The Big Picture
Equities are shares of stock representing an ownership interest in individual companies. We own shares of funds that actively invest in stocks, but we also invest through passively managed index funds designed to replicate the performance of broad stock market indices. Shares are publicly traded on stock exchanges, and owners make money from dividends and increases in share prices.
Role in Our Portfolio
The TCDRS equity portfolio includes shares of U.S. companies as well as international equities from both developed and emerging markets. Among our investments, this asset class delivers one of the highest expected returns over the long term, but also comes with higher risk.
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