Wells Fargo Asset Management registers sub-funds in Switzerland
Wells Fargo Asset Management has increased its European footprint with the registration of its recently launched sub-funds under the Wells Fargo (Lux) Worldwide Fund for distribution in Switzerland.
The sub-funds offer Swiss investors a range of investments from experienced portfolio managers whose investment strategies have been unavailable in this market.
Some of the sub-funds have been previously offered in Switzerland but these offerings have now been complemented by an additional six sub-funds launched in Luxembourg in June 2012 which are now available in Switzerland.
Wells Fargo (Lux) Worldwide Fund sub-fund range available in Switzerland:
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
Andrew Owen, executive vice president, Wells Fargo Asset Management, says: “We believe that Europe, which has approximately EUR14trn in assets under management and is one of the most important regions for wealth creation, is a natural place for Wells Fargo to continue to grow our international fund line-up.
“In the past 18 months, we have witnessed meaningful growth in both assets and clients investing in our existing fund range. The registration of our funds for distribution in Switzerland 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.
“The new funds give us an opportunity to showcase some of the best talent we have through investment products that we believe will provide investors with excellent diversification for their portfolios.”
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