summary
The recent volatility of the A-share market has intensified, on the one hand, the market hotspots are frequently switched, the plates continue to rotate rapidly, and the hot spots are "coming and going, and going in a hurry", and a series of extreme operations are inevitably confusing. On the other hand, the market trading heat remained high, and the turnover of the Shanghai and Shenzhen markets exceeded 1 trillion yuan for the 27th consecutive trading day. Investors' enthusiasm for buying has not diminished, but buying equity Bo income or buying fixed income to seek stability has become an anxiety point.
But The steady return of Fuguo has brought investors a worry-free solution: it has submitted a bright answer in the volatile market through flexible combination of equity and debt, and the combination of two fund managers has joined forces to fight a good combination. Since its inception in September last year, as of August 13, both types of shares have obtained a yield of more than 12%, and the benchmark yield in the same period was 2.63%, surpassing the benchmark by more than 3.5 times, outperforming the Shanghai Composite Index and the Partial Debt Hybrid Index in the same period, and truly achieving fixed income "+".
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In the structural market, the guest officer must have found that money is becoming more and more difficult to earn, so why not turn your attention to "fixed income +"? Here, Fuer solemnly recommends to all the guests this "fixed income +" product that is not afraid of the shock market - Fuguo stable return 12-month holding period (Class A code 010029/C code 010030), stocks, bonds mixed, both low volatility, profitability and liquidity, you like it has.
<h1 class="pgc-h-arrow-right" Data-track="18" > how is the performance? More than 3.5 times more than the benchmark! </h1>
Perhaps everyone still clearly remembers that after the Spring Festival this year, A shares were green, and the CSI 300 index was tragically "cliff-like" down. Yuan Qi was seriously injured, and he has not been able to recover from the eleventh and seconds.
After a brief two-week correction, the performance of The Wells Fargo Steady Forward Returns not only stabilized rapidly, but also reached new highs: since its inception on September 7, 2020, as of August 13, 2021, the data reviewed by the custodian shows that the net value growth rate of the Rich Country Steady Advance Return Class A share is 12.46%, the performance comparison benchmark yield is 2.63%, exceeding the performance benchmark by 3.74 times; the growth rate of the Net Value C of the Wells Fargo Steady Progress Return is 12.04%, and the performance comparison benchmark yield is 2.63%. Exceeded the performance benchmark by 3.58 times, and the excess return was significant.
The steady progress return of Fuguo is not only significant relative to the performance benchmark excess return, but also outstanding relative to the large-cap and partial debt hybrid index. Taking the performance of Wells Fargo Stable Advance Return A since its inception as an example, as of August 13, 2021, it outperformed the shanghai composite index, the CSI 300 index, and the partial debt hybrid fund index yield, and as a representative of the well-known "Easy Yang" combination of well-known fixed income in Rich Country, it showed a strong "+" ability.
Note: The net value growth rate data is reviewed by the custodian; the performance comparison benchmark, CSI 300, Shanghai Composite Index, and Partial Bond Hybrid Fund Index yield data for the same period are from wind, as of 2021-08-13. The 12-month holding period of Wells Fargo Steady Forward Return was established on September 7, 2020, Yi Zhiquan became the fund manager from the same day, and Zhang Shiyang became the fund manager from September 8, 2020, and since its inception to 2021-06-30, the growth rate of class A share net value and performance benchmark return is 8.54% (3.08%); the growth rate of class C share net value and performance comparison benchmark return is 8.19% (3.08%). Past performance of the Fund does not constitute a guarantee of future performance.
Not only can it flexibly capture the opportunity for A-share growth, but also help investors hedge the risk of decline, through the shock market, and the steady return of Fuguo has achieved "attackable and defensive" to a certain extent. So the question arises: how to create such a comfortable holding experience? And listen to Fu'er from the two aspects of product design and fund management, to you one by one ~ ~
<h1 class="pgc-h-arrow-right" data-track="83" > equities + debt = reasonable returns + lower volatility</h1>
But don't forget, as a classic of "fixed income +", The pursuit of stable returns in Rich Country is: the annualized yield is in the range of 5% to 10%, and the ratio to the largest drawdown in history is greater than 2, which is the Kamma ratio that fund managers value↓
One of the metrics I'm most concerned about is the karma value, which is the fund's annualized rate of return divided by the maximum drawdown. If this ratio can reach more than 2, you can select the 'fixed income +' product with the appropriate risk-reward ratio.
——Yi Zhiquan
In order to achieve this, Rich Country's steady returns are based on fixed income assets, using the inherent characteristics of low risk and low volatility of bonds to strive to create absolute returns for investors; at the same time, equity assets are included in the portfolio and strive to play a role in thickening returns.
Fuguo's stable return on bond positions is not less than 60%, and equity positions are not higher than 40%, so its risk-return characteristics are obviously different from partial equity and pure debt funds, but it is an organic combination of the two: it does not target unilateral high returns, but is committed to finding a balance between moderate investment returns and reasonable drawdown control. Retain the stability of bond assets, combined with the aggressiveness of stock assets, promote a good correlation effect between stocks and bonds, so as to iron out the fluctuations of the yield curve and strive to achieve the investment effect of "1+1>2".
<h1 class="pgc-h-arrow-right" data-track="84" > reliable fund managers</h1>
Excellent product performance is inseparable from the excellent investment management ability of fund managers. Fuguo Steady Progress Return adopts a dual fund manager system, which is jointly managed by Yi Zhiquan and Zhang Shiyang. That's right! It is also the familiar "Yi Yang" combination.
Zhang Shiyang, with 10 years of experience in the securities industry, investment experience of more than 6 years, 1 year of fund investment management experience, after 9 years of fixed income investment and research accumulation, thick accumulation, out of the mountain management of the first public fund products, that is, the rich country steady return, not shot is already, a shot is "boutique".
A credit researcher, he specializes in risk identification and risk management. Based on the outstanding pricing ability of the whole market credit products, as well as the comprehensive and in-depth research on investment targets, Alpha pursues the middle and high grade credit bonds; and uses it as a "safety cushion" for interest rate betting, superimposing the bold exposure of interest rate duration. Zhang Shiyang believes that doing a good job in the risk control of interest rate bonds and credit bonds, even if there is systemic risk in the market, it is also possible to ensure that the portfolio has better liquidity and drawdown control.
The bond investment part of Fuguo's steady returns, managed by Zhang Shiyang, a senior veteran of fixed income credit research, uses bonds to build a solid foundation for basic assets, providing a solid backing for the yield of "fixed income +" products.
If you want to do a good job of "fixed income +", the "+" part is also very important. Yi Zhiquan, responsible for the equity investment part of Fuguo's steady return, provides a "spear" for "fixed income +" investment, and effectively thickens the income elasticity of products.
Yi Zhiquan, with 15 years of experience in securities industry and more than 5 years of fund management experience, Yi Zhiquan has managed social security accounts in bear markets at the beginning of investment management, and forged an investment framework of "large-scale asset allocation" under the strict requirements of absolute returns. Yi Zhiquan has experienced money shortages, stock markets and deleveraging bear markets, and with the accumulation of experience, the dimension and level of controlling the downside risk of equity assets have become more and more perfect.
First of all, indicators such as equity positions, individual stock concentration, and industry dispersion can a priori judge the risk exposure level of the stock portfolio; in addition, it is necessary to strictly control the quality of individual stocks and build the underlying underlying assets. Under the premise of controlling risks, we strive for reasonable returns by choosing really good companies.
It can be seen that whether it is Yi Zhiquan, a veteran who is "good at attacking and defending", or Zhang Shiyang, the "leader" of credit research, strict risk control is the first priority of investment, which brings direct feelings to investors: strive for absolute returns + lower drawdown!
Released in September 2020, it has crossed the full correction of the one-sided upward fiery market and the cooling of the heat, and in the current shock market of ups and downs, the significant advantage of the steady return of rich countries may continue to be interpreted.
Yi Zhiquan + Zhang Shiyang, strong and strong, both offensive and defensive, and jointly calmly cope with the future market ups and downs.
Strive for "stability" in the "advance", rich country steady return 12 months holding period hybrid type (fund code: A class 010029; C class 010030), this rich country fixed income classic, do not pick it?
【Risk Warning】
Dear Investors,
Funds are risky and investments need to be done with caution. This product is issued and managed by Wells Fargo Fund, and the distributor does not assume the responsibility for investment, redemption and risk management of the product. Past performance of the Fund is not indicative of future performance. Investors should carefully read the fund legal documents such as the Fund Contract and the Prospectus to understand the risk-return characteristics of the fund, and judge whether the fund is compatible with the investor's risk tolerance according to its own investment objectives, investment period, investment experience, asset status, etc. The fund manager undertakes to manage and use the assets of the fund in good faith, diligence and responsibility, but does not guarantee that the fund will be profitable, nor does it guarantee a minimum return. The fund manager reminds investors of the principle of "buyer's own responsibility" for fund investment, and after making investment decisions, the investment risks caused by changes in the operation status of the fund and the net value of the fund shall be borne by the investors themselves. The Fund sets a minimum holding period of 12 months for each Fund Share, and investors will face liquidity constraints due to the inability to redeem or sell the Fund Shares. The Fund may invest in the underlying stocks of the Hong Kong Stock Connect and will bear the unique risks caused by differences in the investment environment, investment targets, market systems and trading rules under the Hong Kong Stock Connect mechanism. When investors purchase fund products, they may either share the income generated by the investment of the fund according to the shares they hold, and may also bear the losses caused by the investment of the fund.