Nuveen Equity Long/Short Fund (NELCX)
Nuveen Equity Long/Short Fund operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $59.18, down 0.05% on the session, giving a market capitalisation of $161.2M. Its beta of 0.74 implies it has historically moved less than the broad market.
The fund seeks to achieve its investment objectives by employing a long/short strategy across a diverse portfolio of equities. Its holdings, both long and short, will consist almost entirely of securities found within its benchmark, the Russell 1000 Index, at the point of initial investment. Consequently, the fund’s investments are heavily concentrated in large-capitalization companies.
Nuveen Equity Long/Short Fund is most often compared with the following Financial Services names: