National Pensions Reserve Fund

Country: Ireland

Established: 2001

US$ Billion: 30.6

Origin: Non-commodity

Firm Investment Style: Index

Entity Structure: Fund

Transparency Rating: 10

Established by a Law 2001 to partly fund future pension liabilities. Its objective is to meet as much as possible of the costs of social welfare and public service pensions from 2025 onwards when these costs are projected to increase dramatically due to the ageing of the population. The Government of Ireland will set aside 1% of GNP each year to fund this vehicle. It is managed by the National Treasury Management Agency. The fund invests in bonds and equities.

Strategy & Objectives:
The fund invests mostly in bonds and equities, utilizing external managers. The fund also invests in private equity and in real estate.

News and Updates

Market value of the Fund drops 12% in the first half of the year
According to the Irish Times, "The National Pensions Reserve Fund (NPRF), which was set up by the Government to fund future State and public service pensions, lost 12 per cent of its value - about €1.7 billion - in the first half of the year due to the ongoing turmoil in global equity markets."
read more: Irish Times


Ireland- National Pensions Reserve Fund

1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.

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