Oireachtas Joint and Select Committees
Thursday, 12 July 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts (Resumed)
Chapter 23: Accounts of the National Treasury Management Agency (Resumed)
National Treasury Management Agency: Financial Statements 2017 (Resumed)
9:00 am
Mr. Eoin Dorgan:
The Government's decision in 2011 was to refocus the remainder of what at the time was the National Pensions Reserve Fund into the ISIF to be invested in Ireland, in adherence with the double bottom line in terms of commercial return and economic impact. At present, the entirety of the National Pensions Reserve Fund is either in the directed portfolio, which is effectively the bank shares, or the discretionary portfolio, which is the €8.9 billion that is being transitioned into investment in Ireland.
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