Nuveen Investments has introduced the Nuveen Inflation Protected Municipal Bond Fund to retail investors. The product is now available via advisors at broker-dealers, banks, insurance companies, financial planning and investment consulting firms.
The vehicle is designed to help protect its portfolio of intermediate-term investment-grade municipal bonds from the negative effects of rising inflation. The fund, which is co-managed by Dan Close and Doug Baker, seeks a more tax-efficient approach to managing inflation risk primarily through its use of derivatives.
Click here for the release from Business Wire.