01.11.2016 - Future Fund moves away from property
The Future Fund has scaled back its exposure to property in the first quarter as it reported returns in line with its mandated target. For the three months to September 30, the sovereign wealth fund recorded a 1.5 per cent return, pushing its funds above $124 billion. The breakdown of asset allocation at the end of the quarter showed a significant move away from property, with its share of assets sliding 0.5 percentage points to 6.5 per cent. Private equity as a share of assets also declined significantly, from 10.4 per cent to 10 per cent.............................................Full Article: Source
Print