TIAA-CREF has launched the TIAA-CREF Emerging Markets Debt Fund, an actively managed mutual fund focused on investing broadly in emerging market corporate and sovereign debt.
The fund provides blended exposure to a range of emerging markets fixed-income securities including US dollar and local currency denominated sovereign and corporate bonds.
The fund will leverage TIAA-CREF’s fixed income research and trading capabilities, using a combination of top-down macroeconomic and bottom-up credit analysis to identify and execute compelling investment opportunities.
The fund will use the JP Morgan EMBI Global Diversified Index as its primary benchmark.
“With a potential for generating attractive risk-adjusted returns, emerging market debt, as an asset class, is an attractive tool for portfolio diversification, particularly in today’s low global economic growth environment,” says Katherine Renfrew, lead portfolio manager, TIAA-CREF Emerging Markets Debt Fund. “We are excited to help investors access the benefits of this asset class through our diversified approach.”
Renfrew, together with co-manager Anupam Damani, have more than three decades combined emerging markets investing experience. They are supported by a team of nine emerging markets research analysts and traders, as well as the broader 300-person strong TIAA-CREF global fixed-income and equity investment management organisation.
The Emerging Markets Debt Fund’s retail class shares are available for purchase through certain financial intermediaries or by contacting TIAA-CREF directly.