Nuveen Investments, Inc has launched a closed-ended fixed income mutual fund known as the Nuveen New York Quality Municipal Income Fund. The fund, co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, invests in New York's fixed income markets through municipal bonds rated 'Baa' or higher. Employing fundamental analysis and a bottom-up stock picking approach to build its portfolio, the fund compares its performance against Standard & Poor's New York Municipal Bond Index and Standard & Poor's National Municipal Bond Index. The fund was previously known as Nuveen New York Dividend Advantage Municipal Fund and was established on May 26, 1999, with domicile in the United States.