Crossing the Rubicon

The latest news and opinion from Rubicon Investment Consulting

Further gains for Irish Pension Funds in November

November was another positive month for pension funds, which rose 3.2% on average. Merrion Investment Managers and Zurich Life were ranked top this month with returns of 3.6%, while New Ireland propped up the league table with a return of 2.5%. The first eleven months of 2015 have seen very strong pension managed fund returns, with an average return of 13.5%. Merrion Investment Managers top the table over the year to date with a return of 17.4%, while New Ireland produced the lowest return at 10.4%. Over the past twelve months, the average fund return was 15.0%. Returns for the year ranged from 20.0% (Merrion Investment Managers) to 11.2% (New Ireland).

The average managed fund return has been a very strong 15.7% per annum over the past three years. The five-year average return is a healthy 11.9% per annum. Irish group pension managed fund returns over the past ten years have been 5.5% per annum on average.