Irish multi-asset pension funds made an average return of 1.1 per cent over the month of July, according to Rubicon Investment Consulting.

The Rubicon Multi-Asset Pension Fund Survey shows that fund returns ranged from 2.6 per cent to -0.1 per cent over the month, with Davy DAM Select Managed returning the highest whilst New Ireland Pension Managed Fund generated a loss and was the worst performer over the month.

Looking over the first seven months of the year, the funds surveyed delivered an average gain of 12.7 per cent, ranging from 15.3 per cent (Zurich Prisma 5 Fund) to 10.3 per cent (New Ireland iFunds 5).

Over the past 12 months, the average return of the 16 funds surveyed is an impressive 24.6 per cent. However, returns for the past year ranged significantly, from 30.2 per cent (Zurich Prisma 5 Fund) to 19.6 per cent (ILIM Pension Managed Fund), reflecting the volatile year experienced by investment markets.

Rubicon said the average return has been strong, at 9 per cent per annum over the past three years. The five-year average return is a robust 8.4 per cent per annum. Fund returns over the past 10 years have been a healthy 9.7 per cent per annum on average.

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