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Sunday 16 December 2018


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Irish managed pension funds lost 1.8% during February

Written by Natalie Tuck

Irish managed pension funds lost 1.8 per cent during February, according to Rubicon Investment Consulting.

Davy Asset Management and Merrion Investment Managers topped the table over the second month of the year, with returns of -1.3 per cent, while Setanta Asset Management lagged the peer group over the month, with a return of -2.7 per cent.

Despite a successful January, in which funds returned 1 per cent, February’s loss now sees Irish managed funds in the red with 0.9 per cent for the year so far. Merrion Investment Managers lost the least ground over the year to date, with a return of -0.3 per cent, while Setanta Asset Management lost the most with a decline of 2.2 per cent.

Over the past twelve months, Irish pension managed funds have delivered just 3.3 per cent on average. Returns for the past year ranged from 4.4 per cent (Aberdeen Standard Investments) to 1.2 per cent (Setanta Asset Management).

The average managed fund return has been 3.7 per cent per annum over the past three years. The five-year average return is a strong 9.8 per cent per annum. Irish group pension managed fund returns over the past ten years have been 6.1 per cent per annum on average.

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