3 numbers to know this week: 9/21
A 65% annual return on an endowment fund is just…wow.
• less than 3 min read
65%
The record-setting return on a Washington University in St. Louis endowment pool, which now totals $15.3 billion, the school announced Monday. The revenue will strengthen its “support of students and strategic academic initiatives,” whatever that means.
16 points
The growth in renters’ credit scores during the pandemic, according to a report released last week by the Consumer Financial Protection Bureau. That’s compared to a 10-point increase for people with mortgages. The report noted that renters’ credit scores are still “substantially below” those of homeowners.
11%
The percentage of people who trust robo-advisors to manage their investment portfolio, per a survey by Vise. Only 48% of respondents said they trust human financial advisors. (If it’s YouTube you trust, we need to talk.)
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