Dáil Éireann Debate, Thursday - 18 June 2026
252. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance further to Parliamentary Question No. 595 of 9 of June 2026, to clarify if the investment benchmarks against which each fund’s investment performance is measured over time includes projected rates of return. [46422/26]
View answerAs the Deputy will be aware, the NTMA has developed long-term investment strategies for both the Future Ireland Fund (FIF) and the Infrastructure, Climate and Nature Fund (ICNF), in accordance with the Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024 ('the Act').
As required under Section 7 and Section 16 of the Act, each fund’s investment strategy includes an applicable benchmark, against which each fund’s investment performance is measured over time.
The benchmarks are market indices, or a combination of market indices, and were selected having regard to a number of considerations, including the need to closely reflect the investable opportunity set, transparency and availability, and alignment with legislation. They are used to assess actual performance over time, and do not incorporate projected or target rates of return.
The benchmark for the Future Ireland Fund Long Term Investment Strategy is:
Equity (80% Weight) - All-Country World Paris-Aligned Total Return Index (75% Euro Hedged ex. Emerging Markets)
Fixed Income (20% Weight) - Global Aggregate Bond Total Return Index (100% Euro Hedged)
The benchmark for the Infrastructure, Climate and Nature Fund Long Term Investment Strategy is:
Fixed Income (100% Weight) – 1-3 Year Global Aggregate Bond Total Return Index (100% Euro Hedged)
