| 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 : Irish Economy Last Updated: Jan 6, 2014 - 5:50 AM

Irish pension managed funds rose 16.3% in 2013
By Finfacts Team
Jan 3, 2014 - 6:24 AM

Email this article
 Printer friendly page
The above is from the November performance report [pdf]. The December 2013 report will be updated when available in coming days.

Aon Hewitt Ireland, a unit of Aon plc, said on Thursday that the Aon Hewitt Managed Fund Index, an index of traditional Irish pension managed funds, increased by 0.4% in December. This has contributed to the index delivering a positive return of 16.3% since the beginning of 2013.

US equity markets maintained the last three months' positive performance on the back of improved economic data. The Standard and Poor's 500 Index gained 2.4% in December, resulting in the index closing the year at its first all-time high since 1999. The equities benchmark soared 30% in 2013, its largest annual gain since 1997. Global equities rose 0.7% in euro terms in December, closing the year up 19.3%, as measured by the FTSE World Index. The Chicago Board Options Exchange Volatility Index, also known as the VIX, measures the market's expectation of stock market volatility, fell 24% in 2013, its largest decline since 2009.

On the 18th of December, the US Federal Reserve announced that it would begin to scale back its quantitative easing program. The central bank stated that it would reduce its monthly asset purchases by $10bn a month, to $75bn.

Check for December 2013 pensions chart here

Irish shares rose by 33.6% in 2013; ISEQ index back to early 1998 levels

Global shares rose 20% in 2013; Nikkei best in 41 years, Dow in 18

"Markets have reacted positively to the news that the Federal Reserve will begin to taper its bond purchasing. Following the announcement, the US Dollar rallied, reaching its highest level against the yen in over five years and US major stock market indices advanced," commented Cathal Fehily, investment consultant with Aon Hewitt.

Core Eurozone government bonds yields increased over the month of December, while peripheral Eurozone bond yields experienced a mixed month, with Italian and Portuguese government bond yields increasing; Irish bond yields falling and Spanish bond yields were unchanged.

"Irish Defined Benefit Pension Schemes (guaranteed payout) will have seen their liabilities fall in December given the rise in core yields. Positive performance from growth assets has also had a positive impact on schemes, and schemes should generally see an improvement in their funding level," continued Fehily.

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

Irish Economy
Latest Headlines
Finfacts launches new news site
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Irish manufacturing PMI strong in July
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Irish Budget 2016: Ibec demands 20 tax cuts, spending and investment rises
Low pay in Ireland; Lowest social security & corporate taxes in Europe
Ireland vs Greece: Enda Kenny's false claims on growth, taxes and debt
Irish standard of living in 2014 below Euro Area average, Italian level; Prices 5th highest in EU28
Irish goods exports rose a record 30% in April - due to fake tax-related transactions
Mexican tall ship to sail into Dublin on June 17th
Irish industrial production up 20% in first four months of 2015; Construction down 2.6% in first quarter
Irish Economy 2015: ESRI slams return to boom-time pro-cyclical fiscal policy
Irish pension fund returns in average range 1.6% - 1.8% in May 2015
Irish service sector PMI remains strong; Tax avoidance clouds data
Ireland: Official unemployment rate at 9.8% in May; Broad rate at 19% — 440,000 people
Ireland: Fiscal Council warns of dodgy forecasts, no plan; OECD warns of new property bubble
Irish Public Finances: Tax revenue in first five months of 2015 €734m ahead of target
No simple measure of economic progress in Ireland: GDP & GNP defective
Irish manufacturing PMI rises in May; Production up unbelievable 45% in year to March!
ESRI says data volatility hinders Irish economic forecasting; Tax avoidance taboo cause
Ireland at 16 in international competitiveness ranking; US, Singapore and Hong Kong on top
Irish Economy 2015: Sectors to add 200,000 jobs?; Broad jobless rate at 19%
Irish Export Performance: Myths and reality - Ireland is a poor exporter
Irish Economy: 41,300 jobs added in 12 months to Q1 2015 - Construction up 19,600
China-Ireland: Economic relationship on a slow burn
Estonia, Austria, France, Ireland head global alcohol rankings
Irish Exchequer Returns: Tax receipts under target in April but ahead in year
Irish service sector PMI rose in April
Irish manufacturing PMI remained strong in April- includes overseas manufacturing
Irish Live Register + 90,000 activation scheme numbers at 439,000 in April
Ireland: Coalition drops 2018 full-employment target
Ireland Spring Statement: Noonan promises 200,000 net new jobs by 2018
Irish Economy 2015: Retail sales volume up 1.4% in month of March