Performance of managed funds in last 10 years surpassed inflation, says expert

OVER the last 10 years managed funds returns were well ahead of inflation, despite the stock market falls over the last three years, Irish Association of Pension Funds (IAPF) stressed yesterday .

IAPF chairman John Feely said for the 10-year period to the end of 2002, the real return, over and above inflation, was 7.9% per annum.

The 10-year period highlighted the importance of taking a long-term view.