TIAA-CREF has enhanced its lifecycle funds.
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The enhancements, announced Thursday, adjust the initial asset allocation and the way the funds will be reallocated over time, across all of the funds.
All seven TIAA-CREF Lifecycle Funds now feature increased equity allocations of 90% at the outset, up from 80%.
Other enhancements funds include increasing exposure to international equities, adding high-yield bond exposure, introducing inflation-linked and short-term bond exposure and reducing exposure to real estate investment trusts
TIAA-CREF, which is based in New York, had $406 billion in assets under management as of Dec. 31.
