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reits, another investment haven

2024-09-27

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source: tou ji ji

recently, the shanghai composite index has fallen below 2,800 points, and u.s. stocks have also suffered from the "september curse", and technology giants have suffered heavy losses. the last two months have seen another correction in the bond market, and there does not seem to be much good news in the capital market.

at the same time, with the expectation that interest rates will continue to fall, the market is also facing the problem of "asset shortage". in this adverse environment, investment becomes more and more difficult, and safe and stable assets become very precious.

for example, compared with equity products that are well known to the public, debt funds, overseas commodity funds, gold, and reits, which we may have paid little attention to in the past, have become popular investments this year.

it can be seen from the just-disclosed fund interim report that the net fund subscription scale in the first half of 2024 reached 3.53 trillion, of which 1.9 trillion was based on goods and 1.6 trillion was based on debt, which basically accounted for more than 90% of fund subscriptions in the first half of the year.

among the 238.5 billion shares that had a net increase in the first half of the year, institutional funds were basically buying, and they were basically buying passive indexes. individual investors had a net redemption of -112.3 billion in this type of fund. in addition, the largest net redemption was the mixed base shows how much active equity products suffered in the first half of the year.