Kentucky Retirement Systems (KRS) has reported a 1.2 percent return for the fiscal year due to relative outperformance in the real estate and non-U.S. equity portfolios, combined with an overweight to the core fixed income allocation.
According to a performance report from June, KRS’ investment portfolio saw a 1 percent return, surpassing its benchmark of 0.7 percent. However, the portfolio’s relative outperformance was partially offset by weaker performance in the real estate and specialty credit portions of the portfolio.
The real estate portfolio fell 1.3 percent during the month of June, but added 9.8 percent for the fiscal year.
