San Diego Retirement Approves Target Asset Allocation Updates

At their June 20th board meeting, the San Diego County Employees’ Retirement Association approved of four changes to policy target asset allocations.

The pension fund reduced the Liquid Equity Target by 3% to 47% with a policy range of 45-55%.

Also reduced by 3%, the Global Equity Target was brought down from 8% to 5%. The Global Equity range is 0-15%.

The Risk-Reducing Fixed Income Target was brought up from 19% to 22%, an increase of 3%.

Lastly, the Return-Seeking Fixed Income Target was increased by 1%, bringing it from 6% to 7% for fiscal year 2025.

As of March 31, SDCERA has a market value of $17.59 billion.

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.