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Allspring Global Investments was originally the asset management unit of Wells Fargo known as Wells Fargo Asset Management (WFAM) that was established in 1995. [2]In October 2020, Wells Fargo was exploring the sale of WFAM as part of its efforts to focus more on core competencies and improve its financial performance after the Wells Fargo cross-selling scandal.
Holdings include large money-center banks, such as Wells Fargo and Bank of America, as well as regional banks and thrift institutions. 5-year returns (annualized): 5.8 percent Expense ratio: 0.35 ...
Wells Fargo has international offices in London, Dublin, Paris, Dubai, Singapore, Tokyo, Shanghai, Beijing, and Toronto, among others. [19] Back-offices are in India and the Philippines with more than 20,000 staff. [20] Notably, Wells Fargo is the first major national U.S. bank to undergo a successful unionization drive. [21]
The brand was merged into Wells Fargo Advantage Funds and subsequently phased out following Wells Fargo's acquisition of Wachovia. [1] The brand was officially retired on July 20, 2010. [2] Outside the United States, the sales and distribution business was conducted under the brand name of Wachovia Global Asset Management.
The Wells Fargo global alternative investments feeder fund platform provides brokerage and wealth management clients the ability to invest in private equity, private debt, hedge funds, private ...
Investors looking to add some global sizzle to their portfolios without having to pack a passport often turn to mutual funds to gain international exposure. It's happening in a major way these days.