Funds Management News

Future Fund ‘resilient and well positioned’ to market shocks

Posted by Anton Murray Consulting on . Posted in Funds Management News


The Future Fund has reported a 0.6 per cent fall in assets during the September quarter to $193.13 billion, down from $194.38 billion in the June quarter. Despite this fall, which came on the back of a negative 1.2 per cent return in the 2021-22 financial year, Future Fund chair Peter Costello said that the sovereign wealth fund has proved “resilient and well positioned” to shocks while also maintaining its long-term performance. Over the quarter, he noted that developed listed markets were down by 5.2 per cent. Annually, the Future Fund fell 3 per cent compared to a fall of nearly 8 per cent for the ASX 200.

Mr Costello said that the withdrawal of “exceptional” monetary and fiscal stimulus was reducing asset prices and introducing much more volatility. “The inflationary pressure unleashed by unprecedented stimulation, together with political events, has led to central banks tightening policies by raising interest rates,” he said. “Central banks are responding by tightening policy and will continue to increase rates to fight inflation, increasing the risk of a policy induced recession.”

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