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New Ireland Innovator

Equity

Equity Global

This fund invests in the KBIGI Innovator Fund (the KBIGI fund) which aims to provide investors with exposure to alternative and innovative investment themes. The KBIGI fund provides equity exposure across a range of alternative investment sectors including alternative energy, water, commodities, emerging markets and climate change. The fund aims to generate long term capital growth. This fund is classified as an Article 8 Fund.

This fund aims to generate long term capital growth by investing in a diversified mix of alternative investment themes including alternative energy, water, commodities, emerging markets and climate change.

StatusOpen for Investment
Fund size€53M
SFDRArticle 8

Risk rating

1

2

3

4

5

6

7

217.90

EUR

+40.60 (+22.90%) past 3 year

as of 19 May 2026

Fund insights

Detailed information extracted from the fund factsheet.

Underlying fund: KBIGI Innovator Fund

Managed by KBI Global Investors

Securities lending

For some funds that invest in shares or bonds, the assets in that fund may be used for the purpose of securities lending in order to earn an additional return for the fund. While securities lending increases the level of risk within a fund it provides an opportunity to increase the investment return.

ESG & sustainability

These are funds that promote environmental or social characteristics (although not exclusively) and which invest in companies that follow good governance practices. This Fund is not currently aligned with the criteria in the EU Taxonomy Regulation for climate change mitigation and climate change adaptation. The fund manager will assess whether the Fund meets this criteria as investment data becomes available.

Investment themes
alternative energy
water
commodities
emerging markets
climate change

Manager commentary - March 2026

Equity markets sold-off in March as war in the Middle East sparked risk-off sentiment. Energy was by far the best performing market sector, with utilities and IT also outperforming. Industrials and materials were the biggest laggards in the month. While the fund remains well ahead on a year-to-date basis, March saw underperformance. Infrastructure exposure was a strong outperformer. Energy transition exposure also outperformed as the Middle East war raised concerns about energy security globally. Underperformance in the month came from the more cyclical and higher beta areas - water, circular economy and emerging markets.

- Colm O'Connor, Portfolio Manager, KBI Global Investors

Frequently asked questions

Common questions about New Ireland Innovator.

Innovator (3) invests in the KBIGI Innovator Fund, which gives equity exposure to a range of alternative and innovative themes. The fund focuses on sectors such as alternative energy, water, commodities, emerging markets and climate change. Innovator (3) is designed to provide long-term capital growth through these thematic equity investments.

Innovator (3) is aimed at investors with a medium to long-term horizon of at least 5-7 years. The fund seeks long-term capital growth, so it is positioned for investors who can stay invested through periods of market volatility. New Ireland classifies Innovator (3) as High Risk.

Innovator (3) stands out because it targets alternative and innovative investment themes rather than broad market exposure. Its underlying KBIGI Innovator Fund, managed by KBI Global Investors, looks across areas like energy transition, water and climate change, alongside exposure to emerging markets and commodities. This gives the fund a more specialised thematic profile than a conventional equity fund.

Innovator (3) carries sustainability risks as one of its key risks, reflecting its focus on environmental and social themes. It is also classified as High Risk, which means its value can fluctuate significantly over short periods. The fund can also use securities lending in some cases; this is when holdings are temporarily lent out to earn extra return, but it can add risk.

In the March 2026 commentary, Innovator (3) was said to have underperformed in the month even though it remained ahead year to date. Infrastructure and energy transition exposure were notable positives, while more cyclical areas such as water, circular economy and emerging markets were weaker. This shows the fund can be sensitive to shifts between defensive and more cyclical themes.

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New Ireland Innovator

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