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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Future Fund misses big gains with Telstra sale

Posted on 09 May 2013

The Future Fund has released its portfolio update for March and overall it is an impressive result, with the fund gaining 3.4% for the quarter and increasing 10.6% for the nine months to 31 March 2013. Since being created by the Howard government in May 2006, the Future Fund has returned a respectable 5.7% per annum.
Over the period since its establishment the Future Fund also achieved a more balanced allocation of assets compared with what was initially a significant skew to domestic equities. This was partially due to the fund’s seeding with Telstra shares………………………………………..Full Article: Source


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