CHICAGO--(EON: Enhanced Online News)--Nuveen, an operating division of TIAA Global Asset Management, has launched the NuShares Short-Term REIT ETF, which will begin trading today on the Bats Exchange, Inc. under the ticker NURE.
The fund seeks to track the investment results of the Dow Jones U.S. Select Short-Term REIT Index. The Index is comprised of equity REITs traded on U.S. exchanges that are classified as concentrating their holdings in apartment buildings, hotels, self-storage facilities or manufactured home properties; REITs investing in these properties typically have shorter lease durations than REITs investing in other properties.
“We are eager to follow the successful introduction of our ESG-focused ETFs with the launch of the NuShares Short-Term REIT ETF. As short-term REITS have historically outperformed the broad U.S. listed REIT universe in times of rising interest rates, we are pleased to offer investors exposure that is unique to the ETF marketplace,” said Martin Kremenstein, Managing Director and Head of Exchange-Traded Funds at Nuveen.
For more information about the NuShares ETFs, please visit Nuveen’s NuShares ETF homepage by clicking here.
Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. Through the investment expertise of leading asset managers across traditional and alternative asset classes, Nuveen is committed to delivering consultative guidance that aligns with client needs. Nuveen is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen website at www.nuveen.com.
Before investing, carefully consider fund investment objectives, risks, charges and expenses. For this and other information that should be read carefully, please request a prospectus or summary prospectus from your financial advisor or Nuveen at 800-257-8787 or visit www.nuveen.com.
This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted.
Investing involves risk; principal loss is possible. There is no guarantee the fund’s investment objectives will be achieved. This ETF seeks to generally track the investment results of an index; however the fund may underperform, outperform or be more volatile than the referenced index. This fund invests in REITS and real estate companies. The real estate industry is greatly affected by economic downturns or by changes in real estate values, rents, property taxes, interest rates, tax treatment, regulations, or the legal structure of the REIT. The value of equity securities may decline significantly over short or extended periods of time. The fund’s assets will generally be concentrated in the securities of issuers in the real estate sector, and, accordingly, the fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more susceptible to adverse economic, market, political or regulatory occurrences affecting that industry. These and other risk considerations, such as interest rate, non-diversification, and smaller company risks, are described in detail in the fund’s prospectus.
Shares of ETFs are bought and sold at market price as opposed to net asset value. As a result, an investor may pay more than net asset value when buying and receive less than net asset value when selling. In addition, brokerage commissions will reduce returns. Fund shares are not individually redeemable directly with the fund, but blocks of shares may be acquired from the fund and tendered for redemption to the fund by certain institutional investors in Creation Units.
NuShares ETFs are distributed by Nuveen Securities, LLC, a subsidiary of Nuveen.
NUVEEN and NuSHARES are registered trademarks of Nuveen.