"Yi Yang" combination "Chengyi" is full of Fuguo Chengyi return 12-month holding period mix is about to close

Under the background of continuous market volatility, "fixed income +" strategic funds frequently "go out of the circle" and have received widespread attention from investors. WIND data shows that as of August 13, the total fundraising scale of newly established "fixed income +" funds (including partial debt mixed and mixed secondary debt bases) has exceeded 380 billion yuan this year, and exceeded the total scale of newly established "fixed income +" funds in the whole year last year, and the new products of some fund management companies with excellent equity and debt strength have become "sought-after goods" in the market. It is reported that the "fixed income +" new product Offigo Chengyi Return 12-month Holding Period Hybrid Fund (Fund Code: A12576; C12577) will officially close its fundraising on August 18.

As a type of fund with "debt bottoming and stock enhancement", the "fixed income +" fund determines the proportion of its equity and debt asset allocation from the product attributes, and at the same time, in order to realize the investment concept of "steady progress", the fund manager is required to have a deep understanding and grasp of both the stock and debt markets. In order to accurately grasp the investment opportunities of the two cities of equity and debt, Chengyi Return is planned to be jointly led by Yi Zhiquan, veteran of Wells Fargo Equity Investment, and Zhang Shiyang, general manager of The Fixed Income Credit Research Department of Wells Fargo, to achieve a strong combination, and strive to achieve the effect of "1+1>2" for investors, and transform the research results into a better investment experience.

According to the reporter's understanding, the proposed fund manager Yi Zhiquan has nearly 15 years of experience in securities and funds, more than 5 years of fund management experience, and has a strong sense of risk control in investment, forming an investment style of "controlling risk drawdown and striving for absolute returns". According to the data of the second quarterly report, as of June 30, Since its establishment on August 15, 2018, the net value growth rate of The Wells Fargo Select Growth Blend, as the manager of the originating fund, has a net value growth rate of 147.85%, and the benchmark yield of performance comparison for the same period is 20.21%, achieving an excess return of 127.64%. Zhang Shiyang, the proposed fund manager, is currently the general manager of the fixed income credit research department of Wells Fargo Fund, a doctoral graduate of Tsinghua University, with more than 9 years of experience in the securities industry and nearly 5 years of investment management experience. It has deep credit research strength and is good at risk identification and risk management. The "Yi Yang" combination is not the first cooperation, the two jointly managed the Rich Country Steady Forward Return A, since its inception on September 7, 2020, as of July 22, the net value growth rate was 10.97%, the performance comparison benchmark yield was 3.63% in the same period, achieving a 7.34% beyond the benchmark return.

As one of the "old ten" fund management companies, after years of solid hard work, the overall investment strength of the equity and debt of Wells Fargo Fund ranks at the forefront of large-scale fund management in the industry. According to Haitong Securities data, as of June 30, 2021, the absolute yield of the equity funds under Wells Fargo Fund in the past three years was 126.24%, ranking first among 11 large equity companies; in terms of fixed income, the performance of fixed income funds under Wells Fargo Fund in the past 1 year and 2 years ranked 2nd among fixed income large fund companies.

In fact, as a "steady and progressive" product, the popularity of the "fixed income +" fund stems from the continuous volatility of the equity market on the one hand, and investors' risk aversion has heated up. On the other hand, it comes from the good historical performance returns of such funds. Wind data shows that as of August 13, the partial debt hybrid fund index has risen by 362.09% since the base date (December 31, 2003), with an annualized return of 9.35%. As a stable product, the well-to-do chengyi return that will end on August 18 is suitable for investors with a certain risk tolerance, investment time of more than one year, and optimistic about the fund manager and the overall equity and debt investment strength of wells fargo fund.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.

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