Source · Select Committees · Treasury Committee
Recommendation 2
2
Acknowledge expected investment failures as a sign of appropriate National Wealth Fund risk appetite.
Conclusion
It is important to understand that some companies that the NWF invests in will fail, and the NWF will lose the value of some of its investments. This, in itself, cannot be a cause of criticism of the NWF, because it should have a higher risk appetite. Indeed, if none of its investments fail that suggests that it does not have a sufficiently high-risk appetite. (Conclusion, Paragraph 25)
Government Response
A response document is linked to this report, dated 15 January 2026. Response attribution to this conclusion has not been verified. Read the response document ↗