Future Fund Says Return, Minus Telstra, Totaled 10.6% for Year Ended June

Australia’s sovereign wealth fund, the Future Fund, said its return for the year ended June 30 was 10.6 percent.

The figure excludes a 6.7 percent gain on the fund’s Telstra Corp. stake, which the fund plans to cut “in an orderly manner over the medium term,” it said in a statement today.

The outlook for global markets is “fragile,” the fund said.

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