Irish Pension Funds fall flat in October

Irish pension funds delivered another lacklustre performance during October, resulting in a loss of 0.1% on average over the month. New Ireland turned in the best performance this month with a gain of 1.0%, while Standard Life Investments delivered the worst, with a return of -1.0%.

So far this year, pension funds have failed to make much headway, with the average fund gaining just 0.7% over the first ten months of 2016. This figure masks a wide range of performances, however, as returns for the year to date ranged from 6.1% (Setanta Asset Management) to -5.8% (Merrion Investment Managers), representing a difference of almost 12% between the best and worst performing funds in just ten months. Over the past year, the average fund return was a disappointing 0.1%. Setanta Asset Management top the table over the past year with a return of 4.8%, while Merrion Investment Managers produced the lowest return at -5.5%.

The average managed fund return has been a healthy 9.2% per annum over the past three years. The five-year average return is a strong 11.9% per annum. Irish group pension managed fund returns over the past ten years have been 4.2% per annum on average.

Please note that the Aviva Investors Pension Balanced Managed Fund closed on 14th October 2016.

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