Wells Fargo two bond funds to fight the new was stock and bond double play

nearly a year of rich countries to optimize the enhanced net worth fell over 8%, Wells Fargo convertible bonds net decline in the penultimate

■ Express reporter Chen Wei

for the effective control of institutions in the IPO process of inquiry offer, regulators frequently action. However, the offer of new shares issued from this year, despite the new shares frequently break, the management has repeatedly prompted to play the new speculation of a new "market" risk, but still can not stop the fund for new shares "love", the funding agencies offer The phenomenon has always been high.

from the past performance, and actively participate in the purchase of IPO shares and the placing of fund performance failed to bring much benefits to the fund holder, turned out to be the main reason for the collapse of a drag on fund performance to the rich playing the most active Wells Fargo Fund (Confucius News) companies optimize enhanced with the rich countries of convertible bonds this two debt-based, for example, nearly a year net decline even up to 8%, Wells Fargo convertible bonds for nearly a year decline in net worth even more than 10 percent of their net worth decline among similar funds in the penultimate.

17 to participate in the Wells Fargo Department to fight the new fund, the most interesting is the optimization of enhanced rich and the rich convertible bonds these two debt-based. As bond funds, the net performance of the two funds are actually catching up with stock funds. Net of two bond funds fell more than 8%, which has become a typical representative of the last year since raised funds suffered double play of the stock and bond.

statistics show that last year the average stock position of the bond funds reached 9.59 percent, while Wells Fargo optimization have enhanced the stock position the highest over 18%. Therefore, when suffered a unilateral down last years stock market risk, the net debt-based to a substantial loss in the offing.

a fund industry insiders told reporters, it is at the end of the stock market judgment is wrong, too "optimistic about the stock market or playing the new strategy has not changed, making the above-mentioned Funds loss on the equity asset class, in order to drag the net. Higher position of the stock of new shares, the net under a larger loss of bond funds last year was the end of six years in a row unbeaten record and an overall loss of reason.

a bond fund manager of Guangzhou New Express reporter, said fund companies often greater pressure to perform, the bond funds main investment direction for the fixed-income products mainly rely on traditional investment approach is more difficult to over-income. If you want to make the excess performance better than their peers, we must rely on enhanced means to purchase the equity asset class. According to the Genius data, the 2011 to the present, the rich optimized to enhance the convertible bonds and the rich, respectively Placing shares under the net 12 times and 13 times the records, including Beijing Express, rivers, curtain wall, Solarfun homologous oil and other six stocks the depth of the break. The bond fund manager, told reporters stressed that unless the big opportunity of the uncertainty of the stock market, bond fund investors should still be "honest" return to the sound essence, if you do pure bond varieties of investment, the year the yield is not high, But there are also 4% -8% return, the volatility of the debt-based performance will be smaller without incurring a substantial loss. The

announcement shows that the rich countries to optimize the enhanced fund manager Zhong Zhilun rich convertible bond fund manager for the Yang Guibin. Fund sector analysts believe that the bond funds of more than 8% of the net decline of this is not normal, by different fund managers, bond funds and a fund company crash the net worth investors wary.

rich fund madness playing new behind the injured is more than just Zhongzhi Lun and Yang Guibin?

Zhongzhi Lun

former Ping An Securities (the Confucius News) department manager, researcher of the new century, the investment manager of Hai Tong Securities (Confucius News); Ren Fuguo Fund Notes researcher in May 2005; Ren Fuguo in June 2006 to March 2009 day fund managers; since October 2008 Ren Fuguo Tianfeng fund managers; optimized to enhance the fund manager in June 2009, serves the rich.

Yanggui Bin

joined Wells Fargo Fund in September 2005, Li Ren Fuguo Fund Notes researcher, policy analyst; to Ren Fuguo day fund managers in March 2009 to June 2010; Ren Fuguo days niche Fund Manager from September 2009; 2010 December, part-time Wells Fargo convertible bond fund managers.

optimization of enhanced rich and the rich of convertible bonds to play a new record

Fund Code Fund Name Stock Code Stock Name allotted shares (million shares)

100037, China optimization of enhanced rich C 002 648 satellite petrochemical 40

100037, China optimization of enhanced rich C, 601 100 Hengli fuel tanks 31.4018

100037, China optimization of enhanced rich C, 601 908 Beijing Express 3.6334

100037, China optimization of enhanced rich C, 601 233 Tong Kun shares 134

100037, China optimization of enhanced rich C, 300 186 Huanong 88

100037, China optimization of enhanced rich C 300 164 Tongyuan oil 85

100 035 Wells Fargo optimized to enhance the A / B 002 648 satellite petrochemical 40

100 035 Wells Fargo optimized to enhance the fuel tanks of the A / B 601.1 thousand Hengli 31.4018

100 035 Wells Fargo optimized to enhance the A / B, 601 908 Beijing Express 3.6334

100 035 Wells Fargo optimized to enhance the A / B 601 233 Tong Kun shares 134

100 035 Wells Fargo optimized to enhance the A / B 300 186 Huanong 88

100 035 Wells Fargo optimized to enhance the A / B 300 164 Tongyuan oil 85

100 051 Wells Fargo Convertible Bonds 601,336 Xinhua Insurance 1.7488

100 051 Wells Fargo Convertible Bonds 601 928 Phoenix Media 39.892

100 051 Wells Fargo Convertible Bonds 601 100 Hengli fuel tanks 31.4018

100 051 Wells Fargo Convertible Bonds 601,669 Chinese hydropower 916.7653

100 051 Wells Fargo Convertible Bonds 601 633 Great Wall automobile 128.5897

100 051 Wells Fargo Convertible Bonds 601 908 Beijing Express 14.5337

100 051 Wells Fargo Convertible Bonds 601,886 rivers curtain 5.1673

100 051 Wells Fargo Convertible Bonds 601 789 Ningbo Construction 26.096

100 051 Wells Fargo Convertible Bonds 002,610 Icahn Technology 125

100 051 Wells Fargo Convertible Bonds 601 636 flag Bin Group 50.8064

100 051 Wells Fargo Convertible Bonds 601 222 Linyang electronic 55.147

100 051 Wells Fargo Convertible Bonds 002 596 Hainan RAJ 85

100 051 Wells Fargo convertible bonds the 601,798 LandTek high-tech 36.4163