Wells Fargo Asset Management (WFAM) has announced the launch of the Global Equity Absolute Return Fund, a sub-fund of the Wells Fargo (Lux) Worldwide Fund, on 26 April 2018. The new fund broadens the current international product suite. The fund is UCITS (Undertakings for Collective Investment in Transferable Securities) compliant and available to both institutional and retail investors.
The Global Equity Absolute Return Fund aims to achieve long-term capital appreciation and an absolute, or positive, return regardless of market conditions. The fund is sub-advised by Analytic Investors, LLC, and managed by Harindra de Silva, CFA;Dennis Bein, CFA; and David Krider, CFA.
Mr de Silva is an industry veteran with 30 years of investment experience, as is Mr Bein with 26 years. Mr Krider has 14 years of investment experience.
“We continue to build out our international product lineup using the expertise and time-tested investment process of Analytic Investors. The team is widely recognised for a commitment to innovative investment research, disciplined quantitative methods and an ability to implement sophisticated trading and portfolio management strategies, which are increasingly important in a complex global market. Analytic Investors now sub-advises three WFAM international funds, which we think allows our clients to have access to greater investment capabilities as well as competitive solutions to help them reach their financial goals around the world”, said Ludger Peters, managing director of International Business Development.
The fund is currently available in Austria, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and the United Kingdom, with anticipated future registrations in Hong Kong, Portugal, Singapore, South Korea and Switzerland.