NTMA names firms that will manage State's long-term funds

The Future Ireland Fund will help deal with future expenditure pressures from 2041 while the Infrastructure, Climate and Nature Fund will support State expenditure in the event of future economic shocks, as well as expenditure from 2026 to 2030 on designated environmental projects

The Future Ireland Fund, the larger and long-term fund, has received Exchequer contributions of approximately €13.6bn to date, while the Infrastructure, Climate, and Nature Fund has received approximately €4.5bn.

The National Treasury Management Agency (NTMA) has announced the four firms who will manage the country’s long-term investment funds — the Future Ireland Fund (FIF) and Infrastructure, Climate and Nature Fund (ICNF).

The firms selected include; French asset management firm Amundi; US firms Blackrock and State Street; as well as Swiss investment bank UBS. The NTMA said these firms have been selected to provide passive investment management services to track major market indices in line with each fund’s benchmark.