Wednesday, October 15, 2014

Future Fund boss David Neal says RBA comments about a "violent" market correction are overstated. Unless the Fed "makes a mistake".

The head of the Future Fund has played down comments from the Reserve Bank that financial markets are heading towards a "violent correction".

The Fund's managing director David Neal says there would only be a crisis if the US Federal Reserve makes a mistake when it eventually starts moving interest rates from the current level of close to zero percent.

Mr Neal says the Fund is also paying attention to the outlook for its investments in fossil fuels and the possibility that falling demand for oil could damage traditional energy assets.

Here's my report from The World Today.

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