Alternative Investments/ESG: Nuveen Launches ESG Dividend ETF

The ETF provides exposure to U.S. large-cap and mid-cap high dividend paying stocks for investors who value ESG principles.

Nuveen has launched two new ETFs, the Nuveen Growth Opportunities ETF (NYSE: NUGO) and the Nuveen ESG Dividend ETF (CBOE: NUDV) in its drive to help investors build better financial futures. (ETF Database)

Nuveen ESG Dividend ETF (CBOE: NUDV)

This ETF employs a passive management (or indexing) approach, investing primarily in high dividend-paying equity securities issued by companies listed on U.S. exchanges that meet certain environmental, social, and governance (ESG ) criteria. The Fund seeks to track the investment results, before fees and expenses, of the TIAA ESG USA High Dividend Index.

The TIAA ESG USA High Dividend Yield Index is based on the MSCI USA index, its parent index, which captures large-cap and mid-cap securities of the U.S. equity markets.

The Index aims to represent the performance of a set of securities with high dividend income and quality characteristics while maximizing the exposure to positive environmental, social and governance (ESG) factors as well as exhibiting lower carbon exposure than the MSCI USA Index.

It is the first ESG dividend ETF in the industry to incorporate a low carbon criteria.

The fund has a total expense ratio of 0.25%.


“Our suite of differentiated ETFs brings to market Nuveen’s industry-leading expertise, from real-estate to high-conviction active strategies, to ESG-enhanced index funds that are informed by a five-decade track record in responsible investing,”says Jordan Farris, Head of ETF Product, Nuveen. “These funds have delivered upon their investment objectives since their launch in 2016 and continue to grow as investors increasingly seek unique exposures efficiently delivered in the ETF wrapper.”

Related Story: Four New Climate-Focused ESG ETFs From FlexShares

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