The Future Fund (ex Telstra) produced a return of 1.54% ($652 million) for the period 1 July 2007 to 30 June 2008
Posted on 09/01/2008
Portfolio Update at 6/30/2008
Following completion of the audit process for 2007-08, the Future Fund Board of Guardians has issued a portfolio update for the year.
The Future Fund (ex Telstra) produced a return of 1.54% ($652 million) for the period 1 July 2007 to 30 June 2008. The Chair of the Board of Guardians, Mr David Murray AO, said: “The positive result in the current investment environment reflects our decision to slow the purchase of equities in the first half of the year due to concerns about pricing. This allowed us to benefit from a substantial cash component in the portfolio. Our focus moved to taking advantage of changed credit conditions, while developing our capabilities in private markets, including property, private equity and infrastructure. This is part of our program of building our long term target portfolio.”
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