Episode 173: Myth busting and impact investing in public fixed income with Nuveen’s Stephen Liberatore and Joseph Pursley

In this episode of the InsuranceAUM.com podcast, host Stewart Foley is joined by Steve Liberatore, Senior Managing Director and Head of ESG Impact Investing Global Fixed Income at Nuveen, and Joe Pursley, Head of Insurance the Americas at Nuveen, to debunk myths within the fixed income universe. The conversation dives deep into the evolution of impact investing, particularly in fixed income, challenging the misconception that impact investing is limited to equity strategies. Steve highlights how impact investing in fixed income not only drives positive environmental and social outcomes but also enhances financial performance, emphasizing that responsible investing doesn’t mean sacrificing returns.

The discussion also explores the growing market for impact bonds, including lesser-known blue and orange bonds, and how these instruments align with broader ESG goals. The trio touches on the critical role insurance companies can play in impact investing, given their substantial fixed income portfolios, and the opportunity to leverage assets to mitigate liabilities related to climate risk. The episode wraps up with personal insights from Steve and Joe, including advice on parenthood and a fascinating hypothetical lunch with baseball legend Joe DiMaggio.