Wells Fargo Asset Management (WFAM) has announced the launch of two new UCITS funds, the Global Multi-Asset Income Fund and the Global Factor Enhanced Equity Fund, which the company hope will emphasise their commitment to finding innovative solutions for both institutional and retail investors.

The Global Multi-Asset Income Fund is WFAM Multi-Asset Solutions’ first international fund, and will prioritise sustainable income opportunities and will look to distribute a stable cash-flow income to investors over each year.

It will utilise active security selection and aims to improve income through dynamic asset allocation. It will seek total return, consisting of current income and capital appreciation.

Meanwhile, the Global Factor Enhanced Equity Fund will invest approximately two-thirds of its total assets in the common stock securities of companies located in countries represented in the MSCI World Index.

Both funds will be in available in multiple countries across Europe including the UK, Switzerland and Ireland, with the Global Factor Enhanced Equity Fund also available in Singapore.

WFAM has $466 billion in assets under management, headquartered in San Francisco, the firm has offices in 37 countries across the world.