FYI: Nuveen, the investment management business of TIAA, debuted its first exchange-traded fund in September 2016 and its most recent ETF last month. The company now has 12 ETFs with total assets of slightly more than $706 million. Nine of its funds invest with a mandate to follow environmental, social and governance (ESG) principles. Interestingly, its first and most-recent products—the Nuveen Enhanced Yield U.S. Aggregate Bond ETF (NUAG) and Nuveen ESG Large-Cap ETF (NULC), respectively, aren’t ESG-focused funds. But for the most part, Nuveen sees ESG investing as its calling card with ETFs, and Financial Advisor recently spoke with Jordan Farris, Nuveen’s head of ETF product development, about Nuveen’s approach to ETF investing.
Regards,
Ted
https://www.fa-mag.com/news/nuveen-etfs-bet-big-on-esg-50539.html?print
