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March mixed for Irish pension funds

Thursday, April 03 15:34:11

Irish pension managed funds delivered positive returns on average during March, with a mean gain of 0.4pc for the month, according to figures from Rubicon Investment Consulting.

However, there was a wide range of returns among the funds, with Setanta Asset Management taking top spot with a return of 1.7pc for the month, while Standard Life Investments propped up the league table with a return of -0.4pc.

Managed funds returned 1.9pc on average over the first quarter of 2014. Setanta Asset Management delivered the strongest return over the quarter at 3.4pc, while Prescient Investment Managers produced the weakest return, returning 0.2pc over the same period.

Over the past twelve months, the average fund return was 10.7pc. Returns for the year ranged from 13.0pc (Standard Life Investments) to 9.0pc (Kleinwort Benson Investors and Prescient Investment Managers).

The average managed fund return has been a healthy 9.8pc per annum over the past three years. The five-year average return is very strong, at 13.4pc 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 1.5pc per annum over the same time horizon.

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