Paudge Connolly (Cavan-Monaghan, Independent)
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Question 106: To ask the Minister for Finance the performance levels for 2005 of the current equity investments of the national pension fund; and if he will make a statement on the matter. [3684/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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Preliminary 2005 performance figures for the national pensions reserve fund were published in the end-year press release issued by the National Treasury Management Agency, which is the manager of the fund, on 30 December 2005. The press release reported that the fund earned a return of €2,291 million or 19.2% in 2005, reflecting its heavy concentration in equities and the sustained growth in world equity markets. The results are preliminary as markets had not yet closed at the time of issue of the statement. The press release does not give returns on individual asset classes.

I understand that the National Pensions Reserve Fund Commission, which controls and manages the fund, will be publishing its 2005 review shortly and that the review will contain more detailed information of the type requested by the Deputy.