NEW YORK ( TheStreet) -- The California Public Employees' Retirement System, commonly known as CalPERS, recently posted investment results for its year ended June 30. CalPERS reported a 1.0% return for the year, which lagged the benchmark's 1.7% return.You may not want to emulate that performance, but CalPERS uses what is generically referred to an endowment-style allocation that targets nine asset classes, some of which performed better. The continued issuance of specialized ETFs makes it easier to mimic these types of investment pools.
Using an ETF Portfolio to Mimic an Endowment Portfolio
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