31 Aug 2023
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The Future Fund was established in 2006 to limit the taxation burden on Australian tax payers in meeting the escalating future superannuation liabilities of the Commonwealth Public Service.
The Future Fund delivered a 6.0% return for the 12 months to 30 June 2023 which was below its target benchmark given its 60% allocation to growth assets and 40% defensive assets.
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What you may not know about the Future Fund is that its investment methodology follows Benjamin Graham thinking in that the vast majority of people are not capable of making investment decisions.
This is why the Future Fund hires some of the very best talent (Portfolio Managers) that money can buy to manage its assets.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.