Irish pension funds lost ground in Q2 2010; Average annual return negative over 5 years - - below inflation over 10 years
Jul 5th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish pension funds lost further ground in June, as the average managed fund returned -1.8% for the month. Standard Life Investments and Eagle Star/Zurich Life shared top spot with a return of -1.5% for the month, while Setanta Asset Management propped up the league table with a -2.7% return. As a result of losses experienced during May and June, the average managed fund delivered a return of -3.7% over the second quarter (Q2) of 2010. The average annual return was negative over 5 years and below inflation over 10 years.