The "Yi Yang Combination" is another masterpiece, and the rich country credit return is in the hot release of the 12-month holding period

Entering October, the A-share market continued to fluctuate, and the yield of active equity funds continued to narrow, and the doubling base that had been frequently seen before disappeared in the performance rankings. A number of public offerings believe that the market shock in the fourth quarter may still be the main theme, in this context, "fixed income +" has attracted more and more attention from investors. During the year, the public offering actively laid out the "fixed income +", how can investors choose their own "fixed income +" new products among the many new bases? Yi Zhiquan, senior equity fund manager of Wells Fargo Fund, said that investors can first determine whether they need "fixed income +" products according to their own risk-return preferences, and then select "fixed income +" products from four dimensions, one of which is the past performance of other "fixed income +" products managed by fund managers.

It is reported that as the backbone of the "fixed income +" investment team of Wells Fargo Fund, the "Easy Yang Portfolio" composed of Senior Equity Fund Manager Yi Zhiquan and Zhang Shiyang, General Manager of credit research department, has recently partnered again and launched a new product on October 13 - Wells Fargo Credit Rewards 12 Months Holding Mix (main code: 013678). According to the data, the product as another masterpiece of the powerful combination of the two fund managers, the proportion of stock investment is less than or equal to 40% of the fund's assets, and at the same time, it pays great attention to the management of credit risk, relying on the powerful investment research platform of Wells Fargo Fund, and is committed to creating a balanced experience for investors to stabilize fluctuations and thicken returns.

The "Easy Yang Portfolio" should be no stranger to investors who pay attention to the "fixed income +" investment team of Fuguo. Yi Zhiquan, who is responsible for stock investment, has 15 years of experience in securities industry and 9 years of investment management experience, with rich experience and diversified investment strategies, with social security portfolio, large collection of securities companies, small collection of securities companies, flexible allocation of special accounts, principal-protected banks, and public fund investment experience, and at the same time has in-depth research on different assets such as stocks, stock index futures, convertible bonds, funds and so on. Zhang Shiyang holds a bachelor's degree in chemistry from the University of Science and Technology of China and a doctorate in atomic physics from Tsinghua University, with more than 9 years of securities experience and 6 years of investment management experience, joined Wells Fargo Fund in 2016, and is currently the general manager of the fixed income credit research department of Wells Fargo.

In this year's market environment, the proposed fund manager Yi Zhiquan believes that the stock market volatility is larger, for individual investors, the better strategy is to do a large class of asset allocation: through the allocation of certain equity assets and certain fixed income assets, so as to avoid some fluctuations in the stock market to some extent, to obtain fixed income assets relatively more stable income, which is also the original intention of designing "fixed income +" products.

At the same time, Zhang Shiyang believes that bond funds have less volatility than equity funds, and at the same time have a relatively sustained coupon income, which can strive to bring more stable returns to investors in the long run. However, if the credit risk cannot be managed well, then the bond fund may also have a large drawdown, resulting in permanent losses, and only by controlling the credit risk can investors have a long-term smoother income experience.

According to the data reviewed by the custodian bank, as of September 13, 2021, the "fixed income +" masterpiece jointly managed by the two people, the 12-month holding period hybrid of The Wells Fargo Steady Progress Return, has grown by 18.89% in the net value of the Class A share since its inception on September 7, 2020, and the benchmark yield of the performance comparison for the same period is 2.63%, and the excess return is more significant.

The power of the investment platform behind the new fund, Wells Fargo Credit Returns 12 months hold (main code: 013678), cannot be ignored. As one of the "old ten" fund management companies in China, Wells Fargo Fund currently has more than 40 researchers in the equity investment team, with an average working experience of more than 7 years, and has achieved full coverage in key industry research. The fixed income team took the lead in the industry to build a three-level credit risk prevention and control system under the credit evaluation committee, credit research department and fund manager responsibility system to filter out risks for investment. The new product also sets a minimum holding period of 12 months for each fund share, focusing on medium- and long-term investment value through a one-year holding period, and striving for sustained and stable long-term returns for holders.

This article originated from Capital State