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Established 1996
Monday 21 January 2019


Spring Conference

Irish managed funds gain 0.5% in December

Written by Natalie Tuck

Irish managed pension funds returned an average of 0.5 per cent in December, making up for losses in November.

According to Rubicon Investment Consulting, Davy Asset Management was at the top of the leader board with an increase of 0.9 per cent. Merrion Investment Managers was the only manager in negative territory over the month, delivering a loss of 0.2 per cent.

The last quarter saw positive returns in two out of three months, and Irish managed funds returned 2.9 per cent on average. Again the strongest return was produced by Davy Asset Management with 3.9 per cent, while Merrion Investment Managers’ 1.3 per cent was the weakest quarterly return.

Rubicon Investment Consulting said a strong finish delivered a healthy 7.3 per cent return on average over 2017. Returns for the calendar year ranged from 9.3 per cent (Aberdeen Standard Investments) to 4.4 per cent (Merrion Investment Managers).

The average managed fund return has been a robust 7.5 per cent per annum over the past three years. The five-year average return is a strong 10.9 per cent per annum. Irish group pension managed fund returns over the past ten years have been 5.3 per cent per annum on average.

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