Investing for the benefit of future generations of Australians
After the Commonwealth Government was able to retire net debt, it set aside money in an asset fund to prepare for challenges of the future, challenges like the ageing of the population.
The Future Fund is a purpose-driven organisation that has held the same mission since its inception 15 years ago – investing for the benefit of future generations of Australians.
As Australia entered the new millennium, there was a strong sense of confidence and optimism in the country.
In May 2005 when the Government formally announced the Future Fund
would be established, it had no staff, no precedent in Australia, and most of all, no money. It was a time of excitement: no-one knew quite how this idea would work in practice.
By late 2007, equity markets around the world were reaching record highs after years of strong economic growth and low inflation.
The share market had soared into record territory in the two years since the Future Fund’s establishment was announced in 2005.
By early 2009, governments around the world were unveiling huge stimulus programs aimed at spurring jobs and economic growth.
It was late February 2020 when CIO Raphael Arndt rang the Fund’s Head of Portfolio Strategy, Sue Brake, with a question.