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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Super savings doing work of wealth fund

Posted on 04 July 2011

Australia’s rate of savings is remarkably high compared with other developed nations and one of the main savings drivers - compulsory superannuation - is effectively doing the job of a sovereign wealth fund.

Senior Treasury official David Gruen told the Growth Challenge conference yesterday concern about Australia’s savings levels was answered when comparisons were made with countries with similar economies such as the US, Britain, New Zealand and Canada……………………………………….Full Article: Source

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