31.10.2016 - Future Fund adds US property names, swapping out Australian REITs
The $120 billion Future Fund nailed its timing around the reduction of some key listed property exposures in 2015-16, with its portfolio disclosures showing that Stockland, Federation Centres and Goodman exited its top-100 holdings ahead of a steep correction in property stocks, making way for American names. The sovereign wealth fund's list of its largest listed shareholdings as of June 30 also indicates the Future Fund either quit or heavily sold down its exposure to Groupe Eurotunnel, which was hard hit by the Brexit vote, and Google............................................Full Article: Source
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