Fund Management
Wells Fargo AM Makes International Funds Available To Italian Investors
Wells Fargo Asset Management registered its investment sub-funds under the Wells Fargo (Lux) Worldwide Fund for distribution in Italy to retail investors as part of its growth strategy to develop its international offerings.
Wells Fargo Asset
Management has registered its investment sub-funds under the
Wells Fargo (Lux) Worldwide Fund for distribution in Italy to
retail investors as part of its growth strategy to develop its
international offerings.
To facilitate all retail business, Wells Fargo Asset Management
has appointed Societe Generale Securities Services SpA as the
correspondent bank in Italy, Wells Fargo said in a statement.
The funds offer Italian investors a range of investments from
experienced portfolio managers whose investment strategies were
unavailable or under-represented in these markets.
Although the entire fund range is new to retail investors in
Italy, some of the funds have a track record in Europe since
2008, complemented by an additional six funds which were launched
in June 2012.
The funds have been registered for sale to institutional
investors in Italy since 2008.
“At $818 billion (€611 billion), Italy is the fourth largest
European fund market, with good potential for growth and
competition. The registration of our funds for distribution in
Italy will allow institutional and retail investors 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,” said Ludger
Peters, managing director of international business development
at Wells Fargo Asset Management.
The Wells Fargo Asset Management fund range available in
Italy includes:
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
