Wells Fargo Asset Management has reported that the Wells Fargo (Lux) Worldwide Fund has made many of its sub-funds available in Singapore via two of the country’s third-party mutual fund distribution platforms: iFAST Financial, including its IFA Central, iFAST Global Prestige and Fundsupermart.com divisions, and PhillipCapital.
Availability of the Wells Fargo (Lux) Worldwide Fund on these platforms makes it easy to research and trade in the sub-funds.
The majority of sub-funds in the Wells Fargo (Lux) Worldwide Fund are recognised by the Monetary Authority of Singapore.
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The Wells Fargo (Lux) Worldwide Fund – US All Cap Growth Fund has received a 2013 Lipper Fund Award in Singapore as the best fund in the equity U.S. category over three years. This was the second consecutive year that the fund was recognised in Singapore for delivering consistently strong performance over various time periods.
The Wells Fargo (Lux) Worldwide Fund – China Equity Fund was also recognised by Lipper this year as best fund in the China category over three years. The fund’s senior portfolio manager, Anthony Cragg, is based in Singapore.
karla Rabusch, president of Wells Fargo Funds Management, investment adviser to the Wells Fargo (Lux) Worldwide Fund, said: "Since 2008, we have been expanding our global investment network in order to bring Wells Fargo’s investment management and expertise to investors outside the United States.
"Our fund offerings as well as our broad range of segregated accounts have been well received by institutional investors. Now we are pleased to expand our Asian offerings to retail investors in Singapore.
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By GlobalData"Even the most successful funds must rely on superior in-country distribution methods in order to get the attention of investors," added Rabusch.
The Wells Fargo (Lux) Worldwide Fund – US All Cap Growth Fund is currently closed to new investors.
