Nuveen adds global credit impact strategy

Nuveen has launched a new global credit impact strategy with a $170 million initial investment.

The strategy looks to provide investors with access to investment grade corporates with investments addressing issues such as access to affordable housing and environmental issues such as climate change and the regeneration of natural resources. The strategy will be co-managed by portfolio manager Jessica Zarzycki and Stephen Liberatore, head of fixed income impact.

Jessica Zarzycki, portfolio manager of the Global Credit impact strategy, said, “The strategy will seek to not only consistently outperform the global corporate bond market on an excess and risk-adjusted basis, but also aim to lower the cost of capital for environmental and social projects by funding initiatives through the easily accessible, liquid public fixed income markets. We are encouraged by the level of client interest in the strategy at launch and their belief in our position as an innovator in impact investing.”

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