Investment recommendation to buy Texas Permanent School Fund (PSF) revenue bonds, highlighting the fund's solid carry, low downside risk, and strong legal provisions. The fund's assets increased by $4.3 billion to $35 billion in FY14, with a low leverage ratio of 1.52:1.
doj/DataSet10/EFTA01378359.pdf
{"title":"Texas Permanent School Fund (PSF), TX Revenue Bonds","document_date":"2015-10-31","document_type":"tabular","key_locations":["Texas"],"document_subtype":"Investment Recommendation","key_organizations":["Texas Permanent School Fund","Deutsche Asset & Wealth Management"],"reference_numbers":["704879Z81"]}