Future Fund leaves two thirds of assets in cash

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AUSTRALIA - About two thirds of the A$61.48bn (US$59.78bn) Future Fund assets have been left in cash in bank accounts, an amount that equals up to 4% of total bank deposits in Australia in the last year.

This cash, along with extra funding from the Reserve Bank of Australia, is financing nearly one quarter of the growth in total bank liabilities occurring since the beginning of the 2007 credit crun...

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