Australia’s sovereign wealth fund said its assets dipped by $900 million in the three months to the end of September, but are up 6.3 per cent over 12 months.
Investments managed by the Future Fund slid by half a percentage point over the September quarter to $205.2 billion as Australia’sreadied itself for further inflation and the potential for the conflict in the Middle East to escalate into a regional war.
The update also revealed a $4 billion reduction in its cash holdings to $19 billion and a $2.8 billion increase in. Allocations to Australian equities, private equity and property also increased.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dutton slams govt for not sending more ADF support to Middle East soonerOpposition Leader Peter Dutton has slammed the government for being too slow to send extra Australian Defence Force personnel to the Middle East amid the deepening conflict in Gaza.
Read more »
Israel Hamas: On Middle East conflict, it’s a balancing act at home and abroadGiven the long and violent history of the Israeli-Arab conflict, views towards it are pre-formed, polarised and, in most cases, utterly intransigent.
Read more »
The Guardian view on the UN and Israel: the Middle East crisis increases its challengesEditorial: A nearly eight-decade-old institution is tussling with a very different world from the one in which it was created
Read more »
Biden issues strict warning for Iran to tread carefully in Middle EastUnited States President Joe Biden has returned stern warnings to Iran after its Foreign Minister declared the superpower will not be spared if it continues fuelling war in the Middle East.
Read more »