Independent asset manager Allspring Global Investments has introduced two climate transition-focused sub-funds, further expanding the firm’s existing climate transition fixed income suite. The Climate Transition Buy and Maintain Plus 2025-2029 Fund and the Climate Transition Buy and Maintain Plus 2030-2034 Fund apply a climate transition approach to help clients achieve their net-zero ambition while delivering on their financial objectives. The funds also integrate ESG criteria to meet wider responsible investing commitments. The funds are registered for distribution in the UK for institutional investors and have been backed by £100 million (US$123.5 million) of seed capital from global professional services company Aon’s clients. Allspring described the two new maturing funds as a “natural extension” of its Climate Transition Global Buy and Maintain Fund, which was launched in 2023. The asset manager said the new funds will help clients meet their cash flow needs. “Combining our proprietary Climate Transition Framework with our global credit capabilities to create our new Climate Transition Buy and Maintain Plus Funds with Aon’s support is the next logical step in the evolution of our climate transition product suite,” said Alex Temple, Senior Portfolio Manager at Allspring. “Together with Aon, our goal is to help clients meet their financial, risk and climate goals. Although these new funds are maturing in nature, we apply the same philosophy and investment approach to finance transition leaders as they target net zero as we do in our evergreen funds, with a focus on delivering the predictable cash flows that investors need to meet their liabilities”. Allspring has more than £483 billion in assets under advisement and manages more than £4 billion of global fixed income products, including its climate transition fixed income suite.
