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Fuguo "Yiyang" combination pushed the "fixed income +" new work Fuguo Xinxiang return on October 13, the blockbuster debut

author:Securities Market Weekly

The "fixed income +" strategy fund of "debt-based, stock enhancement" has always been defined by the market as a stable wealth management product, and from the perspective of past performance, the "fixed income +" products managed by some excellent fund managers have indeed achieved eye-catching returns on the basis of obtaining more stable returns. According to the data reviewed by the custodian bank, as of September 13, 2021, the "fixed income +" product helmed by two veterans of Wells Fargo Fund, Yi Zhiquan and Zhang Shiyang, the 12-month holding period of Fuguo Steady Advance Return Since its establishment on September 7, 2020, the growth rate of Class A net value has reached 18.89%, and the benchmark yield for performance comparison in the same period is 2.63%, and the excess return is very prominent. It is reported that Yi Zhiquan and Zhang Shiyang will soon join forces again to launch the foundation, and the "fixed income +" new product to be jointly managed by the two fund managers, the 12-month holding period (main code: 013678) of The Return of Wells Fargo Credit, will be officially issued on October 13, and strive to provide long-term and stable investment returns for fund share holders.

In fact, the characteristics of "fixed income +" strategy fund equity and debt double investment, so that it comes with its own asset allocation attributes, dual fund manager system, one responsible for defense, one responsible for offense, and finally achieve the "1 +1>2" investment effect, is the closest to its ideal mode of operation, Yi Zhiquan and Zhang Shiyang is such a group of veritable golden partners.

Yi Zhiquan, the proposed fund manager, has 15 years of experience in securities industry and 9 years of fund management experience, and has managed social security portfolios, large and small collections of securities companies, special accounts for principal-protected banks and other products, with diversified investment backgrounds, and has in-depth research on different assets such as stocks, stock index futures, and convertible bonds. After years of precipitation, Yi Zhiquan has formed an investment style that strictly controls risks and pursues absolute returns. According to the data reviewed by the custodian bank, as of September 13, Yi Zhiquan, as the initial fund manager, managed by Fuguo Zhenxuan, has a cumulative return of 176.71% since its establishment on August 15, 2018, significantly outperforming the 18.49% increase of the performance benchmark for the same period. Zhang Shiyang, the fund manager responsible for bond investment in the new product, has more than 9 years of experience in securities industry, nearly 5 years of investment management experience, and is currently the general manager of the fixed income credit research department of Wells Fargo Fund, with deep credit research strength, good at risk identification and risk management, and holds a bachelor's degree in chemistry from the University of Science and Technology of China and a doctorate degree in atomic physics from Tsinghua University.

It is worth mentioning that the upcoming 12-month holding period of Wells Fargo Credit Rewards (main code: 013678) still adopts the "holding period" model that "Yiyang Portfolio" is good at, that is, each fund share subscribed by investors needs to be held for at least 12 months. On the one hand, the use of the holding period model can encourage investors to hold for a long time, avoid falling into the misunderstanding of chasing up and killing down, and truly make the fund income become the return of the basic people; on the other hand, the relatively stable fund scale is conducive to equity and debt fund managers to practice the concept of value investment, implement the established long-term investment strategy, and strive to achieve the financial goal of investors to maintain and increase their value by increasing the duration of the bond portfolio and selecting high-quality enterprises to obtain excess returns for investors.

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