Australia’s sovereign wealth fund, the Future Fund, said on Tuesday its valuation had reached A$252 billion ($166.22 billion) as it pared back its US market exposure to boost investments in Germany and Japan.
The fund delivered a 12.2 per cent return in the year ended June 30, which the Future Fund said was double its government-mandated target of 6.1 per cent.
The portfolio update for the June quarter published on
