Wells Fargo Asset Management has chosen Fundstore.it, the online platform of Banca Ifigest, to distribute its Sicav sub-funds of the Wells Fargo (Lux) Worldwide Fund for the first time online in Italy.
The following Wells Fargo AM’s mutual funds can be subscribed online through Fundstore’s website:
- 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
Wells Fargo Asset Management mutual funds will be available for subscriptions to retail investors with no subscription costs, redemption or switch.
Ludger Peters, managing director, international business development, Wells FargoAsset Management, commented: “Thanks to the partnership with Fundstore.it we can make our investments accessible to a wider market of Italian retail investors,for the first time through an authorized third party distributor. Our goal is to expand and strengthen our international presence in Europe. In Italy the funds have been registered for the sale to institutional investors since 2008 and provide Italian investors with a range of experienced portfolio managers and unique investment strategies. Some of the funds have a significant track record in Europe that dates back to 2008, while others were launched in June 2012 and registered excellent performances”.
Simone Calamai, CEO of Fundstore.it, added: “We are delighted and honoured for this partnership with Wells Fargo Asset Management, one of the most important players in the world.The distribution agreement will allow Fundstore to sell the top-tier funds of a company leader in the financial services globally. Thanks to skilled asset managers and high level products, Fundstore is growing exponentially over the years and our client is now fully aware of the unique service”.
Fundstore.it offers through its platform more than 140 asset managers partners, and more than 4,500 mutual funds and Sicav.