Pensions Reserve Fund reports 5.4% return
The National Pensions Reserve Fund (NPRF) today reported a return of 5.4% for the first three months of the year to March 31, equivalent to a return of €830m.
The fund’s value at the end of March was €16.6bn.
The fund operates to provide partial funding of social welfare and public pension costs from 2025.
Speaking today, Dr Michael Somers said that first quarter returns had been driven by continued strong growth in equity markets, particularly in Europe, as companies continued to reap the benefits of efficiencies executed over previous years.
He noted, however, that with commodity prices at, or close to, record levels markets continued on inflation watch.
