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Sovereign wealth fund urged for Australia

Posted on 27 September 2010

From Moneymanagement.com.au: Australia should establish a Sovereign Wealth Fund to secure its future wealth and prosperity, according to Investec Asset management global strategist, Michael Power.
Power said that the Sovereign Wealth Fund should be created in addition to the existing Future Fund but, instead, be funded out of foreign capital inflows and not occasional government surpluses……………………………………….Full Article: Source


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