Australia’s national wealth fund, Future Fund, will not acquire debt being issued to rescue ailing eurozone countries, The Wall Street Journal reports. The $80 billion fund is currently steering clear of sovereign bonds, said its Chairman David Murray.
The wealth fund has invested about 20% of its portfolio in fixed income securities. The European Union recently sold €9.5 billion of bonds to support Ireland and Portugal.
Click here for the story from The Wall Street Journal.
