Clone Endowment Asset Allocations
Getting access to what the top asset allocation brains are thinking is easy– “Google it.”
For example, I googled “yale endowment asset allocation filetype:pdf” and the top document was a PDF outlining Yale’s asset allocations.
Why is this potentially useful? The endowments have to spill the beans so their alumni can keep tabs on what they are doing with all the cash.
How might you clone this on the cheap?
- Head over to http://us.ishares.com/home.htm https://personal.vanguard.com/us/funds/etf or http://www.proshares.com/ and starting finding low-cost exposures.
- Ditch private equity since its way too expensive, highly correlated with stock markets, and hard to access in a way that is beneficial to the investor.
- Get creative on absolute return. A lot of the funds are expensive in this space.
Meb’s book “The Ivy Portfolio” is a good place to start if you want to clone the endowments.
We have a simple spreadsheet that might help you get started (numbers need to be updated, but it will provide a framework to get started):
Note: This site provides NO information on our value investing ETFs or our momentum investing ETFs. Please refer to this site.
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Definitions of common statistics used in our analysis are available here (towards the bottom)