San Francisco-headquartered Wells Fargo Asset Management has increased its European footprint by distributing its investment sub-funds under the Wells Fargo (Lux) Worldwide Fund, in Norway.

The move is part of the firm’s growth strategy to develop its international offerings and will offer Norwegian investors a range of investments from the firm’s portfolios.

“We believe further expansion into the European asset management marketplace, which has an approximate market size of $2.9 trillion[vi] and a growth rate markedly faster than that of North America, is the logical next step for our growing international fund lineup,” said Ludger Peters, managing director of international business development at Wells Fargo Asset Management.

Although the entire fund range is new to Norway, some of the funds have a track record in other European countries since 2008, in addition to six funds which were launched in July 2012.

“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,” added Peters.

The fund range available in Norway includes the 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[v], US Dollar Short-Term Money Market Fund, US High Yield Bond Fund, US Large Cap Growth Fund, US Premier Growth Fund and the US Short-Term High Yield Bond Fund.

Wells Fargo Asset Management currently has $460 billion in global assets under management.