A Bleak Month for Irish Pension Managed Funds

Irish pension managed funds fell dramatically during February 2020, losing 5.5% on average over the month, as fears surrounding the spread of the coronavirus hit stock markets. Merrion Investment Managers topped the table this month, with a return of -3.2%, while Setanta Asset Management lagged the peer group over the month, with a decline of 6.5%.

February’s losses wiped out January’s weak gains, meaning managed funds have fallen 5.2% on average over the first two months of the year. Merrion Investment Managers lost the least ground over the year to date, with a decline of 1.0%, while New Ireland fared the worst with a return of -8.7%. Over the past twelve months, Irish pension managed funds have delivered a gain of 5.5% on average. Returns for the past year ranged from 8.8% (Davy Asset Management and Merrion Investment Managers) to -0.2% (Setanta Asset Management).

The average managed fund return has been somewhat disappointing at 4.1% per annum over the past three years. The five-year average return is a lacklustre 4.0% per annum. Irish group pension managed fund returns over the past ten years have been a more robust 8.5% per annum on average.

The full table of results can be found over at our investment fund performance calculator.

Please note: The returns quoted are those experienced by a specific peer group of active balanced managed funds which are used by many pension schemes. Details of these funds can be found on our calculator help page. These returns may be viewed as a rough proxy for the performance of Irish pension funds in the “growth” stage; however, they do not necessarily equate to the experience of the pensions market as a whole, or of any specific pension scheme or member. Nor do they necessarily reflect the relative performance of the investment managers in relation to their broader offerings. These figures are provided for information only and do not constitute investment advice. You should always seek independent financial advice before making any investment decisions.