Nuveen Changes Portfolio Managers for Multi-Asset Income Fund
- Portfolio Manager Change: Nuveen Multi-Asset Income Fund (NYSE: NMAI) has immediately changed its portfolio managers, with Mark Zheng, James Kim, and John Tribolet taking over, while Nathan Shetty and Anurag Dugar are no longer involved, ensuring that the fund's strategy and investment objectives remain unaffected.
- Mark Zheng's Background: Mark Zheng has been with Nuveen since 2010, focusing on multi-sector portfolio management and has held various roles, including co-manager of fixed income strategies, enhancing the fund's management capabilities through his strategic and quantitative analysis expertise.
- James Kim's Experience: James Kim manages high yield investment strategies and has over five years of experience in special situations management, previously leading global fixed income research at Nuveen, which strengthens the fund's competitive edge in the high yield sector.
- John Tribolet's Role: John Tribolet oversees portfolio management for several global and international strategies, bringing extensive international investment experience from his previous role as head of global equities research at Nuveen, thereby enhancing the company's investment capabilities in international markets.
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Nuveen Changes Portfolio Managers for Multi-Asset Income Fund
- Portfolio Manager Change: Nuveen Multi-Asset Income Fund (NYSE: NMAI) has immediately changed its portfolio managers, with Mark Zheng, James Kim, and John Tribolet taking over, while Nathan Shetty and Anurag Dugar are no longer involved, ensuring that the fund's strategy and investment objectives remain unaffected.
- Mark Zheng's Background: Mark Zheng has been with Nuveen since 2010, focusing on multi-sector portfolio management and has held various roles, including co-manager of fixed income strategies, enhancing the fund's management capabilities through his strategic and quantitative analysis expertise.
- James Kim's Experience: James Kim manages high yield investment strategies and has over five years of experience in special situations management, previously leading global fixed income research at Nuveen, which strengthens the fund's competitive edge in the high yield sector.
- John Tribolet's Role: John Tribolet oversees portfolio management for several global and international strategies, bringing extensive international investment experience from his previous role as head of global equities research at Nuveen, thereby enhancing the company's investment capabilities in international markets.
Nuveen Closed-End Funds Declare Distributions and Nuveen Multi-Asset Income Fund Announces Change from Quarterly to Monthly Regular Distributions
Distribution Announcements: Several Nuveen closed-end funds have declared distributions, with the Nuveen Multi-Asset Income Fund changing its distribution frequency from quarterly to monthly starting July 1, 2025, reflecting a reduction in the distribution amount.
Investment Strategy and Information Access: The funds aim to provide diversified cash flow for retirement income needs, and shareholders can access regular updates on distributions and fund performance through the Nuveen website.
3 Cheap 12%+ Dividends the Rebound Left Behind
Investment Opportunity: Following the April stock market decline, there are attractive opportunities in closed-end funds (CEFs) offering dividends over 12%, with discounts to their net asset values (NAV) still available for income investors.
Highlighted Funds: Three specific CEFs are recommended: Nuveen Floating Rate Income Fund (JFR) with a 12.5% yield, Nuveen Multi-Asset Income Fund (NMAI) at 13.6%, and abrdn Total Dynamic Dividend Fund (AOD) yielding 12.8%, all of which are expected to benefit from narrowing discounts and increasing investor interest.
Insider Sale: 10% owner at $NMAI (NMAI) Sells 35,723 Shares
Insider Trading Activity: Capital Management, L.P. Saba sold 35,723 shares of $NMAI on December 27, 2024, representing about 1.0% of their holdings, leaving them with 3,703,088 shares. In the past six months, all 39 insider trades were sales, with no purchases recorded.
Institutional Investor Movements: Recently, 20 institutional investors increased their positions in $NMAI stock while 30 reduced theirs, indicating mixed sentiment among larger stakeholders regarding the company's stock performance.
Nuveen Changes Portfolio Managers for Multi-Asset Income Fund
- Portfolio Manager Change: Nuveen Multi-Asset Income Fund (NYSE: NMAI) has immediately changed its portfolio managers, with Mark Zheng, James Kim, and John Tribolet taking over, while Nathan Shetty and Anurag Dugar are no longer involved, ensuring that the fund's strategy and investment objectives remain unaffected.
- Mark Zheng's Background: Mark Zheng has been with Nuveen since 2010, focusing on multi-sector portfolio management and has held various roles, including co-manager of fixed income strategies, enhancing the fund's management capabilities through his strategic and quantitative analysis expertise.
- James Kim's Experience: James Kim manages high yield investment strategies and has over five years of experience in special situations management, previously leading global fixed income research at Nuveen, which strengthens the fund's competitive edge in the high yield sector.
- John Tribolet's Role: John Tribolet oversees portfolio management for several global and international strategies, bringing extensive international investment experience from his previous role as head of global equities research at Nuveen, thereby enhancing the company's investment capabilities in international markets.
Nuveen Closed-End Funds Declare Distributions and Nuveen Multi-Asset Income Fund Announces Change from Quarterly to Monthly Regular Distributions
Distribution Announcements: Several Nuveen closed-end funds have declared distributions, with the Nuveen Multi-Asset Income Fund changing its distribution frequency from quarterly to monthly starting July 1, 2025, reflecting a reduction in the distribution amount.
Investment Strategy and Information Access: The funds aim to provide diversified cash flow for retirement income needs, and shareholders can access regular updates on distributions and fund performance through the Nuveen website.
3 Cheap 12%+ Dividends the Rebound Left Behind
Investment Opportunity: Following the April stock market decline, there are attractive opportunities in closed-end funds (CEFs) offering dividends over 12%, with discounts to their net asset values (NAV) still available for income investors.
Highlighted Funds: Three specific CEFs are recommended: Nuveen Floating Rate Income Fund (JFR) with a 12.5% yield, Nuveen Multi-Asset Income Fund (NMAI) at 13.6%, and abrdn Total Dynamic Dividend Fund (AOD) yielding 12.8%, all of which are expected to benefit from narrowing discounts and increasing investor interest.
Insider Sale: 10% owner at $NMAI (NMAI) Sells 35,723 Shares
Insider Trading Activity: Capital Management, L.P. Saba sold 35,723 shares of $NMAI on December 27, 2024, representing about 1.0% of their holdings, leaving them with 3,703,088 shares. In the past six months, all 39 insider trades were sales, with no purchases recorded.
Institutional Investor Movements: Recently, 20 institutional investors increased their positions in $NMAI stock while 30 reduced theirs, indicating mixed sentiment among larger stakeholders regarding the company's stock performance.
