Future Fund Thrives Under New Investment Mandate

Australian Treasury

The Albanese Government welcomes the very strong returns achieved by the Future Fund which saw our sovereign wealth fund grow by almost $30 billion last year.

This is a great result for the Future Fund and a great result for our country.

In the 2025 calendar year, the Future Fund made a return of 12.4 per cent, up from 12.2 per cent in 2024 and 8.0 per cent in 2023.

The Fund has also achieved a 10‑year return of 8.5 per cent, above the mandated target return of 7.0 per cent.

These strong returns were achieved under the Future Fund's updated Investment Mandate, introduced by our government.

Those changes were all about modernising the Future Fund to align with the nation's priorities, where it makes financial sense to do so.

These results show the Future Fund hasn't just maintained its strong returns, but it has surpassed them for 2025.

Our opponents said the sky would fall in when we updated the Future Fund's Investment Mandate, but these returns show those criticisms were unfounded.

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