Allspring Global Investments has announced the launch of the Allspring (Lux) Worldwide Fund – Global Income fund, a Ucits addition to its existing 17- Luxembourg incorporated range of funds.
The new fund is based on Allspring’s income plus strategy, previously available exclusively to institutional investors and as a US mutual fund. In its new incarnation the strategy will be accessible to investors across Asia and continental Europe as well as the US, according to a statement by the asset manager.
The investment approach is to target attractive income and total return by dynamically allocating capital throughout the global fixed income universe.
“[We] 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,” said Andy Sowerby, head of the International Client Group at Allspring.
The strategy is unconstrained and has the flexibility to invest across government, securitised, investment grade, high yield and emerging market debt markets. This fund is designated as SFDR Article 8 and promotes environmental and/or social characteristics but does not have a sustainable investment objective.
It will be managed by Janet Rilling, Noah Wise, Christopher Kauffman, Michael Schueller, Michal Stanczyk and Sarah Harrison. The team have an average of 23 years of professional investment experience and $25 billion under advisement.
Harrison, senior portfolio manager, said: “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.”
“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,” Wise, senior portfolio manager, added.
The fund is registered for distribution in Luxembourg and UK and intends to be registered in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Hong Kong, Singapore and South Korea.
Allspring Global Investments is an independent asset management company with more than $590bn in assets under advisement, over 20 offices globally and investment teams supported by more than 400 investment professionals, according to the asset manager.
