some people in the industry have regarded it as a signal of "selling India and buying India".

The investment portfolio manager of a well -known asset management company said that the company managed $ 2.5 billion (about RMB 18 billion) in the scale of emerging market funds to increase investment in India, and part of the cost was to reduce Indian stock positions.Another director of the asset management company admitted that as Indian assets became cheaper and cheaper, the reason for investing in India has increased.Because of the high valuation, India has become one of their investment concerns.

Zhao Yaoting, a global market strategist in Jingshun Asia Pacific (except Japan), said that the situation of foreign investors’ configuration in the Indian mainland market has been relatively improved in the near future."Considering the low valuation of the Indian stock market and the increase in policy support, the recent enthusiasm for foreign investors to Indian stocks has gradually increased. I expect foreign investment to continue to buy at the current level."

On April 1, Eastern time, Ray Dalio, the founder of the world’s largest hedge fund bridge water fund, posted on social media that he would continue to invest in India.Lucknow Wealth Management

"Indian assets are very cheap. For me, the key question is not whether I should invest in India, but how much I should invest." Dalio said.

Dalio further stated that for him, his investment in India has achieved success in all aspects he hopes to succeed, including showing to investors how India has diversified and increases those most suitable for any environment through a wise investment portfolio.Assets."I have been participating in the Indian market almost. My personal investment philosophy is‘ there is no bad market, only bad decisions ’. The Indian market is suitable for investors with a decision -making type.”

Dao stocks ETF copy the Indian market

The latest disclosed fund annual report shows that since the second half of last year, some foreign giants have passed the Indian market through stock ETF.

Data show that as of the end of last year, Barclays Bank held 109 funds, of which, in addition to many QDIIs, there were many A -share products.Specifically, Barclays Bank holds the share of Huaxia Chinese CSI ETF, Castle Software Services ETF, Fuguo 800 Bank ETF, Guangfa Shanghai Stock Exchange Creative Board Growth ETF and Yinhua China Securities Company ETF.Thousands of copies.

As of the end of last year, the Swiss United Banking Group held 21 funds. Among them, the agency held 46.3059 million copies of Huatai Berry, the low fluctuation ETF, and 36 million southern FTS Indian state -owned enterprises.Berry CSI Anime Game ETF, Cathay Pacific Film Theme ETF, Southern Shanghai SSE CCTV New Materials ETF and other many segments ETFs.

Niu San turned, reducing the holding of the shareholding, and the heavy position layout ETF.

From the perspective of the newly disclosed holder of the Fund Annual Report, Niu San appeared in the list of many listed companies, appearing in the list of ETF holders, and some Niu San held an ETF amount of hundreds of millions of yuan.

The fund circle is frequent.As of the end of last year, Yang Zugui became the third largest holder in the Overseas India Internet 30ETF overseasBangalore Investment. It holds 608 million copies, second only to Barclays Bank and Yifangda Fund-Central Huijin Asset Management Co., Ltd.Single asset management plan for asset management.

It is worth noting that as of the end of June last year, Yang Zugui held 456 million copies of the overseas India Internet 30ETF, which shows that in the second half of last year, Yang Zugui increased the fund exceeding 150 million copies.

According to regular announcements of listed companies, it can be found that Yang Zugui is a well -known Niu San.Since 2015, his name has appeared on the list of top ten circulation shareholders of listed companies many times.For example, at the end of the first quarter of 2022, Yang Zugui appeared in the top ten circulating shareholders list of (), (), and (), with a total market value of 376 million yuan.However, by the end of the third quarter of 2023, he only released the list of top ten circulation shareholders (), with a position of 1.2681 million shares, with a market value of only 111 million yuan.

Yang Zugui’s public position market value changes, or reflecting that the investment strategy of Niu San is shifting, shifting from stock selection to investment broad -based ETFs.From the perspective of the industry, from the market environment in the past few years, in the market’s overall weak shock market, the probability of successful success in individual stocks has decreased.The performance of active funds is equally poor, and some cattle began to adjust their strategies to buy passive fund products.Bangalore Stock Exchange

Another Niu Sanshi and Heping Buy Cathay Securities ETF.As of the end of last year, the seventh largest holder of the ETF of the Division and Pingzhitai Securities held a share of 281 million copies.

However, Zhou San Zhou Lei, who has always fell in love with Cathay Pacific Securities ETF, has quietly withdrawn from the top ten holders of the fund, and has greatly reduced the fund in the second half of last year.Judging from the origin of Zhou Lei and Cathay Securities ETF, in the first half of 2021, Zhou Lei began to largely buy Cathay Securities ETF. As of the end of June 2021, he held 237 million Cathay Securities ETF.Since then, Zhou Lei has increased all the way. As of the end of 2022, Zhou Lei held 456 million Cathay Securities ETF.

As of the end of June 2023, Zhou Lei held 427 million Cathay Securities ETF. By the end of last year, Zhou Lei had withdrawn from the top ten holders of the fund. Through calculationsEssenceFrom the market trend, from July 3, 2023 to August 10, 2023, Cathay Securities ETF rose more than 22%.(For details, please refer to this newspaper’s previous report "Niu San Big Turn")

Deng Xiaofeng, Feng Liu, Dong Chengfei, there are big moves

With the release of the annual report of the listed company, the additional path of many private equity bosses was exposed.According to statistics from the Private Equity Ranking Network, as of April 3, a total of 71 private equity of 10 billion yuan appeared in the list of the top ten circulation shareholders of 71 listed companies at the end of 2023. The total market value of over 60 billion yuan.

From the perspective of the increase, the high dividend dividend sector and the technology sector are favored by head institutions.For example, Deng Xiaofeng, a well -known fund manager of Gaoyi Assets, made new entrances () in the fourth quarter of last year, and added positions (); Feng Liu made new entry () in the same period, and added positions ().science and technology.Insiders believe that under the background of A -share valuation in the historical bottom area, the pace of dividend of listed companies, and the continuous achievement of technological breakthroughs in the field of science and technology, the "barbell strategy" mainly based on bonus and technology stocks is a better choice.

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