Allspring Global Investments, a global asset management firm with $600b (US$600b) in assets under advisement, has teamed up with Nomura’s International Wealth Management to distribute the Allspring Global Income Fund to private banking clients in Singapore and Hong Kong. Launched in October 2024, the fund aims to provide attractive total returns through high current income and long-term capital appreciation by investing in a diversified, multi-sector fixed income universe.
The Allspring Global Income Fund, actively managed by Allspring’s Plus Fixed Income team, targets investors seeking consistent income generation and long-term capital growth. The fund’s dynamic approach to asset allocation across global fixed income markets is designed to adapt to varying market conditions. The Plus Fixed Income team, which manages $39b (US$39b) in assets, brings significant expertise to the table.
Nomura’s decision to offer this fund addresses the increasing demand for quality income solutions in Asia. Connie Sin, Head of Funds and Alternatives at Nomura, expressed enthusiasm about the partnership, stating, “We are delighted to partner with Allspring to bring a high-conviction, income-focused strategy to our clients.”
Priscilla Phoon, head of Financial Institutions (Asia ex Japan) at Allspring, highlighted the fund’s potential, noting, “This flagship offering has a long-term track record of compelling risk-adjusted returns meeting the needs of investors looking for attractive income and diversification across the fixed income sectors.”
This collaboration marks a significant step in providing Asian investors with access to reliable income solutions, leveraging Allspring’s expertise in multi-sector fixed income.
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