Hi, I'm Matt Brundage here at Bridgehouse, and I'm speaking with Steve Liberatore, who's the Head of ESG/Impact, Global Fixed Income at Nuveen and portfolio manager for the Nuveen Global Green Bond Fund. Steve, good to see you again. Thanks for joining me today. Thanks for having me, Matt. Steve, we launched the Nuveen Global Green Bond Fund in September 2023. And while it's off to a great start, most investors won't be familiar with it yet because it's new to Canada.
So from your perspective, what role does the Nuveen Global Green Bond Fund play in a client's overall fixed income allocation? Matt, I think the Nuveen Global Green Bond Fund overall is a diversified, primarily investment grade, credit opportunity fund, where it serves as a good diversifier and yield enhancement to, an investor who may have currently exposure to, say, Canadian government bonds or provincial bonds, U.S. Treasuries.
This gives a much broader, exposure to some very unique, differentiated types of securities that have a direct and measurable social and/or environmental outcome associated with them, and it helps to provide, really a very close alignment with an investor’s goals and their investment holdings. And most importantly, and I always try to say this first is the most important thing we're going to be focusing on is performance.
You know what we're doing in this fund is looking to generate long-term excess return, just by utilizing the concept of Impact investing, where we're hopefully able to identify securities that have a more stable or improving free cash flow performance in the future. Steve, thank you very much for your, insight today. Really appreciate it. Thank you very much, Matt.