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NMAI: Despite Consistent High Yield And Discount, This Fund Fails To Impress

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Nuveen Multi-Asset Income Fund (NYSE:NMAI) is a diversified closed-end investment management entity that seeks to provide total return through high current income and capital appreciation. It uses leverage and dynamically invests in a portfolio consisting of fixed income securities and equity stocks. This dynamic investment strategy uses a risk-based framework, following the fund may change the allocation to debt and equity instruments to any extent. NMAI invests mostly in developed markets all around the globe. The fund benchmarks itself against MSCI ACWI Index and MSCI World Index. The fund also makes effective use of leverage and has a leverage ratio of 32 percent.

seekingalpha.com     May 01, 2023