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By Beverly Chandler, Opalesque London:
Alternatives still dominate Australia’s Future Fund portfolio, with its 1st May publication of end March figures showing the A$77bn ($77bn) fundʼs alternatives
allocation remained steady at around A$14.48
billion ($14bn).
However, in percentage terms, the fund’s allocation to alternatives has been falling steadily for the past year. As a percentage of
the fund, the allocation to alternatives fell to 18.8%, from
19.8% to end December 2011 and, from 21.6% in
September 2011. However, it is still the largest asset
class within the Future Fund portfolio.
Over the past three months, total assets of the
Future Fund rose by A$4 bn ($4bn) to A$77bn ($77bn). The
Fund has generated a return of 4.9% per annum
since contributions began on 5 May 2006.
The Future Fundʼs return for the quarter to 31
March 2012 was 5.4% and for the financial year to
date it was 2.2%. Asset classes which received
significantly more funds during the quarter were
global equities (both developed and emerging
markets), private equity and debt securities.
Mark Burgess, General Manager of the Future Fund, noted that markets had recovered
following weakness in the first six months of the financial year.
"The market falls...................... To view our full article Click here
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