Wells Fargo Asset Management (Wells Fargo AM) has introduced a new share class of the Wells Fargo (Lux) Worldwide Emerging Markets Equity Income fund for UK investors.
The firm has now launched a British pound sterling-denominated gross distributing institutional share class of the fund, Investment Europe reported.
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Wells Fargo AM international business development managing director Ludger Peters commented: "We are pleased to offer a gross distributing share class for the Emerging Markets Equity Income Fund to UK investors looking for yield. It reflects our culture of listening to clients and offering the products they want and need as they strive to reach their financial goals".
The fund mainly invests in dividend-paying emerging markets equity securities.
It uses a top-down strategy, which looks into the overall economic and market trends in each country, as well as a bottom-up strategy, where the team uses fundamental research for security selection.
The fund is managed by Anthony Cragg and Alison Shimada.
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