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Pension funds back in growth

IRISH pension managed funds returned to strong gains throughout February, with an average return of 1.5pc for the month.

The research carried out by Rubicon Consulting outlined that Setanta Asset Management took top spot with a return of 1.8pc for the month.

Aviva Investors propped up the league table with a return of 1pc.



Return

The average managed fund has also advanced 1.5pc over the first two months of the year; with returns ranging from a high of 2.7pc to a low of 0.9pc and over the past 12 months the average fund returned 12.7pc.

The average managed fund return has been a disappointing -0.9pc per annum over the past three years.