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Nuveen launches five ESG ETFs

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Nuveen has launched a suite of five exchange-traded funds (ETFs) that track indices employing environmental, social and governance (ESG) criteria.

The NuShares ESG ETFs, which are now trading on the Bats Exchange, seek to track the investment performance of the US stock market across various market capitalisations and investment styles while giving special consideration to certain ESG criteria.
 
The NuShares ESG ETFs draw upon the responsible investment expertise of TIAA Investments.
 
The name and ticker of each NuShares ESG ETF, as well as the name of the index each ETF is designed to track, are: NuShares ESG Large-Cap Value ETF (NULV) – TIAA ESG USA Large-Cap Value Index; NuShares ESG Large-Cap Growth ETF (NULG) – TIAA ESG USA Large-Cap Growth Index; NuShares ESG Mid-Cap Value ETF (NUMV) – TIAA ESG USA Mid-Cap Value Index; NuShares ESG Mid-Cap Growth ETF (NUMG) – TIAA ESG USA Mid-Cap Growth Index; and NuShares ESG Small-Cap ETF (NUSC) – TIAA ESG USA Small-Cap Index.
 
“Following the success of our initial ETF offering, NuShares Enhanced Yield US Aggregate Bond ETF (NUAG), we are pleased to bring this new suite of ETFs to the market as we strive to offer our clients products that are most meaningful to their long-term portfolio needs and success,” says Martin Kremenstein, managing director and head of exchange-traded funds at Nuveen. “This latest offering highlights the many areas of strength across our firm as we are able to leverage the widely respected ESG expertise of TIAA with the product development and service platform of Nuveen.”
 
ESG investing has been a bright spot for the asset management industry, representing a significant growth opportunity as investors increasingly seek to align their investments with their values.
 
In a recent TIAA Global Asset Management survey of over 1,000 high net worth US investors, 89 per cent said they would like to invest responsibly as long as they could achieve the same or better investment returns, and nearly three quarters of respondents said they would be more likely to work with advisers who were able to offer them competitive investment options that also have a positive impact on society.
 
“Investors are beginning to realise that it is indeed possible to build a well-diversified portfolio of ESG options that can deliver competitive returns. Offering a comprehensive range of ESG products and strategies that helps investors achieve their financial goals is critical,” says Amy O’Brien, managing director and head of responsible investment at TIAA Global Asset Management. “We expect interest in ESG investing to continue to grow in 2017, and we intend to continue to leverage the knowledge we’ve acquired during our decades of experience in socially responsible investing in order to become an indispensable ESG resource for investors and their advisers.”

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