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Allspring defies private market craze in bid to win Asian wealth race
The $630-billion manager is shunning the industry-wide push into private assets to focus on public market income, driving an eightfold surge in its flagship equity fund.

Allspring Global Investments is doubling down on active public market strategies while avoiding the increasingly saturated private asset sector, a contrarian bet that has fuelled an eightfold surge in its flagship equity fund within a year.
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