Irish pension managed funds enjoyed further positive returns during March, gaining 0.9% on average over the month. New Ireland topped the table over the month, with a return of 1.5%, while Davy Asset Management lagged the peer group over this period, with a return of 0.2%.
Despite the lacklustre returns delivered during January, managed funds have gained 3.8% on average over the first quarter of 2017. Standard Life achieved the highest return over the quarter, with a return of 4.9%, while Merrion Investment Managers delivered the lowest return over the three months at 2.4%. Over the past twelve months, Irish pension managed funds have delivered a very healthy 14.1% return on average. This figure masks a wide range of performances, however, as returns for the past year ranged from 17.0% (Zurich Life) to 9.2% (Merrion Investment Managers).
The average managed fund return has been 11.0% per annum over the past three years. The five-year average return is a strong 11.6% 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.