09.05.2013 - Future Fund misses big gains with Telstra sale
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 fundís seeding with Telstra shares...............................................Full Article: Source
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