The Future Fund only has 8 per cent of its assets in Australian equities, partly because there aren't many large Australian stocks and they lack diversification, Costello says. There's the banks –which all move in lock-step, the miners – which do the same and a couple of large retailers. "I wouldn't mind some more infrastructure stocks," Costello says.
I hope one day, Future Fund is one of our large shareholders when our MC 20 times bigger.
PDY Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
FMG Price at posting:
$2.49 Sentiment: Hold Disclosure: Not Held
FMS Price at posting:
1.5¢ Sentiment: Hold Disclosure: Not Held
RTA Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
