Nuveen Investments, a provider of diversified investment services, has launched Nuveen Symphony Credit Opportunities Fund (NCOAX), a new diversified debt instrument mutual fund.
The new fund 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 special situations.
The Nuveen Symphony Credit Opportunities Fund seeks current income and capital appreciation by investing in debt instruments such as bonds, loans and convertible securities, a substantial portion of which may be rated below investment-grade or, if unrated, deemed to be of comparable quality. The fund may also use derivatives, such as swaps, futures and options, to gain investment exposure.
Alan Brown, executive vice president of Nuveen Investments, said: “At a time when robust and fundamental credit analysis is especially critical to constructing quality debt portfolios, we are pleased to bring this new Symphony strategy to retail mutual fund investors.”