Allspring unveils buy-and-maintain climate bond strategy - Citywire
Citywire Selector | Allspring unveils buy-and-maintain climate bond strategy
Allspring Global Investments has further expanded its climate transition-focused bond range with a new approach designed to capitalise on long-term opportunities in the space.
The Allspring Global Buy and Maintain fund marks the third launch for the US-based asset manager in this area and follows the Climate Transition Global High Yield and Climate Transition Global Investment Grade Credit funds.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”