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Nuveen and TIAA-CREF Partner to Offer Three New UCITS to Non-US Investors
- New ESG Strategies Managed by Recognized Leader in Responsible Investment
- Emerging Markets Debt Strategy Provides Exposure to a Broad Spectrum of EMD Securities
Chicago, October 19, 2015 — Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced it has extended its portfolio offerings to non-U.S. investors with the availability of three new UCITS strategies featuring the investment expertise of TIAA-CREF Asset Management (TCAM). Sub-advised by TCAM’s Teachers Advisors, Inc., the new strategies are offered via Nuveen Global Investors Fund plc through a UCITS structure.
Respected for its decades-long leadership in the responsible investment space, TCAM will manage two ESG strategies that include a global equity ESG strategy and a U.S. bond ESG strategy. Additionally, TCAM will manage an emerging market debt strategy.
The TIAA Global Equity ESG strategy seeks a favorable long-term total return that reflects the investment performance of the overall global stock market while giving special consideration to certain ESG criteria. The evaluation process favors companies that demonstrate ESG leadership in their respective sectors, including impact on stakeholders such as employees, communities, customers, suppliers and the environment.
The TIAA U.S. Bond ESG strategy seeks a favorable long-term total return through income and capital appreciation while giving special consideration to certain environmental, social, and governance criteria. The strategy invests in a broad range of publicly traded Investment Grade bonds and fixed income securities including U.S. Government securities, corporate bonds, taxable U.S. municipal securities and mortgage-backed or other asset backed-securities, subject to ESG criteria. Additionally, the strategy invests a portion of its assets in fixed-income instruments that reflect proactive social investments. These investments provide direct exposure to issuers and/or individual projects that have clear and measurable social or environmental benefits
The TIAA Emerging Markets Debt strategy seeks a favorable long-term total return, through income and capital appreciation, by investing primarily in a portfolio of emerging markets fixed-income investments. It typically invests the majority of its assets in fixed-income securities issued in emerging markets countries, including corporate, sovereign and quasi-sovereign fixed-income securities with ratings of B- or better, but it may also invest in lower-rated bonds.
Since its founding in 1898, Nuveen Investments has been committed to delivering high quality investments services. Nuveen takes a long-term perspective in managing portfolios; and through its multi-boutique model of independent institutional asset managers, offers an array of actively managed and index-enhanced investment products designed to balance expected returns (alpha) and risk, to help achieve the long-term financial goals of our clients. Providing a UCITS framework represents an important step in the firm’s measured approach to offering high-quality investment strategies in a product structure preferred by many institutional and retail investors throughout Europe, South America, and Asia. For non-U.S. investors looking to learn more about Nuveen’s UCITs offerings, visit www.nuveenglobal.com or www.tiaa.org/UCITS .
About Nuveen Investments
Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and independent investment subsidiaries of Nuveen Investments, Inc. Nuveen Investments operates as a separate subsidiary within TIAA-CREF, which is a leading provider of retirement and financial services in the academic, research, medical and cultural fields. In total, Nuveen Investments managed approximately $230 billion as of June 30, 2015. For more information, please visit the Nuveen Investments website at www.nuveen.com .
TIAA-CREF www.tiaa.org is a national financial services organization with $834 billion in assets under management (as of 9/30/2015) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
About TIAA-CREF Asset Management
TIAA-CREF Asset Management ( www.tiaa-cref.org/public/assetmanagement) is part of the TIAA-CREF group of companies and provides investment advice and portfolio management services to individual investors, intermediaries and institutional clients through its subsidiaries. Its strategies cover a wide array of global asset classes, including equities, fixed income, real estate and alternative investments.