Nuveen Investments, a leading provider of diversified investment services, currently announced the availability from the Nuveen Symphony Credit Opportunities Fund (NCOAX). The new fund is the first mutual fund to leverage Symphony Asset Management’s bottom-up credit analysis as it looks across the capital structure of leveraged companies in its efforts to capture risk-adjusted returns in both catalyst-driven and exclusive circumstances. The new fund is now available through advisors at foremost broker-dealers, banks, insurance businesses, fiscal preparing and purchase consulting firms.
The Nuveen Symphony Credit Opportunities Fund seeks current income and capital appreciation by investing in debt instruments including bonds, loans and convertible securities, a substantial portion of which may be rated below investment-grade or, if unrated, deemed to be of comparable top quality. The fund may perhaps also use derivatives, just like swaps, futures and possibilities, to obtain expense exposure.
“At a time when robust and fundamental credit is especially crucial to constructing good quality debt portfolios, we are pleased to bring this new Symphony tactic to retail mutual fund investors,” says Alan Brown, Executive Vice President, Nuveen Investments.
Centered in San Francisco, California, Symphony Asset Management’s expense platform provides customers access to senior bank loans, great yield bonds, convertible bonds and equity, via hedge resources, long-only tactics and structured items. Supported by institutional-quality possibility handle measures and extensive operational assistance, Symphony focuses on intellectually robust analysis of earnings quality, market trends, and trading characteristics since it seeks to provide consistent returns in a very variety of market problems.
Nuveen Investments’ family of mutual funds gives a variety of institutional-caliber purchase methods managed by its high-quality boutique affiliates. Every single mutual fill is built to contribute to some well-constructed diversified portfolio. With just about $23 billion in 60 mutual finances as of March 31, 2010, Nuveen Investments offers a broad selection of fixed income, growth, worth and global portfolios spanning a range of objectives and investment styles.
Portfolio Risks to Consider
Bonds and other fixed income debt securities, for instance those held by the fund, are topic to credit risk and interest rate danger. The worth of, and cash flow produced by debts securities will decrease or increase dependant on adjustments in current market awareness rates along with aspects. Credit history possibility refers to an issuer’s potential to produce interest and principal payments when due. Large yield or lower rated debts securities, generally referred to as junk bonds, are usually regarded as speculative and carry heightened credit possibility and prospective for volatility. The chance of volatility is heightened for alternative or complex investment methods.
An purchase in foreign debt securities presents supplemental dangers not commonly associated with domestic investments for instance adverse political, currency, economic, social or regulatory developments in a nation. This fill is subject to loan settlement possibility due towards the lack of established settlement standards or remedies for failure to settle. Due to the fact the fund presently has fewer assets than a bigger account, substantial inflows and outflows may impact the fund’s market exposure and subsequently its efficiency. Redemption of the large number of shares might theme the fill and its shareholders to leverage threat and disrupt the overall composition of the fund’s portfolio and thereby impede the power to pursue the expense technique. As with any mutual fill, doable loss of principal can also be a possibility.
Nuveen Investments presents good quality investment solutions made to support secure the long-term goals of institutions and great net worth investors as effectively as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized expenditure solutions under the high-quality manufacturers of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Cash. In total, the Business managed $150 billion of assets on March 31, 2010.