September Showers for Irish Pension Managed Funds

Irish pension managed funds declined 0.8% on average during September. Davy Asset Management delivered the best performance this month with a return of 0.0%, while Zurich Life delivered the worst, with a return of -1.4%.

Irish pension managed funds enjoyed positive returns, of 2.5% on average, over the third quarter of 2020, consolidating their recovery from Covid-19 induced losses of the first quarter. The best return over the quarter came from Zurich Life’s Performance Fund, which delivered 4.5%, while the worst performer over the quarter was the New Ireland Pension Managed Fund at -0.3%.

Despite two consecutive quarters of gains, Irish pension managed funds have lost an average of 1.9% over the first nine months of 2020. 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 10.9%, while New Ireland’s underperformed the rest of the peer group, with a return of -13.2%. Over the past twelve months, Irish pension managed funds have delivered a 1.3% gain on average. Returns for the past year ranged from +12.1% (Merrion Investment Managers) to -9.4% (New Ireland).

The average managed fund return has been 4.8% per annum over the past three years. The five-year average return is 6.1% per annum. Irish group pension managed fund returns over the past ten years have been a healthy 8.3% 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.