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Gains for Irish pension funds in April

Wednesday, May 07 15:17:21

Irish pension managed funds delivered positive returns on average during April, with a mean gain of 0.3pc for the month, according to Rubicon Consulting.

Most funds delivered broadly similar returns, with Prescient Investment Managers taking top spot with a return of 0.8pc for the month, while Merrion Investment Managers propped up the league table with a return of -0.5pc.

Managed funds returned 2.2pc on average over the first four months of 2014. Setanta Asset Management delivered the strongest return over the quarter at 3.4pc, while Prescient Investment Managers produced the weakest return, returning 1.0pc over the same period. Over the past twelve months, the average fund return was 10.2pc. Returns for the year ranged from 12.0pc (Irish Life Investment Managers) to 8.9pc (Prescient Investment Managers).

The average managed fund return has been a healthy 9.6pc per annum over the past three years. The five-year average return is very strong, at 11.6pc 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, Rubicon said.