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Saturday 26 May 2018

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Autumn Conference

Irish managed pension funds return 2.3% in April

Written by Natalie Tuck
08/05/18

Irish managed pension funds returned 2.3 per cent in April, following two consecutive months of losses, according to Rubicon Investment Consulting.

The leading funds in April was Merrion Investment Managers, Setanta Asset Management and Zurich Life, all with returns of 2.6 per cent. Lagging behind was Friends First/BMO which saw returns of 1.9 per cent.

Despite the gains this month, Rubicon noted that managed funds are “still in the red” for 2018, with an average loss of 0.5 per cent over the first four months of the year. Merrion Investment Managers and Setanta Asset Management have achieved the highest, and only positive, returns so far this year, gaining 0.2 per cent, while New Ireland have delivered the lowest return over the four months at -1.4 per cent.

Over the past twelve months, Irish pension managed funds have delivered a rather meagre 2.3 per cent return on average. Returns for the past year ranged from 3.1 per cent (Friends First/BMO) to 1.6 per cent (New Ireland).

The average managed fund return has been a disappointing 3.4 per cent per annum over the past three years. The five-year average return is a more robust 9.1 per cent per annum. Irish group pension managed fund returns over the past ten years have been 6.2 per cent per annum on average.



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