During April, the Rubicon Multi-Asset Pension Fund Survey shows a 1.5% return on average, with fund returns ranging from 3.1% to -0.1%. Over the first four months of 2021, the funds surveyed have delivered an average gain of 8.2%. Over the past twelve months, the average return of the 16 funds surveyed is an impressive 24.9%. Returns for the past year ranged significantly, from 32.9% to 17.0%, reflecting the volatile year experienced by investment markets.

The average return has been strong, at 8.6% per annum, over the past three years. The five-year average return is a robust 8.3% per annum. Fund returns over the past ten years have been a healthy 9.2% per annum on average.