AUSTRALIA'S FUND RETURN 9.3%

FUTUREFUND - 2017-18 was a strong year for the Future Fund, delivering a return of 9.3% and adding over $12 billion in earnings.

Over 10 years the Fund has achieved a return of 8.7% per annum, exceeding its benchmark of 6.6% per annum. 

From the original seed capital of $60.5 billion the Future Fund has earned $85.3 billion.

The Fund now stands at $145.8 billion. 

The Medical Research Future Fund (MRFF) is performing well.

Since inception the Fund has achieved a return of 4.2% per annum, ahead of its target return of 3.1% per annum. The MRRF, now valued at $7.2 billion, is designed to provide funding grants to support medical research and medical innovation.

The DisabilityCare Australia Fund and the two Nation-building Funds also performed well, meeting their benchmark target return.

The Board of Guardians now invests over $175 billion across the five public asset funds.

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Earlier:  

2019, February, 22, 11:55:00 AUSTRALIA'S GDP UP 3% IMF - Australia has advanced further in its economic rebalancing after the end of the mining investment boom of the 2000s. Economic growth picked up to rates above that of potential output in the first half of 2018, with solid private and public consumption and residential investment more than offsetting the drag from delays in public investment plans and drought.

2019, February, 22, 11:30:00 SANTOS NET PROFIT $630 MLN SANTOS - Santos reports record annual underlying profit of $727 million and record free cash flow of $1,006 million

2019, February, 8, 11:30:00 AUSTRALIA'S LNG UP PLATTS - LNG exports from Australia's east coast rose 9% month on month to 1.93 million mt in January, buoyed by strong sales to China and Japan, data from the Gladstone Ports Corporation showed Thursday.

2018, December, 10, 08:35:00 AUSTRALIA: THE BIGGEST LNG REUTERS - Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.

2018, November, 22, 10:45:00 CONTINUED AUSTRALIA'S GROWTH IMF - Australia’s recent strong growth is expected to continue in the near term, further reducing slack in the economy and leading the way to gradual upward pressure on wages and prices.

2018, October, 3, 08:25:00 AUSTRALIA'S RESOURCE EXPORTS: $182 BLN REUTERS - Australia’s government expects the nation’s resource and energy exports to hit a record of A$252 billion ($182 billion) in 2018-2019, buoyed by climbing prices for commodities such as natural gas and by a weaker Australian dollar.

2018, June, 15, 10:40:00 AUSTRALIA'S LNG INFRASTRUCTURE REUTERS - The issue comes down to how quickly to build a shared infrastructure system that would include a major trunk pipeline for transporting gas from mammoth new offshore fields owned by various companies in northwest Australia.