The New York Times is to add at least $250 million to its portfolio of global equity ETFs, with a focus on emerging markets and emerging markets emerging economies, as part of a new effort to support its broader effort to attract investors into its broad portfolio.
The $250-million fund will be made available to institutional investors, including institutional investors in New York, the paper said Wednesday in a statement.
The fund will focus on three different types of stocks: emerging markets, emerging economies emerging markets , and emerging economies stocks.
The investment fund will include more than $3 billion of mutual funds, ETFs and ETFs managed by Fidelity Investments.
The New York Fed is among several institutional investors that have joined forces with the Times to create the fund.
The Times said the fund will provide investment advice to hedge funds, private equity funds, and other large institutional investors.
The New Jersey-based newspaper has long had an extensive and diverse portfolio of ETFs.
Its investment in New Jersey and New York has helped the Times diversify its portfolio and expand its offerings, according to the statement.
“The Times is a leading provider of accurate and timely financial news and is proud to be one of the nation’s leading media companies,” the Times said.
“The New Jersey Fed fund will add to our broad portfolio of institutional and private equity ETF portfolios.
The new fund will support the NY Fed’s efforts to diversify and improve its investment strategies.”