Australia’s Future Fund posts 2023 return results

Australia’s Future Fund has reported that it generated an 8 percent return during 2023, slightly underperforming its benchmark of 8.4 percent.

Over the past three, five and 10 years, the Future Fund has generated net annualized returns of 7.4 percent, 7.6 percent and 8.2 percent respectively, each compared with their respective benchmarks of 9.2 percent, 7.7 percent and 6.9 percent.

As of Dec. 31, 2023, 9.7 percent, or AU$20.5 billion ($13.48 billion), of the Future Fund’s AU$211.9 billion ($139.33 billion) portfolio was allocated toward infrastructure and timberland, while 6.4 percent, or AU$13.6 billion ($8.94 billion), was allocated toward property investments.