Value of Irish-based investment funds up €65.7bn

THE combined value of international investment funds domiciled in Ireland shot up by €65.7 billion in the last three months of 2010, according to new data from the Central Bank.

The overall value of Irish- resident funds (taking in equities, bonds and hedge funds) went from €539.8bn to €605.5bn between the end of the third and fourth quarters of 2010.

Nearly three quarters of Irish resident investment funds’ assets under management were invested in products that are resident in locations outside of the eurozone; although the information is no more specific than that.