Allspring Global Investments, an asset manager with $570 billion in assets under advisement, will start offering active ETFs. Currently, the firm manages $423 billion in fixed-income and money market assets, $135 billion in equity assets and $12 billion in multi-assets.
“We believe the active ETF industry will continue to evolve, and we are taking a thoughtful approach, evaluating expansion opportunities across strategies managed by our investment teams with strong track records and deep investment experience,” company executives said in a statement.
Allspring declined to comment further.
Rick Genoni, Allspring’s global head of product development and innovation, will lead its efforts to expand into the ETF space. Prior to joining Allspring in 2022, Genoni worked as head…
