Irish pension funds failed to build on the gains of the previous two months, delivering somewhat disappointing returns during November, resulting in an average decline of 0.3% over the month. Friends First/BMO and New Ireland turned in the best – and only positive - performances this month with gains of 0.3%, while Merrion Investment Managers delivered the worst, with a return of -1.3%.
Despite this, pension funds have gained a respectable 6.7% on average so far this year. Returns for the year to date ranged from 9.0% (Aberdeen Standard Investments, formerly Standard Life Investments) to 4.6% (Merrion Investment Managers). Over the past twelve months the average fund return was 9.1%. Aberdeeen Standard Investments top the table over the past year with a return of 11.7%, while Merrion Investment Managers produced the lowest return at 7.2%.
The average managed fund return has been a healthy 7.8% per annum over the past three years. The five-year average return is a strong 11.1% per annum. Irish group pension managed fund returns over the past ten years have been 5.2% per annum on average.
The full table of results can be found over at our investment fund performance calculator.
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