Under the impact of the epidemic, the global economy has been shaken, many kinds of assets have shrunk, and US stocks have even experienced many circuit breakers. At a time when the global market is extreme due to uncontrollable factors, those who withdraw smaller investment targets are more likely to attract investors' attention. "Fullgoal China small and medium-sized growth" is a fund product worth paying attention to.

First, ranking first in the same category, far exceeding the industry benchmark

Both offensive and defensive fund, the past bull and bear markets have outperformed the market ranked at the forefront. In 17 and 19 years of the bull market, they recorded yields of 64.2% and 41.5%, respectively. In the 18 years of the bear market, the decline was 14.4%, which was lower than the index. Affected by the epidemic this year, the return on all kinds of assets has obviously retreated, and according to the company's public information, during the relatively volatile period from the beginning of 2020 to March 18, the Fullgoal China small and medium-sized growth fund withdrew only 6%, ranking in the top 2% of similar funds, which is a rare good foundation and reflects the excellent risk management ability of the investment team.

The fund was established in September 2016The 2020 rate of return is 111.87%. The annualized return of the fund since its inception / from the beginning of the year to the present / one year / two years / three years ranks first among similar funds sold in Hong Kong.. (data as at 31 December 2020)

Under the excellent performance, the fund is professionally recognized and the specific winners are as follows:

• Won in the 10th China overseas Fund Golden Bull Award held by China Securities Journal.

2019 "one-year Taurus overseas China Stock Fund" Award

• Won the 2019 Offshore Chinese Public offering Fund Awards by Bloomberg and the Hong Kong Chinese Fund Industry Association:

"Best Total return-Greater China stocks (three years)" No.1

"Best Total return-Greater China stocks (one year)" No. 1

Second, flexible cash flow management to avoid risks

The fund mainly invests in stocks or stock-related assets of small and medium-sized enterprises in China, Hong Kong or Macau. At the same time, the fund can use Shanghai Stock Connect, Shenzhen Stock Connect and investment manager RQFII quota. At present, 60% of the fund is invested in Hong Kong and the rest in China, the United States and other places.

It is worth noting that the fund does not restrict investment in industries as of December 31, 2020.From an industry point of view, the fund mainly invests in non-essential consumer goods, medical, industrial and other industries.

In terms of fund positions, the top five positions are ANTA Sports Products, Tencent, Haier Smart Home, Ping An Insurance and Sunny Optical.

It is worth noting that under special circumstances, in the event of a market collapse or a major crisis, the fund can temporarily invest up to 100% of its net asset value in current assets (such as bank deposits, certificates of deposit, commercial paper and treasury bills) for cash flow management, a good risk aversion.

Third, relying on the rich country asset management company, the strength is strong

The excellent returns of the fund are inseparable from its management team and the company behind it. Wells Fargo Asset Management (Hong Kong) Co., Ltd., the company behind the fund, is a wholly owned subsidiary of Wells Fargo Fund Management Co., Ltd. (Wells Fargo Fund), which was established in 1999 and is one of the first ten public fund management companies in China. In recent years, the company has repeatedly won fund awards such as China Fund News, China Securities News, Shanghai Securities News and so on.

In terms of the scale of capital management, as of June 30, 2020, the asset management scale of Wells Fargo Fund and its subsidiaries has exceeded 670 billion yuan, and the scale of public assets has reached 295.6 billion yuan (excluding money funds and short-term financial bond funds). Strong background.

As the core investment staff of the fund, fund manager Zhang Feng has been engaged in the securities industry for 22 years and has rich investment experience. Zhang Feng is very optimistic about growing small and medium-sized stocks, and said that the enterprise value is the discounted value of free cash flow in the next 15-20 years, and the damage caused by this epidemic is only temporary and accounts for only a small part of the enterprise value. At the same time, loose liquidity reduces the discount rate, which in turn promotes the further rise of small and medium-sized stocks.

Since joining Wells Fargo in 2011, Ning Jun, a fund manager, has always been guided by bottom-up fundamental research and adopted diversified portfolio and stock value growth strategies. She has long focused on in-depth investment research, in the face of market noise, still adhere to invest in companies with excellent long-term fundamental performance, and investment management performance has been among the best in the industry for a long time.

I believe that the [Fullgoal Rich countries small and medium-sized growth Fund] managed by these two leaders will certainly achieve good results in the future!