Wells Fargo AM launches emerging markets share class

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Wells Fargo Asset Management has launched a new share class for UK investors of the Wells Fargo (Lux) Worldwide Emerging Markets Equity Income fund.

In response to investor demand for funds with the potential to provide greater dividend yields, the company now offers a British pound sterling–denominated gross distributing institutional share class of the fund.

Distribution of gross income means fees and expenses are applied to capital rather than income, resulting in a higher distribution to shareholders. This approach may be attractive to investors who seek to maximise income.

About the Emerging Markets Equity Income Fund

  • The fund, managed by Anthony Cragg and Alison Shimada, invests principally in dividend-paying emerging markets equity securities.
  • It seeks companies with a sustainable high dividend yield and good growth profile backed by strong company financials and fundamentals, including above-average sales and earnings growth, competitive advantages, and capable management.
  • It employs both a top-down strategy, which takes account of overall economic and market trends in each country, and a bottom-up strategy in which the team uses fundamental research for security selection.

Ludger Peters, managing director, international business development, Wells Fargo Asset Management: “We are pleased to offer a gross distributing share class for the Emerging Markets Equity Income Fund to UK investors looking for yield. It reflects our culture of listening to clients and offering the products they want and need as they strive to reach their financial goals”.

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