Powered by MOMENTUM MEDIA
lawyers weekly logo

Future Fund hits $100bn

  •  
By Scott Hodder
  •  
2 minute read

The Future Fund has reported funds under management of $101 billion after generating investment returns of $12 billion for the 2013/2014 financial year.

Posting its provisional outcome for the 2013/2014 financial year yesterday, the Future Fund has now generated over $40 billion from government contributions valued at $60.5 billion.

Future Fund chairman Peter Costello said the returns show the value of long-term and patient investing.

"In the fund’s early days, in a challenging investment climate, the returns were below the target range, but disciplined adherence to clear objectives have delivered good results over the medium term," said Mr Costello.

Over seven-, five-, three- and one-year periods to 30 June 2014, the fund met or exceeded its return objectives, according to a statement.

Since its creation in May 2006, the Future Fund has achieved a return of 7.1 per cent per annum – just below its target of 7.2 per cent.

Comments (0)

    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is 10MB. Only gif,jpg,png files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as