Nuveen Files Plans for Aggregate Bond ETF

Last year, Nuveen revealed plans to convert some of its commodities mutual funds to ETFs as part of its effort to reenter the ETF business.

Nuveen has not been completely absent from the ETF business. The firm partners with State Street’s (NYSE: STT) State Street Global Advisors unit on at least seven fixed income ETFs, including the SPDR Nuveen S&P High Yield Municipal Bond ETF (NYSEArca: HYMB), SPDR Nuveen Barclays Build America Bond ETF (NYSEArca: BABS) and the SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI).

Related: Bond ETF Jitters

“Nuveen applied with the SEC for “exemptive relief” for actively managed and index-tracking exchange-traded funds last year. Nuveen pioneered but didn’t pursue plans more than a decade ago to bring the first bond ETF to market,” according to Barron’s.

For more information on the fixed-income market, visit our bond ETFs category.

Tom Lydon’s clients own shares of AGG.