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QFII作为国际投资理念的代表,对于国内证券市场投资理念国际化推动起到了重要作用,透视其投资组合,研究其投资中的价值取向对于国内投资者有着重要指导意义。一则通过其组合研讨总结其内在的投资理念,二则可以关注其新增仓的品种,如果物美价廉,也不妨跟踪操作随着半年报的公布,我们可以看到QFII屯仓股的持仓情况也逐渐浮出水面.其中半年报业绩大幅增长的公司成为其重点投资对象虽然近期中国证券市场呈现出大幅调整的市场格局,但是这井没有改变QFII加快进入中国市场的步伐。加I近期批复的盖茨基金、美国景顺资产管理公司、法囚兴业银行、荷竺银行,QFII已经增加到20家2004年包括瑞银、花旗、摩根、高盛、野村、扎达、德意志银行在内的这18家机构共获得了20. 75亿美元的囚内投资额度其中,瑞银以6亿美元的投资额度排在首位「从实际投资情况看,2004年中报显示9家QFII投资J 56个证券品种,持仓总从达到l’ 28. 075亿元‘:其中,瑞银以总共投资27个证券品种和14. 62亿元的投资市值位居第一,花旗、德意志银行分列2,3两位截至7月中旬,QF11进人中因资金达到17. 75亿关元,折合人民币146. 97亿元左右,其中约100亿元左右资金进入证券市场从持仓品种看,长门电力、1港集箱、福耀玻璃为持仓最重的股票,从投资变动看,瑞银大幅增持了福耀玻璃和燕京啤酒,并跃升为这两只股票的第一大流通股东。
As a representative of international investment philosophy, QFII plays an important role in promoting the internationalization of the investment concept in the domestic securities market. Looking at its investment portfolio and studying the value orientation in its investment, it has an important guiding significance for domestic investors. One through its portfolio of research to sum up its inherent investment philosophy, the two can focus on the variety of its new positions, if inexpensive, it may also follow the operation With the announcement of the semi-annual report, we can see QFII shares positions in stock positions The situation has gradually surfaced, of which the semi-annual report substantial growth in the company to become its key investment target Although the recent stock market in China showed a drastic adjustment of market structure, but this well did not change QFII to accelerate the pace of entering the Chinese market. Recent Gates Funds, IFC Asset Management, Prudential Industrial Bank, Holland Bank, QFII have been increased to 20 in 2004 including UBS, Citigroup, Morgan, Goldman Sachs, Nomura, Zada, Deutsche Bank , Including 18.7 billion U.S. dollars in total in-prison investment, of which UBS took the lead in investment amount of 600 million U.S. dollars. "According to the actual investment, the interim report of 2004 shows that 9 QFII investments J 56 securities of the total positions reached l’2.875 billion yuan ’: Among them, UBS to invest a total of 27 securities varieties and 1.62 billion investment value ranked first, Citigroup, Deutsche Bank 2,3 as of mid-July, QF11 into the capital due to 1.775 billion Guanyuan, equivalent to 14.67 billion yuan, of which about 10 billion yuan into the securities market funds from the positions of species, long-term Electricity, Port 1, and Fuyao Glass are the stocks with the most positions. From the perspective of investment changes, UBS substantially increased its share of Fuyao Glass and Yanjing Beer and jumped to become the largest circulation shareholder of the two stocks.