❓ Mr. Wyatt questions the WA Future Fund's low returns and asks if the government will alter its investment mandate. The Treasurer responds that the fund has met its objectives but asset allocation is regularly reviewed.
AnsweredQoN 5084Legislative Assembly
QuestionView source ↗
Given
the low return produced by the Western Australian Future Fund, has the Government considered alterations
to the investment mandate of the fund: (a) if
not, why not; and (b) if
so, when will the Government seek to make these changes?
the low return produced by the Western Australian Future Fund, has the Government considered alterations
to the investment mandate of the fund: (a) if
not, why not; and (b) if
so, when will the Government seek to make these changes?
AnswerView source ↗
Answered
23 March 2016
Response time
28 days
While the Future Fund has consistently achieved its investment objective since inception, it is acknowledged that the investment environment has changed since the Fund was established in 2012. In this regard, the Department of Treasury and the WATC regularly review the Asset Allocation for the Future Fund, in order to ensure the Fund continues to meet its investment objective within accepted risk tolerance.
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