Wells Fargo Launches New Emerging Growth Fund
SAN FRANCISCO, CA February 1, 2007 Wells Fargo Funds Management, LLC, today launched a new mutual fund that will invest primarily in small capitalization companies believed to have the potential to grow faster than market expectations.
The new Wells Fargo Advantage Emerging Growth Fund
will be subadvised by Wells Capital Management portfolio managers Brandon M. Nelson, CFA, Thomas C. Ognar, CFA, and Bruce C. Olson, CFA. The managers bring an average of more than 15 years of investment experience to the Fund, including six years working together as part of the nine-member Growth Equity team.
In building the Fund's portfolio, the team will conduct bottom-up fundamental research to identify small capitalization companies with earnings and revenue growth that they believe are robust, sustainable, and whose stock may benefit from upward revisions from the Wall Street analyst community. Before investing, the team will supplement its research with an analysis of the market's sentiment toward a stock.
"We believe that identifying and successfully anticipating positive revision patterns is one of the keys to investing in small-cap growth stocks," said Nelson. "We also want to maintain a proven sell discipline to both provide downside protection and to ensure that the portfolio continues to represent our best ideas in the small cap sector."
The Fund is offered directly to investors through a no-load1
Investor class as well as to retirement plans, pensions, and endowments through an Administrator share class.
Stock fund values fluctuate in response to the activities of individual companies and general market and economic conditions. Smaller company stocks tend to be more volatile and less liquid than those of larger companies. The use of derivatives may reduce returns and/or increase volatility. Active trading results in increased turnover and trading expenses, and may generate higher short-term capital gains. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). This fund is exposed to foreign investment risk. Consult the Fund's prospectus for additional information on these and other risks.