At Wells Fargo Asset Management, we put the client at the centre of everything we do. Our commitment: Help clients achieve what matters most to them on their path to financial well-being. We do this by channeling the collective wisdom of our specialised investment teams (backed by over 500 investment professionals) into solutions designed to help meet clients’ goals.

We place a relentless focus on pursuing consistent and positive risk-adjusted returns, with the support of our independent risk management teams. Together, we strive to help our clients build portfolios aimed at generating successful outcomes and defending them against uncertainty.

With more than EUR 425 billion in assets under management* and offices around the world, Wells Fargo Asset Management has the resources and reach to help clients across the globe—be it institutions or intermediaries whose focus on the client is akin to our own.

*As of September 30, 2019

Wells Fargo Asset Management (WFAM) is the trade name for certain investment management companies owned by Wells Fargo & Company. These companies include but are not limited to Wells Fargo Asset Management (International) Limited (WFAMI Ltd.), an affiliated investment management company within WFAM, authorised and regulated by the UK Financial Conduct Authority (FCA), and Wells Fargo Asset Management Luxembourg S.A. (WFAML), authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).

Unless otherwise stated, WFAM makes no representation or warranty (express or implied) regarding the adequacy, accuracy or completeness of any information in this document. Unless otherwise stated, the views expressed in this document do not necessarily reflect the views of Wells Fargo & Company, WFAM or their affiliates.

Wells Fargo & Company and its affiliates may from time to time provide advice with respect to acquire, hold or sell a position in any securities or instruments that may be named or described in this document.

Material produced is for informational purposes only and does not constitute investment advice or an investment recommendation as defined under the Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II) and implemented by the FCA, unless expressly stated otherwise. Any market or investment views expressed are not intended to be investment research as defined under MiFID II and implemented by the FCA. This document has not been prepared in line with the FCA requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.