IRELAND - Despite a marked improved performance in April, trustees have continued to focus on the long term according to the Irish Association of Pension Funds (IAPF).
Jerry Moriarty, director of policy, IAPF, said: "Trustees would welcome the improvement in what has been a difficult year and hopefully it represents a turning point for investments.
Moriarty added: "However most trustees understand that pension fund investment is a long term game and won't unduly focus on one month figures."
According to Rubicon, pension funds in the country have lost an average of 12.6% of their value over the past 12 months.
The gains made over three and five years have remained respectable, at 6.8% and 8.9% per annum respectively.
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