Allspring Global Investments
The latest research and outlooks in the ProAllocate library
- Fixed Income
The AI Buildout Is Becoming a Long Credit Issue
Robeco's Andy Hunt, CFA and Daniel Sarnowski argue that AI-driven corporate bond issuance by hyperscalers is increasing concentration in long credit benchmarks, exposing bondholders to asymmetric downside risk without equity-like upside. They recommend diversified small-issuer credit strategies to reduce concentration, particularly for LDI portfolios.
- Sustainability
Pre-COP31 Investor Outlook: Key Themes for Antalya 2026
Allspring's Christopher McKnett and Henrietta Pacquement argue COP31's credibility hinges on converting climate pledges into financeable policy, infrastructure and project pipelines, particularly around electrification and emerging-market bankability. They conclude investors should focus on transition capex credibility, cash flow resilience and policy exposure for credit and equity selection.
- Macro
Should Markets Fear U.S. Midterm Election Results?
Ron Insana of Allspring Global Investments argues that a likely Democratic gain in the 2026 midterms would produce legislative gridlock, which markets historically view favourably despite uncertain effects on tariffs and AI regulation.
- Pensions
Did You Know? Claiming Social Security and Retirement Income
Allspring's Sean Fullerton argues that underestimating longevity leads many Americans to claim Social Security too early, forfeiting significant lifetime income. The firm proposes a
- Macro
Fed Holds Rates Steady: A Matter of Time
The Federal Reserve held rates steady at 3.75–4.00% despite markets pricing further hikes amid persistent inflation and mixed growth signals. Matthias Scheiber and Rushabh Amin argue resulting economic dispersion creates opportunities across fixed income, equities, and currencies.
- Fixed Income
Allspring Global Income Fund: Why Flexibility Matters
Allspring's Noah Wise and Hannah Rosencrantz review a volatile year for fixed income, citing inflation, geopolitics and fiscal uncertainty, and argue a flexible six-month horizon helped navigate rate swings while keeping credit exposure selective. They remain constructive on bonds given higher starting yields despite tight valuations and heavy issuance risks.
- Thematics
An Investor’s Guide to the AI Infrastructure Stack
Allspring Global Investments maps the AI infrastructure value chain—from hyperscalers and semiconductors to power and cooling providers—arguing investors should look beyond AI labs to smaller infrastructure firms addressing emerging bottlenecks. Analysts Michael T. Smith, Jon Baranko and Fred Werner contend capital spending recipients, not just spenders, now offer the most attractive opportunities.
- Fixed Income
The Global Income Difference: A Six-Month Perspective
Allspring's Global Fixed Income Team argues a rolling six-month outlook, rather than multi-year forecasts, better captures shifting relative value across sectors, currencies and credit, reducing confirmation and anchoring biases in portfolio decisions.
- Equities
Quarterly Update: Higher Rates and Investment Factors
John Campbell argues rising Treasury yields drove Q3 volatility, favouring value and quality factors over momentum, and expects elevated rates to keep U.S. large caps defensive near-term, with small-cap and international rotation possibly reviving in 2027.