Wells Fargo Asset Management has expanded its presence in Europe by registering a range of its investment sub-funds under the Wells Fargo (Lux) Worldwide Fund for distribution in Norway.
The move follows part of Wells Fargo’s plans to increase the amount of business it does across Europe.
The firm has been increasing its European footprint over the past couple of years, having established a Luxembourg domiciled Sicav umbrella, the Wells Fargo Worldwide Fund in 2008.
The asset manager said that the funds will offer Norwegian investors access to strategies that may be under-represented.
Wells Fargo added that some of the funds have a track record in other European countries since 2008, with an additional six funds launched in July 2012.
Ludger Peters, managing director, international business development, Wells Fargo Asset Management, said:"The registration of our funds for distribution in Norway will allow clients access to more of our established portfolio management teams and provide them with fund options that have the potential to serve as valuable complements to their existing investments.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
"The new funds give us an opportunity to showcase some of the best talent we have through investment products that we believe will provide investors with excellent diversification for their portfolios.
Wells Fargo Asset Management said it has more than US$460 billion in assets under management.