尤霏霏 制图 Especially mornings drawing

　　⊙本报记者 丁宁

DingNing ⊙ our reporter

　　下半年以来海外市场出现强劲反弹，在此推动下，上半年表现平平的QDII基金净值大幅跃升，跑赢同期投资A股市场偏股型基金。那么，海外市场升温能够维持多久，现在是出海抄底的好时机吗，面对日益丰富的QDII基金产品，投资者又会做出什么样的选择呢？

Since the latter half of the overseas market appear strong rebound,In the promoted by,The first half performance QDII fund net value jumped dramatically,Run to win over the same period investment A share market partial shares fund.so,The overseas market warming can maintain how long,Now is a good time to copy the bottom,Facing the increasingly rich QDII fund products,Investors and make what kind of choice?

　　上周，中国证券网进行了题为“下半年以来海外市场持续回暖，QDII基金净值大幅跃升。目前时间点您看好哪种主题QDII基金”的网络互动调查，结果显示，尽管近期QDII业绩表现抢眼，但受历史业绩的影响，投资者对于相关产品的“疑虑”依然存在，近四成投票者即便在当下行情回暖势态下依旧选择暂时观望。

Last week,The China securities network on the topic"Since the latter half of overseas markets continue to milder,QDII fund net value jumped dramatically.At present time point you optimistic about what kind of theme QDII fund"Network interactive survey,Results show that,Despite recent QDII performance grab an eye,But the influence of the performance by history,Investors for related products"doubts"Still exist,Nearly forty percent of voters even in the present market warmer trend still choose under temporarily wait-and-see.

　　数据统计显示，有2180名网友投票选择了“不看好QDII投资时点，暂时观望”，选择该选项的网友人数占所有参与投票总人数的39.57%，近四成投票者表态暂时与QDII基金“保持距离”，显示相关产品的市场人气有待提高。

Data statistics show that,There are 2180 online voting choice"Do not expect at QDII investment,Temporary wait-and-see",Choose this option net number of all participants in 39.57% of the total number of votes,Nearly forty percent of voters declare temporarily and QDII fund"Keep at a distance",Display related products need to further improve the market popularity.

　　而在其余选择借道QDII基金“出海”的投票者当中，选择“主投美国等成熟市场主题基金”的有1584人，选择该选项的网友人数占所有参与投票总人数的28.75%；有1092名网友投票选择了“房地产、黄金等资源类主题”，占投票总数的19.82%，还有653名网友投票选择了“新兴市场主题类”，占比11.85%。

And in the rest of the choice tailgating QDII fund"sea"Among voters,choose"Pitch the United States and other mature markets theme fund"With 1584 people,Choose this option net number of all participants in 28.75% of the total number of votes;There are 1092 online voting choice"Real estate/Gold resources such theme",Accounted for 19.82% of the total vote,There are 653 online voting choice"Emerging market subject class",Accounted for more than 11.85%.

　　“投资QDII基金的意义在于，将资产进行全球化配置，进一步分散组合风险。因此，从资产配置的角度出发，在组合中配置一定比例的QDII基金，能有效降低组合收益率的波动性。” 招商证券(600999,股吧)基金分析师宗乐表示，全球来看，各国股票市场2012年的走势大相径庭，QDII基金如果能够选对投资区域，则能够获得理想的投资收益。

"Investment QDII fund significance lies in,Will assets allocation of globalization,Further dispersion combination risk.therefore,From the point of view of asset allocation,In the combination of configuration a percentage of QDII fund,Can effectively reduce the volatility of the combination of rate of return." China merchants securities(600999,guba)Fund ZongLe analysts said,Global to see,Countries in 2012 the stock market movements vary widely,QDII fund if can choose the investment area,It can get ideal investment income.

　　海通证券(600837,股吧)王广国也认为，投资者投资权益类资产，QDII基金可以作为资产配置的对象。在其看来，目前国内经济依然处于下行态势，配置QDII基金可以平衡风险波动。

Haitong securities(600837,guba)WangGuangGuo also think,Investor rights and interests kind assets,QDII fund can be used as the object of asset allocation.In its seems,The current domestic economy is still in a downward trend,Configuration QDII fund can balance risk fluctuation.

　　具体到投资品种方面，宗乐表示，在欧债危机不确定性仍然存在的背景下，不建议投资欧元区股票，但一些新兴国家的股票市场仍具投资价值。此外，近期数据表明，美国房地产已逐渐走出谷底，因此可以适当关注那些重点投资于美国权益型REITs的QDII基金。

Specific to investment variety,ZongLe said,In the debt crisis uncertainties still exist background,Do not recommend investment eurozone stocks,But some emerging countries of the stock market is still valuable.In addition,Recent figures show that,The United States real estate has gradually out of the valley floor,So may be appropriately concerned about those key investment in the United States equity REITs type of QDII fund.

　　而王广国则更为看好美国市场。他表示，目前美国经济复苏虽然一波三折，但是温和复苏趋势明显；而新兴市场的经济仍处于衰退趋势。因此未来仍建议关注主要投资美国市场的QDII基金。“与A股市场相关度低的跟踪美国指数例如纳斯达克100、标普500、标普100以及跟踪奢侈品指数的等一些被动投资的QDII可以长期关注”。

And WangGuangGuo is more valued the American market.He said,At present the United States economic recovery although full of twists and turns,But moderate recovery trend obvious;While emerging market economy still in decline trend.Therefore the future is still the main investment Suggestions focus on the market of the QDII fund."And A share market low correlation tracking the index such as nasdaq 100/S&p 500/S&p 100 and tracking luxury index and so on some passive investment QDII can long-term concern".

　　基金专家与读者互动

Fund experts and readers interaction

　　每周四14：00-15：30

Every 14:00-15:30

　　你有什么话题，欢迎来信告诉我们

Do you have any topic,Welcome letter from the tell us

　　E-mail:xiewg@ssnews.com.cn

E-mail:xiewg@ssnews.com.cn