Evergreen Investments was the investment management business of Wachovia. The brand was merged into Wells Fargo Advantage Funds and subsequently phased out following Wells Fargo's acquisition of Wachovia. The brand was officially retired on July 20, 2010.Outside the United States, the sales and distribution business was conducted under the brand name of Wachovia Global Asset Management.
Evergreen Investments had US$245.9 billion in assets under management, 83 mutual funds, 2.7 million mutual fund shareholders and 1,064 employees as of June 30, 2008. Evergreen ranked among America's 30 largest asset management companies and one of the top 25 largest mutual fund families.
This mutual fund family promoted itself as a "broadly diversified asset management organization, with products and services distributed across several lines of business...managing diverse investments such as institutional portfolios, mutual funds, variable annuities, alternative investments and private accounts."