Allspring Global Investments sets up Global Income UCITS Fund. Source: Shutterstock
Allspring Global Investments, a global asset management firm with $590bn under advisement, has established the Allspring (Lux) Worldwide Fund – Global Income Fund, a UCITS addition to its current 17 Luxembourg funds.
Allspring, a supplier of active fixed income solutions, has launched this multi-sector fixed income fund to fulfil rising requests for this approach from investors in the United Kingdom, continental Europe, and Asia.
The Allspring Global Income Fund will be led by Janet Rilling, Noah Wise, Christopher Kauffman, Michael Schueller, Michal Stanczyk, and Sarah Harrison. The team offers investors significant market expertise, with a turnover of 23 years of professional investment experience and $25bn under advisement.
Allspring’s effective Income Plus strategy, which was previously only accessible to institutional investors and as a US mutual fund, serves as the foundation for the new fund.
The goal of the investment strategy is to actively distribute capital across the global fixed income universe in order to achieve attractive income and total return. With its unrestricted approach, the method can be applied to government, securitised, investment-grade, high-yield, and developing market debt markets.
This fund is classified as SFDR Article 8 and supports environmental and/or social qualities, however it lacks a sustainable investment aim.
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Moreover, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Hong Kong, Singapore, and South Korea are among the countries where the fund is registered for distribution, in addition to Luxembourg and the United Kingdom.
Andy Sowerby, head of the International Client Group at Allspring, stated: “This is a timely and important launch as we continue to broaden Allspring’s UCITS range to meet the needs of our global clients. We are a leading provider of fixed income solutions and see the creation of the Allspring Global Income Fund as being a flagship offering that can help our clients navigate the complex and fast-moving fixed income markets.”
Sarah Harrison, senior portfolio manager, shared: “We allocate strategically to a wide variety of fixed income securities, aiming to deliver alpha from security and sector allocation, as well as duration and curve positioning. This proven approach has delivered attractive levels of income and contributed to the long-term success of this strategy. We are excited to now bring this capability to the global market via the Allspring Global Income Fund”.
Noah Wise, senior portfolio manager at Allspring, added: “The addition of this fund to our range reflects the investor confidence in our expertise in global fixed income markets. As dedicated sector specialists, we will use a specialist model for robust portfolio construction and employ comprehensive risk control to help achieve consistent alpha generation for our clients.”
