The Future Fund chair Peter Costello has warned of challenging times ahead for investors as interest rates rise around the world, including in Australia.
Releasing a portfolio update, Mr Costello said the Future Fund stood at a record $204 billion at the end of 2021, after posting a return of 19.1 per cent for the year and substantially above a target of 7.5 per cent.
The fund - set up in 2006 to cover future superannuation liabilities of public servants - showed a 10-year return of 10.8 per cent.
