Wells Fargo AM launches RDR-ready share classes

Wells Fargo Asset Management has launched a ‘Z’ share class for 11 sub-funds of its Luxembourg-domiciled Wells Fargo Worldwide Fund in preparation for RDR.

Wells Fargo AM launches RDR-ready share classes


These clean-fee shares exclude both the adviser commission and platform fees and charges for them range from 0.75% to 1.20% for equity funds and 0.50% to 0.65% for bond funds.

Wells Fargo said there is no initial sales charge on the Class Z shares, which were launched in Luxembourg on 31 October.
They are expected to become available to UK investors in November.

Andrew Owen, executive vice president, Wells Fargo Asset Management, said: “We are very familiar with working within highly regulated markets that aim to protect investors, so it’s a part of our business culture to remain flexible and cooperative to meet the ever-changing demands of local markets.”

The Class Z shares will be available in both USD and GBP denominations for the following 11 sub-funds:

  • China Equity Fund
  • Emerging Markets Equity II Fund
  • Emerging Markets Income and Growth Fund
  • Global Equity Fund
  • Global Opportunity Bond Fund
  • Precious Metals Fund
  • U.S. All Cap Growth Fund
  • U.S. High Yield Bond Fund
  • U.S. Large Cap Growth Fund
  • U.S. Premier Growth Fund
  • U.S. Short-Term High Yield Bond Fund



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