Nuveen Asset Management equity strategist Bob Doll and InCapital rolled out a portfolio on Tuesday that takes the trends Doll sees dominating 2014 and turns them into a unit trust with 25 stock holdings.
The Nuveen 2014 Equity Outlook Portfolio (INNEOX), which has an initial offering price of $10 per unit, will be available through April 9. The expected termination date of the trust is April 10, 2015.
“My goal was to create a portfolio that we think that will outperform the market in the next 12 months,” said Doll in an interview with ThinkAdvisor. “We hope that with this collection, we get more right than wrong.”
The overarching theme of Doll’s outlook, he says, is “less fear, more confidence,” noting that the economy and corporate spending are doing better than in recent years.
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“It’s not a perfect economy, but 3% growth is better than where we’ve been,” he said.