Thursday, October 03 15:44:40
Irish pension managed funds returned to growth during September, having declined during August, with an average return of 2.2pc for the month, according to figures from Rubicon Investment consulting.
Standard Life Investments took top spot with a return of 3.1pc for the month, while Setanta Asset Management propped up the league table with a return of 1.3pc. Over the third quarter of 2013, the average managed fund gained 4.0pc.
Over the quarter, the Standard Life Investments fund delivered the top-ranking return of 5.5pc, while the Setanta Asset Management managed fund was the lowest ranked, with a return of 2.4pc. With gains in seven of the nine months of the year so far, managed funds have now returned 11.0pc on average in 2013. Setanta Asset Management delivered the strongest return over the year to date at 13.4pc, while Prescient Investment Managers produced the weakest return, gaining 9.4pc over the same period. Over the past twelve months, the average fund return was 13.2pc. Returns for the year ranged from 15.3pc (Setanta Asset Management) to 11.0pc (Prescient Investment Managers).
The average managed fund return has been a healthy 9.0pc per annum over the past three years. The five-year average return is 6.9pc per annum. Irish group pension managed fund returns over the past ten years have been 5.4pc 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.