NEW YORK--(BUSINESS WIRE)--TIAA-CREF, a leading financial services organization, today announced the launch of the TIAA-CREF Emerging Markets Debt Fund (TEDLX, TEDTX, TEDPX, TEDNX), an actively managed mutual fund focused on investing broadly in emerging market corporate and sovereign debt.
The TIAA-CREF Emerging Markets Debt Fund is an actively managed mutual fund that provides blended exposure to a range of emerging markets fixed-income securities including U.S. dollar and local currency denominated sovereign and corporate bonds. The fund will leverage TIAA-CREF’s extensive fixed income research and trading capabilities, using a combination of top-down macroeconomic and bottom-up credit analysis to identify and execute compelling investment opportunities. The fund will use the JP Morgan EMBI Global Diversified Index as its primary benchmark.
“With a potential for generating attractive risk-adjusted returns, emerging market debt, as an asset class, is an attractive tool for portfolio diversification, particularly in today’s low global economic growth environment,” said Katherine Renfrew, lead portfolio manager, TIAA-CREF Emerging Markets Debt Fund. “We are excited to help investors access the benefits of this asset class through our diversified approach.”
Renfrew, together with co-manager Anupam Damani, have more than three decades combined emerging markets investing experience. They are supported by a dedicated team of nine emerging markets research analysts and traders, as well as the broader 300-person strong TIAA-CREF global fixed-income and equity investment management organization. TIAA-CREF has invested internationally since 1972 and has over 17 years of experience investing in emerging market debt, with over $7 billion currently managed across the organization.
“Our centralized research process helps us evaluate relative value opportunities across Asia, Eastern Europe, the Middle East, Africa and Latin America,” continued Renfrew. “We perform our own credit analysis and pay close attention to economic trends and other market events, then over- or under-weight countries, sectors and individual issuers we believe to be undervalued, overlooked or misunderstood.”
The Emerging Markets Debt Fund’s retail class shares are available for purchase through certain financial intermediaries or by contacting TIAA-CREF directly at 800-223-1200 or www.tiaa-cref.org. Retirement and premier class shares are generally available for purchase through employee benefit plans or other types of savings plans or accounts such as TIAA-CREF IRAs. Institutional class shares are available for purchase directly from TIAA-CREF by certain eligible investors or through financial intermediaries.
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $613 billion in assets under management (as of 6/30/2014) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
Please note, the Fund is subject to interest rate risk and credit risk, and its investments in foreign securities are subject to special risks, including currency fluctuation and political and economic instability.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or log on to www.tiaa-cref.org for product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.
©2014 Teachers Insurance and Annuity Association-College Retirement Equities Fund, New York, NY 10017