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Irish pension funds on the up in Feb

Wednesday, March 06 10:36:37

Irish pension managed funds delivered further positive returns during February, with an average return of 2.5pc for the month, according to data from Rubicon Investment Consulting.

Setanta Asset Management took top spot with a return of 3.6pc for the month.

Building on January's gains, these returns have resulted in managed funds returning 4.1pc on average over the first two months of 2013.

Setanta Asset Management's fund delivered the strongest return over the two months at 6.2pc, while New Ireland's fund was the weakest, gaining 2.3pc over the same period. Over the past twelve months, the average fund return was 11.6pc.

The average managed fund return has been a healthy 8.5pc per annum over the past three years.

Most of the five year returns are positive, with an average return of 2.0pc per annum over this period.

Irish group pension managed fund returns over the past ten years have been 5.9pc per annum on average, compared with the Irish inflation rate of 1.7pc per annum over the same time horizon.

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