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Australia SWF Not To Buy EU Bailout Bonds

Australia’s national wealth fund, Future Fund, will not acquire debt being issued to rescue ailing eurozone countries.

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.

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