Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024

Investment policy for ICN Fund

15. (1) The Agency shall hold or invest the assets of the ICN Fund on a commercial basis for the benefit of the ICN Fund, so as to seek to secure the optimal total financial return, as to both capital and income.

(2) In the performance of its functions under subsection (1), the Agency shall have regard to—

(a) the level of risk to the assets of the ICN Fund that the Agency considers appropriate to the purpose of that fund, including any such risk posed by environmental, social or governance matters of relevance to such performance, and

(b) the likely timing of payments from the ICN Fund to the Exchequer.

(3) The assets of the ICN Fund may be held or invested in or outside the State.

(4) All income, capital and other benefits received in respect of holdings or investments of the ICN Fund shall be paid into the ICN Fund.