Report: The total scale of QDII funds in the first half of the year is 4308.89 billion yuan, an increase of 18.0% compared to the end of last year.

Shanghai Securities Releases the Semi-annual Report of the Fund Market for 2024. In the first half of 2024, the overall performance of major overseas stock market indexes was good, with only the French CAC40 index showing a negative return. The Nikkei 225 and Nasdaq indexes had the highest increase, rising by 18.28% and 18.13% respectively. In the first half of the year, the number and size of QDII funds changed. As of June 30, 2024, the total QDII investment amount was $167.89 billion, an increase of $22.7 billion compared to the end of 2023. As of June 30, 2024, there were 250 QDII funds in the market, with a total size of 430.89 billion yuan, an increase of 4.6% in number and 18.0% in size compared to the end of the previous year. Performance Analysis of QDII Funds in the First Half of 2024: Overall, QDII funds performed well in the first half of the year, with an average return rate of 5.72% for the 239 funds included in the statistics, with only REITs QDII funds showing a negative return. Alternative assets - energy commodities QDII funds performed well, with a high increase of 15.29% in the first half of the year, while alternative assets - REITs QDII funds had the lowest return at -1.57%. Sector Allocation Analysis of QDII Funds in the First Half of 2024: In terms of sector allocation, QDII funds primarily invested in Hong Kong and the United States in the first half of the year, with the two together accounting for over 90%, a slight decrease from the end of 2023. The U.S. market was favored by investors, with a market share of 40.52% in the first half of 2024, an increase of 9.99% from the end of 2023. The main reason for this was the continuous high performance of U.S. stock indices, attracting investors' attention and leading to a significant increase in QDII funds' investment in U.S. stocks. Compared to this, investment in the China Hong Kong region accounted for 50.44% of total QDII assets, a decrease of -10.40% from the end of 2023. This was mainly due to slower domestic economic recovery and weaker policy stimulus, which led to a decrease in the attractiveness of the Hong Kong stock market closely related to the domestic market, resulting in an overall reduction in QDII funds' investment in Hong Kong stocks. Industry Allocation Analysis of QDII Funds in the First Half of 2024: In terms of industry allocation, there was not much change overall, with the top three industries in terms of allocation remaining non-daily consumption goods (24.29%), information technology (23.71%), and telecommunications services (22.48%) as of June 2024. Raw materials (1.22%), real estate (1.22%), and utilities (0.68%) ranked lower in QDII funds' industry allocation. In terms of market value, the investment value increased by 12.79% in the first half of 2024 compared to the end of 2023. In terms of holdings changes, there was little change from the end of 2023, with only the information technology, energy, industrial, raw materials, and public utilities sectors seeing an increase in holdings, and non-daily consumption goods seeing the highest reduction.