New Mexico SIC intends to lift the portfolio from 7.4% to between 10% to 15%: New Mexico State Investment Council (SIC) is planning to increase its weighting to European real estate by investing up to $100m (€84.1m) a year. In a board meeting report, New Mexico SIC said it intends to increase the European proportion of its real estate portfolio from the current 7.4% to between 10% and 15% over the next few years, adding that the economic outlook of key European economies has continued to improve.