The exchange-traded fund (ETF) combines broad US equity exposure with short duration investment-grade corporate bonds.
State Street Investment Management (State Street IM) has launched the State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF (UCBG), an asset allocation fund developed in collaboration with UC Investments, the investment arm of the University of California and the index provider for the strategy. The ETF debuted with a US$2.5 billion investment from UC Investments The ETF debuted with a US$2.5 billion investment from UC Investments, in what the firms describe as ‘the large