US wrap: Wells Fargo basket gives exposure to global funds

Wells Fargo product captures global returns

Although volumes have trailed off again some interesting products can be found among the few on offer in the latest issuance, notably one from Wells Fargo that is based on four funds offering exposure to the US, other developed markets and emerging markets.

The three-and-a-half-year accelerated growth product offers 125% participation in a basket of the iShares MSCI EAFE Index Fund (20%), iShares MSCI Emerging Markets Index Fund (20%), iShares Russell 2000 Index Fund (15%), SPDR S&P 500 exchange