| Australia's wealthiest state in terms of resources is set to create its own sovereign wealth fund, despite criticism that the country's superannuation system does not need the backup.
Western Australia's premier Colin Barnett said that the investment vehicle will be comparable to the existing 73.07 billion Australian dollar (US$78 billion) Future Fund set up by the Commonwealth government in Canberra, the Wall Street Journal initially reported..............................................Full Article: Source
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