Mixed Fortunes for Irish Pension Funds in April

Irish pension funds gained 0.5% on average during April, but this average disguises mixed fortunes. New Ireland ranked top this month with a gain of 1.2%, while Merrion Investment Managers propped up the league table with a loss of 0.1%.

2016 has been a bleak year so far, with pension funds down 3.3% on average over the first four months. Returns for the year to date ranged from 0.9% (Setanta Asset Management) to -7.0% (Merrion Investment Managers). Over the past twelve months the average fund return was an disappointing -5.2%. Setanta Asset Management top the table over the past year with a return of -1.2%, while Merrion Investment Managers produced the lowest returns at -8.2%.

The average managed fund return has been a strong 9.8% per annum over the past three years. The five-year average return is a healthy 9.8% per annum. Irish group pension managed fund returns over the past ten years have been 4.0% per annum on average.

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

Updated on 2016-05-10: This article has been updated to reflect an amended price advised to us by Standard Life Investments following publication of the original article. Our investment fund performance calculator has also been updated with the amended price.