Australian Future Fund returns -2.9% in third quarter

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AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

Total fund assets decreased by approximately A$2bn from the previous quarter, results show. The fund said the negative return was due to Australian and global equity markets falling 13% and 14% ...

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