Wells Fargo AM launches US IG credit fund

Wells Fargo Asset Management has launched a USD Investment Grade Credit portfolio, a sub-fund of its Worldwide Luxembourg Ucits fund.

Wells Fargo AM launches US IG credit fund


Managed by Scott Smith and Jonathan Terry, the fund will invest in dollar-denominated credit debt securities that are rated investment grade at the time of purchase.

The new product is a sub-fund of the Wells Fargo Worldwide Luxembourg Ucits fund that was launched in December and has raised $100m (£80.6m) to date.

The managers will use bottom-up investment research to build a focused portfolio of well-underwritten credit securities.

Available to retail and institutional investors, the fund is available in Luxembourg, Austria, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland, Singapore and the UK.

It will be registered in Hong Kong and South Korea in the next phase.