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Nuveen to Launch Seven New ETFs
The seven funds, registered with the Securities and Exchange Commission, are:
· Nuveen Dividend Advantage Municipal Fund 3
· Nuveen California Dividend Advantage Municipal Fund
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· Nuveen Georgia Dividend Advantage Municipal Fund
· Nuveen Maryland Dividend Advantage Municipal Fund 2
· Nuveen Michigan Dividend Advantage Municipal Fund
· Nuveen New York Dividend Advantage Municipal Fund 3
· Nuveen Ohio Dividend Advantage Municipal Fund 2
ETFs have increased in popularity as alternatives to mutual funds. ETFs trade throughout the day just like ordinary shares, in comparison to mutual funds, which are priced once a day, after regular trading ends at 4pm.
Salomon Smith Barney will serve as lead manager of these new funds.
– Camilla Klein editors@plansponsor.com
Read more about ETFs at
The Expert: Exchange Traded Funds