Irish managed pension funds lost an average of 0.4% during October according to new figures from consultants Rubicon.
Of the ten group pension managed funds analysed by Rubicon just one, managed by State Street Global Advisors, delivered a positive return during the month.
The 0.5% gain contrasted against an average loss in value of 0.4% during October.
Irish pension funds are ahead 11.7% on average over the year to date. Returns over recent years have been poor, however, with an average 2.1% loss per year recorded over the past five years.
Standard Life Investments has managed the best return, of 14.8%, over the past 10 months with Irish Life Investment Managers (9.9%) bottom of the list of 10 analysed by Rubicon.