The $10 billion fund will provide only $450 million for social housing per year, and less when markets turn down, but such funds can make financial sense.
The Grattan Institute is proposing a $20 billion fund managed by the Future Fund Board of Guardians which, if matched by the states, would fund 6,000 new places per year.
Foreign companies are failing to heed the UN call to stop doing business with Myanmar’s blood-stained military elite.
Future Fund chairman David Gonski must be pleased. The Future Fund has posted stronger growth than other private and public super funds.
AAP/Tracey Nearmy
Figures released last week by the Future Fund revealed it was outperforming the most aggressive of Australia’s pool super funds and was on track to reach its target of $140 billion a year early, in 2019…
Coal threatens our future: what kind of investment is that?
AAP Image/Paul Miller
After a year long public campaign, the Future Fund has today announced plans to end its $222 million investment in tobacco. The decision follows much debate about whether the Future Fund should engage…
Super funds could fund research initiatives as well as provide good returns to fund members.
Image from www.shutterstock.com
Kevin Davis, Australian Centre for Financial Studies
Can the growing stash of super savings be used productively to fund valuable bio-science and other R&D while still generating good returns for fund members? Such research is typically high risk, but…
It’s time for the Future Fund to end its deadly addiction to tobacco investment.
Robert Huffstutter
Australia has shown outstanding leadership on tobacco control - but it could do more. The next step is surely for the Future Fund to quit its addiction to tobacco investments. The Gillard government’s…
Can greater use of a sovereign wealth fund help share the revenue from the mining boom for future generations?
AAP
There has been growing debate as to whether Australia should make greater use of Australia’s sovereign wealth fund, the Future Fund, to manage fluctuations in the federal budget balance due to commodity…