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AAP
AAP
Politics
Jacob Shteyman

Trump speeds Future Fund's retreat from US markets

Australia's Future Fund will move away from US assets and look to clean energy and AI investment. (Lukas Coch/AAP PHOTOS)

Australia's sovereign wealth fund will seek out more assets in places like Europe and Japan as President Donald Trump makes the US a less attractive place to invest.

Although the diversification from US assets was already in train before Mr Trump's re-election, it has only increased the need for insurance against volatility, said Future Fund chair Greg Combet.

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