The new funds apply Tradewinds’ collaborative research process to major global market themes, and are currently available through advisors at broker-dealers, banks, insurance companies, financial planning and investment consulting firms.
The NTEAX seeks long-term capital appreciation as its investment objective, with the MSCI emerging markets index serving as the fund’s benchmark. The NPTAX represents an application of the NPTAX strategy with the addition of shorting capabilities. The global all-cap plus fund also seeks long-term capital appreciation as its investment objective and its benchmark is the MSCI AC world index.
Both funds’ investment process employs Tradewinds’ bottom-up research aimed at selecting under-valued securities that are believed to be mispriced, misperceived or underfollowed and that have the prospects of improving business fundamentals.
Alan Brown, executive vice president at Nuveen Investments, said: “We are pleased to bring these two new Tradewinds strategies to retail mutual fund investors at a time when investment opportunities are increasingly found outside of the US. We believe the emerging markets and global all-cap plus funds can provide investors meaningful exposure to Tradewinds’ institutional-caliber global investment strategies.”
