2016 has started as a turbulent one for investors. Although the end of Quarter 1 did show a greater stability, markets remained volatile. It is, therefore, reassuring for investors in our Magnet and Compass funds to see that these portfolios have weathered this storm better than most.
Fund Performance, Quarter 1 2016
|ESMA 3||ESMA 4||ESMA 5|
|Rank||Fund Name||Fund Name||Fund Name|
|1st||Friends First Magnet Cautious (1.71%)||Friends First Magnet Stable (-0.08%)||Irish Life MAP4 (0.84%)|
|2nd||Friends First Compass Cautious (1.46%)||Irish Life MAP3 (-0.09%)||New Ireland iFunds 5 (-1.26%)|
|3rd||Irish Life MAP2 (0.47%)||New Ireland iFunds 4 (-0.44%)||Friends First Magnet Portfolio (-1.38%)|
|4th||Standard Life MyFolio Active I (0.07%)||Friends First Compass Stable (-0.73%)||Friends First Compass Portfolio (-2.29%)|
|5th||New Ireland iFunds 3 (-0.18%)||Standard Life Myfolio Active II (-1.21%)||Aviva Multi Asset Dynamic (-2.58%)|
|6th||Aviva Multi Asset
|Zurich Life Pathway (-1.30%)||Zurich Life Pathway (-2.68%)|
|7th||Zurich Life Pathway (-0.47%)||Aviva Multi Asset Strategic (-1.41%)||Standard Life MyFolio Active IV (-3.85%)|
|8th||Standard Life MyFolio
Active III (-2.49%)
|Standard Life MyFolio Active V (-4.99%)|
Source : Financial Express, Performance from 1.1.16 to 1.4.16.
Both the Magnet and Compass Ranges aim to maximise returns but within targeted risk parameters. An important part of this is being able to limit the downside when markets take a hit. Each fund in the range is designed for a different type of investor. We are proud to be able to stand over the performance of these funds during a particularly difficult time for markets over recent months.
Commenting on the funds, Simon Hoffman, Pensions & Investments Director, Friends First, “Our performance when viewed against similar funds during the recent volatility is clear proof of the strength of our strategies and our experience in managing risk rated portfolios. Each fund is constructed from a broad range of asset classes and strategies selected to correspond with a particular risk rating. We are also in a position to select from a wide range of Asset Managers thereby also being able to benefit from using their experience in their fund specialities.”
The Magnet Range of funds are available across the Friends First suite of pension, ARF (Approved Retirement Funds), AMRF (Approved Minimum Retirement Funds), savings and investment products.
For more information on the Magnet and Compass Ranges please talk to your Financial Broker or visit the Portfolio Area on our Fund Centre.