Crossing the Rubicon

The latest news and opinion from Rubicon Investment Consulting

Best Year of the Decade for Irish Pension Funds

2019 was the best year for Irish pension funds since 2009, with managed funds gaining 20.6% on average over the year. With all funds delivering double-digit returns, Zurich Life produced the best return at 23.9% over the past twelve months. The lowest managed fund return over the year was that of Setanta Asset Management which returned 16.1%.

Irish managed funds have gained ground steadily for most of the year, and December saw these earlier gains consolidated as the decade drew to a close, with funds returning 0.9% on average over the final month of 2019. New Ireland topped the peer group during December with a gain of 1.4%, while Merrion Investment Managers propped up the table with a 0.2% return. The final quarter of the year saw Irish managed pension funds grow by 3.3% on average. Zurich Life delivered the strongest quarterly return at 4.5%, while Merrion Investment Managers fared worst over the three months, gaining 1.1%.

The average managed fund return has been a healthy 7.0% per annum over the past three years. The five-year average return is a robust 7.3% per annum. Irish group pension managed fund returns over the past ten years have been strong, at 9.1% per annum on average.