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Ireland’s sovereign wealth fund achieves a top global ranking

Body which monitors activity of sovereign wealth entities has ranked the Ireland Strategic Investment Fund 50th out of 175 state-run funds in terms of assets under management

Taoiseach Leo Varadkar: said the new Future Ireland Fund, announced in Budget 2024, is aimed to have a ‘counter cyclical’ effect on development of major transport and energy projects in Ireland in the event of a downturn. Picture: RollingNews

Ireland’s sovereign wealth fund has been ranked as one of the top state-owned investment vehicles globally, according to a new report by Global SWF.

The analysis by Global SWF, which monitors activity of sovereign wealth entities, has ranked the Ireland Strategic Investment Fund (Isif) 50th out of 175 state-run funds in terms of assets under management.

The report showed that the Isif controlled $19 billion of assets under management at the end of last year. ...