The ASRS manages a well-diversified portfolio that is designed to produce steady returns over a long period of time. This institutional investment approach relies primarily on an asset allocation strategy that does not radically change due to market conditions but is analyzed regularly to take advantage of market and economic conditions.
The current broad asset allocation is as follows:
Target | Low | High | Benchmark | |
Equities | 50 | 35 | 65 | ACWI-IMI |
Real Estate | 20 | 10 | 30 | ODCE net |
Credit | 20 | 10 | 30 | S&P / LSTA+250 |
Interest Rate Sensitive Bonds | 10 | 0 | 20 | Bloomberg Barclays Ag |
Other | 0 | 0 | 10 | Investment Specific |
Cash | 0 | 0 | 5 | 90-day TBill |
For more details on Asset Allocation, view
Strategic Asset Allocation Policy Analysis
Strategic Asset Allocation Policy Investment Strategy