| Australia's sovereign wealth manager, the Future Fund, on Monday posted a return of 1.5 percent for the last quarter, in line with its target, following a disappointing annual performance in the 2015/16 financial year.
"Like all investors across major global economies, we are facing a low-return environment," said Peter Costello, chairman of the A$124 billion ($94.17 billion) Future Fund. In June, it posted a return of 4.8 percent for the last financial year, versus an expected 5.5 percent, as the fund lowered its exposure to risk assets due to global growth uncertainty.............................................Full Article: Source
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