Bleak start to 2016 for Irish Pension Funds

Global stock markets declined again during January, as oil prices continued to fall and the Chinese yuan weakened over concerns regarding a slowing economy. Bonds rose, as investors’ increasing risk aversion saw a flight to safety.

January was another disappointing month for Irish pension funds, which fell back 4.3% on average. Setanta Asset Management were ranked top this month with a return of -3.0%, while Standard Life Investments propped up the league table with a return of -6.0%. Over the past twelve months, the average fund return was a lacklustre 0.2%. Returns for the year ranged from 2.0% (Merrion Investment Managers) to -2.2% (Friends First/BMO).

The average managed fund return has been a very strong 11.8% per annum over the past three years. The five-year average return is a healthy 9.5% per annum. Irish group pension managed fund returns over the past ten years have been 4.2% per annum on average.

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

Please note that the Kleinwort Benson Investors Global Investment Managed fund is no longer benchmarked against the peer group.