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Wednesday 24 April 2019


Irish managed pensions saw the worst return in three years

Written by Sunniva Kolostyak

Irish pension funds saw an average loss of 4.2% in October, the worst month since January 2016, according to Rubicon Investment Consulting.

Rubicon said the month has been a Halloween horror as October’s losses effectively eroded all of the gains made so far this year. This leaves pension funds flat over the year to date on average.

Davy Asset Management turned the best performance, but the result was still -3.1%. Merrion Investment Managers had the worst result, returning -5.5%.

Over the first ten months of 2018, Davy Asset Management’s number are still positive, returning 3.2%, while Merrion Investment Managers’ returns are negative overall, with -2.4%.

The average managed fund return has been a lacklustre 4.1% per annum over the past three years, Rubicon reported, while the five-year average return is at 8.0% per annum.

Irish group pension managed fund returns over the past ten years have been strong, at 9.0% per annum on average.

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