02.09.2016 - Australia’s Future Fund gains 4.8% in fiscal year
Australia’s Future Fund reported a 4.8% investment return for its fiscal year ended June 30, lifting the value of its portfolio to A$122.8 billion ($91.1 billion). The Melbourne-based sovereign wealth fund’s gain for the quarter ended June 30, meanwhile, came to 4.6%. For the first time since its launch in May 2006, Future Fund was able to report a 10-year annualized return — 7.7% — with investment gains over that period exceeding the A$60.5 billion in initial government contributions...............................................Full Article: Source
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