TIAA-CREF has also increased the funds’ exposure to international equities, added high-yield bonds, introduced inflation-linked and short-term bond exposure 10 to 15 years prior to the target retirement date, and reduced REIT exposure.
“Our plan participants have told us that they are continually looking to maximize the performance of their retirement investments to meet their long-term savings goals while seeking to minimize downside risk,” said Padelford Lattimer, senior managing director, product management, at TIAA-CREF.