1952 The CREF Stock Account begins operations July 1 and calculates its first accumulation unit value as of July 31, 1952.
1968 The account's assets pass the $1 billion mark.
1973 Expanding its portfolio into foreign securities, the account invests 1.8% of assets in Japanese stocks.
1981 The account implements a new investment management approach that combines both indexed and actively managed components.
1986 The account’s assets pass the $25 billion mark. It is now one of the largest U.S. investors in foreign stocks, with $2.8 billion invested in 12 major foreign markets.
1993 Assets pass the $50 billion mark, invested in the U.S. and 26 other countries.
2006 The account increases its allocation to emerging markets and at year-end is invested in 52 foreign countries.
2012 The account is invested in more than 9,500 companies in the U.S. and foreign countries.
Read more about the CREF accounts from the TIAA-CREF chairman who was there at CREF's creation. William C. Greenough's 1990 book, It's My Retirement Money—Take Good Care Of It: The TIAA-CREF Story has been digitized with permission of the Pension Research Council of the Wharton School, University of PennsylvaniaInvestment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Investment products are not FDIC insured, may lose value, and are not bank guaranteed.
