Colonial First State has appointed Wells Capital Management and Fisher Investments to its FirstChoice Emerging Markets portfolio.
Wells Capital managed $83 million as of 30 November 2011, while Fisher managed $68 million.
Wells Capital is a multi-boutique asset manager, owned by Wells Fargo & Company, which has more than $330 billion in total assets under management across its boutiques.
Colonial First State has awarded the mandate for the firm's Berkeley Street Emerging Markets Equity strategy, which is managed by a team of five analysts under the guidance of senior portfolio manager Jerry Zhang.
Fisher Investments is an independently-owned money management firm headed by chief executive Kenneth Fisher.
Fisher is well known for his publications on behavioural finance and is the son of growth investing pioneer Philip Fisher.
The mandate was given for the FIIG Emerging Markets Equity strategy, which has a top-down investment process and applies capital markets technology to analyse a wide range of economic, political and sentiment drivers to formulate macro-economic forecasts and develop portfolio themes.
