Nuveen investment affiliate NWQ has raised over US$2 billion in additional capital in Japan for its flexible income strategy. One of the company’s three main products, the opportunistic strategy invests 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 managers and retail investors, and brings NWQ’s assets under management to US$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 strategy’s strengths and value proposition with a diversified approach in securities,” says Michinobu Suzuki, Nuveen's head of Japan.
“The ongoing pandemic has resulted in market dislocations and given rise to opportunities in companies with growth potential and undervaluation 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.”
Nuveen, the investment manager of Teachers Insurance and Annuity Association of America, has US$1.2 trillion in assets under management as of December 31 2020 and operations in 27 countries.