During June, the Rubicon Multi-Asset Pension Fund Survey shows a 2.8% return on average, with fund returns ranging from 4.6% to 0.7%. The second quarter of 2021 saw multi-asset funds deliver a 4.6% average return, while over the first half of the year the funds surveyed have delivered an average gain of 11.5%. Over the past twelve months, the average return of the 16 funds surveyed is an impressive 23.7%. Returns for the past year ranged significantly, from 28.2% to 18.2%, reflecting the volatile year experienced by investment markets.

The average return has been strong, at 9.3% per annum, over the past three years. The five-year average return is a robust 8.7% per annum. Fund returns over the past ten years have been a healthy 9.4% per annum on average.