Wells Fargo AM launches municipal ESG fund

Wells Fargo Asset Management has launched their Municipal Sustainability Fund.

The Municipal Sustainability Fund applies the WFAM ESG Impact Framework, a partnership involving municipal bond and ESG professionals. The fund invests in securities that are assessed to have positive environmental or social impact at the bond or issuer level. The investment process also includes a top-down macroeconomic assessment and a bottom-up fundamental security analysis.

The fund is managed by Wendy Casetta, Terry Goode and Robert Miller, senior portfolio managers with the WFAM Municipal Fixed Income team.