US-based asset manger Nuveen Investments and TIAA-CREF Asset Management (TCAM) have launched three UCITS funds to non US investors.
The new UCITS strategies, which will be sub-advised by TCAM’s Teachers Advisors, will be offered via Nuveen Global Investors Fund.
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The new funds include a global equity ESG strategy, a US bond ESG strategy as well as an emerging market debt strategy.
The TIAA Global Equity ESG strategy aims to generate long-term total return that reflects the investment performance of the overall global stock market while giving special consideration to certain ESG criteria.
It will focus on companies that demonstrate ESG leadership in their respective sectors, including impact on stakeholders such as employees, communities, customers, suppliers and the environment.
The TIAA US Bond ESG strategy will generate long-term total return through income and capital appreciation while giving special consideration to certain environmental, social, and governance criteria.
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By GlobalDataThe fund will invest in a wide 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.
Also, it will invest a portion of its assets in fixed-income instruments that reflect proactive social investments.
The TIAA Emerging Markets Debt strategy will invest primarily in a portfolio of emerging markets fixed-income investments as well as in fixed income securities issued in EM countries, including corporate, sovereign and quasi-sovereigns with ratings of B- or better, but it may also invest in lower-rated bonds.
