| Australia's sovereign wealth fund The Future Fund has shifted more of its assets into cash as it fears rising investment risks that won't be matched by higher returns. In a portfolio update released on Wednesday, the fund showed it had moved an extra $5 billion into cash since its March update to make it more than 20 per cent of the total portfolio.
The cash balance has more than doubled since September last year, when the Future Fund held $10 billion. The Future Fund delivered a strong 15.4 per cent return for the financial year to June 30, or $15.6 billion. Investment returns are now at $56.7 billion, pushing its assets up to $117.2 billion...............................................Full Article: Source
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