In fact, US inflation and the Fed's expected improvement in the pace of interest rate hikes led to a big counterattack in US stocks as early as November. Public offering analysts believe that at present, overseas markets are increasingly expecting a gradual decline in inflation and a slowdown in interest rate increases, and the time to slow down the pace of interest rate increases may come as early as the December meeting.

52 funds are up more than 20%.

According to Wind data, 378 of the 432 QDII funds (separate statistics of different shares, the same below) have risen in the past month, with the number of funds up more than 10 per cent, of which 52 funds are up more than 20 per cent, including a number of QDII funds with heavy positions in Hong Kong stocks and US stocks.

Specifically, Changxin Global Bond Fund, which ranked first in terms of growth, has seen its shares of US dollars and renminbi both rise by more than 30 per cent in the past month. A number of Hong Kong stock QDII funds that followed also rose more than 25 per cent, including Bosch Hang Seng Technology ETF connection A managed by Wanqiong, Huatai Perry Fang Ying Hang Seng Technology ETF managed by Liu Jun, Huatai Perry Asia Enterprise managed by he Qi, Huaxia Hang Seng Internet Technology ETF managed by Xu Meng, and Castrol Hang Seng Technology ETF, Hua an Hang Seng Technology ETF, Yi Fang Da Hang Seng Technology ETF.

In terms of QDII funds, there is also no shortage of varieties that have risen more than 20%. For example, BoCom's overseas Chinese Internet rose 23.48% in the past month, while Castrol's global Internet dollar spot exchange rate rose from a slight drop of 0.24% in the past three months to a sharp increase of 22.97% in the past month.

According to the fund's third quarterly report, the scale of stock assets invested in the US market is the highest, accounting for 47.5% of the fund's net asset value. the top 10 US stocks are Pinduoduo, JD.com Group, BABA, KE Holdings Inc.-W, Futu Holdings Limited, New Oriental Education & Technology Group and other Chinese stocks.

Similarly, funds such as GF China Securities overseas China Internet 30ETF, Yi Fang Da China Securities overseas Internet ETF, China Merchants China Securities Global China Internet ETF and other funds that invest in overseas Internet Chinese stocks have all increased by more than 20% in the past month.

Throughout the market, in fact, Chinese stocks began to stage a big counterattack as early as November. Take the Nasdaq China Golden Dragon Index, which covers 65 US-listed Chinese companies, rising 42.13% in November alone and more than 45% from early November to December 5.

The data may support the Fed to slow down and raise interest rates.

The recent recovery of equity assets in markets such as Hong Kong and the United States has led to a rise in the net worth of QDII funds. In terms of stages, QDII funds are the best performing products in the market in the near future. This is related to changes in the economic fundamentals of various countries, especially the changes in the level of inflation in the United States and the pace of interest rate increases by the Federal Reserve, which have improved to some extent recently. " A public investment researcher said to the Chinese reporter of the securities firm.

Specifically, overseas markets are increasingly expecting a gradual decline in inflation and a slowdown in interest rate increases. Although US non-farm payrolls data and hourly wage growth are still strong, the impact on the market has been significantly weaker than before. Last week, U. S. bond interest rates and the dollar index fell, while U. S. stocks still closed higher.

The Bosh fund observed that the s & p 500 rose 1.13% between November 28 and December 2, and most of the 11 industry sectors covered rose. Behind this, the current labor market in the United States is still strong and faces the problem of mismatch between supply and demand. According to the data, the United States added 263000 non-farm payrolls in November, much higher than the expected figure of 200000. The unemployment rate remained unchanged at 3.7%, in line with expectations.

In addition, the number of weekly first-time jobless claims in the United States decreased to 225000, lower than the market expectation of 235000 and the previous value of 240000, but the number of people receiving unemployment benefits continued to increase; hourly wages increased year-on-year and month-on-month growth rates increased, and the average hourly wage in November increased by 5.1% year-on-year, higher than the expected value of 4.6%. The average hourly wage grew by 0.6% month-on-month, higher than the expected 0.3% and the previous value of 0.5%, reflecting that the mismatch between supply and demand in the labor market is still serious.

In response to the change in the pace of Fed interest rate increases, the Nuoan Fund believes that a number of important US data have been released recently, including PCE inflation data in October and labour market data in November, or support the Fed to slow down the rate hike, but it is too early to suspend the rate hike. Us PCE price data for October, for example, showed signs of slowing down, but are still at a high level. Powell's analysis of the individual movements of the core PCE suggests that there are some signs of improvement in inflation and that the time to slow down the pace of rate hikes could come as early as the December meeting.