Future Fund goes defensive in COVID-19 bear market

27 April 2020 - 12:00 am UTC

The Future Fund has used defensive trading strategies to protect its portfolio from extreme volatility in listed markets in the past two months, its chief investment officer said today.

In a March quarter portfolio update, Raphael Aarndt said the sovereign wealth manager recorded a negative return of 3.5%, and a return of -0.2% for the financial year to date that began in July 2019.

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