TIAA-CREF has launched the TIAA-CREF Global Natural Resources Fund, aimed at providing investors with diversification, a hedge against inflation and an opportunity to participate in the growing demand for resources among the world’s seven billion population.
“Regardless of short-term volatility in financial markets, we believe these factors offer an attractive long-term investment opportunity,” said Navaneel Ray, portfolio manager of the fund and a managing director with TIAA-CREF who has 17 years of industry experience. “We believe seven billion people around the world will drive powerful long-term demand in the natural resources sector. This demand, bolstered by income growth in developing countries and the scarcity of supply sources will help sustain pricing power for commodity producers.”
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