TIAA Is the Big Winner in 2018 Lipper Awards for Fund Families

By Bernice Napach

News February 28, 2018 at 04:01 PM

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Every year Thomson Reuters Lipper awards mutual funds and fund families for best consistent risk-adjusted performance over three, five and 10 years.

This year TIAA was the big winner in the 2018 Group Award category, winning for best overall large fund company and best mixed assets large fund company.

It was the firm's sixth consecutive win for best overall large fund company and third consecutive win for best mixed assets large fund group, the latter due in large part to the performance of its TIAA-CREF Lifecycle Fund and Lifecycle Index Fund Series.

TIAA Investments is the largest of 12 asset-management affiliates operating under the Nuveen name, and Nuveen funds won top honors in 26 individual fund categories.

In the group award category for best overall small fund family, Thrivent Mutual Funds won for the third time.

Dimensional Fund Advisors won the group award for the best equity large fund family, while PRIMECAP Management won for best equity small fund family.

The equivalent winners in the fixed income category were Morgan Stanley Investment Management for the large company fund award and Ashmore Funds for small company fund award.

Allianz Global Investors was the group award winner for mixed assets, small company fund family.

In addition to the group awards, Lipper honors several hundred funds for their consistent risk-adjusted performance over three, five and 10 years in multiple equity and fixed income categories.

Robert Jenkins, global head of research at Thomson Reuters Lipper noted in a statement that the winners distinguished themselves "in a year of record-breaking market moves."

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