US-based asset management firm Allspring Global Investments has unveiled its latest climate transition fixed income fund – the Allspring (Lux) Worldwide Climate Transition Global Buy and Maintain Fund. Managed by Henrietta Pacquement, it aims to provide investors with an opportunity to capitalise on improved market conditions for high-quality credits. Pacquement, Head of Global Fixed Income, said: “After more than a decade of depressed yields, investors are now able to take advantage of much more constructive market conditions to build diversified exposure to high-quality credits. I have been saying all year that last year’s correction creates this year’s opportunity, and the launch of this new fund could not be better timed.” Since its inception in August 2023, the Allspring Climate Transition Global Buy & Maintain Fund has grown to over US$100 million in size. The new fund aims to offer exposure to global fixed income opportunities from companies transitioning towards a lower-carbon future, leveraging Allspring’s proprietary climate transition credit research framework. Pacquement added: “The fund is suitable for investors who are seeking to reduce the carbon intensity of their investments and provides a clear path to net zero by 2050. By actively investing across the markets, we seek to deliver investment income while preserving capital.” The Allspring Climate Transition Global Buy & Maintain Fund is classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation.
