Wells Fargo unveils absolute return fund

US-based Wells Fargo Asset Management has launched an equity absolute return fund.

The Global Equity Absolute Return Fund is a Ucits-compliant sub-fund of the Wells Fargo (Lux) Worldwide Fund and is available to both institutional and retail investors.

It is sub-advised by Analytic Investors and managed by Harindra de Silva, Dennis Bein, and David Krider.

Currently, the fund is available in Austria, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and the United Kingdom and there are anticipated future registrations in Hong Kong, Portugal, Singapore, South Korea and Switzerland.

A strategy of gaining long and short exposure in equity securities of issuers in developed markets is used by the sub-adviser.

The fund will gain long exposure to equity securities that the sub-adviser believes will outperform the equity market on a risk-adjusted basis and will gain short exposure to equity securities that the sub-adviser believes will underperform the equity market on a risk-adjusted basis.

It can have a long equity exposure of up to 100% of its net assets and a short equity exposure – achieved through the use of swap agreements and other types of derivatives – of up to 80% of its net assets.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST