Wells Fargo Funds Management is launching the Wells Fargo Small Company Value Fund. Its mission is to seek out the least expensive stocks from smaller companies from across the spectrum of industry sectors.

"Recent years have been unique for small cap value stocks," stated fund manager Tasso Coin, Jr. of Peregrine Capital Management, subadvisor to the Fund. "While small cap growth stocks performed well in 1998 and 1999, the bubble burst in 2000 and small cap value stocks enjoyed a performance renaissance. Nevertheless, these stocks continue to remain undervalued relative to other assets classes and are well positioned to maintain a leadership position."

To balance out the risk, the fund will also have exposure to sectors of the Russell 2000 Value Index.  

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