The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Nuveen 
Nuveen, a $1.2 trillion global asset manager, has just launched a Global Credit impact strategy which aims to generate long-term returns while seeking to create a direct, measurable social and environmental impact. It has already attracted a range of investors with investment of around $170 million, including Norwegian life insurance company, Gjensidige Pensjonsforsikring, and co-investment from Nuveen’s parent company, TIAA. It is open to both European and Asian investors, the firm told this news service.

The Global Credit impact strategy, which is the latest in a series of launches from Nuveen’s $413 billion fixed income platform, draws upon the firm’s expertise and history of managing fixed income portfolios focused on sustainability.

It will seek to provide investors with access to investment grade corporates and other credit sectors designed to deliver alpha and total return, the firm continued. Investments in the portfolio will have exclusive use of proceeds benefiting environmental or social outcomes, and from issuers with commitment and an ability to deliver transparent impact reporting. It will aim to address real world issues such as access to affordable housing and community development, as well as environmental issues ranging from climate change to the regeneration of natural resources.

The strategy will be co-managed by portfolio manager Jessica Zarzycki and Stephen Liberatore, head of fixed income impact.