Australia’s Future Fund has grown to a peak of A$179 billion ($138 billion), clocking a 4.5 percent return for the previous quarter.
As of March 31, the total funds managed across all six funds stood at A$226 billion ($175 billion), according to a portfolio update from the board of guardians.
“The Future Fund has continued to perform well, growing by over $16 billion over the last 12 months,” said Hon Peter Costello, chair of the Future Fund board of guardians. “Markets have continued their recovery, driven by the deployment of vaccines, quantitative easing and fiscal stimulus around the world.”
Costello cautioned that despite the rosy investment outlook, a number of risks remain. “With interest rates at historically low levels, markets are very sensitive to any prospect of inflation and rising rates as a consequence,” noted Costello. “The board recognizes that the investment challenge ahead is significant and is continuing to assess and position
