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Allspring Global Investments
Allspring
Global Investments, a global asset management company with
$570 billion under advisement, has announced the expansion of its
climate transition (CT) suite with the addition of the Allspring
Climate Transition Global Equity Fund.
The fund, managed by Allspring’s systematic edge equity team, is
the company’s first equity fund within the CT suite. It provides
investors with a diversified global equity portfolio, with the
dual objective of targeting excess returns versus the MSCI ACWI
and reaching net zero by 2050, the firm said in a
statement.
Previously, the fund operated as the Allspring 2 Degree Global
Equity Fund, launched in July 2021. By joining the CT suite, the
investment strategy has evolved to introduce a formal net-zero
2050 target. The fund intends to achieve its target by
setting a cap on the weighted average carbon intensity that
is lower than that of the MSCI All Country World Index, with the
cap reducing along a trajectory aiming to decarbonise the fund by
2050, the firm added.
The fund, which is classified as Article 8 under the EU’s
Sustainable Finance Disclosure Regulation (SFDR), is
registered for distribution in the UK, Austria, Belgium, Finland,
France, Germany, Ireland, Italy, Luxembourg, Norway, Portugal,
Singapore, South Korea, Spain, Sweden and Switzerland and for
professional investors only in Hong Kong.
“We believe that identifying climate transition winners does not
necessarily mean solely investing in the low-carbon companies of
today but rather in companies that should win in a low-carbon
world of tomorrow,” Peter Weidner, senior portfolio manager and
head of the systematic edge equity team at Allspring, said. “We
use forward-looking transition pathway assessments to identify
these companies, helping to reduce risk and capture opportunities
presented by the transition to a decarbonised economy.”