26 April 2024 14:27
Australian sovereign wealth fund Future Fund has returned 8.3 per cent in the financial year to date, adding $17.2 billion during the period and taking the overall assets under management to a record $223.4 billion.
The 10-year return is now 8.6 per cent per annum, exceeding the target of 6.8 per cent.
Developed market equities claimed the biggest percentage of the fund, standing at 20.3 per cent, followed by private equity (15 per cent) and alternatives (14.7 per cent).
Despite geopolitical turbulence, markets are avoiding short-term turmoil and reacting to the underlying fundamentals showing the strength of major economies, a pair of AMP investment executives told the Professional Planner Managed Accounts Decoded podcast.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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