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Thursday 19 July 2018

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Autumn Conference

Irish managed pension funds lose 0.6% over June

Written by Natalie Tuck
12/07/18

Irish managed pension funds made an average loss of 0.6 per cent over June, according to Rubicon Investment Consulting.

Davy Asset Management took the top spot this month with a return of 0.2 per cent, while Merrion Investment Managers propped up the league table with a loss of 1.6 per cent.

Over the second quarter of the year, Irish pension funds gained ground, with the average fund returning 4.1 per cent. Zurich Life delivered the best return over the quarter, at 5.7 per cent, while New Ireland trailed the peer group, returning 2.5 per cent over the past three months.
As a result, Irish pension funds are back in the black for 2018, with funds rising 1.2 per cent on average over the first six months.

Returns for the year to date ranged from 2.4 per cent (Zurich Life) to -1.1 per cent (New Ireland). Over the past twelve months, the average fund return was 5.5 per cent. Zurich Life tops the table over the past year with a return of 7.0 per cent, while New Ireland produced the lowest return at 3.4 per cent.

The average managed fund return has been 4.5 per cent per annum over the past three years. The five-year average return is a robust 9.7 per cent per annum. Irish group pension managed fund returns over the past ten years have been 7.2 per cent per annum on average.



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