Crossing the Rubicon

The latest news and opinion from Rubicon Investment Consulting

Irish Pension Funds Make Further Headway in March

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.