04 Mar 2021
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Nuveen NWQ secures over $2B for Flexible Income Strategy in Japan
NWQ, an investment affiliate of Nuveen, a leading global investment manager with $1.2 trillion of assets under management (AUM), has raised over $2B in additional capital in Japan for the NWQ Flexible Income strategy.
The Flexible Income strategy is one of the three main products under NWQ, which focuses on utilizing an opportunistic strategy to invest in a wide range of income producing securities including fixed income and equities. In investing in corporate securities across the capital structure where there are attractive valuations, the strategy targets providing current income and positive risk-adjusted capital appreciation.
The new capital was secured from several investor channels including corporate treasuries, pension funds, asset manager and retail investors, and brings the total AUM as of 31 December 2020 under NWQ to $11.5 billion.
“The ability of the Flexible Income strategy to continue to attract confidence from investors, particularly following a year that was full of uncertainties, is testament of the strategies strengths and value proposition with a diversified approach in securities,” said Michinobu Suzuki, Head of Japan.
“The ongoing pandemic has resulted in market dislocations and given rise to opportunities in companies with growth potential and undervaluation’s as capital structures are reviewed for optimization. As the world works towards broader recovery and Asia in particular continues to lead this, we are confident in leveraging our long-standing expertise within fixed income and equities.”