Tech companies boost university endowments

(CNN)– The Financial Times reports a number of big university endowments in the U.S. are on track to match or even outperform the S&P 500 Index.

This as large investments in tech companies like Space-X and Ai companies give university endowments a boost.

The S&P 500 rose more than 20% over the 12 months ending June 30.

The Times reports the University of Colorado returned more than 20% in the year to June which is just below the S&P 500.