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Incapital and Nuveen Investments expand unit trust partnership


Incapital LLC and Nuveen Investments have expanded their joint-distribution and portfolio consultant unit trust partnership with the addition of new unit trusts and expanded sales resources at both firms.

Since the beginning of 2014, Nuveen and Incapital have partnered together on key aspects of unit trust product development, marketing, distribution and client relationship management. In this partnership, Incapital serves as trust underwriter and sponsor, providing units to the public through broker-dealers and other firms.  Nuveen Investments, through its several affiliates, serves as portfolio consultant responsible for developing investment strategies and constructing model portfolios for the unit trusts.

John DesPrez, Incapital's Chief Executive Officer, says: "Incapital's relationship with Nuveen Investments continues to deepen. With the expansion of our joint-distribution agreement, we will be offering a wider range of investment strategies to thousands of additional financial advisors and their clients."

Since inception of the partnership, Incapital has offered five equity unit trust strategies that draw upon the deep and specialized expertise of Nuveen Investments' affiliates:

• Nuveen Equity Outlook Portfolios
• Nuveen Large Cap Dividend Portfolios
• Nuveen Core Real Estate Securities Portfolios
• Nuveen NWQ Global Dividend Value Portfolios
• Nuveen Tradewinds Global Energy Revolution Portfolio

To further broaden its platform for clients, Incapital has been working closely with Nuveen this year to develop a robust pipeline of new unit trusts employing a variety of strategies and themes. Capitalising on the recently closed Nuveen 2015 Equity Outlook Portfolio, Series 68, which more than doubled in assets from the prior year's series, Incapital filed an initial registration statement with the Securities and Exchange Commission (SEC) for the Nuveen 2015 Mid-Year Equity Outlook Portfolio, Series 86. This new unit trust's portfolio selection is led by Bob Doll, Nuveen Asset Management's Senior Portfolio Manager and Chief Equity Strategist, and seeks to include a mid-year update in which Bob Doll reassesses his investment outlook as expressed in his 2015 Ten Predictions.

Additionally, Incapital filed an initial registration statement with the SEC for the Nuveen Symphony Low Volatility Equity Portfolio, Series 88, which employs the investment expertise of Symphony Asset Management, an affiliate of Nuveen Investments. Recognised for their rigorous fundamental research and alternative investment/hedge fund expertise, Symphony applies a team-based approach to valuation and risk analysis, which seeks to identify and translate relative value into desired risk/reward portfolio outcomes. 

Bill Adams, Nuveen Investments' Senior Executive Vice President and Head of Global Structured Products, adds: "We are very pleased to expand our relationship with Incapital as we work to bring innovative investment options to investors. We believe unit trusts can expand the ability of investors and their advisors to access the specialised investment expertise of our affiliates across a broad range of asset classes to help them better achieve their financial objectives." 

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