| Australia’s sovereign wealth fund has warned of lower returns after a strong performance in the past year as the Future Fund reduces risk ahead of the transition to a tightened global monetary policy environment.
The Future Fund today said the total value of the fund rose to $117.2 billion over the 12 months to June 30, increasing $15.6bn in the period to give a return of 15.4 per cent. But managing director David Neal warned that “prospective returns will likely to be harder to achieve given the run up in asset prices and a somewhat mixed global economic and market outlook”...............................................Full Article: Source
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