NuShares International ETF Options to Diversify ESG Exposure

Nuveen has expanded upon its NuShares exchange traded fund suite to help investors gain exposure to international companies that exhibit strong environmental, social and governance principles.

On Wednesday, Nuveen launched the NuShares ESG International Developed Markets Equity ETF (BATS: NUDM) and NuShares ESG Emerging Markets Equity ETF (BATS: NUEM). NUDM has a 0.40% expense ratio and NUEM has a 0.45% expense ratio.

“As we designed our latest ETF offering, we wanted to squarely address investors’ desire to diversify their core equity portfolio with investment options that not only provide key benchmark exposure, but also align their international equity investments with their values,” Martin Kremenstein, Senior Managing Director and Head of Exchange-Traded Funds at Nuveen, said in a note. “To date, there have been limited ETF solutions for investors who value ESG principles, yet want to assemble a full equity asset allocation framework. When taken as a whole, our growing suite of ESG ETFs addresses this need.”

NUDM tries to reflect the performance of the TIAA ESG International Developed Markets Equity Index, which is comprised of developed market companies outside North America taken from the MSCI EAFE Index that meet certain ESG criteria based on ESG performance data collected by MSCI ESG Research.