Nuveen has launched a Global Credit impact strategy to generate long-term returns while seeking to create a direct, measurable social and environmental impact.
It is the latest in a series of launches from Nuveen’s $413bn (£316bn) fixed income platform, and is backed by $170mn (£130mn) in investments from global investors including Gjensidige Pensjonsforsikring and Nuveen’s parent company, TIAA.
The strategy seeks to provide investors with exposure to investment grade corporates and other credit sectors designed to deliver alpha and total return. Investments in the portfolio will include the use of proceeds towards environmental or social outcomes, and from issuers that deliver transparent impact reporting.
Overall, the strategy aims to address real world issues, such as access to affordable housing and community development, as well as environmental issues ranging from climate change to the regeneration of natural resources.
The strategy will be co-managed by portfolio manager Jessica Zarzycki and Stephen Liberatore, head of fixed income impact.
Anders Persson, chief information officer of global fixed at Nuveen, said: “Growing our fixed income platform and specialist range are cornerstones of our continued international expansion as a truly global asset management business.
“Nuveen has a deep history of being at the forefront of product innovation, from our founder John Nuveen pioneering the municipal bond market as a means of financing US infrastructure, to our work in green, blue and orange bonds in recent years.
“This launch is just the next step in Nuveen’s continued growth in terms of offering alongside further partnering with like-minded investors across the world who share in our vision of investing to make an enduring impact on the world.”
