20 Years of Investing
Our role as Australia’s sovereign wealth fund has evolved significantly over 20 years. We have grown from one fund and $60 billion to seven funds and $356 billion. With a broader remit in a volatile and complex environment, we continue to build a resilient portfolio and deliver value for Australians both today and tomorrow.
Year in Review
2025–26
The 2025–26 financial year was marked by sustained complexity in the global investment environment, driven by increasing fragmentation, persistent inflation and rapid technological change.
Geopolitics continued to impact on markets, while accelerating investment in AI drove structural shifts across economies – themes consistent with our New Investment Order thinking, which reinforce the importance of a long-term investment approach.
Against this backdrop, we remained focused on portfolio resilience, deepening and articulating our thinking through our Portfolio Resilience position paper series. The series explores how we define resilience, embed it in our investment process and apply it in practice to support long-term performance across a range of potential scenarios.
As traditional diversification became more challenging, we continued to emphasise flexibility, adaptability and our joined-up, whole-of-portfolio approach, enabling us to manage risk, capture opportunity and respond to a wide range of investment environments, while remaining focused on delivering strong long-term outcomes.
We are proud of our achievements during the year and recognise the contribution of our people, whose expertise, judgement and dedication underpin our success.
As we look ahead, we remain focused on our purpose: investing for the benefit of future generations of Australians.
