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Wells Fargo launches Global Focused Equity Fund and US Small Cap Value Fund


Wells Fargo Asset Management has launched the Global Focused Equity Fund and the US Small Cap Value Fund, each a new sub-fund of the Wells Fargo (Lux) Worldwide Fund.

The new funds, which broaden the current product line-up and provide more investment options to investors, are UCITS compliant and available to institutional and retail investors. 
The Global Focused Equity Fund is managed by Dale A Winner, the leader of the EverKey global equity team. The fund invests in equity securities of up to 30 companies located in no fewer than three countries, which may include the US. The management team seeks to add value above the MSCI All Country World Index using bottom-up share selection, based on in-depth fundamental research as the cornerstone of its investment process.
The US Small Cap Value Fund is managed by the Stageline value equity team, led by Garth Nisbet, Craig Pieringer and Jeff Goverman. The fund invests in equity securities of US companies that have a market capitalisation of less than USD2 billion at the time of purchase. The management team practices bottom-up fundamental analysis based on a value/contrarian investment philosophy and believes that inefficiently priced companies have the potential for price appreciation.
Ludger Peters (pictured), managing director, international business development, Wells Fargo Asset Management, says: “We are pleased to offer two new solutions to our international clients, a global equity fund with a concentrated portfolio and a US small-cap fund. Both funds are led by veteran managers and provide differentiated market exposure.”
Both the Global Focused Equity Fund and the US Small Cap Value Fund are available in Luxembourg, Austria, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway Singapore, Spain, Sweden, Switzerland and the UK. In the months ahead, the firm intends to register the funds in Hong Kong and South Korea.

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