01.09.2016 - Decade-old Future Fund doubles in size
The Future Fund has doubled in size since was it created 10 years ago to stand at $123 billion, larger than former Liberal treasurer Peter Costello envisaged when he established it. But Costello, now chairman of the fund which aims to cover the unfunded liabilities of public service superannuation, has warned the investment environment is challenging, with returns likely to be lower and risks higher while global growth remains weak. In the past decade the fund has returned 7.7 per cent, adding $62.3 billion to the original government contributions of $60.5 billion...............................................Full Article: Source
Print