Nuveen has launched the NuShares ESG US Aggregate Bond ETF (NUBD), a new exchange-traded fund (ETF) designed to offer exposure to the US investment grade, taxable fixed income market while adhering to certain environmental, social and governance (ESG) principles.
The ETF is now trading on the NYSE Arca.
This latest offering further complements NuShares’ existing suite of ESG ETFs, making it the most comprehensive offering of domestic, international and now fixed income ESG ETFs in the asset management industry.
The ETF seeks to track the investment results of the Bloomberg Barclays MSCI US Aggregate ESG Select Index, which is maintained by Bloomberg Index Services Limited (Bloomberg) pursuant to an agreement between Bloomberg, Barclays Bank PLC and MSCI ESG Research LLC. Like the other ETFs in the ESG suite, the index methodology was created with the assistance of TIAA Investments, one of the largest managers of responsible investment assets in the US across multiple asset classes.
“We are pleased to offer investors the opportunity to build a full asset allocation portfolio that incorporates RI principles and helps to align their full portfolio with their values in a transparent, tax-efficient and low-cost solution,” says Martin Kremenstein, Senior Managing Director and Head of Exchange-Traded Funds at Nuveen.
“Our experience managing ESG fixed income investments dates back to 1990. We are pleased to leverage that deep body of knowledge, the talents of our dedicated ESG fixed income analysts and traders and expertise from across our asset management complex to offer a competitive and innovative ESG fixed income solution to investors,” says Amy O’Brien, managing director and head of Responsible Investment at TIAA Investments.
