Nuveen Global Equity Income Fund Announces Adoption of Currency Hedging Program
October 21 2015 - 5:00PM
Business Wire
Program Seeks to Enhance Investor Demand and Reduce Trading
Discounts
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the Board of Trustees of the Nuveen Global Equity
Income Fund (NYSE: JGV) has approved implementation
by the fund of a currency hedging program effective January 1,
2016. Under the program, the fund will systematically hedge the
currency risk from its investments in non-US dollar denominated
foreign equity securities. The goal of the program is to enhance
shareholder value by offering a global portfolio of attractive,
dividend-paying stocks without the additional risk from currency
exposure. The program is being implemented to differentiate the
fund more clearly from peers, potentially reduce incremental
volatility from currency exposure and allow the fund to implement
its managed distribution policy more effectively.
More information on this can be found in the JGV Q&A
Document.
Nuveen Investments provides high-quality investment services
designed to help secure the long-term goals of institutional and
individual investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets a wide range of
specialized investment solutions which provide investors access to
capabilities of its high-quality boutique investment
affiliates—Nuveen Asset Management, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and subsidiaries of Nuveen
Investments, Inc. Nuveen Investments operates as a separate
subsidiary within TIAA-CREF, which is a leading provider of
retirement and financial services in the academic, research,
medical and cultural fields. In total, Nuveen Investments managed
approximately $230 billion as of June 30, 2015. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
11211-INV-O-10/16
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Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343KRISTYNA.MUNOZ@NUVEEN.COM
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