Irish pension funds diversify amid uncertain outlook
Pension funds here have lowered their exposure and diversified into property, infrastructure and hedge funds according to a new report from Mercer.
The survey of 876 institutional investors across 12 countries managing assets of around €1 trillion found average equity allocations for Irish defined benefit schemes have fallen and now stand at just 28% compared to 34% in 2018
The Mercer’s 2019 European Asset Allocation survey also found that bond allocations remain broadly at 50%, while allocations to alternative assets like property, infrastructure and hedge funds have continued to increase from 15% up to 22%.
“While 2019 has so far been marked by cautious optimism, investors need to remain vigilant in an ever-evolving macro-economic and political backdrop,” said Olivier Santamaria, Head of Investment Consulting, for Mercer (Ireland) Limited.
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