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Investor Profile

Michigan looks to ETFs for ease of exposure

Customised ETFs are the new active management according to Jeb Burns the chief investment officer of MERS of Michigan which is using ETFs for about a third of the fund. Among other things its using ETFs to effectively tilt towards macro themes the team is currently researching.
From the CIO’s chair

The trust effect

Successful investment management comes from a culture that supports and nurtures talent. This requires functional governance built on trust between the board and the investment team.