Irish equities should have a weighting of no more than 1% in the new National Pensions Reserve Fund, according to the Director of the National Treasury Management Agency (NTMA), John Corrigan.
Corrigan's comments are made in the current edition of the Irish Bankers Review.
Writing in a separate article in the Irish Bankers Review, however, Shane Whelan, a consultant actuary, says Irish equities, which form only 0.25% of world equity markets, should be under-represented in the Fund.
Whelan also argues that it would stand to the new National Pensions Reserve Fund Commission if its deliberations were made open.
His comments follow recent reports that some Irish-listed companies, including the Smurfit Group have made representations to the Government that the fund should be overweight in Irish equities.
