Year

Real estate weighting

wRe

Real estate returns E (RRe)

Fixed income assets weighting wFi

Fixed income assets returns

E(RFi)

Equities

weighting

WEq

Equities returns E(REq)

2009

13.1

5.6

75.3

8.9

11.5

4.1

2010

13.0

4.9

76.7

9.4

10.3

4.7

2011

13.9

4.3

74.9

11.1

11.2

12.9

2012

19.7

2.7

69.5

9.9

10.8

6.1

2013

17.1

2.8

66.7

15.6

16.2

4.0

2014

18.3

2.7

62.3

12.5

19.3

6.1

2015

21.2

2.5

64.5

12.8

14.4

7.5

2016

25.2

2.3

59.9

11.3

14.9

14.3

2017

21.2

2.5

64.2

11.1

14.6

6.2

2018

21.2

2.5

64.8

12.0

14.0

4.6

Average

18.4

3.3

67.9

11.5

13.7

7.0