Australia's Future Fund posts lower quarterly return, warns of uncertain outlook

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Australia’s A$165.7 billion sovereign wealth fund on Monday said its return for the three months to September fell 3.4 percentage points to 1.9%, its lowest quarterly gains since December, as it warned of a subdued long-term investment outlook.

The Future Fund said its annual return of 11.3% was also slightly lower than the 11.5% it reported the previous quarter, but it still beat its self-imposed return target of 5.6%.

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