Wells Fargo Asset ManagementAnn Miletti is the head of active equity at Wells Fargo's $607 billion asset management arm, overseeing all of the firm's active equity investment teams, trading activity, and other business-related issues.
Miletti studied to become a teacher but her time in the classroom was cut short when her son was born with "a pretty severe heart defect." For the next eight months, she stayed in the hospital to care for her son while trying to figure out how to get out of the mountainous pile of medical debt they had racked up.
Besides tending to the administrative needs of the team, Miletti was also eager to learn everything, including modeling companies by hand. Soon enough, Weiss asked her to join the team as a media analyst. She added: "As a manager, what I also recognize now is that some people won't raise their hands and you'll see things in people that they don't see in themselves. So sometimes you have to be the one to acknowledge and tell them that you think that they can do it."To focus on her responsibilities as the head of active equity, Miletti gave up her portfolio management duties in February last year.
Miletti shares the three trends on her radar, which are "China's economic shift, the scarcity of growth, and the rebirth of US manufacturing." As global rivals saw their GDPs contract during the COVID-19 pandemic, the Chinese economy beat expectations toAbove all, the growing Chinese economy is rapidly transforming from being export-reliant to one that is focused on internal growth and the domestic consumer economy.