Wells Fargo Asset Management has launched two Ucits compliant funds, the company has announced.
The Global Focused Equity fund will be managed by Citywire + rated Dale Winner, who also manages an international equity fund for the firm at US-based investors. The fund invests in securities of up to 30 companies in no fewer than three countries.
The fund has a bottom-up approach to share selection and takes a long-term view. The team identifies undervalued, non-consensus investment ideas. The fund profits when these investment ideas become popular.
Meanwhile the US Small Cap Value fund is managed by the stageline value equity team, which is led by Garth Nisbet, Craig Pieringer and Jeff Goverman. The fund invests in a range of US companies with a market capitalisation of less than $2 billion at the time of purchase.
The new fund buys equities which fall into four different categories. These include neglected companies which are ignored by other investors, firms with oversold shares, companies which will benefit from macroeconomic or industry trends and firms which are on the verge of earnings turnaround.
Commenting on the launch Ludger Peters, who is managing director of international business development said: ‘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.’
The new funds are available in Luxembourg, Austria, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Singapore, Spain, Sweden, Switzerland and the UK. The firm intends to register the funds in Hong Kong and South Korea shortly.