Allspring Global Investments has announced the launch of the Allspring (Lux) Worldwide fund – Global Equity fund, the latest in the firm’s UCITS range.
The new sub-fund will attempt to deliver consistent alpha through a systematic investment strategy. It will use quantitative data models, as well as “fundamental validation” to find attractively-valued high-quality companies benefitting from positive momentum.
The strategy will be managed by Allspring’s Systematic Core equity team, led by John Campbell, the team’s head and senior portfolio manager.
Campbell said: “By targeting bottom-up alpha while actively managing macro and fundamental risks, the strategy aims to deliver a smoother excess return profile across different market environments.”
This adds to the team’s existing global equity range, which includes the Allspring Global Equity Enhanced Income and Allspring Climate Transition global equity funds, launched in July 2020 and July 2021, respectively.
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Since inception, both funds have outperformed their sector peers, with the Enhanced Income fund delivering a 80.2% return and the Climate Transition fund up 90.6%, according to FE fundinfo. Over both time periods, the funds have outperformed their benchmark, the MSCI ACWI index.
Andy Sowerby, head of Allspring International Client Group, said: “With the growing success of our Global Equity Enhanced Income fund and our Climate Transition Global Equity fund in our UCITS range, we are proud to now launch the Allspring Global Equity fund in response to client demand for a core global equity solution.
This new fund reflects our continued investment in systematic capabilities that combine rigorous quantitative research with fundamental insight.”
