Allspring Global Investments has launched two climate transition sub-funds. Clients of professional services company Aon provided £100 million of seed capital for the funds’ launch.
The two new sub-funds complement Allspring’s existing climate transition fixed income suite where Allspring manages over £4 billion across a range of global fixed income products (Investment Grade, High Yield, Short Duration, Buy and Maintain), allowing different client needs and risk appetites to be met.
Both sub-funds are registered for distribution in the UK for institutional investors and apply a climate transition approach to help clients achieve their net-zero ambition whilst delivering on their financial objectives.
Simon Rhodes, CFA, associate partner, head of liquid credit content at Aon, said:
“In an environment where market challenges are ever greater, delivering impactful investment solutions is increasingly important. These funds are expected to provide a valuable additional return contribution to our clients’ portfolios, therefore we were pleased to work with Allspring to support the launch of the funds”.
