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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Future Fund grows despite global market ructions

Posted on 19 October 2015

Australia’s $118 billion sovereign wealth fund managed to keep its head above water over the volatile September quarter, growing the fund by $600 million during a period when global sharemarkets saw their worst performance in four years.
However, Future Fund chairman Peter Costello has warned again of lower expected returns in the long term, after the fund managed to eke out a gain of 0.5 per cent over the three months to September 30, taking the total value of the fund to $117.8bn. The 0.5 per cent rate of return over the period was below the Future Fund’s target of 1.6 per cent for the quarter, but came at a time when global sharemarkets, including the Australian bourse, posted their worst performance since 2011………………………………………..Full Article: Source


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