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Sovereign Wealth Funds Briefing - Categorized | Performance, Trends

Australian fund managers feel strain from Europe’s debt crisis

Posted on 25 May 2012

Australian fund managers may be on the other side of the world from the drama unfolding in Europe, but local wealth managers are nonetheless feeling the impact from the region’s debt crisis.
Australia’s A$77 billion Future Fund had A$4.32 billion, or 5.77% of its total equity and debt program, invested in Europe as of February 14, according to data supplied to the country’s parliament. Of that, less than 0.4% was in Europe’s most troubled countries–Greece, Portugal, Spain, Ireland and Italy………………………………………..Full Article: Source


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