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Nuveen Global Infrastructure A FGIAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Nuveen Investment Hub

Morningstar’s Analysis FGIAX

Will FGIAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FGIAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FGIAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FGIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An upcoming manager change gives us pause.

Analyst Thomas De Fauw

Thomas De Fauw

Analyst

Summary

We downgrade Nuveen Global Infrastructure’s People and Process Pillar ratings to Average and Below Average, respectively, as its long-standing lead manager Jay Rosenberg is set to retire. Overall, this strategy benefits from a solid investment approach shepherded by a well-resourced team, but frequent use of tactical macroeconomic moves means that this offering may be exposed to more market-timing risk than many peers. Its execution has relied heavily on Rosenberg’s skills and insights.

by Thomas De Fauw
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