The Ohio State Teachers Retirement System, Columbus, expects its assets to grow by $3 billion during the fiscal year that began July 1, to $57 billion, according to the system's 2004-2005 investment plan. The system expects below-average returns from fixed income, above-average returns from domestic and international stocks and average returns from real estate. In terms of risk, the system expects between 60 and 100 basis points of risk in its portfolio during the fiscal year. It predicts 250 basis points of risk in its real estate portfolio during the year, 175 basis points in international equities, 70 basis points in fixed income, 40 basis points in domestic equities and five basis points in liquidity reserves.
The system expects to be somewhat overweight in liquidity reserves, underweight in fixed income, slightly overweight in domestic and international equities and neutral in real estate, according to its investment plan.