Crossing the Rubicon

The latest news and opinion from Rubicon Investment Consulting

Irish Pension Funds Forge Ahead in November

Following on from the damp squid that was October, Irish pension managed funds enjoyed a return to brighter territory in November, with an average gain of 2.6% over the month. Zurich Life turned in the best performance this month with a gain of 3.2%, while Merrion Investment Managers delivered the worst, with a return of 1.8%.

Managed pension funds have gained a very heartwarming 19.6% on average so far this year. Returns for the year to date ranged from 22.5% (Zurich Life) to 15.5% (Setanta Asset Management). Over the past twelve months the average fund return was 12.4%. Davy Asset Management top the table over the past year with a return of 14.8%, while Setanta Asset Management produced the lowest return at 9.4%.

The average managed fund return has been a respectable 7.5% per annum over the past three years. The five-year average return is healthy, at 7.4% per annum. Irish group pension managed fund returns over the past ten years have been a strong 9.5% per annum on average.