Nuveen enters active ETF market with three semi-transparent actively managed funds
The US’s Nuveen has launched its first suite of active semi-transparent ETFs. The firm writes that, already available as mutual fund strategies, the three semi-transparent active ETFs combine the structural advantages of both the ETF and mutual fund wrappers, with the objective of helping clients meet their financial goals through the investment vehicle of their choice.
The Nuveen Small Cap Select ETF (NYSE: NSCS) is based on the mutual fund entitled the Nuveen Small Cap Select Fund; the Nuveen Dividend Growth ETF (NYSE: NDVG) is based on the mutual fund entitled the Nuveen Santa Barbara Dividend Growth Fund and the Nuveen Winslow Large-Cap Growth ESG ETF (NYSE: NWLG) is based on the mutual fund entitled the Nuveen Winslow Large-Cap Growth ESG Fund.
Managing more than USD185 billion in AUM, the managers for the three funds bring nine decades of combined experience and demonstrated ability to generate alpha. A total of seven portfolio managers deploy these high-conviction strategies informed by the evaluation of the financial prospects of companies, analysis of market behavior and exploitation of market trends.
“Delivering Nuveen’s best thinking in an active ETF format is an intuitive evolution of our proud tradition of active management. These proven equity strategies incorporate our unique combination of expertise in stock selection, analytics and portfolio modelling with product structuring capabilities across the scale of our USD1.2 trillion platform,” says Jordan Farris, Head of ETF Product, Nuveen. “We are committed to providing choice to clients within their preferred wrapper and the opportunity to build portfolios across our range of products, including mutual funds, closed-end funds, and both index and active ETF options.”