Wells Fargo has launched two new small-cap focused UCITS funds, which will become holdings in the firm’s Wells Fargo (Lux) Worldwide portfolio.
Wells Fargo Small Cap Innovation and Global Small Cap Equity, which have been launched to expand and diversify the company's umbrella fund, will also be made available to investors on an individual basis. The former, which will be managed by Michael Smith and Christopher Warner - part of Wells Capital Management's fundamental growth equity team - will seek innovative yet mispriced companies that foster market disruption and offer a competitive advantage. At least two-thirds of the portfolio will be based in the US, with up to 15% of the portfolio to be invested "opportunistically" in glo...
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