Another global fixed interest manager comes to town

Australian manager Bennelong Funds Management is bringing the Allspring Global Income Fund to Australia and New Zealand, hot on the heals of J P Morgan who earlier this year launched a fixed interest PIE fund in New Zealand.

London-based Allspring is a leading asset manager with more than US$600 billion of assets under management's and over US$460 billion of those funds are in fixed income assets.

Allspring's head of its International Client Group, Andy Sowerby, said the flagship strategy it is bringing to market covers all fixed income sectors and uses both a top down and bottom up approach to managing the fund.

“Allspring’s global income strategy provides broad diversification by actively allocating across the global fixed income universe including the investment grade credit and high yield sectors. Our flexible, dynamic multi-sector approach is different from strategies with more static allocations and fewer exposures, and to strategies managed to three or five-year macroeconomic themes.

“Furthermore, the strategy has delivered resilience in periods of market stress, delivering competitive differentiated performance even throughout disparate and challenging market environments,” he added.