- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 730 Third Avenue New York NY United States of America 10017
- IPO Date
- Jun 12, 2017
- Business
- Nuveen ESG International Developed Markets Equity ETF (NUDM) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the Nuveen ESG International Developed Markets Equity Index, employing a passive management approach by investing all or substantially all of its assets in the securities represented in the Index in approximately the same proportions. The Index utilizes a rules-based methodology to select a diversified portfolio of large- and mid-cap equity securities from companies in developed markets excluding the U.S. and Canada, applying predetermined environmental, social, and governance (ESG) criteria, controversial business involvement screens, and low-carbon transition screens; the Index is rebalanced quarterly and provided by MSCI. Launched on June 6, 2017, and domiciled in the United States, the ETF focuses on foreign large-blend equities with significant allocations to sectors including financial services, industrials, technology, healthcare, and consumer defensive, as well as regions such as the Eurozone, Japan, Europe ex-Euro, the United Kingdom, and Australasia.
NUDM operates within the asset management industry as part of Nuveen, a TIAA subsidiary founded in 1898 and headquartered in Chicago, Illinois, with major offices in New York and Charlotte; Nuveen manages over $1.3 trillion in assets globally across public and private markets, emphasizing sustainable investing strategies. The ETF targets institutional and individual investors seeking ESG-integrated exposure to international developed equity markets, with total net assets around $585-$606 million, an expense ratio of 0.28%-0.31%, and a dividend yield of approximately 2.8%. It is issued by NuShares ETF Trust under Nuveen's oversight, with portfolio management led by Philip Campagna since inception, alongside Darren Tran and Nazar Romanyak since June 2024.
Recent developments for Nuveen, the ETF's issuer, include the June 2025 acquisition of Brooklyn Investment Group, a leading multi-asset custom direct indexing provider, to enhance personalization and tax-managed solutions following a 2023 strategic partnership and minority investment; this builds on Nuveen's direct indexing offerings combining equity and fixed income. In September 2025, Nuveen Private Equity Impact acquired a majority interest in Ally Energy Solutions to advance U.S. energy decarbonization for commercial and industrial clients, marking the sixth investment from its Inclusion II fund. Additional 2025 initiatives encompass raising $650 million for the final close of a U.S. strategic debt fund in December, deploying $1.3 billion across 19 investments since April 2024, and launching a global multi-asset infrastructure platform integrating specialized teams. These moves reflect Nuveen's strategic expansion in impact investing, alternatives, and infrastructure amid growing demand for ESG and tax-efficient products.