In May 2019, Indecon completed a Report on behalf of Irish Funds which captured the impact of the investment funds industry on the Irish economy. The report highlighted the significant contribution that the sector has made to the economy both in terms of employment (Total Employment Impact in 2018 was 32,973) and Tax (Total Contribution to the Irish Exchequer of €837 million). The report also highlighted the growth in the sector which it attributed to a number of policy and market developments in Europe and internationally, including a number of EU Directives, the international nature of the industry, the expansion of investment strategies and reforms in pension and wider savings in EU and non-EU markets. The report acknowledged the skilled capabilities that have been built in Ireland as a result, to both manage and service investment funds.