Future Fund shifts to 20pc cash weighting as global risks grow

Original article by Jonathan Shapiro
The Australian Financial Review – Page: 15 & 18 : 28-Jan-16

The Australian Government’s Future Fund reduced its investment portfolio’s equities holdings from 39 per cent to 31 per cent in 2015. The fund has in turn lifted its exposure to cash holdings to around 20 per cent, or $A24.4bn. CEO David Neal says the fund has taken into account the high-risk global environment and the low yields that currently prevail. The fund posted a return of 8.4 per cent for calendar 2015, although its return for the second half was one per cent.

CORPORATES
AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, CHANT WEST FINANCIAL SERVICES PTY LTD

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