| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : EU Economy Last Updated: Sep 6, 2013 - 9:33 AM

Irish pension managed funds delivered negative returns in August
By Finfacts Team
Sep 5, 2013 - 8:31 AM

Email this article
 Printer friendly page

Irish pension managed funds delivered negative returns in August, with an average return of -0.9% for the month.

Merrion Investment Managers took top spot with a return of -0.4% for the month, while Setanta Asset Management and Prescient Investment Managers propped up the league table with returns of -1.3%. With six out of eight months recording gains, managed funds have now returned 8.7% on average so far in 2013.

Setanta Asset Management delivered the strongest return over the year to date at 12.0%, while Prescient Investment Managers produced the weakest return, gaining 7.4% over the same period. Over the past twelve months, the average fund return was 12.0%. Returns for the year ranged from 14.8% (Setanta Asset Management) to 10.1% (Prescient Investment Managers).

Fiona Daly, managing director of Rubicon Investment Consulting, said: "The average managed fund return has been 8.9% per annum over the past three years. The five-year average return is 4.6% per annum. Irish group pension managed fund returns over the past ten years have been 4.9% per annum on average, compared with the Irish inflation rate of 1.7% per annum over the same time horizon. All of the managed funds surveyed outperformed inflation over this period."

Aon Hewitt, the pension consultants, said that the Aon Hewitt Managed Fund Index, an index of traditional managed pension funds, fell by -0.7% in August. Despite the negative return this month, the Index has delivered a positive return of 8.7% since the beginning of 2013.

Equity markets suffered from increased political risk in August. Minutes from the Federal Reserve's most recent meeting coupled with the increasing tensions in Syria and concerns over the conflict that could follow in the Middle East led global equities to a 1.3% loss over the month as measured by the FTSE World Index.

''Fear that the Fed may begin tapering its bond purchasing programme was the main concern this month, as it seems likely Bernanke could scale back the purchases before he steps down as chairman of the Fed,'' commented Cathal Fehily, investment consultant with Aon Hewitt. ''The increased volatility in markets could be seen as the VIX, a measure of equity market volatility commonly referred to as the 'Investor Fear Gauge' jumped 26.5% over the month, as investors became nervous about the escalating violence in Syria and possible withdrawal of monetary support from markets."

Check out our subscription service, Finfacts Premium , at a low annual charge of €25 -

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015