Posts Tagged ‘Broad Foundation’

Foundations Favor Brazil

March 8, 2011

Political strife in the Middle East has discouraged investor enthusiasm for emerging markets,  but certain countries continue to attract institutions. Some big endowments and foundations favor Brazil and prefer to get wide-ranging exposure to the country’s stock market via exchange-traded funds, rather than investing with active managers.

Among these are Harvard University’s endowment and the Broad Foundation, an organization created by Los Angeles philanthropist  and art collector Eli Broad. (more…)