AOFM sells out of semi and Kangaroo holdings
- Thursday, 13 August 2009
The Australian Office of Financial Management (AOFM) has sold all its holdings of Australian state government and Kangaroo bonds, with its allocation to semis falling from A$3.82 billion (US$3.19 billion) as recently as the end of May this year to zero two months later. Its Kangaroo portfolio, which peaked at A$615 million at the turn of the year, was liquidated by the end of May.
