Allspring Global Investments introduces climate-focused global equity fund
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Allspring Global Investments, a global asset management firm, has introduced its first equity fund in its climate transition suite of products by rebranding the Allspring 2 Degree Global Equity fund.
The rebranded fund will now be known as The Allspring Climate Transition Global Equity Fund.
Initially launched in July 2021, the fund emphasizes a commitment to achieving net-zero carbon emissions by 2050.
Initially launched in July 2021, the fund’s new focus includes a commitment to a Net-Zero carbon emissions target by 2050.
The asset management firm aims to achieve the Net-Zero goal by maintaining a weighted average carbon intensity lower than the MSCI All Country World Index.
After achieving the above-mentioned goal, the firm plans to reduce carbon intensity to zero by 2050.
The fund is classified under Article 8 of the Sustainable Finance Disclosure Regulation (SFDR) and is available to investors in Singapore and Hong Kong.
Also read: Brookfield Asset Management and Microsoft ink largest-ever clean energy agreement
Andy Sowerby, head of the international client group at Allspring, said, “Building on the success of our fixed income climate transition strategies, which have amassed US$4.5bn over the last three years.”
He added, “We have now expanded our ability to provide climate transition solutions for both fixed income and equity investors seeking to invest in the transition to a decarbonised economy”, according to a report by Fund Selector Asia.
The addition of the Climate Transition Global Equity fund marks a significant step in Allspring’s efforts to support the shift towards a sustainable, low-carbon economy by providing diversified investment opportunities across fixed-income and equity markets.
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