Oireachtas Joint and Select Committees
Wednesday, 22 November 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion
Mr. Nick Ashmore:
We are about on track in terms of what we had expected to do in terms of the two portfolios. The low-risk liquid portfolio has generated a very low return because we have gone through ten years of very low or negative interest rates. We were not carrying risk on that portfolio. The current return on that portfolio is much more significant because interest rates have come up so much. We would expect to be earning around 3% on that, even at the very low-risk end of that portfolio. The Irish portfolio returns are more like 6% or 7%.