The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Allspring Global Investments
Allspring Global Investments, a global asset manager with $590 billion under advisement, has just launched the Allspring (Lux) Worldwide Fund – Global Income Fund, a UCITS addition to its existing 17-strong Luxembourg range.

Allspring, which is a provider of active fixed income solutions, is making this multi-sector fixed income fund available to meet increased demand for the strategy from investors across the UK, continental Europe, and Asia, the firm said in a statement.

The new fund is based on Allspring’s Income Plus strategy, previously available exclusively to institutional investors and as a US mutual fund. The investment approach is to target attractive income and total return by allocating capital throughout the global fixed income universe. The strategy is unconstrained in nature and has the flexibility to invest across government, securitised, investment grade, high yield and emerging market debt markets. The fund, which is designated as Article 8 under the EU’s Sustainable Finance Disclosure Regulation (SFDR), promotes environmental and/or social characteristics but does not have a sustainable investment objective. It is registered for distribution in Luxembourg and the UK and will be registered in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Hong Kong, Singapore and South Korea.

“This is a timely and important launch as we continue to broaden Allspring’s UCITS range to meet the needs of our global clients,” Andy Sowerby, head of the international client group at Allspring, said.