- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 730 Third Avenue New York NY United States of America 10017
- IPO Date
- Sep 28, 2021
- Business
- Nuveen Growth Opportunities ETF (NUGO) is an actively managed exchange-traded fund that seeks long-term capital appreciation through a concentrated portfolio primarily investing in U.S. large-cap equities with market capitalizations of at least $1 billion, selected based on growth potential, earnings growth, strong relative valuation, attractive cash flows, and quality factors including returns on capital. The fund holds approximately 42 stocks, with top holdings including NVIDIA Corporation, Microsoft Corporation, Broadcom Inc., Amazon.com Inc., and Apple Inc.; it emphasizes sectors such as information technology and consumer discretionary while utilizing a non-transparent model under the Natixis/NYSE framework. Launched on September 27, 2021, and domiciled in the United States, NUGO is issued and managed by Nuveen Fund Advisors, LLC, headquartered at 333 West Wacker Drive, Chicago, Illinois, with assets under management of approximately $2.75 billion to $2.82 billion and a net expense ratio of 0.56%.
NUGO operates within the broad equity segment, targeting institutional and retail investors seeking exposure to high-quality growth opportunities in developed U.S. markets. The fund is part of Nuveen's broader exchange-traded funds lineup, which spans multiple asset classes including environmental, social, and governance-focused strategies. It trades on the NYSE Arca exchange under the ticker NUGO.
In June 2025, Nuveen's parent organization completed the acquisition of Brooklyn Investment Group, a leading provider of custom multi-asset direct indexing solutions, following a 2023 strategic partnership and minority investment that introduced tax-advantaged equity, fixed income, and long-short portfolio offerings. In September 2025, Nuveen established a dedicated Global Multi-Asset Infrastructure Investment Platform, consolidating teams across infrastructure equity, credit, clean energy, and digital assets to address $94 trillion in projected global needs through 2040. Earlier in September 2025, Nuveen's Private Equity Impact team via the Climate Inclusion Fund II acquired a majority stake in Ally Energy Solutions, a U.S.-based commercial and industrial energy solutions provider, enhancing climate-focused investment capabilities.