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National Pensions Reserve Fund Investments

Dáil Éireann Debate, Thursday - 5 March 2015

Thursday, 5 March 2015

Questions (95)

Michael McGrath

Question:

95. Deputy Michael McGrath asked the Minister for Finance the value of direct investments by the National Pensions Reserve Fund in firms in the armaments and defence industry; and if he will make a statement on the matter. [9838/15]

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Written answers

The National Treasury Management Agency has advised that the preliminary unaudited value of investments by the Ireland Strategic Investment Fund in the aerospace & defence sub-industry as at 30 January 2014 is approximately €14.1 million. The aerospace & defence sub-industry is the lowest level of sector breakdown available under Global Classification Standards and whilst these companies may have a limited exposure to the armaments and defence industry, this level of detail is not available.

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