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Nuveen Expands TDF Solutions With New Series
Nuveen, the global investment manager of TIAA, has expanded its target-date fund (TDF) solutions offering with the addition of the Nuveen TIAA Lifecycle Index CIT series.
The new collective investment trust (CIT) series will further complement the firm’s existing TDF suite, which includes an offering of active, passive and blended strategies. The trustee for the CIT is SEI Trust Co., a wholly owned subsidiary of SEI Investments Co. SEI maintains ultimate fiduciary authority over the management of and the investments made in the CIT, with Nuveen acting as the adviser.
With the launch of the Nuveen TIAA Lifecycle Index CIT series, the firm will now offer a passive target-date strategy in both mutual fund (TIAA-CREF Lifecycle Index Funds) and CIT solutions. The latest CIT series will also be managed by Nuveen’s mixed assets portfolio management team, which was recognized for its management of mutual funds for the fifth year in a ro
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