The tables below outline the investment performance to 31st December 2011 of the leading Group Pension Managed Funds in the Irish market.

Managed Funds	3 months	1 Year	3 Years	5 Years	10 Years
AIB Investment Managers	7.8%	-2.2%	7.5%	-4.2%	0.6%
Aviva Investment Managers	6.9%	-3.7%	8.1%	-5.5%	0.5%
SSgA	7.5%	-4.1%	8.7%	-4.6%	1.0%
Canada Life/Setanta	7.7%	0.5%	10.6%	-1.3%	2.0%
Zurich Life (Balanced)	7.9%	-2.1%	9.8%	-1.5%	3.1%
Friends First/F&C	7.9%	-4.6%	9.0%	-4.7%	1.0%
Irish Life Investment Managers	7.7%	-5.0%	9.1%	-4.6%	1.4%
Kleinwort Benson Investors	8.4%	-2.4%	8.7%	-5.2%	-0.4%
Merrion Investment Managers	6.1%	-5.9%	10.3%	-2.8%	2.0%
New Ireland	7.4%	-4.2%	8.9%	-4.6%	1.0%
Standard Life	8.4%	-3.6%	11.7%	-2.4%	2.3%
Consensus Funds	3 months	1 Year	3 Years	5 Years	10 Years
AIBIM	7.3%	-2.9%	9.3%	-4.0%
SSgA/New Ireland	7.7%	-2.7%	10.1%	-3.4%	1.6%
Canada Life/Setanta	9.2%	-2.7%	9.4%	-4.3%	0.7%
Aviva Investment Managers	7.5%	-2.7%	8.9%	-4.1%	0.9%
Irish Life	7.7%	-2.7%	9.8%	-3.6%	1.7%
New Ireland IRIS Fund	9.2%	-5.8%	10.2%	-6.1%	0.1%
New Ireland Consensus IRIS Fund	9.8%	-3.2%	12.2%	-4.4%
Average Managed Fund	7.5%	-3.5%	9.2%	-3.9%	1.2%

Blue is above average 
Red is below average

The figures are the annualised percentage growth rate in the fund prices.
Printable version of funds performance data (231.3 KB)

Despite the difficulties with Eurozone Sovereign debt, Quarter 4 saw strong gains in the average Managed Fund by 7.5%. The growth was driven by good performance in global stock markets which was further enhanced by an appreciation on non Euro assets due to currency movements. Bonds suffered during the period following a decline in the credit rating of several countries.

Overall 2011 was poor with the average Managed Fund losing 3.5% in value. Canada Life/Setanta was the only fund manager to show a positive return while Merrion Investment Managers were the poorest performer at -5.9%. The 3 and 10 year figures are positive but 5 years figures remain negative as they include the very poor 2008 year.

The table below outlines the annualised performance of a number of asset classes. The figures demonstrate the high volatility in recent times, both for Equity and Bond values.

Asset Classes	3 Months	1 Year	3 Years	5 Years	10 Years
MSCI World Equity Index	7.7%	-5.0%	13.1%	-1.5%	4.9%
MSCI Eurozone Equity Index	6.3%	-13.0%	4.4%	-5.7%	-0.5%
ISEQ Irish Equity Index	16.2%	2.6%	10.9%	-12.4%	-3.3%
Barclays EU Govt >10Yr Index Bonds	-1.2%	4.2%	3.1%	3.6%	6.9%
Irish CPI	0.0%	2.4%	-0.4%	0.7%	2.1%

Past Reports 2011
Group Pensions Investment Performance 2011: Q3
Group Pensions Investment Performance 2011: Q2          
Group Pensions Investment Performance 2011: Q1   

Past Reports 2010
Group Pensions Investment Performance 2010: Q4
Group Pensions Investment Performance 2010: Q3
Group Pensions Investment Performance 2010:Q2
Group Pensions Investment Performance 2010:Q1

Earlier Reports
Group Pensions Investment Performance 2009
Group Pensions Investment Performance 2008
Group Pensions Investment Performance 2007
Group Pensions Investment Performance 2006
Group Pensions Investment Performance 2005