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Sunday 16 December 2018


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Irish managed pension funds lose 1.9% over March

Written by Natalie Tuck

Irish managed pension funds saw losses of 1.9 per cent over March, making a loss for the second consecutive month, according to Rubicon Investment Consulting.

Setanta Asset Management topped the table over the third month of the year, with a return of -0.2 per cent, while New Ireland lagged the peer group over the month, with a return of -2.6 per cent.

The continued loss now means that funds are down 2.8 per cent, on average, for the year to date. Friends First/BMO lost the least ground over the first quarter, with a return of -2.2 per cent, while New Ireland lost the most with a decline of 3.5 per cent.

Over the past twelve months, Irish pension managed funds have delivered just 0.4 per cent on average. Returns for the past year ranged from 1.6 per cent (Friends First/BMO) to -0.5 per cent (Merrion Investment Managers).

The average managed fund return has been just 2.1 per cent per annum over the past three years. The five-year average return is a much healthier 8.8 per cent per annum. Irish group pension managed fund returns over the past ten years have been 6.4 per cent per annum on average.

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