Future Fund adds to risk assets as market fears abate

Australia’s Future Fund has raised its public equities market exposure in the face of receding short-term threats, the fund’s executives said in a briefing to announce its annual results yesterday (February 1). For the year ended December 31, 2017, the fund generated a return of of 8.8%, against a target return of 6.4%.  Future Fund chairman Peter Costello said the recent investment climate has been unusually strong, which helped to prompt its asset reallocation and good returns…