Friday 6 February 2015

Future Fund Returns 13.2 per cent

The Future Fund stands at just over $109 billion after making a 13.2 per cent return over 2014.
The Fund, set-up in 2006 to cover future superannuation liabilities of public servants, has now added $48.7bn to an original contribution of $60.5bn from the federal government.
The fund’s managing director David Neal said an emphasis on a diversification of investments delivered the strong result.
He said its private equity, property and infrastructure programs significantly outperformed listed markets.
“The decision to increase our US dollar exposure also contributed to the strong calendar year return,” Mr Neal said in a statement.
This news story is reprinted from www.businessspectator.com.au
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