Future Fund Makes Rare Negative Return

Then Australian Federal treasurer Peter Costello attends the Liberal Party of Australia's Federal Council June 1, 2007 in Sydney, Australia. Ian Waldie/Getty Images

The Future Fund suffered a rare fall in return during the 2019/20 financial year at the hands of the COVID-19 pandemic, which sent the economy reeling and saw the Australian stock market fall by over a third at one stage.

The fund, set up in May 2006 to cover future superannuation liabilities of public servants, delivered a return of minus 0.9 percent for the year.