The US banking group's asset management arm has expanded its UCITS offering with two new funds. Both are available in Singapore.

Wells Fargo Asset Management has launched the Global Focused Equity Fund and the US Small Cap Value Fund as part of its UCITS range.

The Global Focused Equity Fund is managed by Dale Winner, leader of the firm’s EverKey global equity team. It invests in equity securities of up to 30 companies located in at least three countries, which may include the US. The management team seeks to add value above the MSCI All Country World Index using bottom-up share selection, with a five-year investment horizon.

The US Small Cap Value Fund is managed by the Stageline value equity team, led by Garth Nisbet, Craig Pieringer and Jeff Goverman. It invests in equity securities of US companies that have a market capitalisation of less than $2 billion. The team practises bottom-up fundamental analysis based on a value/contrarian investment philosophy, focusing on inefficiently priced companies.

“We are pleased to offer two new solutions to our international clients, a global equity fund with a concentrated portfolio and a US small-cap fund. Both funds are led by veteran managers and provide differentiated market exposure,” said Ludger Peters, managing director, international business development, Wells Fargo Asset Management.

Both funds are available in Luxembourg, Austria, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Singapore, Spain, Sweden, Switzerland and the UK. In the months ahead, the firm intends to register the funds in Hong Kong and South Korea.