Australia's Future Fund, valued at $230 billion, shifts focus to housing, renewables, and infrastructure.

Australia's Future Fund, a $230 billion sovereign wealth fund, will now prioritize investments in housing, renewable energy, and infrastructure, as mandated by the government. The fund's primary goal remains to maximize returns, with no changes to risk profiles or expected returns. The government also promises not to withdraw from the fund until at least 2032-33, when it's projected to reach $380 billion. Critics worry this shift could lead to less profitable investments.

November 20, 2024
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