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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Australia’s Future Fund Turns Cautious, a Sign of Things to Come

Posted on 03 November 2016

Australia’s Future Fund is moving away from riskier assets, in a sign that major institutional investors are becoming more conservative. Australia’s sovereign wealth fund declared on Monday that it made a 1.5% gain in the quarter through September, bringing total assets to A$124.7 billion ($95 billion).
“Like all investors across major global economies, we are facing a low-return environment,” said the fund’s chairman, Peter Costello, previously the treasurer of the Liberal Party. He said the fund is performing “well,” but is taking a “disciplined and prudent approach” to new investment…………………………………….Full Article: Source


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