The Future Fund, Australia’s sovereign wealth fund, has reported a 10-year return of 8.5 percent, exceeding its benchmark target of 6.7 percent, as of March 31. Across five public asset funds the Future Fund, DisabilityCare Australia Fund, the Medical Research Future Fund and two Nation-building Funds, the Board of Guardians now invests $166 billion (US126$ billion).
The Future Fund now stands at $141 billion.
“Looking at the investment environment, sustained economic growth across the major advanced economies is positive for the near-term, although the longer-term outlook remains challenging. Interest rates globally are poised to begin rising as the world works through surplus capacity,” said Hon Peter Costello AC, chair of the Future Fund Board of Guardians. “Looking forward, the board remains alert to a range of uncertainties and risks, including the response of central banks to the changing economic environment, international political tensions and the
