Wells Fargo Lux funds available in Norway
Wells Fargo Asset Management has announced the registration of its investment sub-funds under the Wells Fargo (Lux) Worldwide Fund for distribution in Norway.
The development forms part of Wells Fargo’s plans to increase the amount of business it does across Europe.
The manager said the funds now available to Norwegian investors offer access to strategies that may be under-represented. That said, some of the funds have a track record in other European countries stretching back to 2008, with six of them launched in July 2012.
The funds are:
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
Ludger Peters, managing director, international business development, Wells Fargo Asset Management, described expanding into the European asset management marketplace as a “logical next step” given its faster growth rate than that of North America.
“In the past two years, we have witnessed meaningful growth in both assets and clients investing in our existing fund range. The registration of our funds for distribution in Norway will allow clients access to more of our established portfolio management teams and provide them with fund options that have the potential to serve as valuable complements to their existing investments.”
“The new funds give us an opportunity to showcase some of the best talent we have through investment products that we believe will provide investors with excellent diversification for their portfolios. 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.”
“We also offer investors what we consider truly independent investment ideas and research through our thought leadership programme provided by our respected team of top-down investment strategists.”
Wells Fargo Asset Management said it has more than $460bn in assets under management, spread across 35 autonomous investment teams with specialised expertise.
The Wells Fargo (Lux) Worldwide Fund was launched in 2008.