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Thursday 16 August 2018


Spring Conference

Irish managed pension funds return 2.5% in September

Written by Natalie Tuck

Irish managed pension funds returned 2.5 per cent in September, picking up after making losses in August and July.

The figures, published by Rubicon Investment Consulting, show that Merrion Investment Managers lead the way with a gain of 3.6 per cent; at the other end of the table, Friends First/BMO returned just 1.7 per cent.

However, losses in the previous two months mean that managed funds gained just 1.3 per cent over the third quarter, on average. Merrion Investment Managers turned in the best quarterly performance with a gain of 2.1 per cent, while Davy Asset Management delivered the worst, with a gain of 0.4 per cent.

Looking over the course of the year, data from Rubicon shows that funds gained 4.3 per cent over the first nine months of the year. However, it said this figure masks a range of performances as returns for the year to date range from 6.5 per cent (Standard Life Investments) to 2.4 per cent (Davy Asset Management).

Over the past twelve months the average fund return was 9.5 per cent. Zurich Life top the table over the past year with a return of 12.2 per cent, while Davy Asset Management produced the lowest return at 6.9 per cent.

The average managed fund return has been a healthy 8.1 per cent per annum over the past three years. The five-year average return is a robust 10.7 per cent per annum. Irish group pension managed fund returns over the past ten years have been 4.6 per cent per annum on average.

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