Effective 11 July 2023, Anjali Doshi was added as portfolio manager of the Fund.
Effective 24 Oct 2022, the name changed from Nuveen Emerging Markets Debt Fund to Nuveen Emerging Markets Impact Bond Fund and the investment strategy was changed to incorporate a sustainable investing objective. These updates will not impact the portfolio management team.
Fund description
The Fund seeks favourable long-term risk adjusted return, through income and capital appreciation, by investing primarily in a portfolio of hard currency emerging markets fixed-income securities.
The Fund is reporting as an Article 9 fund under the Sustainable Finance Disclosure Regulation (SFDR).
The Fund is actively managed and is not managed in reference to a benchmark. Investors invest in shares of the Fund. The Fund is suitable for long-term investors that are prepared to accept a moderate to high level of volatility. Please see the Key Investor Information Document(s) for more information.
The Fund directs capital toward:
- Issuers that demonstrate environmental, social and governance leadership and are best positioned to address social and/or climate challenges, or
- Securities that meet Nuveen's proprietary fixed income direct and measurable Impact Framework
Investment process:
- Global macro analysis: Emerging markets debt opportunities are considered in relation to global economic, political and market conditions, including conditions within developed countries.
- Country assessment: Country cohort assessment seeks to examine overall country risk to derive the investable universe.
- Fundamental analysis: Following the initial screening of the eligible opportunity set, the investment team engages in deep credit analysis representing a bottom-up assessment of credit quality and valuations.
- ESG analysis: Systematic integration of ESG data to develop ESG ratings alongside internal credit ratings.
- Portfolio construction: Lead portfolio manager allocates tracking error and monitors portfolio positioning relative to benchmark.