Arizona returns 17.5% for year ended June 30

Arizona State Retirement System, Phoenix, reported an investment return of 17.5% for the year ended June 30, up from 2.4% in the prior 12-month period, said David Cannella, communications and media relations manager. The $21 billion system's U.S. equity portfolio returned 22.2%, domestic fixed income gained 0.2% and international equity earned 34.3%, he said.