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. The portfolio benefitted from its relative outperformance in the non-U.S. equity and Core fixed income segments, in combination with the significant underweight position to the real return category, which fell -1.6 percent during the month. However, the portfolio’s relative outperformance was partially offset by weaker performance in the real estate and specialty credit portions of the portfolio.
KRS said the real return portfolio, absolute return, and opportunistic portfolios showed negative returns for the ye
