Strong Finish to 2020 for Irish Pension Funds

Irish pension managed funds ended the year on a strong note, with all of the funds surveyed delivering positive returns during December. Pension managed funds gained 2.0% on average over the final month of the year, with returns for the month ranging from 2.8% (Merrion Investment Managers) to 0.9% (Davy Asset Management).

The final quarter of the year saw Irish managed pension funds grow by 8.4% on average. New Ireland delivered the strongest quarterly return at 11.7%, while Davy Asset Management fared worst over the three months, gaining 5.4%.

Irish pension managed funds have endured an extremely volatile year, with funds returning 6.2% on average over the twelve months of 2020. This headline figure conceals a wide range of returns, however. Merrion Investment Managers topped the league table with a return of 21.7% over the year, while New Ireland and Setanta Asset Management delivered the lowest returns of the funds surveyed at -3.1%.

The average managed fund return has been 6.6% per annum over the past three years. The five-year average return is 6.5% per annum. Irish group pension managed fund returns over the past ten years have been strong, at 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.