{"id":58039,"date":"2017-05-16T08:43:22","date_gmt":"2017-05-16T12:43:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=58039"},"modified":"2017-05-16T08:43:22","modified_gmt":"2017-05-16T12:43:22","slug":"harvard-endowments-biggest-public-holding-is-a-high-yield-etf","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2017\/harvard-endowments-biggest-public-holding-is-a-high-yield-etf.html","title":{"rendered":"Harvard Endowment&#8217;s Biggest Public Holding Is a High-Yield ETF"},"content":{"rendered":"<p>(Bloomberg) The Harvard University endowment\u2019s biggest publicly traded holding is a high-yield bond exchange-traded fund, a move into a cheap, passive investment as the school replaces some of its own traders with external money managers. Harvard Management Co. disclosed in a filing that it held 9.6 million shares of iShares iBoxx High Yield Corporate Bond ETF valued at $841 million in the first quarter. The ETF gained 1.9 percent for the three months. The fund also purchased options with a face value of almost $500 million for two other ETFs and sold out of 30 positions, including real estate developer Howard Hughes Corp.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-05-15\/harvard-endowment-s-biggest-public-holding-is-a-high-yield-etf\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) The Harvard University endowment\u2019s biggest publicly traded holding is a high-yield bond exchange-traded fund, a move into a cheap, passive investment as the school replaces some of its own traders with external money managers. Harvard Management Co. disclosed in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58039","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=58039"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58039\/revisions"}],"predecessor-version":[{"id":58040,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58039\/revisions\/58040"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=58039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=58039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=58039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}