TIAA-CREF Asset Management manages a wide range of assets spanning a variety of portfolios. Learn more about how we implement our innovative investment strategies through these short case studies from around the globe.
WITH ALEXANDER MUROMCEW, MANAGING DIRECTOR, EQUITY INVESTMENTS
An important trend in the global markets today is growth of the Chinese and Indian economies and the impact these developing countries are having on the global economy.
Only a few years ago China and India were considered emerging economies, with a role primarily as producers. Today they are increasingly integrated within the global business arena, and as their middle classes grow exponentially, they are creating a new demand for industries in the US and elsewhere.
The scale of these developments is staggering. For example, of China’s total population of one billion it is estimated the middle class component is already 30% - close to the entire population of the US - and is on track to double in the next 10 years. This implies a huge impact on global consumer dynamics. Similarly, on the supply side, the rise of the IT services industry in India over the last few years has made a dramatic change in the Technology sector.
TIAA-CREF’s investment strategy is focused on anticipating this growth and positioning our portfolios to evolve with these developments. Using the same disciplined approach to research and investing that is applied to the developed markets, TIAA-CREF is looking forward at the next 10 to 15 years and preparing for the next wave of growth.
TIAA-CREF’s exposure to the Chinese and Indian markets includes investments in listed equities and fixed income, as well as direct private investment in real estate and infrastructure projects. By providing capital in a well-researched, well-connected way, TIAA-CREF is able to have a positive impact on the development of these economies.
TIAA-CREF has been investing in equities for over 60 years and international markets since 1972. With over $500 billion in equity assets under management (as of 12/31/12), our approach has evolved to reflect the global nature of markets and industries.
© 2012 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund, New York, NY 10017
Past performance is not indicative of future results. The information on this website should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons.
TIAA-CREF Asset Management provides investment advice and portfolio management services for the TIAA-CREF group of companies through our investment advisers including Teachers Advisors, Inc., a registered investment adviser and wholly-owned indirect subsidiary of Teachers Insurance and Annuity Association (TIAA). TIAA® personnel in its investment management area provide investment advice and portfolio management services through the following entities: Teachers Advisors, Inc., TIAA-CREF Investment Management, LLC, and Teachers Insurance and Annuity Association® (TIAA®). TIAA, TIAA-CREF, Teachers Insurance and Annuity Association, and TIAA-CREF Asset Management are registered trademarks of Teachers Insurance and Annuity Association.