| Falls in the Australian market have further reduced the share of the nation's sovereign wealth fund tied up in Australian equities over the last quarter. The Future Fund board of guardians said yesterday it had returned 2.1 per cent in the last financial year -- with total assets now valued at $77.01 billion -- although on a five-year average the returns are at 4.4 per cent. At June 30 the fund held 10.4 per cent of its assets, or $7.98bn, in domestic equities. This compares to 11 per cent, or $8.48bn, at March 31.
"We made no changes to the Aussie equity program over the quarter. The change is just a result of market falls," a spokesman said...............................................Full Article: Source
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