Allspring Global Investments has launched the Climate Transition Global Credit Buy and Maintain Fund.

The fund is Allspring’s third climate transition fixed income fund and is managed by Henrietta Pacquement, head of both the Global Fixed Income and Sustainable Investing teams.

Allspring says the the fund’s approach is to deliver exposure to global fixed income focused on best-in-class companies transitioning to a lower-carbon world. Using the firm’s climate transition credit research framework, the fund is designed for investors who are seeking to reduce the carbon intensity of their investments and provides a path to net zero by 2050.

The fund is classified as SFDR Article 8 and is registered for distribution in Luxembourg, Switzerland and the UK.

The other Allspring climate transition funds are the Allspring Climate Transition Global High Yield Fund, introduced on 7 June 2023 and the Allspring Climate Transition Global Investment Grade Credit Fund, introduced on 23 August 2021.

Henrietta Pacquement, head of Global Fixed Income, says, “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. We have continued to deepen our research and resources around sustainability and climate research and can add significant further value to our clients in this evolving area”.

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