Australian Sovereign Wealth Fund Up 12 Percent Off the Back of US Economy

Investment strategy and global economic conditions drive $26 billion boost to Australia’s sovereign wealth.
Australian Sovereign Wealth Fund Up 12 Percent Off the Back of US Economy
Blank one dollar coins are seen on a conveyor belt at the Royal Australian Mint in Canberra, Australia on Sept. 2, 2020.AAP Image/Mick Tsikas
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Australia’s Future Fund achieved a record-breaking $237.9 billion in 2024, driven by a 12.2 percent return on investments revealed the portfolio released on Feb. 5.

This significant growth, which added $26 billion to the Fund’s value, surpassed the mandated return target of 6.4 percent.

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].