A new unit trust portfolio will be launched by the investment firms Incapital LLC and Nuveen Asset Management in early 2014, the two firms announced Monday.
The unit trust portfolio is designed to leverage Nuveen Asset Management's investment management expertise and Incapital’s national distribution network and proprietary technology, according to the firms.
The offering was developed in collaboration with Bob Doll, Nuveen Asset Management’s chief equity strategist and senior portfolio manager. The unit trust portfolio will provide investors access to strategies with a fixed basket of securities and a defined maturity, designed for investors willing to assume the risks of investing in equities.
Incapital, based in Boca Raton, Fla., and Chicago, expects to offer other investment opportunities in partnership with Nuveen in the future, says John Radtke, Incapital CEO.
Total assets invested in unit trusts have grown during the last four years, more than doubling to approximately $90 billion.