MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
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: MFWire.com/story.asp?s=9368 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |