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Ohio SERS increases real assets allocation for 2017 investment plan

by Andrea Waitrovich

The School Employees Retirement System of Ohio has approved its 2017 annual investment plan, increasing its target allocation to real assets to 15 percent. Real estate, natural resources and infrastructure are part of SERS’ real assets portfolio.

The retirement system’s real assets exposure reached the 15 percent target allocation in December 2015. As of April 30, 2016, Ohio SERS’ actual allocation to real assets was 15.3 percent of the total fund.

The role of SERS’ global real assets portfolio is to provide a stable income return from tangible assets, to be a partial inflation hedge over the long term and to provide low correlation to equities. The pension fund plans to improve the risk/return characteristics of the global real assets portfolio, reduce fees and realign manager lineup as needed.

During the 2015 fiscal year, real estate and infrastructure continued to offer the best opportunity, resulting in a commitment of $55

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