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

Allspring
Allspring Global Investments has launched a global equity fund that can, it says, achieve repeatable market-beating results across market cycles. 

The firm, which oversees $624 billion in assets under advisement – as of 31 March – has rolled out the Allspring (Lux) Worldwide Fund – Global Equity Fund, a UCITS sub-fund. It complements its existing Global Equity Enhanced Income and Climate Transition Global Equity Funds. These two funds were launched in July 2020 and July 2021, respectively. 

“As clients look for dependable sources of potential outperformance in an increasingly complex global market, this strategy extends our global equity franchise with a risk-controlled core solution designed for compelling performance across market cycles,” Andy Sowerby, head of Allspring’s International Client Group, said. 

The new fund seeks long-term capital appreciation by using proprietary quantitative models integrated with fundamental validation to identify attractively valued, high-quality companies with supportive momentum characteristics. The fund aims to achieve positive excess returns relative to the MSCI All Country World Index. 

The strategy is managed by Allspring’s Systematic Core Equity team, which oversees approximately $10.8 billion in assets and has decades of experience managing enhanced index, high-conviction equity solutions.

The fund is available to investors in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden and the UK in the firm's UCITS vehicle. It will also be available to investors in Switzerland and select Asian countries in the coming months.

ABN AMRO Investment Solutions, Nordea Asset Management
ABN AMRO Investment Solutions (AAIS) has awarded Nordea Asset Management (NAM) nearly €1 billion ($1.17 billion) in a sub-advised mandate. The tailor-made strategy, ABN AMRO Nordea European Covered Bonds, is managed by NAM’s fixed income rates team.

AAIS maintains a core allocation to European covered bonds, reflecting its conviction that the asset class offers low-risk investment opportunities with higher returns compared with traditional government bonds, as well as its confidence in NAM’s expertise and proven capabilities in this asset class.

Classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation (SFDR), ABN AMRO Nordea European Covered Bonds uses NAM's methodology for sustainability in covered bonds.