An Endowment ETF Plans to Ride Wall Street’s Private-Asset Craze
An ETF issuer, best known for riding thematic trades, is seeking to launch a new diversified investment strategy that channels the playbook of university endowments — including bets on the booming world of private markets.
The Tema Endowment ETF is set to put about 50% of its holdings toward equities or derivatives, 30% to fixed income and 20% to “other securities,” potentially including allocations to private funds, interval funds or business-development companies, according to a filing