Data & Research March 1, 2010

A Fifth of Small-Business Owners Tap into 401(k)s

The recession has taken a toll on small-business owners' retirement savings and personal health, according to a new survey.
Reported by

A press release from management consultant George S. May International said 20% of respondents to its survey reported tapping into their 401(k)s for living expenses. Forty-one percent said they have not taken a salary in order to keep their businesses going.

More than a quarter of respondents (27%) indicated they do not have the financial resources to weather the next quarter. Eighty percent of the respondents give their business a nine-month lifespan if economic conditions do not improve, 16% said three months, and 4% reported six months of survival.

In addition, the survey of 713 small-business owners across the United States found that 52% said they’ve experienced negative health effects—both physically and mentally—due to the recession.

Products March 1, 2010

Nuveen Expands Global Investment Reach, Platform

Nuveen Investments has extended its offerings to non-U.S. investors with the availability of two new strategies.
Reported by

According to an announcement, the new funds, Nuveen Tradewinds Emerging Markets and Nuveen Tradewinds Global Resources, are offered via Nuveen Global Investors Fund plc, through a UCITS structure, pursuant to the European Communities (Undertakings for Collective Investments in Transferable Securities) Regulation 2003.      

These new investment strategies are managed by Tradewinds Global Investors, a Nuveen investment affiliate specializing in global equities, and join the existing fund lineup that includes U.S. and global equity funds within Nuveen Global Investors Fund umbrella. Nuveen funds now available through the UCITS structure include:

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  • Nuveen Tradewinds Emerging Markets Fund—new
  • Nuveen Tradewinds Global Resources Fund—new
  • Nuveen Tradewinds Global All Cap Fund
  • Nuveen Tradewinds International Value Fund
  • Nuveen NWQ Large Cap Value Fund. 

Web Site Launch

In addition to the expanded offerings, Nuveen Investments has launched a new website (www.nuveenglobal.com) where investors can find detailed information about the investment strategies and portfolio information, as well as a prospectus for each of the UCITS funds offered.  

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