Publications

Investors - FEBRUARY 11, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Future Fund reports 5.8% return for FY 2018

by Jody Barhanovich

The A$147 billion ($104 billon) Future Fund, Australia’s sovereign wealth fund, has reported a 5.8 percent return for the year ending Dec. 31, 2018.

“The Fund produced a strong return during 2018 despite market falls in the second half of the year. In the longer term, risks around economic growth, the normalization of interest rates, and geopolitical and trade tensions continue to point to a challenging outlook for investors.”

The Fund has also achieved a 10-year return of 9.7 percent per annum against a target return of 6.6 percent pa.

David Neal, CEO, commented, “We have continued to gradually reduce risk in the Fund’s portfolio. In 2018 we commenced work to sell around A$5 billion ($4 billion) of illiquid assets in order to prepare for potentially increased volatility and to increase portfolio flexibility.”

More information, as well as the breakdown of Future Fund’s asset allocation, can be found here.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.