Nuveen, the investment manager of TIAA, is expanding its alternative investment platform for the wealth market, launching a collateralized loan obligation (CLO) exchange traded fund (ETF).
The ETF will focus on the single A segment, in contrast to the majority of CLO ETFs now available, which focus on triple A-rated CLOs, and builds on Nuveen’s long-established alternatives platform.
“To complement traditional income portfolios, and with increased awareness of the robust yields and lower historical defaults of CLOs, we’re seeing significant demand among our clients for this attractive alternative credit allocation,” said Jeff Carlin, head of global wealth advisory services at Nuveen.
The launch of Nuveen’s new Private Markets
