The Ivy League View On ETFs
August 25, 2010 at 01:43 AM EDT
Harvard’s endowment fund, the largest and most-watched university endowment in the U.S., disclosed in SEC filings that it continued to up its stakes in select emerging markets ETFs in the second quarter while paring its holdings of others. The fund currently holds $1.2 billion in various ETFs. At the end of the first quarter, the fund’s largest equity holding was the iShares/FTSE Xinhua China 25 Index (NYSE: FXI), a position the fund added to in the second quarter. At the end of the second quarter, the fund’s largest U.S.-listed position was the iShares MSCI Emerging Markets Index Fund (NYSE: EEM). Harvard also added to its positions in the iShares MSCI Chile Capped Investable Market Index Fund…