Wells Fargo Asset Management (WFAM) has launched two UCITS, the Global Low Volatility Equity fund and the Global Long/Short Equity fund.
Both funds are sub-funds of the Wells Fargo (Lux) Worldwide fund and are managed by portfolio managers Harindra de Silva, Dennis Bein, and David Krider.
The funds are sub-advised by analytics investors, which WFAM purchased in October of last year, and have now been brought under the US group’s UCITS funds arm.
The Global Low Volatility Equity fund aims to produce returns similar to those of the MSCI World Index. It invests in a diversified portfolio of equity securities across all capitalisation sizes, sectors and industries but with low forecasted volatility.
The Global Low Volatility Equity fund uses a quantitatively based investment process that evaluates multiple fundamental statistical and technical characteristics.
The Global Long/Short Equity fund seeks long-term capital appreciation while preserving capital in down markets. The fund invests at least two-thirds of its total assets in equity securities of companies located in no fewer than three countries, which may include the US.
The fund uses a strategy of gaining long and short exposure in equity securities of issuers in developed markets.
Both funds are available in Austria, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Singapore, Spain, Sweden, Switzerland and the UK. They are also expected to be registered in Hong Kong and South Korea in the future.