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US Asset Manager Expands European Footprint
Sandra Kilhof
24 September 2013
San Francisco-headquartered 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, 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.