by Brittany Stepniak, Wealth Wire:
It looks like the second largest pension fund in America may be wising up…
CalPERS, the California Public Employees’ Retirement System is reviewing its investment strategies and is going to consider completely moving into passive funds. Roughly half of CalPERS $254.9 billion in assets are allocated to passive funds already.
This would mark a big name endorsement for a strategy that is increasingly attracting attention from small and large investors and brokerages. Brokerage firms are quickly introducing and promoting their passively managed exchange traded funds (ETFs) as investor demand soars.
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