Irish managed pension funds returned just 0.1 per cent over July, in what was described as a “damp squib” month for the funds.

The latest data from Rubicon Investment Consulting revealed that the best performer was Merrion Investment Managers with a return of 1.2 per cent, whilst New Ireland delivered the worst return with -1.6 per cent.

Over the first seven months of 2020, Irish pension managed funds have lost an average of 4.2 per cent. This headline figure conceals a wide range of returns, however, Rubicon said.

Of the funds surveyed, Merrion Investment Managers’ delivered the best performance over the year to date, with a return of 8.5 per cent, whilst New Ireland’s underperformed the rest of the peer group, with a return of -14.4 per cent.

Over the past 12 months, Irish pension managed funds have delivered a 0.7 per cent gain on average. Returns for the past year ranged from +11.5 per cent (Merrion Investment Managers) to -9.2 per cent (New Ireland).

The average managed fund return has been 4.7 per cent per annum over the past three years. The five-year average return is 3.8 per cent per annum. Irish group pension managed fund returns over the past ten years have been robust, at 8.1 per cent per annum on average.

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