Crossing the Rubicon

The latest news and opinion from Rubicon Investment Consulting

A Miserable May for Irish Pension Managed Funds

After enjoying a bright start to the year, Irish pension managed funds experienced a miserable May, declining 4.0% on average over the month. Merrion Investment Managers topped the table over the month, with a return of -2.3%, while New Ireland lagged the peer group with a return of -5.3% in May.

Despite May’s disappointing returns, Irish pension managed funds have gained 9.0% on average over the first five months of 2019. Merrion Investment Managers gained the most ground over the year to date, with a return of 11.7%, while Setanta Asset Management gained the least, with a return of 6.9%. Over the past twelve months, Irish pension managed funds have delivered just 1.4% on average. Returns for the past year ranged from 4.8% (Davy Asset Management) to -0.9% (Merrion Investment Managers).

The average managed fund return has been 5.7% per annum over the past three years. The five-year average return is a healthy 7.2% per annum. Irish group pension managed fund returns over the past ten years have been a satisfying 9.6% per annum on average.