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AIFinancial Postabout 5 hours ago
Nuveen Private Bond Chief Scoops Up AI's 'Picks and Shovels'Nuveen's Laura Parrott is investing in energy and utility credits for AI's "picks and shovels" rather than data centers. Her $75 billion private fixed-income portfolio targets boring infrastructure that benefits from AI growth but remains resilient without it. Public investment-grade energy bonds have outperformed the broader index year-to-date.
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