TIAA-CREF has launched the TIAA-CREF International Opportunities Fund (TIOIX, TIOTX, TIOSX, TIOPX), which it touts as the company's first actively managed mutual fund focused on international stocks in both developed and emerging markets.

The new offering bets on companies “that are in the early stages of redefining themselves or their industries, such as leaders in software development, cable services for developing markets, and well-financed equipment companies, among others,” according to the firm.

The fund's benchmark is the MSCI All Country World ex-USA Index, which consists of 23 developed and 21 emerging market country indices.

"We are focused on companies executing positive changes in how they do business, those with strong market positions and ones we believe will outperform their peers," stated Jason Campbell, portfolio manager, TIAA-CREF International Opportunities Fund.

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