Australian SWF Future Fund returns 4.5% in Q1 but warns of lingering challenges

Sydney, Australia. Photo: Unsplash

Future Fund, Australia’s sovereign wealth fund, announced that it has clocked returns of 4.5% in the quarter ended March 2021, raising the value of its portfolio to a record A$178.6 billion ($139 billion) amidst the global COVID-19 pandemic.

“The Future Fund has continued to perform well, growing by over $16 billion over the last 12 months. All funds have beaten their target returns across all timeframes,” said the fund’s chairman Peter Costello.

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