Wednesday, September 04 17:16:43
Irish pension managed funds delivered negative returns during August, with an average return of -0.9pc for the month, according to Rubicon Investment Consuklting.
Merrion Investment Managers took top spot with a return of -0.4pc for the month, while Setanta Asset Management and Prescient Investment Managers propped up the league table with returns of -1.3pc. With six out of eight months recording gains, managed funds have now returned 8.7pc on average so far in 2013. Setanta Asset Management delivered the strongest return over the year to date at 12.0pc, while Prescient Investment Managers produced the weakest return, gaining 7.4pc over the same period. Over the past twelve months, the average fund return was 12.0pc. Returns for the year ranged from 14.8pc (Setanta Asset Management) to 10.1pc (Prescient Investment Managers).
The average managed fund return has been a healthy 8.9pc per annum over the past three years. The five-year average return is 4.6pc per annum. Irish group pension managed fund returns over the past ten years have been 4.9pc 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.