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Nuveen launches two new ETFs including ESG and semi-transparent structure


Nuveen has launched two new ETFs, the Nuveen Growth Opportunities ETF (NYSE:NUGO) and the Nuveen ESG Dividend ETF (Cboe:NUDV).

NUGO is actively managed by Karen Hiatt, CFA, and will seek to outperform the Russell 1000 Growth Index by investing in 40-65 high conviction securities, making up approximately 10 per cent of the broader index. The firm writes that, leveraging Nuveen’s expertise in stock selection, analytics and product structuring capabilities across the scale of its USD1.2 trillion platform, NUGO is the firm’s first alpha-seeking strategy to be launched only in the semi-transparent active ETF wrapper.
NUDV is the first ESG Dividend ETF in the industry to incorporate a low-carbon criteria, the firm writes. The fund is focused on providing yield and seeks to track an ESG-enhanced custom index developed by Nuveen’s Responsible Investing team.
“Our suite of differentiated ETFs brings to market Nuveen’s industry-leading expertise, from real-estate to high-conviction active strategies, to ESG-enhanced index funds that are informed by a five-decade track record in responsible investing,”says Jordan Farris, Head of ETF Product, Nuveen. “These funds have delivered upon their investment objectives since their launch in 2016 and continue to grow as investors increasingly seek unique exposures efficiently delivered in the ETF wrapper.”

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