Funds: Bernanke comments wiped 10% off Irish-based holdings

Investment funds domiciled in Ireland saw nearly 10 per cent of their value wiped out at the end of the second quarter on the back of comments by Ben Bernanke.

Barry J Whyte

Chief Feature Writer @whytebarry
14th September, 2013

Investment funds domiciled in Ireland saw nearly 10 per cent of their value wiped out at the end of the second quarter on the back of comments by the US Federal Reserve chairman Ben Bernanke, according to a Central Bank report last week.

Irish-based funds saw their value drop by €25.9 billion by the end of June after Bernanke told Congress on May 22 that he was considering tapering the Fed's $85 billion-a-month bond-buying programme.

The policy of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago