| Future Fund managing director David Neal has said the nation’s sovereign wealth fund will continue to shun risk amid a shift away from property assets through the first quarter and an eight-year peak in cash holdings.
The Future Fund booked a 1.5 per cent return for the three months to September 30, matching its mandated target and pushing funds under management above $124 billion for the first time. Figures on the breakdown of assets revealed a 0.4 percentage point rise in cash to 22.1 per cent, the second-highest share since the final quarter of 2009.............................................Full Article: Source
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