1.38% Q1 Return Despite Economic Uncertainties

  • New York State Common Retirement Fund generated a 1.38% investment return for the fiscal first quarter ending June 30
  • Fund’s value remained at $267.7 billion, similar to its value on March 31
  • Retirement and death benefits of $4.2 billion were paid out during the quarter
  • Long-term sustainable investments help the fund weather market volatility
  • Over 42% of assets invested in publicly traded equities, 22% in cash, bonds, and mortgages

The New York State Common Retirement Fund, one of the largest public pension funds in the US, managed to maintain its value at $267.7 billion during the first quarter ending June 30 despite stock market volatility. The fund paid out $4.2 billion in retirement and death benefits during this period. New York State Comptroller Thomas DiNapoli attributed the stability to a diverse portfolio of long-term sustainable investments. With a long-term expected rate of return at 5.9%, over 42% of assets are invested in equities, while around 22% are in cash, bonds, and mortgages.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the New York State Common Retirement Fund’s investment return, its value, retirement benefits paid out, and the composition of its portfolio. It also includes a quote from the New York State Comptroller, Thomas DiNapoli, discussing the impact of stock market volatility on investors. The article is factual and informative without any significant issues related to digressions, misleading information, sensationalism, redundancy, or personal perspective.
Noise Level: 6
Noise Justification: The article provides relevant information about the New York State Common Retirement Fund’s investment return and its diversified portfolio, but it could benefit from more detailed analysis or context on the factors affecting the fund’s performance and potential future implications.
Public Companies: New York State Common Retirement Fund ()
Key People: Thomas DiNapoli (New York State Comptroller)

Financial Relevance: Yes
Financial Markets Impacted: New York State Common Retirement Fund
Financial Rating Justification: The article discusses the investment return of a major public pension fund, its portfolio composition and impact of stock market volatility on its performance. This is relevant to financial topics as it pertains to investments and retirement funds.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Nil
Extreme Rating Justification: There is no mention of any extreme event in the text.
Move Size: No market move size mentioned.
Sector: All
Direction: Up
Magnitude: Small
Affected Instruments: Stocks, Bonds

Reported publicly: www.marketwatch.com