Future Fund acquires stake in infrastructure company
The fund has acquired a 19.8 per cent interest, alongside QIC, in the owner of the largest toll road network in Victoria.
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The fund has acquired a 19.8 per cent interest, alongside QIC, in the owner of the largest toll road network in Victoria.
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The Future Fund has reported a one-year return of 10.1%, exceeding its target benchmark of 7.6%, as its total assets under management reached a record $223.4 billion.
A sharemarket rally, spurred by hopes of rate cuts, has lifted the Future Fund’s portfolio, but it says investors have not adjusted to a higher-for-longer scenario.
The Future Fund has started preparing its $136 billion portfolio for a financial environment with higher inflation and warned other investors will need to follow its lead.