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TIAA-CREF in Top 10 in Barron’s/Lipper Fund Family Survey
TIAA-CREF placed in the top eight for five-year and in the top half for the one-year performance rankings in the recently-released Barron's/Lipper Fund Family Survey.
The five-year performance ranking demonstrates our consistent approach to investing, with TIAA-CREF placing eighth out of 56 fund families for 2014. The one-year ranking places TIAA-CREF 28th out of 65 fund families. This performance reflects consistent results achieved by TIAA-CREF's Asset Management team.
"This year's ranking highlights another great showing by our investment team and illustrates the consistency of our investment approach," said Carol Deckbar, Chief Executive Officer, TIAA-CFEF Asset Management.
The rankings are quantitative and based on Lipper performance data. Each fund family is given an asset-weighted score within the five asset classes: U.S. Equity, World Equity, Mixed Equity, Taxable Bond and Tax-Exempt Bond, and the asset class score is then weighted by its size within the Lipper universe.
The survey uses an asset-weighted ranking system. Each fund's return was measured against all those in its Lipper category, and the resulting percentile ranking was then weighted by asset size relative to the fund family's other assets in its general category. The family's overall ranking was then determined by weighting the five fund categories in proportion to their overall importance within Lipper's fund universe. TIAA-CREF does not qualify for the 10-year ranking.