Nuveen has become the latest money manager to sell its holdings in U.S.-sanctioned Chinese stocks.
A spokeswoman for the $1.1 trillion firm confirmed that it has sold out of all the stocks on the sanctions list. She declined to comment further.
The value of assets sold and the relevant stocks and previous holdings were not available.
Money managers have been divesting their holdings across a number of Chinese firms due to sanctions imposed by the U.S. administration in November last year. An executive order by then-President Donald Trump at the time banned U.S. investment in the companies starting Jan. 11 and required that any holdings be divested by Nov. 11.
Last week, BlackRock, the world's largest money manager, said in a regulatory filing with the Hong Kong Stock Exchange that it had sold more than 818 million shares — amounting to about $206 million — in China Telecom Corp. Other managers, including Vanguard Group, State Street Global Advisors and Aberdeen Standard Investments, have also said they have divested, were seeking to divest or do not have any holdings of the sanctioned securities.
