Crossing the Rubicon

The latest news and opinion from Rubicon Investment Consulting

Spring Thaw for Irish Pension Managed Funds

After a sluggish start to 2021, Irish pension managed funds perked up a little in February, gaining 2.3% on average over the month. New Ireland topped the table over month, with a return of 4.0%, while Davy Asset Management lagged the peer group during February, with a return of 0.9%.

Following on from a broadly flat January, February’s gains mean that Irish pension managed funds have returned 2.2% on average over the first two months of the year. New Ireland are leading the pack over the year to date, with a return of 4.5%, while Davy Asset Management are trailing the peer group with a return of 0.4%. Over the past twelve months, Irish pension managed funds have delivered a gain of 14.4% on average. Returns for the past year ranged from 27.2% (Merrion Investment Managers) to 6.4% (Setanta Asset Management).

The average managed fund return has been 7.7% per annum over the past three years. The five-year average return is a robust 8.2% per annum. Irish group pension managed fund returns over the past ten years have been a healthy 8.6% per annum on average.