The Government\u2019s OneFund strategy is delivering strong results, with a balance of $70.4 billion at the end of calendar 2025 and having returned $8.8 billion from its inception at the end of August 2024.<\/p>\n\n\n\n
Following the implementation of Phase 2 in 2025, OneFund is now expected to deliver around $2.2 billion more than the previous government\u2019s approach would have delivered by 2028-29.<\/p>\n\n\n\n
This will be achieved while also taking on $16.3 billion less debt than the previous government\u2019s approach.<\/p>\n\n\n\n
OneFund pools the State\u2019s investment funds together, with all funds sharing a common risk appetite and investment strategy. This structure means that funds can be invested more efficiently and flexibly, with a focus on the longer term.<\/p>\n\n\n\n
OneFund has an investment return objective of CPI + 4.5 per cent per annum over rolling 10-year periods, similar to the Australian Government\u2019s Future Fund.<\/p>\n\n\n\n
In the 16 months since inception OneFund has returned 11.3 per cent p.a.<\/p>\n\n\n\n
TCorp manages OneFund, which initially incorporated $47 billion in investments. In April 2025, three additional state investment funds worth $11 billion were added.<\/p>\n\n\n\n
The State continues to manage market volatility by investing in a diverse portfolio including a number of defensive tools \u2013 meaning OneFund is less susceptible to equity market volatility than if it were invested in equities alone.<\/p>\n\n\n\n
The Minns Labor Government announced the creation of OneFund in its second Budget as part of an ongoing commitment to budget repair, including turning around a record level of inherited debt.<\/p>\n\n\n\n
Treasurer Daniel Mookhey said:<\/strong><\/p>\n\n\n\n \u201cThe OneFund strategy continues to deliver returns to the NSW taxpayer demonstrating value, not just for today \u2013 but decades to come.\u201d<\/p>\n\n\n\n \u201cOneFund has allowed the State to grow its assets base without signing future generations up to the mountain of debt the former government wanted us to take on.\u201d<\/p>\n\n\n\n \u201cOur OneFund strategy allows us to generate strong investment returns over time while reducing the amount of debt the State expects to hold.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The Government\u2019s OneFund strategy is delivering strong results, with a balance of $70.4 billion at the end of calendar 2025 and having returned $8.8 billion from its inception at the end of August 2024. Following the implementation of Phase 2 in 2025, OneFund is now expected to deliver around $2.2 billion more than the previous … Continue reading “$70 billion OneFund performs for NSW”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37183","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=37183"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37183\/revisions"}],"predecessor-version":[{"id":37184,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37183\/revisions\/37184"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=37183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=37183"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=37183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}