26 Jan Australia’s Future Fund delivers 14.3% return, highest since 2015
Australia’s sovereign wealth
manager, the Future Fund, said on Tuesday it returned 14.3% in
the year to Dec. 31, its highest annual return since 2015 thanks
to booming stock markets, but has raised cash holdings amid
overheating fears.
Global equity markets have risen to record highs in recent
months, driven by highly accommodative monetary policies and
despite sluggish growth and ongoing geopolitical concerns.
manager, the Future Fund, said on Tuesday it returned 14.3% in
the year to Dec. 31, its highest annual return since 2015 thanks
to booming stock markets, but has raised cash holdings amid
overheating fears.
Global equity markets have risen to record highs in recent
months, driven by highly accommodative monetary policies and
despite sluggish growth and ongoing geopolitical concerns.
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