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Public equity is an asset class where individuals and/or organizations can buy ownership in shares/stock of a company through a public market such as the New York
Stock Exchange. The WSIB invests in both U.S. and International equity with different investment strategies for each market.
Public equity investments represent a large portion of the Commingled Trust Fund and there are also significant holdings in Washington's self-directed defined contribution plans. Public
equities are also used in the insurance funds, permanent funds, prepaid college tuition, and other state trust funds.
The WSIB's Public Equity Unit oversees all aspects of this asset class which include program structure, policy development, implementation, external investment manager selection and
program monitoring. |
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