19.10.2015 - Future Fund issues return warning
The Future Fund has issued a warning to investors that the high returns of the past few years are unlikely to continue in the medium term. The latest update shows the Future Fund's investment strategy has almost doubled the value of original government contributions since its inception. Since its launch in May 2006, the sovereign wealth fund has added $57.3 billion in investment returns to the government's original contributions, which were valued at $60.5 billion at the time of transfer. The performance translates to annualised return of 7.8%, comfortably ahead of the long-term target return of CPI +4.5%, which equates to 7.1%. Performance is also well ahead over one, three, five and seven years...............................................Full Article: Source
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