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Irish pension funds in modest Aug gains

Wednesday, September 05 15:14:22

Most Irish pension managed funds delivered marginally positive returns during August, with an average return of 0.4pc for the month, latest figures from Rubicon Consulting show.

Setanta Asset Management took top spot with a return of 1.2pc for the month, while Kleinwort Benson Investors propped up the league table with a return of -0.1pc.

Over the first eight months of 2012, managed funds have delivered a 10.9pc return on average.

Over this period, the top performing fund was that of Standard Life Investments, which returned 13.8pc.

The worst performing fund over the first eight months of the year was that of Irish Life Investment Managers, which returned 8.9pc.

Over the past twelve months, the average fund return was 17.0pc. Returns for the year ranged from 20.2pc (Standard Life Investments) to 14.1pc (Irish Life Investment Managers).

The average managed fund return has been a healthy 8.0pc per annum over the past three years.

The five year returns are mostly negative however, with an average return of -1.9pc per annum over this period.

Irish group pension managed fund returns over the past ten years have been 3.9pc per annum on average, compared with the Irish inflation rate of 2.0pc per annum over the same time horizon.

All of the managed funds surveyed outperformed inflation over this period.