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13 a good year for Irish pension funds

Tuesday, January 07 15:58:31

Irish pension managed funds delivered yet another positive month of returns during December making 2013 a good year for returns on investments.

During December, Irish funds managed an average return of 0.6pc for the month, according to Rubicon Consulting.

Standard Life Investments took top spot with a return of 1.4pc for the month, while New Ireland propped up the league table with a return of 0.1pc.

Over the final quarter of the year, the average managed fund returned 5.0pc. Over the quarter, the Standard Life Investments fund delivered the top-ranking return of 6.0pc, while the Kleinwort Benson Investors managed fund was the lowest ranked, with a return of 4.2pc. With ten out of twelve months recording gains, managed funds returned 16.6pc on average during 2013. Standard Life Investments delivered the strongest return over the year at 19.6pc, while Kleinwort Benson Investors produced the weakest return, gaining 14.7pc over the same period.

The average managed fund return has been a healthy 8.8pc per annum over the past three years. The five-year average return is very strong, at 11.8pc per annum. Irish group pension managed fund returns over the past ten years have been 5.3pc per annum on average, compared with the Irish inflation rate of 1.6pc per annum over the same time horizon. All of the managed funds surveyed outperformed inflation over this period.