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Irish pension funds recover lost ground

Wednesday, March 05 16:43:56

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

Irish Life Investment Managers took top spot with a return of 2.9pc for the month, while Merrion Investment Managers propped up the league table with a return of 1.8pc.

Having lost ground in January, managed funds have now returned 1.5pc on average so far in 2014.

Irish Life Investment Managers delivered the strongest return over the year to date at 2.1pc, while Prescient Investment Managers produced the weakest return, returning 0.0pc over the same period. Over the past twelve months, the average fund return was 13.4pc. Returns for the year ranged from 17.1pc (Standard Life Investments) to 11.3pc (Prescient Investment Managers).

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 13.9pc per annum. Irish group pension managed fund returns over the past ten years have been 5.1pc 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.