Wells Fargo AM international funds available to Italian investors
Wells Fargo Asset Management has registered its investment sub-funds under the Wells Fargo (Lux) Worldwide Fund for distribution in Italy to retail investors.
The funds have been registered for sale to institutional investors in Italy since 2008.
To facilitate all retail business, Wells Fargo Asset Management has appointed Société Générale Securities Services S.p.A. as the correspondent bank in Italy.
Wells Fargo Asset Management fund range available in Italy:
- China Equity Fund
- Emerging Markets Equity Fund
- Emerging Markets Equity II Fund
- Emerging Markets Income and Growth Fund
- Global Equity Fund
- Global Opportunity Bond Fund
- Precious Metals Fund
- US All Cap Growth Fund
- US Dollar Short-Term Money Market Fund
- US High Yield Bond Fund
- US Large Cap Growth Fund
- US Premier Growth Fund
- US Short-Term High Yield Bond Fund
The funds are also registered for sale in Austria, Finland, France, Germany, Ireland, Luxembourg, The Netherlands, Norway, Sweden, Switzerland, United Kingdom and Asia.
Ludger Peters (pictured), managing director, international business development, Wells Fargo Asset Management, notes: “We believe further expansion into the European asset management marketplace, which has an approximate market size of $18.4trn and a growth rate markedly faster than that of North America, is the logical next step for our growing international fund lineup.”
“European investors are responding well to the complete autonomy of our fund managers, the multiple layers of risk management and oversight that we apply to the business, and our strong focus on product transparency.”
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