Crossing the Rubicon

The latest news and opinion from Rubicon Investment Consulting

Auspicious August for Irish Pension Managed Funds

Irish pension managed funds gained 3.2% on average during August. Zurich Life delivered the best performance this month with a gain of 5.5%, while Setanta Asset Management delivered the worst, with a return of 1.3%.

Over the first eight months of 2020, Irish pension managed funds have lost an average of 1.2%. This headline figure conceals a wide range of returns, however. Of the funds surveyed, Merrion Investment Managers’ delivered the best performance over the year to date, with a return of 11.7%, while New Ireland’s underperformed the rest of the peer group, with a return of -12.6%. Over the past twelve months, Irish pension managed funds have delivered a 4.5% gain on average. Returns for the past year ranged from +14.3% (Merrion Investment Managers & Zurich Life) to -5.3% (New Ireland).

The average managed fund return has been 5.9% per annum over the past three years. The five-year average return is 5.7% per annum. Irish group pension managed fund returns over the past ten years have been robust, at 8.5% per annum on average.