Australia’s $198b wealth fund to curb global investment as geopolitical tensions, rates rise

May 04, 2022 10:48 AM

SYDNEY (BLOOMBERG) – Australia’s A$201 billion (S$198 billion) sovereign wealth fund plans to seek more local investments and trim exposure to listed companies as geopolitical tensions rise and markets get jittery over rate hikes.

Source : https://www.straitstimes.com/business/companies-markets/australias-198b-wealth-fund-to-curb-global-investment-as-geopolitical-tensions-rates-rise