Future fund increases cash and reduces infrastructure assets

21 October 2020 - 12:00 am UTC

Australian sovereign wealth manager the Future Fund grew its portfolio by 1.1% to AUD 163bn (USD 115bn) over the last three months, but year-on-year returns stayed in negative territory due to COVID-19.

The share of infrastructure assets slipped to AUD 11.28bn, or 6.9% of the total, in the July-September quarter, down 0.2% from a year earlier, according to a portfolio update released today.

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