State pension funds eye ETIs.

State Legislatures › Vol. 20 Nbr. 7, July 1994

Position:: Economically targeted investments

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Summary

Economically targeted investments

Some states have appropriated part of their pension systems into economically targeted investments (ETIs). The Center for Policy Alternatives reported that 27 state retirement systems have been integrated into ETIs, particularly in housing and venture capital projects. The New York State Teachers Retirement System has allocated $2 billion in a portfolio of in-state investments since 1982. Colorado and California have also made similar social investments.

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Extract

State pension funds eye ETIs.

If you want to watch a pension fund manager wince, mention the subject of "social investing." Most prudent experts think that muddying up the risk/reward formula with social goals is unnecessary if...

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