Australia's Future Fund posted a 13.9% gain for its fiscal year ended June 30, lifting the value of its portfolio to A$101 billion (US$94.1 billion), said a news release from the Melbourne-based fund.
For the five years through June 30, the Future Fund reported annualized gains of 10.9%, well in excess of its 7.1% target return for the period of the Consumer Price Index plus 4.5 percentage points.
Since the fund's launch in May 2006, it has delivered an annualized return of 7.1%, just below its target return for that period of 7.2%.
Will Hetherton, a spokesman for the fund, said further details regarding asset allocation at the end of the fiscal year will be made available within a month or two.
