Preferred securities: A tax efficient income solution for a shifting rate environment – Nuveen – 8.27.24

Summary:

Now On Demand

At the most recent Fed meeting, the central bank signaled an impending first rate cut, possibly as soon as September.

In this webcast, Nuveen will explore why preferred securities are particularly attractive in the current market. With tax-advantaged income potential, lower interest rate sensitivity via active management, and enhanced diversification opportunities, preferred securities offer compelling value in today’s fixed income landscape.

Speakers:

Doug Baker is a portfolio manager for Nuveen’s global fixed income team and heads the preferred securities sector team. He is a portfolio manager for the Preferred Securities strategies, as well as a co-portfolio manager for the firm’s Multi-Sector strategies. Doug is also a member of the Investment Committee, which establishes investment policy for all global fixed income products. He has managed the Nuveen Preferred Securities and Income Fund since its inception in 2006 and the Strategic Income strategy since 2016. Doug also manages the firm’s municipal derivatives overlay group, where he is responsible for implementing derivatives-based hedging strategies across the Nuveen municipal bond complex.

Doug joined the firm in 2006 as a vice president and derivatives analyst and later his responsibilities expanded to include portfolio management duties. Prior to Nuveen, he spent three years at Lehman Brothers in institutional fixed income and derivatives sales and five years at Bank of America in corporate and commercial banking.

Doug graduated with a B.S., with honors, in Finance from the University of Illinois and with an M.B.A., with honors, in Finance and Economics from the University of Chicago’s Graduate School of Business. Doug holds the Chartered Financial Analyst^® designation and is a member of the CFA Institute and the CFA Society of Chicago.

Margaret leads a team of specialists covering ETFs, 529s and closed-end funds and is involved in the development and execution of the firm’s distribution plan of these investment vehicles.

Prior to joining the firm in 2015, she covered the western region of the U.S. in various sales capacities. She served as UIT business development specialist at Invesco, driving business through product and market expertise and partnering with distribution on strategic initiatives across various channels. She started her career in the investment industry in 2007 with SunAmerica Capital Services.

Margaret graduated with a B.A. in Psychology and Social Behavior from the University of California, Irvine. She holds the FINRA Series 7, 24 and 51 securities registrations.