State Street Investment Management launches SPDR UC Investments 90/10 Endowment Strategy Index ETF with USD 2.5 billion anchor investment
STT•State Street launches new endowment strategy ETF
State Street Investment Management launched the State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF, ticker UCBG.
UC Investments anchored the launch with a USD 2.5 billion investment, which State Street said is the largest for a new U.S.-listed ETF.
The fund tracks the UC Investments 90/10 Endowment Strategy Index, with 90% in the S&P 500 and 10% in short-duration investment-grade corporates.
The index uses the S&P U.S. Investment Grade Corporate Bond 1-3 Year Index for the bond sleeve.
