Irish pension managed funds returned to growth
during September, having declined during August, with an average return of 2.2%
for the month. Standard Life Investments took top spot with a return of 3.1% for
the month, while Setanta Asset Management propped up the league table with a
return of 1.3%. Over the third quarter of 2013, the average managed fund gained
Over the quarter, the Standard Life Investments
fund delivered the top-ranking return of 5.5%, while the Setanta Asset
Management managed fund was the lowest ranked, with a return of 2.4%. With gains
in seven of the nine months of the year so far, managed funds have now returned
11.0% on average in 2013. Setanta Asset Management delivered the strongest
return over the year to date at 13.4%, while Prescient Investment Managers
produced the weakest return, gaining 9.4% over the same period.
Over the past twelve months, the average fund
return was 13.2%. Returns for the year ranged from 15.3% (Setanta Asset
Management) to 11.0% (Prescient Investment Managers).
Fiona Daly, managing director, Rubicon
Investment Consulting, said: "The average managed fund
return has been a healthy 9.0% per annum over the past three years. The
five-year average return is 6.9% per annum. Irish group pension managed fund
returns over the past ten years have been 5.4% 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."
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