Strong government responses and promises of financial supports to deal with the impact of the Covid-19 pandemic saw stock markets rally in April. As a result, Irish pension managed funds gained 8.6% on average over the month. Merrion Investment Managers and Zurich Life topped the table over the month, with returns of 10.7%, while Setanta Asset Management lagged the peer group with a return of 6.3% in April.
Following on from the worst quarterly performance since the financial crisis, April’s gains merely tempered the losses so far this year. Over the first four months of 2020, Irish pension managed funds have lost an average of 8.5%. Merrion Investment Managers lost the least ground over the year to date, with a return of -0.7%, while New Ireland declined the most, with a return of -14.7%. Over the past twelve months, Irish pension managed funds have delivered a 2.8% loss on average. Returns for the past year ranged from +3.5% (Merrion Investment Managers) to -10.4% (Setanta Asset Management).
The average managed fund return has been 2.4% per annum over the past three years. The five-year average return is just 3.0% per annum. Irish group pension managed fund returns over the past ten years have been a somewhat healthier 7.4% 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.