| Australian sovereign wealth fund (SWF) and long-term savings vehicle Future Fund has secured investment returns of A$62 billion (US$47.3 billion) in the financial year ended June 30, 2016, boosting the fund's total AUM to A$122.8 billion.
David Neal, managing director of the Future Fund, pointed out that the board considers returns over ten-year rolling periods as a suitable performance measure for the fund, given its long-term investment mandate. “As we were set up in 2006, this was the first time we were able to report a ten-year return,” he remarked, adding that the returns had exceeded the initial benchmark target of 6.9% per annum to reach 7.7%.............................................Full Article: Source
|