Australian SWF heads see returns dipping as central banks normalise policy
Chair of Future Fund says easy monetary policy ‘cannot be sustained indefinitely’
Australia's sovereign wealth fund (SWF) returns are likely to dip in the coming years as central banks normalise monetary policy, its heads warned today (September 2), as they revealed a 15.4% increase in the size of the Australian Government Future Fund in the last financial year.
The Future Fund has grown at a rate significantly above its target over the past three years, with an average annual return of 15%. In the year to June 30 alone it increased by A$15.6 billion ($10.9 billion) to A$117
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