New Mexico Retiree Health Care Authority
2013 5-to-7 Year Volatility Forecasts
Volatility Asset Class Cash Treasuries IG Corp Credit MBS Core Bonds* TIPS High-Yield Bonds Bank Loans Global Bonds (Unhedged) Global Bonds (Hedged) EMD External EMD Local Currency Large Cap Equities Small/Mid Cap Equities Int'l Equities (Unhedged) Int'l Equities (Hedged) Emerging Int'l Equities Private Equity Private Debt Private Real Assets Real Estate Commodities Hedge Funds Low Vol Hedge Funds Mod Vol
2012 1.50% 6.00% 7.00% 9.00% 7.00% 7.50% 13.00% 6.50% 10.00% 5.50% 13.00% 15.00% 18.00% 22.00% 21.00% 19.00% 27.00% 28.00% 19.00% N/A 15.00% 18.00% 7.00% 12.00%
2013 1.00% 6.00% 7.50% 7.00% 6.31% 7.50% 13.00% 6.50% 9.00% 5.00% 12.00% 14.00% 18.00% 21.00% 21.00% 19.00% 26.00% 27.00% 19.00% 24.00% 17.00% 18.00% 7.00% 12.00%
2013-2012 -0.50% 0.50% -2.00% -0.69%
-1.00% -0.50% -1.00% -1.00% -1.00%
-1.00% -1.00%
2.00%
* Core Bonds assumption based on market weighted blend of components of Aggregate Index (Treasuries, IG Corp Credit, and MBS). 30
50