NUMG
Nuveen ESG Mid-Cap Growth ETF
📎 Investment Objective
The Nuveen ESG Mid-Cap Growth ETF seeks to track the investment results of an index composed of mid-capitalization U.S. companies that have positive environmental, social and governance (ESG) characteristics.
Overview
ETF tracking Nuveen ESG Mid-Cap Growth ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Nuveen ESG Mid-Cap Growth ETF seeks to track the investment results of an index composed of mid-capitalization U.S. companies that have positive environmental, social and governance (ESG) characteristics.
🎯 Investment Strategy
The ETF uses a passive management approach, investing in a portfolio of securities that seeks to replicate the performance of the TIAA ESG USA Mid-Cap Growth Index. The index is designed to provide exposure to mid-cap U.S. companies that demonstrate positive ESG characteristics as determined by the index provider.
✨ Key Features
- Focuses on mid-cap U.S. companies with positive ESG characteristics
- Passively tracks the TIAA ESG USA Mid-Cap Growth Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund is focused on mid-cap stocks
- Potential for underperformance compared to broader mid-cap indexes
- Limited performance history makes it difficult to evaluate long-term returns
- ESG criteria used in the index selection process may not always align with an investor's personal values
👤 Best For
This ETF may be suitable for investors seeking exposure to mid-cap U.S. companies with a focus on environmental, social and governance factors. It could be a component of a diversified portfolio, but investors should be aware of the fund's limited track record and potential risks associated with its concentrated mid-cap strategy.