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Future Fund’s Allocation To Alternatives Drops

Alternatives  assets  have dropped  to 14.6%  of the Future  Fund’s  investment  portfolio  from  16.3%  a year  ago.  However,  due  to  the  rise  in  the  fund’s AUM to $96.6 billion, the actual allocation to alternatives  has  risen  from  $13.4  billion  to  $14.1 billion over the year. The fund’s  allocation  to both developed  and emerging  equity markets increased significantly while debt securities allocations fell substantially. Note that equity hedge funds such as long/short  funds  are allocated  to the fund’s  equity ‘bucket’ rather than its alternatives category.

 

 

Asset Allocation

 

A$ billion

(Dec

2013)

 

Percentage of the fund (Dec 2013)

 

Percentage of the fund (Dec 2012)

Australian Equities 9.7 10.1 11.1
Global Equities      
Developed Markets 23.7 24.5 18.1
Emerging Markets 8.3 8.6 5.3
Private Equity 7.5 7.7 6.8
Property 5.1 5.3 6.6
Infrastructure & Timberland 7.8 8.0 6.4
Debt Securities 11.8 12.2 19.1
Alternative Assets 14.1 14.6 16.3
Cash 8.7 9.0 10.3
Total 96.6 100% 100%

 

Source: Future Fund. Totals may not add due to rounding.

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