Fund has delivered 6% annual yield for clients1
SINGAPORE, Sept. 26, 2023 /PRNewswire/ — Allspring Global Investments, a leading independent global asset management firm with $547 billion2 in assets under advisement, is expanding the distribution of its Global Equity Enhanced Income (GEEI) Fund as it hits the three-year anniversary. Since inception, the GEEI Fund has delivered both high, consistent income and meaningful capital appreciation for investors.
In the past three years, market volatility and economic uncertainty have challenged investors to adjust allocations to achieve sustainable and diversified returns. Income-generating equity strategies have gained traction with investors looking for high, consistent yield from diverse sources of income while also retaining exposure to long-term market growth.
Allspring’s GEEI Fund is designed to provide consistent quarterly income alongside capturing the growth potential of global equities. The fund invests in companies with attractive valuations and above-market-average dividends and enhancing income by using an active option overlay strategy. Since inception, the fund has averaged a 6% annual yield across share classes and has generated a total return of 9.9% on an annualised basis (after fees and costs).
Head of International Multi-Asset Portfolio Management Eddie Cheng, also one of the fund’s portfolio managers, commented, “Since launching GEEI in 2020, we’ve experienced a global pandemic, spiraling inflation, and a historically fast central bank rate hiking cycle. It’s been an eventful time, but we’re really pleased with how this strategy has performed. We believe our ‘quantamental’ approach combining the power of quantitative analysis alongside a fundamental review process has been key to our success.”
“We are excited to see one of our flagship strategies achieve a three-year track record,” commented Andy Sowerby, head of the International Client Group. “We remain committed to delivering more for our clients as we help investors navigate the complex global financial landscape. This fund has proven to be a valuable income diversifier and a great complement to more traditional income sources, such as bonds and money markets.”
To learn more about Allspring and our mission to elevate investing, please visit www.allspringglobal.com.
Allspring Global Investments™ is an independent asset management firm with more than $547 billion in assets under advisement2, over 20 offices globally, and investment teams supported by more than 460 investment professionals. Allspring is committed to thoughtful investing, purposeful planning, and inspiring a new era of investing that pursues both financial returns and positive outcomes. For more information, please visit www.allspringglobal.com.
1) Past performance is not a guarantee or reliable indicator of future results.
2) As of June 30, 2023. Figures include discretionary and non-discretionary assets.
Market risk: securities may decline in value due to factors affecting securities markets generally, and equity securities generally have greater price volatility than debt securities. Smaller-company securities risk: securities of companies with smaller market capitalisations tend to be more volatile and less liquid than securities of larger companies. Geographic concentration risk: investments concentrated in specific geographic regions and markets may be subject to greater volatility due to economic downturns and other factors affecting the specific geographic regions. Global investment risk: securities of certain jurisdictions may experience more rapid and extreme changes in value and may be affected by uncertainties such as international political developments, currency fluctuations and other developments in the laws and regulations of countries in which an investment may be made. Derivatives risk: the use of derivatives presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying asset, index or rate, which may be magnified by certain features of the derivatives. ESG risk: applying an ESG screen for security selection may result in lost opportunity in a security or industry resulting in possible underperformance relative to peers. ESG screens are dependent on third-party data and errors in the data may result in the incorrect inclusion or exclusion of a security.
This material is provided for informational purposes only and is for professional, institutional, or qualified clients/investors. Not for retail use outside the U.S.
THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION AND IN ANY CASE IS NOT INTENDED TO BE USED IN ANY JURISDICTION OR TO ANY PERSON WHERE IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.
HONG KONG: For professional investors only. WARNING: this fund is a collective investment scheme but is not authorised under Section 104 of the Securities and Futures Ordinance of Hong Kong (the SFO) by the Securities and Futures Commission of Hong Kong (the SFC) for offer to the public, and its offering documents have not been authorised by the SFC under section 105 of the SFO. Accordingly, the distribution of this material and the placement of units in Hong Kong are restricted. This material may be distributed, circulated or issued only to persons who are “professional investors” (as defined under the SFO or the Securities and Futures (Professional Investor) Rules) and any rules made under that ordinance or as otherwise permitted by the SFO. This document has not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer. No offer to the public to purchase shares of any unregistered sub-fund of the Allspring (Lux) Worldwide Fund will be made in Hong Kong, and this document is intended to be read by the addressee only and must not be passed to, issued to or shown to the public generally. This document is distributed on a confidential basis and may not be reproduced in any form or transmitted to any person other than the person to whom it is addressed. No shares will be issued to any person other than the person to whom this document has been addressed, and no person other than such addressee may treat the same as constituting an invitation for him or her to invest. FOR PROFESSIONAL INVESTORS ONLY. THIS FUND IS NOT AUTHORISED BY THE SECURITIES AND FUTURES COMMISSION IN HONG KONG AND IS NOT AVAILABLE FOR INVESTMENT BY RETAIL INVESTORS IN HONG KONG. MATERIALS ARE NOT REVIEWED OR APPROVED BY ANY REGULATORY AUTHORITY IN HONG KONG. DO NOT GIVE, SHOW OR QUOTE TO ANY OTHER PERSON. DO NOT DUPLICATE OR REPRODUCE. Allspring Global Investments (Allspring) is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain portfolio companies of GTCR LLC and Reverence Capital Partners, L.P. Allspring includes but is not limited to Allspring Global Investments, LLC, Allspring Global Investments (UK) Ltd, Allspring Global Investments (Singapore) Pte. Ltd., Allspring Global Investments (Hong Kong) Limited and Allspring Global Investments (Japan) Limited. SINGAPORE: For Institutional Investors only. Neither the Allspring (Lux) Worldwide Fund (the “Fund”) or Allspring Global Investments (“Allspring”) is making any representation with respect to the eligibility of any recipients of this document to acquire the Shares therein under the laws of Singapore. The collective investment scheme offered is a recognised scheme under the Securities and Futures Act. A copy of the prospectus / information memorandum / offering document (as applicable) has been lodged with and registered by the Monetary Authority of Singapore (the “Authority”) and may be obtained from the Fund’s manager or any of its approved distributors. Potential investors should read the prospectus / information memorandum / offering document (as applicable) for details on the relevant fund before deciding whether to subscribe for, or purchase units in the fund. The Authority assumes no responsibility for the contents of the prospectus / information memorandum / offering document (as applicable). Registration of the prospectus / information memorandum / offering document (as applicable) by the Authority does not imply that the Securities and Futures Act, or any other legal or regulatory requirements have been complied with. The Authority has not, in any way, considered the investment merits of the collective investment scheme. SOUTH KOREA: For Qualified Professional Investors only. Neither the Allspring (Lux) Worldwide Fund or Allspring is making any representation with respect to the eligibility of any recipients of this document to acquire the shares therein under the laws of Korea, including but without limitation the Foreign Exchange Transaction Act and Regulations thereunder. The shares may only be offered to Qualified Professional Investors, as such term is defined under the Financial Investment Services and Capital Markets Act, and none of the shares may be offered, sold or delivered, or offered or sold to any person for re-offering or resale, directly or indirectly, in Korea or to any resident of Korea except pursuant to applicable laws and regulations of Korea.
Allspring is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain portfolio companies of GTCR LLC and Reverence Capital Partners, L.P. Allspring includes but is not limited to Allspring Global Investments (Singapore) Pte. Ltd., Allspring Global Investments (Hong Kong) Limited and Allspring Global Investments (Japan) Limited. ALL-09152023-d7yzjgkv
SOURCE Allspring Global Investments