New Ireland Passive IRIS Fund 2029

Passive IRIS 2029 uses a lifestyle strategy, so its asset mix is designed to change gradually as retirement approaches. It starts with a higher-risk mix and moves toward a lower-risk, more stable mix over time. The fund invests across equities, bonds, alternatives, property and cash, which helps spread exposure across different types of assets.

Passive IRIS 2029 is primarily aimed at investors who want to invest in an Approved Retirement Fund at retirement. It is designed around a target retirement year of 2029, so it suits people who want their investments to be aligned with that retirement timetable. The fund is intended for medium- to long-term investing, meaning at least 5-7 years.

Passive IRIS 2029 is a lifecycle fund, so its portfolio is not fixed; it is managed to evolve as the investor moves toward retirement. The fund gradually reduces risk by shifting from a more growth-oriented mix into a more stable allocation. This makes it different from a static balanced fund, which usually keeps a broadly similar mix of assets over time.

The main risk highlighted for Passive IRIS 2029 is sustainability risk, which means environmental, social or governance-related events could affect the value of the assets it holds. These effects can be more significant in equities and property than in bonds or alternatives. Because the fund is diversified across several asset classes and regions, that can help reduce the impact if one area is affected.

Yes. Passive IRIS 2029 is an Article 8 fund and promotes environmental or social characteristics while also investing in companies that follow good governance practices. The fund does not, however, take the EU’s environmentally sustainable economic activity criteria into account in its underlying investments.