Wells Fargo Fund: We don't care whether the index will rise tomorrow

Yesterday afternoon, Wells Fargo Fund held a high-level investment report meeting in Chengdu. Dr. Xie Wei, the deputy general manager of the company, and Mr. Song Xiaolong, the two fund managers of Tianrui Handing, gave vivid reports to investors. They pointed out that in recent years, the reason why funds can make money not only in bull markets, but also in bear markets is that they have always pursued the concept of value investment. Research on investment strategies based on time selection, balanced allocation and risk management has become the magic weapon for companies to win.

　　 No black horse, just white horse

Song Xiaolong said that value investment is to see whether the goods are worth it. Although we only have a few yuan to buy vegetables on the street, we all have to bargain with each other to see whether the goods are worth it. But when some investors buy stocks, they throw tens of thousands or hundreds of thousands of dollars into the stock market based on just a piece of gossip, regardless of the company's value, which is very irrational. He said that he once met the boss of a listed company. Although the quality of the company was very poor, investors still kept buying the company's shares. The boss said that investors were really stupid. "Our company is going to die, and they are still desperately buying", which tells us why these investors will eventually lose money.

The key to value investment is to choose companies that are worth the money, so the research on listed companies should be put first. In this round of sharp decline, ordinary investors suffered heavy losses, but the net value of fund units under the rich flag also reached a new high, the key is the heavy position stocks Guizhou Moutai 、 Shanghai Pudong Development Bank Set a new high. In a word, as long as good investment varieties are selected, we are not afraid of the decline of the index. Dr. Xie Wei said that I never pursued a dark horse. I never believed that crows would become phoenix, nor that bad people would become good people all of a sudden. Although this miracle occasionally occurs, if this strategy is followed, the probability of success will be very low. As a result, I lost nine times in order to earn the last time. On the whole, I still lost.

　　 The stock index falls sharply and the position is still full

In the face of the current decline in the stock market, some investors asked whether Wells Fargo's funds were reducing their positions. Dr. Xie Wei made it clear that the company's funds currently generally maintain 90% positions without reducing their positions. He said that investors give us money to invest, if we don't buy

As for the future development, Song Xiaolong, the fund manager, believes that the basic conditions for supporting the bull market in China's stock market have not changed, and investors should also feel it personally

Reporter Liu Gang