Bringing you live news and features since 2006 

Nuveen adds large-cap strategy to suite of ESG ETFs

RELATED TOPICS​

The Nuveen ESG Large-Cap ETF (NULC), a new exchange-traded fund (ETF) designed to offer exposure to the US large-cap market while adhering to certain environmental, social and governance (ESG) principles, is now trading today on the Cboe BZX Exchange. 

This latest offering from Nuveen complements its existing suite of ESG ETFs, making it among the most comprehensive offering of domestic equity, international equity and fixed income ESG ETFs in the investment management industry.

“The addition of a large-cap strategy to our ESG ETF suite provides a great opportunity for investors to build a broadly diversified ETF portfolio integrating responsible investing principles,” says Jordan Farris, head of ETF Product Development at Nuveen. “We firmly believe that the benefits of risk mitigation inherent in an RI approach offer the potential for having a positive long-term impact on investment performance.”

The Nuveen Large-Cap ETF seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Large Cap Index (the Index). Like the other ETFs in the Nuveen ESG suite, the Index methodology was created in collaboration with the Responsible Investing team at Nuveen, one of the largest managers of responsible investment assets in the US across multiple asset classes. The Index selects from the securities included in the MSCI USA Index (the Base Index), which generally consists of large-and mid-capitalisation US equity securities. MSCI is the index provider for the Index and the Base Index. The Index and the Base Index are owned, calculated and controlled by MSCI, in its sole discretion. Neither the sub-adviser nor its affiliates has any discretion to select Index components or change the Index methodology.

“Nuveen’s latest responsible investing survey results demonstrate the continued need for investment options that put responsible investing principles at the forefront,” says Amy O’Brien, senior managing director and global head of responsible investing at Nuveen. “The launch of this newest ETF offers a competitive and innovative ESG large-cap solution to our clients,” O’Brien continued.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by