Wells Fargo Asset Management (WFAM) has launched Global Multi-Asset Income fund and the Global Factor Enhanced Equity fund, highlighting the company's commitment to developing innovative solutions to help clients achieve their goals.
Both funds, as sub-funds of the Wells Fargo (Lux) Worldwide fund, are Ucits compliant and available to institutional and retail investors.
Global Multi-Asset Income fund launch represents the WFAM Multi-Asset Solutions team's first international fund, strengthening its product offerings and expanding the team's experience and long track record of success onto the global stage. It is managed by WFAM portfolio managers Kandarp Acharya, and Petros Bocray, among others.
Global Factor Enhanced Equity fund is managed by portfolio managers Harin de Silva, Dennis Bein, and Monisha Jayakumar, who all are part of WFAM's Analytic Investors team. It is the fourth international fund offered by Analytic Investors.
Global Multi-Asset Income fund seeks total return, consisting of current income and capital appreciation. The fund is available in Austria, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland and the United Kingdom.
Global Factor Enhanced Equity fund seeks long-term capital appreciation. The fund is available in Austria, Finland, France, Germany, Ireland, Italy (institutional only), Luxembourg, the Netherlands, Norway, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
Global Multi-Asset Income fund seeks to uncover sustainable income opportunities and distribute a stable cash-flow income to investors over each year. The fund has a globally unconstrained opportunity set, targets alpha through active security selection and aims to improve income through dynamic asset allocation. This enables the fund to be relevant and appropriate over time, robust to changes in market conditions and allows allocation to a variety of investment opportunities while managing risk, thereby adding value for investors.
Under normal circumstances, the Global Factor Enhanced Equity fund invests at least two-thirds of its total assets in the common stock securities of companies located in the countries represented in the MSCI World Index which are listed, traded or dealt in on regulated markets worldwide. The Sub-Fund will invest in the securities of companies located in no fewer than three countries, which may include the United States, and may invest more than 25% of its total assets in any one country.