Pension fund declines over the third quarter reflect stock market turmoil

Equity markets declined again during September, as the fallout from the Chinese stock market crash continued to be felt. The long-awaited rate hike in the US, which had been anticipated for September, was pushed back - possibly to next year.

Irish pension managed funds delivered negative returns during September, with the average loss being 2.6%. Davy Asset Management were ranked top this month with a return of -1.9%, while Standard Life propped up the league table with a return of -3.9%. Two consecutive months of negative returns resulted in losses (of 6.3% on average) over the third quarter. Setanta Asset Management achieved the strongest return over the quarter, with a decline of 5.1%, while Standard Life Investments delivered the weakest performance with a return of -7.5% over the three months. The first nine months of 2015 have still seen positive pension managed fund returns however, with an average return of 3.1%. Merrion Investment Managers top the table over the year to date with a return of 7.2%, while Kleinwort Benson Investors produced the lowest return at 1.1%. Over the past twelve months, the average fund return was 7.8%. Returns for the year ranged from 12.8% (Merrion Investment Managers) to 3.9% (New Ireland).

The average managed fund return has been a very strong 12.3% per annum over the past three years. The five-year average return is a healthy 10.3% per annum. Irish group pension managed fund returns over the past ten years have been 4.6% per annum on average.

The full table of results can be found over at our investment fund performance calculator.