Wells Fargo Asset Management launches US Select Equity Fund

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Wells Fargo Asset Management has launched the US Select Equity Fund as a new sub fund to its Luxembourg domiciled Wells Fargo (Lux) Worldwide Fund, which will provide a style neutral all cap strategy.

The new fund will be managed by Chicago based Richard Weiss and his US equity team. Weiss is a managing director and senior portfolio manager for the Select Equity team at Wells Capital Management, one of the affiliated investment advisory companies within Wells Fargo Asset Management.

The fund will invest mainly in the equities of some 30-40 US companies of any market capitalisation value, where the team sees opportunity for capital growth. The strategy has been used previously on behalf of institutional investor accounts since inception in December 1996.

Ludger Peters, managing director, international business development, Wells Fargo Asset Management said:  “We are pleased to offer US Select Equity to our growing international client base and to diversify our product lineup by adding a fund with substantial exposure to US securities across the market capitalisation spectrum. Led by a proven veteran manager, we believe this opportunity will reach capacity very quickly.”


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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