Pension fund buying fixed-income ETFs
DENVER — Colorado Public Employees’ Retirement Association has begun buying fixed income ETFs or exchange-traded funds, a pension fund trade journal reports.
The $63 billion pension fund began investing after “market dislocation” from the COVID-19 pandemic.
The retirement fund’s chief investment officer said its ETF exposure is $110 million but will give it “access to short-term opportunities” in the market.
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DENVER — Colorado Public Employees’ Retirement Association has begun buying fixed income ETFs or exchange-traded funds, a pension fund trade journal reports.
The $63 billion pension fund began investing after “market dislocation” from the COVID-19 pandemic.
The retirement fund’s chief investment officer said its ETF exposure is $110 million but will give it “access to short-term opportunities” in the market.
© 2021 BizWest Media LLC
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