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Strong Q3 for Irish pension funds

Wednesday, October 03 15:48:43

Irish pension managed funds delivered positive returns during September, with an average return of 1.1pc for the month, according to figures from Rubicon Consulting today.

Merrion Investment Managers took top spot with a return of 1.7pc for the month, while Zurich Life propped up the league table with a return of 0.7pc.

This comes on the back of positive returns during July and August, and as a result the third quarter of 2012 saw managed funds gain 5.2pc on average.

Over the quarter, Standard Life Investments' fund delivered the top-ranking return of 6.2pc, while Merrion Investment Managers' was the lowest ranked fund with a return of 4.6pc.

Over the first nine months of 2012, managed funds have delivered a 12.1pc return on average with the top performing fund being Standard Life Investments, which returned 15.1pc.

The worst performing fund over the first six months of the year was that of Irish Life Investment Managers, which returned 10.2pc.

Over the past twelve months, the average fund return was 20.7pc. Returns for the year ranged from 24.8pc (Standard Life Investments) to 18.5pc (Aviva Investors).

The average managed fund return has been a healthy 7.5pc per annum over the past three years.

The five year returns are mostly negative however, with an average return of -1.7pc per annum over this period. Irish group pension managed fund returns over the past ten years have been 4.9pc per annum on average, almost 3pc per annum above 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.