Ireland’s Rubicon Investment Consulting, which publishes a monthly fund calculator of Irish managed pension funds, has expanded its calculator to include multi-asset pension funds.

It has broadened the tool’s remit to “better reflect the current market”. The calculator will cover a specific peer group of multi-asset pooled funds, which are used by a wide range of pension investors.

“The funds included in this peer group will generally be multi-asset funds that are targeting long-term growth, with volatility broadly in the range of 10-15 per cent, per annum. This peer group is not exhaustive, and the constituents may change from time to time. The inclusion of any fund in the survey is by no means a recommendation or an endorsement,” it stated.

Rubicon explained that the average return may be viewed as a rough proxy for the performance of Irish pension funds in the growth phase of the retirement savings cycle; however, they do not necessarily equate to the experience of the pensions market as a whole, or of any specific pension scheme or member. Nor do the individual fund returns necessarily reflect the relative performance of the investment managers in relation to their broader offerings.

Over the month of March, the funds gained an average of 4.4 per cent, while the first quarter saw a 6.6 per cent average return. Over the past 12 months, the average return of the 16 funds surveyed was 33 per cent.

In addition, returns for the past year ranged significantly, from 44.6 per cent to 23.1 per cent, reflecting the volatile year experienced by investment markets.

The average return has been strong, at 8.9 per cent, per annum, over the past three years. The five-year average return is a robust 8.2 per cent, per annum. Fund returns over the past 10 years have been a healthy 9.2 per cent, per annum on average.

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