Global Opportunities



Objective & Philosophy
The Global Opportunities investment strategy seeks to generate long-term returns that significantly outperform its benchmark, the MSCI World Index®. Fundamental bottom-up research, rigorous valuation criteria and future business prospects are key elements for identifying companies with deep value characteristics and the potential to generate significant free cash flow.
Key Facts
Asset Class: Equity
Inception Date: 08/02/2004
Benchmark: MSCI World Index
Portfolio Management: George M. Saterson, CFA, Managing Director
Learn More: Strategy Profile (PDF)
Investment Strategy
The Global Opportunities strategy is a concentrated, high-alpha-seeking portfolio that focuses on fewer than 20 stocks. The stock selection process relies heavily on fundamental research and a discounted free cash flow model for valuation. The portfolio manager also places considerable emphasis on meetings with company management to assess its abilities and business strategies. Stocks selling at a deep discount to the net present value of expected free cash flows are considered strong candidates for investment.
Performance & Statistics

All data is shown in U.S. Dollars. Non-performance information is based on a representative account of the strategy. Each portfolio may differ due to specific investment restrictions and guidelines. Past performance is not an indicator or guarantee of future results. The gross performance returns presented reflect the reinvestment of dividends and other earnings but do not reflect the deduction of investment advisory fees and other expenses. A client's return will be reduced by advisory fees and any other expenses it may incur in the management of its investment advisory account.

The composite's concentration of its assets in a smaller number of companies may subject it to greater investment risks. Foreign investing involves certain risks, including currency fluctuations and controls, restrictions on foreign investments, less governmental supervision and regulation, less liquidity, and the potential for market volatility and political instability.

The MSCI World Index net dividends is a free float-adjusted capitalization weighted index that is designed to measure global developed equity market performance. The index tracks the performance of approximately 1,300 stocks in 23 developed countries around the world.

The separate account minimum is $25 Million.

This material is provided for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. TIAA-CREF claims compliance with the Global Investment Performance Standards (GIPS®).  TIAA-CREF is a group of companies that manages domestic, international and global investment strategies for clients worldwide, and provides insurance-related financial services. To receive a complete list and descriptions of TIAA-CREF composites and/or a presentation that adheres to the GIPS standards, please Contact Us.

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