It’s no secret that Harvard and Yale are some of the most prestigious higher education institutions. But they are also two of the most successful investing powerhouses on the planet.
Separately, they’ve managed to grow their respective endowments into two of the largest such funds. And they’ve done so by using a new form of investing. One that skews toward only using the traditional asset classes of stocks and bonds.
With the success of Yale and Harvard, other endowments have started to copy the model to try and get similar returns. Lately, retail investors have started to dabble in “endowment-style” investing to gain a similar advantage and returns.
But according to one asset manager, investors copying the style may be shooting themselves in the foot with lower returns and higher costs.
Be sure to visit our complete recommended list of the Best Dividend Stocks.