Future Fund takes cautious stance despite strong returns
Australian sovereign wealth fund exceeds benchmark return but managers stress need for “discipline”
The managers of Australia’s Future Fund are taking a cautious stance, despite delivering continued strong performance in the first half of 2017.
The fund hit A$133 billion ($105 billion) as of June 30, according to a portfolio update released today (August 31). Over the past year, the fund achieved a return of 8.7%, comfortably exceeding its target of 6.4%. So far, the fund has beaten its targets every year since its establishment in 2006.
“The Future Fund continues to perform well and has
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