The Public Employees Retirement System of Ohio (PERS) has made a significant investment in Infosys Limited (NYSE: INFY), adding $36.04 million to its portfolio. This is one of the largest investments made by PERS, a $22.3 billion retirement system that provides retirement benefits to Ohio’s public employees.
Infosys is a leading global provider of consulting, information technology, and business process outsourcing services. The company has been a part of PERS’ portfolio since 2013, with the latest investment increasing the total value of its stake to $64.41 million.
PERS has been steadily expanding its investments in the technology sector, as it seeks to diversify its portfolio and increase returns. In 2020, the system allocated 15.5% of its assets to the tech sector, which has been one of the strongest performers in recent years.
The investment in Infosys is part of PERS’ ongoing efforts to balance its portfolio and ensure long-term sustainability. As one of the largest pension funds in the United States, PERS is committed to providing secure and reliable retirement benefits to its members, and strategic investments like this one are critical to achieving that goal.