Well Fargo Asset Management (WFAM) has added a fixed income sub-fund to its Luxembourg domiciled Worldwide Funds portfolio.
The launch of the Global Equity Enhanced Income (GEEI) fund brings the total number of sub-funds to 22.
According to WFAM, the Ucits fund vehicle will combine dividends from equities and premiums from selling options in a bid to deliver an annual distribution yield in excess of 6%.
It will invest in 60-80 high dividend stocks and will be registered across Europe, Hong Kong, Singapore and Korea, states WFAM.
The latest sub-fund launch comes on the back of two additional sub-funds launched earlier this year that were added to the Worldwide Funds (Lux) portfolio – the Global Small Cap Equity fund and the Small Cap Innovation fund.
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