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93: Australia's Sovereign Wealth Fund - With Ben Samild, Deputy CIO of Future Fund

Money Maze Podcast

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The Importance of Domestic Investment in Australia

Melbourne-based CBA has been taking a more domestic exposure over the last few years. The company also started to look at the state of the world and start getting a little bit concerned that things were shifting on the margin. We essentially concluded that it was reasonable to assume that they are and that COVID was a catalyst for this. And what we thought would happen coming out of it was higher inflation, some form of de-globalization, more conflict,. Much more fiscal empowerment, rising interest rates, but probably monetary being secondary to the fiscal for first time in forever.

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