Wheels down, elevation up: Five themes for a new economic landing

Nuveen’s Global Investment Committee outlines five key portfolio themes for navigating a higher-rate, slower-growth environment, emphasizing credit selectivity, real assets, and small-cap resilience.

Key Insights:

• Relative value over duration: Credit selection and spreads—especially in high-yield, senior loans, and private credit—are expected to drive returns amid range-bound Treasury yields.
• Municipal bonds favored: Longer-duration munis offer compelling yields and strong fundamentals for income-focused investors.
• Real estate recovery: Stabilizing prices and demand signal a turnaround, with opportunities in industrial, healthcare, and listed REITs..

Explore Nuveen’s top investment ideas across public and private markets—download the full report.