A recent survey of pension funds in Ireland conducted by insurance brokers Coyle Hamilton has revealed that despite recording three years of negative returns in some cases, fund managers are refusing to consider changing their strategies.
Speaking to the Irish Independent on Monday, following the release of the Coyle Hamilton survey, group actuary Joe Byrne explained that as a result of the ongoing volatility being experienced by global equity markets: 'the average performance is just in the negative zone'.
However, he observed that the fund managers questioned remain fully committed to investing in equities for the long term, and see this type of investment: 'as fundamental to the achievement of real long term growth for the purposes of meeting the needs of trustees and pension scheme members'.
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