| Australia’s sovereign wealth fund, the Peter Costello-chaired Future Fund, has booked its first quarterly loss in years, which has whittled away the investment return over the financial year-to-date.
The disappointing result came as Mr Costello warned of persistent lower returns, with the Future Fund continuing to drive its holdings into safer cash assets as global central banks shave their ability to further stimulate the weak economy. The Future Fund missed its quarterly target of returns of 1.2 per cent, logging a negative 0.9 per cent return over the three months through March...............................................Full Article: Source
|