Irish National Pensions Reserve Fund gains 2.4% in first quarter

by Admin

Friday, April 22, 2005

Ireland’s National Pensions Reserve Fund (NPRF) has posted a 2.4% return for the first quarter (9.6% annualized). On March 31, the funds value stood at €12.3bn, a rise of €290m (excluding state contributions) since December 31.

Donal Geaney, the fund’s chairman, told the press that growth in the past quarter had been driven by the Fund’s European equity investments.

Mr Geaney, former Élan CEO, has pursued a policy of diversification since February of this year, with the stated aim of placing a larger amount of the funds assets in companies with small market capitalizations and in property funds.

The fund was set up by the National Pensions Reserve Fund Act, 2000 to partially meet the expected rise in Irish pension costs from 2025 onwards.

Retrieved from “https://en.wikinews.org/w/index.php?title=Irish_National_Pensions_Reserve_Fund_gains_2.4%25_in_first_quarter&oldid=438018”

Releated

9 Variations Of 40 Cargo Containers For Sale

9 Variations of 40 Cargo Containers for Sale Exploring the diverse landscape of cargo containers for sale, particularly the 40-foot variants, opens up a world of versatile and adaptable storage solutions. These containers, standard in shipping and logistics, are engineered to withstand extreme conditions and offer unparalleled security. They are frequently utilized across various industries, […]

by Admin

Understanding Electronic Funds Transfer (Eft)

Understanding Electronic Funds Transfer (EFT) In today’s rapidly evolving financial landscape, understanding electronic funds transfer (EFT) is essential for anyone who regularly manages financial transactions. EFT is the cornerstone of modern banking, offering a quick, secure, and efficient way to move funds between accounts digitally. From paying bills to transferring money internationally, EFT simplifies the […]

by Admin