| Future Fund chairman Peter Costello has forecast lower investment returns are coming and warned investors against taking increased risks to try to compensate for a shortfall in earnings. “There will be very difficult trading conditions going forward. Returns are at historic lows,” he said.
“This is a very difficult yield environment and it means we are looking very carefully for ways to maximise yields while not chasing the risk too far.” Costello’s warning comes as the government’s sovereign wealth fund pared back its allocations to high-risk assets and beefed up its holdings of low-risk cash and debt securities...............................................Full Article: Source
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