Irish Economy
Irish pension managed funds returned 1.9% in Q1 2014
By Michael Hennigan, Finfacts founder and editor
Apr 4, 2014 - 8:21 AM

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Irish pension managed funds delivered positive returns on average during March, with a mean gain of 0.4% for the month. However, there was a wide range of returns among the funds, with Setanta Asset Management taking top spot with a return of 1.7% for the month, while Standard Life Investments propped up the league table with a return of -0.4%. Managed funds returned 1.9% on average over the first quarter of 2014.

Setanta Asset Management delivered the strongest return over the quarter at 3.4%, while Prescient Investment Managers produced the weakest return, returning 0.2% over the same period. Over the past twelve months, the average fund return was 10.7%. Returns for the year ranged from 13.0% (Standard Life Investments) to 9.0% (Kleinwort Benson Investors and Prescient Investment Managers).

Fiona Daly of Rubicon Investment Consultants, commented - - "The average managed fund return has been a healthy 9.8% per annum over the past three years. The five-year average return is very strong, at 13.4% per annum. Irish group pension managed fund returns over the past ten years have been 5.1% per annum on average, compared with the Irish inflation rate of 1.5% per annum over the same time horizon. All of the managed funds surveyed outperformed inflation over this period."

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