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NMAI - A First Look At The Nuveen Multi-Asset Income Fund
Nuveen Multi-Asset Income Fund of Beneficial Interest
While NMAI launched just last November, it isn't totally new. Nuveen merged three CEFs together to form one CEF that executes the strategies of its predecessors.
I share what strategy each of the predecessor CEFs followed, along with a more detailed look at the new combined CEF, NMAI.
For current owners of NMAI, I rate the CEF a Hold. Until NMAI proves it can execute its multi-asset strategy, new investors should hold off. There might be better opportunities.