Nuveen Taps Familiar Subadvisor for New ETF
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Tuesday, March 29, 2005

Nuveen Taps Familiar Subadvisor for New ETF

Nuveen Investments has tapped Stamford, Connecticut-based Spectrum Asset Management for a new exchange-traded fund.

Nuveen's Tax-Advantaged Floating Rate Fund raised more than $300 million in an initial offering on the NYSE on March 29.

Spectrum managers invest the portfolio in adjustable rate preferred securities issued by small- to mid-sized banking companies, a strategy that is the first of its kind in the U.S. market, said Mark Lieb, Spectrum founder and executive director.

Spectrum subadvises $7.7 billion in assets for six Nuveen ETFs.

Printed from:

Copyright 2005, InvestmentWires, Inc.
All Rights Reserved
Back to Top