Nuveen Investments, a global provider of investment services to institutions as well as individual investors, announced the introduction of two new mutual funds managed by its dividend-focused growth equities manager, Santa Barbara Asset Management. The Nuveen Santa Barbara Global Dividend Growth Fund (NUGAX) and Nuveen Santa Barbara International Dividend Growth Fund (NUIAX) are managed by Santa Barbara Chief Investment Officer, James Boothe.
Drawing upon the investment process behind its flagship Nuveen Santa Barbara’s Dividend Growth Fund (NSBAX), the two new funds seek out companies across the world that pay quality dividends and have the ability to grow and maintain their dividend on a long-term basis, thus offering investors a compelling core portfolio holding. The funds are available through advisors at leading broker-dealers, banks, insurance companies, financial planning and investment consulting firms.
The Nuveen Santa Barbara Global Dividend Growth Fund focuses on global equity securities of companies that have potential for dividend income and dividend growth in an effort to provide an attractive total return comprised of dividends and long-term capital appreciation. The Nuveen Santa Barbara International Dividend Growth Fund focuses on international equities that offer current dividend income and have the potential for future dividend growth in an effort to provide an attractive total return comprised of both dividends and long-term capital appreciation.