Briefly

Banking giant Wells Fargo & Co. made a move to expand its mutual fund business, saying Thursday it agreed to buy SIFE, which oversees the $789-million SIFE Trust financial-services sector mutual fund. SIFE, which had 23,400 customer accounts as of July 31, would become the Wells Fargo SIFE Specialized Financial Services Fund. Terms weren’t disclosed. Wells’ funds-management unit currently has 79 funds and more than $71 billion in assets under management.