Wells Fargo Advantage Growth Fund Continues to Perform Well

Although many American companies have lowered their earnings expectations, the managers of the Wells Fargo Advantage Growth Fund believe the companies in their portfolio have the growth drivers required for success in an uncertain economy.

"The U.S. equity market enjoyed a relief rally, supported by better-than-feared earnings reports and stimulus measures," the managers, Joseph Eberhardy, Thomas Ognar and Bruse Olson, wrote in their third-quarter commentary. "Policy initiatives from the U.S., Europe and China helped ease investor fears about global economic instability, particularly in regard to Europe. U.S. corporations delivered moderate earnings-per-share growth despite economic challenges and political uncertainties."

To read their full report, click here.

For the quarter, the fund gained 7.41 percent, beating the Russell 3000 Growth Index return of 6.01 percent. For the year to date through Sept. 30, the fund is up 19.77 percent, again topping the index return of 16.59 percent.

The Wells Fargo Advantage Growth Fund is a component of the Bradway Strategic Portfolio, which consists primarily of investments with top money managers.