Irish pension managed funds fared well in June, gaining 3.3% over the month on average. New Ireland took top spot this month with a return of 3.8%, while Merrion Investment Managers propped up the league table with a gain of 2.4%.

Despite a volatile second quarter of the year, Irish pension funds managed to gain ground, with the average fund returning 1.9%. Merrion Investment Managers delivered the best return over the quarter, at 3.1%, while Setanta Asset Management trailed the peer group, returning 1.0% over the past three months. Coming on the back of a very strong first quarter, this means that Irish pension funds are well in the black for 2019, with funds rising 12.6% on average over the first six months. Returns for the year to date ranged from 14.4% (Merrion Investment Managers) to 10.6% (Setanta Asset Management). Over the past twelve months the average fund return was 5.4%. Davy Asset Management top the table over the past year with a return of 8.9%, while Merrion Investment Managers produced the lowest return at 3.1%.

The average managed fund return has been 7.3% per annum over the past three years. The five-year average return is a healthy 7.7% per annum. Irish group pension managed fund returns over the past ten years have been a robust 9.9% per annum on average.