TIAA-CREF has adjusted the asset allocation in its seven lifecycle funds, increasing the equity exposure from 80% to 90% at the outset and from 35% to 50% in the first 10 years after retirement. At that point, the equity exposure will be reduced to 40%.

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.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.