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TIAA-CREF Expands Suite of Responsible Investment Funds

NEW YORK--(BUSINESS WIRE)--TIAA-CREF, a leading financial services organization, today announced the launch of TIAA-CREF Social Choice International Equity Fund and TIAA-CREF Social Choice Low Carbon Equity Fund, mutual funds that incorporate environmental, social and governance (ESG) criteria as part of their security selection process. The TIAA-CREF Social Choice International Equity Fund seeks long term capital appreciation by investing in the securities of companies in developed international markets outside of the United States that are best-in-class ESG leaders within their respective sectors. The TIAA-CREF Social Choice Low Carbon Equity Fund seeks long term capital appreciation as a diversified domestic equity fund that combines comprehensive ESG criteria and an additional focus on companies’ current and future carbon emissions.

The Social Choice International Equity Fund and Social Choice Low Carbon Equity Fund will provide investors with the opportunity to achieve competitive returns while promoting broader economic development, positive societal outcomes and a healthier environment. They will employ comprehensive ESG criteria as part of their investment processes and complement the firm’s existing portfolio of ESG-focused mutual funds, which includes the TIAA-CREF Social Choice Equity Fund (TICRX, TRSCX, TISCX, TRPSX) and the TIAA-CREF Social Choice Bond Fund (TSBIX, TSBBX, TSBRX, TSBPX). The addition of the Social Choice International Equity Fund and the Social Choice Low Carbon Equity Fund to TIAA-CREF’s suite of Social Choice funds enables investors to build a fully diversified investment portfolio of ESG-focused funds.

The TIAA-CREF Social Choice International Equity Fund will use the MSCI EAFE Index as its benchmark while TIAA-CREF Social Choice Low Carbon Fund will benchmark investments against the Russell 3000 Index and employ a proprietary quantitative process and industry-recognized risk model to match the long-term performance of the U.S. equity market.

According to data from the...


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