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Wells Fargo expands UK range with double launch

Wells Fargo expands UK range with double launch

Wells Fargo Asset Management has launched a concentrated global equity fund and a US small-cap value portfolio in a bid to broaden its Ucits range.

The Global Focused Equity fund is to be run by Dale Winner - lead portfolio manager for the EverKey Global Equity team at Wells Capital Management. The strategy will invest in up to 30 companies. The management team will seek to outperform the MSCI All Country World index.

Meanwhile the US Small Cap Value product will be managed by the Stageline value equity team, headed by Garth Nisbet, Craig Pieringer and Jeff Goverman.

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The fund will focus on US stocks with a market capitalisation of less than $2bn (£1.6bn), while also taking a contrarian value approach.

Ludger Peters, the firm's managing director for international business development, said: "Both funds are led by veteran managers and provide differentiated market exposure”