The product launch follows the announcement in May that Bennelong has partnered with Allspring Global Investments (Allspring) to distribute its global income strategy across Australia and New Zealand.
Allspring is a leading asset manager with USD$600 billion of assets under management and advisement, managing over USD$460 billion in fixed income assets for a global client base.
The new fund is based on Allspring’s global income strategy and dynamically invests across global fixed income sectors including government, securitised, investment grade credit, high yield and emerging market debt markets.
The fund offers daily liquidity with an objective of outperforming the Bloomberg Global Aggregate Index and generating a total return consisting of a high level of current income (paid monthly) and capital appreciation.
John Burke, CEO of Bennelong, said “We believe this fund can be a core component of well diversified portfolios. Allspring’s global income strategy has delivered strong risk-adjusted returns for over ten years, and it’s exciting to bring a proven, well-diversified and dynamic product to our network of investors, advisers and institutions.”
Gillian Larkins, Chair of the Bennelong Funds Management Limited Board, said “our alignment with Allspring represents another important step in the process of moving Bennelong from a largely equities-based business to one that best caters for the evolving needs of investors across all asset classes.”
Andy Sowerby, head of the International Client Group at Allspring, said recent market volatility continues to highlight the importance of dynamic allocation.
“Our flexible, 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. The strategy has delivered competitive performance in periods of market stress, including over the challenging markets of 2025,” he added.
