The US-headquartered company 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.
Wells Fargo said, although the entire fund range (see below for list of funds) is new to Norway, some of the funds have a track record in other European countries since 2008, complemented by an additional six funds which were launched in July 2012.
Ludger Peters, managing director, international business development, Wells Fargo Asset Management, said: “In the past two years, we have witnessed meaningful growth in both assets and clients investing in our existing fund range.
“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.”
The registration of the funds follows expansion earlier this year into France, Ireland and Sweden as well as into Switzerland in November last year.
The fund manager, which had assets under management of more than $452bn (£291m, €338m) at the end of December, also last month registered many of its sub-funds of the Luxembourg Sicav for sale in Singapore for the first time.
Fund range available in Norway:
China Equity Fund
Emerging Markets Equity Fund
Emerging Markets Equity II Fund
Emerging Markets Income and Growth Fund
Global Equity Fund
Global Opportunity Bond Fund
Precious Metals Fund
US All Cap Growth Fund
US Dollar Short-Term Money Market Fund
US High Yield Bond Fund
US Large Cap Growth Fund
US Premier Growth Fund
US Short-Term High Yield Bond Fund
