State Street's $2.5B Bet Turns Endowment Investing Into America’s Biggest ETF Launch
State Street launched UCBG with a record investment from UC Investments, bringing its 90/10 endowment strategy to ETF investors.
State Street created a new investment fund (called an ETF) that lets regular people use the same money strategy that rich universities use to grow their savings. This shows that State Street thinks lots of people want to invest like endowments do.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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