Cashed-up fund cools on property

Original article by Daniel Palmer
The Australian – Page: 24 : 1-Nov-16

The Future Fund has posted a return of 1.5 per cent for the September 2016 quarter. Its cash holdings rose by 0.4 per cent to 22.1 per cent, compared with just 15.1 per cent for the same period in 2015. The sovereign wealth fund lifted its portfolio’s weighting toward equities by 0.6 per cent to 29.4 per cent, while its exposure to property and private equity fell. MD David Neal says the Future Fund is likely to maintain its risk-adverse profile. Its assets under management totalled $A124.65bn at the end of the quarter.

CORPORATES
AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, PORT OF MELBOURNE

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