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Sunday 26 January 2020


Irish managed pension funds suffer losses in October

Written by Natalie Tuck

Irish managed pension funds suffered average losses of 0.1 per cent over the month of October, according to Rubicon Investment Consulting.

Its latest figures show that Friends First/BMO and New Ireland had the best month with returns of 0.3 per cent, whereas Merrion Investment Managers delivered the worst return with a loss of -0.9 per cent.

However, over the year to date, managed pension funds have returned 16.6 per cent on average. Returns for the first 10 months of 2019 ranged from 18.8 per cent (Zurich Life) to 13.2 per cent (Setanta Asset Management).

Over the past twelve months the average fund return was 10.4 per cent. Davy Asset Management top the table over the past year with a return of 12.7 per cent, while Setanta Asset Management produced the lowest return at 8.5 per cent.

The average managed fund return has been a healthy 7.6 per cent per annum over the past three years. The five-year average return is strong, at 7.4 per cent per annum. Irish group pension managed fund returns over the past ten years have been a robust 9.4 per cent per annum on average.

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