Harvard, Other Top Schools Boosted Emerging-Market ETF Stakes
- Vanguard fund plunged 19% in third quarter as stocks slid
- University of Texas, Yale, Notre Dame increased investment
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Harvard University and other top schools increased stakes in the third quarter in a Vanguard Group Inc. emerging market exchange-traded fund that lost 19 percent amid a rout in developing-nation assets.
Harvard, the world’s richest school with a $37.6 billion endowment, added 6,750 shares of the $36 billion Vanguard FTSE Emerging Markets ETF to bring its holding to $4.8 million as of Sept. 30, according to regulatory filings.