New Ireland Pension Passive Multi-Asset
Managed Aggressive (>65% Equity)
The New Ireland Pension Passive Multi-Asset is a pension fund which has made a return of 45.3% over the past 3 years (as of 19 May 2026).
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316.80
EUR
+91.80 (+40.80%) past 3 year
Performance data last updated: 19 May 2026Fund insights
Detailed information extracted from the fund factsheet.
The fund will aim to remove circa 75% of the effect of currency movements on equity
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.
Manager commentary - March 2026
Global markets weakened in March, as war in the Middle East saw energy prices rise and reignite inflation concerns, leading investors to adopt a risk-off approach. All global market regions struggled in March, although the US market recovered some of its previous 2026 underperformance relative to Europe and Asia. On a sector basis, energy was unsurprisingly the leading performer (and the only sector with a positive return). Utilities and technology sectors were the best of the rest. Bond markets were also down as expectations for lower interest rates fell because of higher inflation concerns, impacting investor demand.
- Paul Clancy, Investment Writer, State Street Investment ManagementFrequently asked questions
Common questions about New Ireland Pension Passive Multi-Asset.
Pension Passive Multi-Asset Fund 3 aims to generate long-term returns by investing across several asset classes. Its typical mix is around 70% equities, 15% bonds, 10% alternatives and 5% cash, with equity exposure to both developed and emerging markets. The alternatives sleeve may include commodities, infrastructure and listed property.
Pension Passive Multi-Asset Fund 3 is designed to spread investments across equities, bonds, alternatives and cash rather than relying on one market. That diversification can help the fund pursue returns from different parts of the market, but it also means the fund’s value can still move with global markets. The fund is predominantly passively managed and is run by State Street Investment Management.
Pension Passive Multi-Asset Fund 3 aims to remove about 75% of the effect of currency movements on its equity holdings. Currency risk means exchange-rate changes can make overseas investments rise or fall in value even if the shares themselves do not move. This partial hedge is intended to reduce, but not eliminate, that impact.
Pension Passive Multi-Asset Fund 3 is aimed at investors with a medium to long-term horizon of at least 5 to 7 years. Its medium to high risk profile suggests it may suit investors who can tolerate significant ups and downs in value in exchange for growth potential. The fund may be more appropriate for pension savers seeking broad market exposure in one portfolio.
The Pension Passive Multi-Asset Fund 3 carries medium to high risk and has sustainability risks listed among its key risks. Because it invests heavily in equities and across global markets, its value can be affected by market swings, and shares can fall sharply in difficult conditions. It may also use securities lending at times; this means the fund can lend out holdings to earn extra return, but it adds some additional risk.
New Ireland Pension Passive Multi-Asset
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