Posted inEquities

Wells Fargo AM launches two global Ucits

Both funds are sub-funds of the Wells Fargo (Lux) Worldwide Fund and are led by portfolio managers Harindra de Silva, Dennis Bein, and David Krider.

The Global Low Volatility Equity Fund was launched on 19 June 2017 and aims to produce returns similar to those of the MSCI World Index. The fund invests in a diversified portfolio of equity securities across all capitalisation sizes, sectors, and industry but will low forecasted volatility.

WFAM said the fund used a quantitatively based investment process that evaluates multiple fundamental statistical and technical characteristics.

The Global Long/Short Equity Fund that was launched on 31 July 2017 seeks long-term capital appreciation whilst preserving capital in down markets. It invests at least two-thirds of its total assets in equity securities of companies located in no fewer than three countries, including 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.

Jassmyn Goh

Jassmyn reported from Sydney to New York to Jakarta before joining Expert Investor. She was most recently Features Editor at Money Management and Super Review in Sydney.

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