Irish multi-asset pension funds made an average return of 1.5 per cent in April, according to Rubicon Investment Consulting.

Its new monthly multi-asset pension fund survey revealed that fund returns ranged from 3.1 per cent to -0.1 per cent over the month.

Over the first four months of 2021, the 16 funds surveyed have delivered an average gain of 8.2 per cent, and this figure stands at 24.9 per cent over a 12 month period.

However, returns for the past year ranged significantly, from 32.9 per cent to 17 per cent, which Rubicon said reflects the volatility seen in financial markets over the past year.

Over a three-year period, the average return is 8.6 per cent, and 8.3 per cent for a five-year period. Fund returns over the past 10 years have been a healthy 9.2 per cent per annum on average.

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