Allspring Global Investments Launches Innovative Active ETFs To Meet Investor Demand

Allspring Global Investments Launches New Active ETFs

Allspring Global Investments™ has officially entered the exchange-traded fund (ETF) market, unveiling three innovative active fixed income ETFs designed to enhance access and flexibility for investors. This move marks a significant addition to Allspring's existing repertoire of investment products, as it seeks to adapt to the changing demands of the market.

The three newly launched ETFs are the Allspring Broad Market Core Bond ETF (AFIX), Allspring Core Plus ETF (APLU), and Allspring Income Plus ETF (AINP). These funds represent Allspring's commitment to providing differentiated investment solutions through accessible and investor-friendly vehicles.

Kate Burke, the president of Allspring, shared her enthusiasm: "We are thrilled to enter the ETF market to provide our clients with another route to access our differentiated investment strategies that help to meet their needs."

Focus on Active Management

The Allspring Broad Market Core Bond ETF (AFIX) brings together a long-standing institutional core bond strategy tailored for individual investors. Meanwhile, the APLU and AINP funds are built to utilize a diverse range of fixed income securities, aimed specifically at achieving performance that surpasses traditional bonds.

The launch of these ETFs is a response to an increasing demand for active investment vehicles that are flexible and efficient. Rick Genoni, Global Head of Product Development and Innovation at Allspring, noted the importance of listening to investor feedback: "Our mission to elevate investing involves actively listening to investors, particularly investment advisors who have been key collaborative partners for years."

Experienced Management Teams

Janet Rilling, CFA, a senior portfolio manager with nearly three decades of experience in managing fixed income portfolios, will lead the Core Plus ETF and the Income Plus ETF. Brandon Kanz, CFA, another seasoned professional in the industry, will head the Broad Market Core Bond ETF, having dedicated two decades to the investment field. Both bring a wealth of expertise and a commitment to creating innovative investment processes.

Molly Landes, head of ETF Capital Markets at Allspring, emphasized the significance of these seasoned managers, stating, "Brandon and Janet both set a high bar for excellence in terms of the creative and disciplined investment processes that they've developed over the years."

Competitive Advantage

All three ETFs commenced trading on the NYSE Arca, with expense ratios at 0.19% for AFIX, 0.30% for APLU, and 0.35% for AINP. This pricing structure is intended to be competitive, simplifying the investment process for a broader array of clients.

The introduction of these active ETFs is not only a significant expansion of Allspring’s product offering, but it also signals its capability to cater to a diverse and evolving client base. Allspring has already filed a registration statement with the SEC for three actively managed equity ETFs, anticipated for release early next year.

Looking Ahead

The launch of Allspring's active ETFs marks an exciting chapter for the firm, which manages over $590 billion in assets under advisement. With a vision to inspire a new era of investing tied to both financial success and positive outcomes, Allspring is strategically positioned to meet the needs of modern investors.

For more information on Allspring’s ETFs, visit Allspring Global's site. This move is part of a broader initiative to provide clients with innovative solutions that balance risk and reward in an ever-changing market landscape.

Cautionary Note

Investors should tread carefully and evaluate investment objectives, risks, and other factors before investing in these ETFs. Investment in ETFs involves risk, and understanding various market conditions is imperative.

Allspring continues to be committed to fostering thoughtful investing and delivering outcomes that exceed financial expectations, aiming to unlock new possibilities for all investors.