IRELAND - The average Irish pension managed fund gained 3.9% in the first quarter of the year, bringing the 12 month return at March end to 22.9%, according to Mercer Investment Consulting. AIBIM's new multi-manager managed fund topped the Mercer survey for the quarter with a return of 5.5%, while KBCAM, which returned 2.7%, was the worst performer in the group.
Irish Life and Acorn Life, which returned 26.9% and 24.8% respectively, were the best performing funds over the year to March end, outperforming the average return of 22.9%. The biggest underperfor...
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