Wells Fargo Asset Management Announces Consolidation of Subadvisor for the Wells Fargo Multi-Sector Income Fund
Wells Fargo & Company (WFC)
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo Asset Management (WFAM) recently announced a consolidation of the subadvisor Wells Fargo Asset Management (International), LLC into Wells Fargo Asset Management (International) Limited. Wells Fargo Asset Management (International), LLC is currently the subadvisor for the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC). The consolidation, which is expected to occur on or about August 1, 2019, is part of a plan to simplify WFAM’s organizational structure by consolidating investment advisors where there are potential synergies. The consolidation will have no impact on the investment strategies, fees, services, processes or personnel connected with the associated funds. The Wells Fargo Multi-Sector Income Fund is a closed-end income fund. The fund’s investment objective is to seek a high level of current income consistent with limiting its overal
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