IQ Advisor Fund Joins Nuveen Family of Closed-End Funds
October 29 2010 - 3:14PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions and high-net-worth investors, today
announced that Nuveen Asset Management (Nuveen) has assumed the
role of investment adviser for the NASDAQ Premium Income &
Growth Fund Inc. (NASDAQ: QQQX) previously managed by IQ
Investment Advisors LLC (IQ Advisors). The fund’s shareholders
approved this change on October 22, 2010. This development
completes the transition of five closed-end funds previously
managed by IQ Advisors to Nuveen. As previously announced on
October 8, 2010, the four additional funds include:
· Dow 30SM Premium & Dividend Income Fund Inc. (NYSE:
DPD)
· Dow 30SM Enhanced Premium & Income Fund Inc.
(NYSE:DPO)
· Global Income & Currency Fund (NYSE:GCF)
· MLP & Strategic Equity Fund Inc. (NYSE:MTP)
The NASDAQ Premium Income & Growth Fund Inc. will continue
to be managed by the same investment teams with Nuveen affiliate
Nuveen HydePark Group, LLC (HydePark) continuing as sub-adviser to
the fund.
Nuveen Investments provides high quality investment services
designed to help secure the long-term goals of institutions and
high net worth investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets its growing
range of specialized investment solutions under the high-quality
brands of NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds, Winslow
Capital and Nuveen HydePark. In total, the Company managed more
than $160 billion as of September 30, 2010. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
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