The average Irish pension managed fund grew by a modest 1.4% during the second quarter of 2004, bringing the increase in the year to date to 5.3%.
The worst performing equities over the last three months were in the financials and IT sectors, while the best were resources and cyclical consumer goods.
Equity markets were up 1.5% in the quarter, but the Dublin's ISEQ index managed to rise 6.4%.
Canada Life/Setanta and Hibernian Managed Funds were the best performers, both returning 2.1% over the quarter while Eagle Star (+0.1%) and KBCAM (0.3%) lagged their competitors.
Over the six months, AIBIM's new Multimanager Fund and Irish Life's Global Access Fund were the best performers, returning 7.2% and 6.4% respectively. The underperformers for this period were KBCAM (3.0%) and AIBIM Managed Fund (+3.9%), against an average return of 5.3%.
