ETFs support a nimble, efficient asset allocation strategy
State Street Chairman and CEO Ron O’Hanley and Jagdeep Singh Bachher, Chief Investment Officer at UC Investments, discuss how ETFs have helped UC streamline and simplify its asset allocation strategy. UC is widely regarded as one of the world’s most forward-thinking asset owners.
As UC Investments' CIO, Bachher oversees an investment portfolio of $160 billion in assets in alignment with the “10 Pillars” that underpin UC’s investment philosophy. Pillar 1 (“Less is more”) underscores the importance of simplifying the investment process.
Bachher points to investing in ETFs as one of the ways UC keeps things simple, efficient and flexible in a fast-moving investment environment. For Bachher, ETFs offer a more nimble and cost-efficient way to execute on the University’s asset allocation strategies, whether the goal is seeking increased returns or managing risk.
Celebrating 30 years of ETF innovation
2023 marks the 30th anniversary of the launch of the industry’s first US-listed exchange-traded fund. Co-created by State Street Global Advisors, the Standard & Poor’s Depositary Receipts – better known as the SPDR® S&P 500® ETF, or SPY – revolutionized index investing, liquidity, asset allocation, intermediary distribution, portfolio construction and overall market access.
Today, among the nearly 12,0001 ETFs in existence, SPY is the largest,2 most liquid3 and most heavily traded4 ETF in the world. Our ETF@30 video series examines the past, present and future of ETFs – and their impact on the world’s financial markets and industries.