Weird $200 Million-Per-Day ETF Flow Is Internal Nuveen Switch
- NUGO’s odd inflows match outflows from a TIAA mutual fund
- Assets in young active growth ETF have now hit $2.9 billion
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Mystery solved: The strangely repetitive $200 million near-daily inflow to a growth ETF over the past month is actually an internal transfer by the fund’s parent.
The cash injections to the Nuveen Growth Opportunities exchange-traded fund (ticker NUGO) are coming from its mutual funds, Nuveen said Friday in an email to Bloomberg.