Allspring moves global equity fund to climate transition range - Citywire Selector

Citywire Selector | Allspring moves global equity fund to climate transition range

Allspring Global Investments is adding a global equity fund to its $4.5bn climate transition range, the first equity product in the suite.

The Allspring Climate Transition Global Equity fund, which is classified as Article 8 under the Sustainable Finance Disclosure Regulation, has the dual objective of targeting excess returns versus the MSCI All Country World index (ACWI) and reaching net zero by 2050.

The fund previously operated under a different name: the Allspring 2 Degree Global Equity fund, launched in July 2021. That fund has returned 29.8% since launch, and is ranked 113 of over 3,000 funds in Citywire’s Equity - Global Blend sector.