(Pension & Investments) Australia’s Future Fund Tuesday reported a 0.8% investment gain for the Sept. 30 quarter, lifting the value of the sovereign wealth fund’s portfolio to A$134.5 billion ($105.2 billion). The latest gain trailed the fund’s 1.4% target return for the period, reflecting its long-term mandate of delivering returns 4 to 5 percentage points above consumer price inflation. The fund’s returns for the 12 months through Sept. 30, at 7.9%, continued to exceed its mandated target of 6.0%.
Future Fund Reports 0.8% Gain For Qtr; Incremental Move to Equities From Cash
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