With all the press about emerging market funds' outstanding 2009, it's not surprising that fund companies are filling out their line-ups with the international funds.
Thursday, Nuveen Investments
introduced two new funds, including its first emerging markets fund. The Tradewinds Emerging Markets Fund
and Nuveen Tradewinds Global All-Cap Plus Fund
are, as the name suggests, subadvised by Tradewinds
. The funds represent the fifth and sixth time Nuveen has partnered with Tradewinds.
The emerging market funds is managed by Tradewind's Emily Alejos
and Michael Hart
. The fund carries an expense of 185 basis points for A shares, and 160 for I shares, according to the filing
The all-cap invests in U.S. and foreign securities using a long/short strategy. The fund is managed by David Iben
and has an expense of 225 bps for A class shares and 192 bps for I class shares.
A representative from Nuveen could not be reached for comment.
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