Fund Return 2012-2013

1st June 2012 - 31st May 2013

With effect from 1st June 2012, The Construction Federation Executive Pension Scheme (CFEPS) is known as CERS (Construction Executive Retirement Savings).  The Fund Returns outlined below relate to the three funds that were available under the CERS arrangement for the period shown.  For up to date information about CERS Investment Funds please click here.

FUNDS: Multi Asset Fund Multi Asset Fund YTD* Cash Fund Cash Fund YTD* Bond Fund Bond Fund YTD*
From Scheme year:            
1st June 2012 - 30th June 2012 **  -0.98%  -0.98%  -0.58%  -0.58%  -3.40%  -3.40%
1st July 2012 - 31st July 2012  +2.64%  +1.63%  +0.01%  -0.58%  +3.37%  -0.13%
1st August 2012 - 31st August 2012  +0.36%  +2.00%   +0.00%   -0.58%   +0.43%   +0.31% 
1st September 2012 - 30th September 2012  +1.17%  +3.19%  +0.00%   -0.56%   +1.03%   +1.34% 
1st October 2012 - 31st October 2012  +1.40%  +4.64%  +0.00%   -0.56%   +1.01%   +2.36% 
1st November 2012 - 30th November 2012  +0.93%  +5.62%   -0.01%  -0.57%  +1.94%   +4.35% 
1st December 2012 - 31st December 2012  +0.93%  +6.60%   +0.00%   -0.57%   +1.33%   +5.74% 
1st January 2013 - 31st January 2013  +0.86%  +7.51%  +0.01%  -0.56%  -1.46%  +4.19%
1st February 2013 - 28th February 2013  +1.70%  +9.34%  +0.01%  -0.55%  +0.41%  +4.62%
1st March 2013 - 31st March 2013  +1.95%  +11.47%   +0.01%  -0.54%   +1.09%  +5.76%
1st April 2013 - 30th April 2013  +1.32%  +12.94%   +0.02%   -0.52%   +3.74%  +9.71%
1st May 2013 - 31st May 2013  +0.1%  +13.015%   0.0%  -0.507%  -2.4%  +7.033%

*YTD - Year-to-date: is the period 1st June 2012 to the most recent month shown. This percentage is a cumulative return from 1st June 2012 to the stated period.

** The June 2012 fund returns include the 0.6% govenment levy at 30/06/2012.

The assets of the Cash Fund are largely held on deposit with a range of AAA rated international banks in order to maximise member security. The rate of interest available on these deposits is currently at historically low levels. As a result, the net return provided by the CERS Cash Fund (after deducting management charges) is likely to be negative until interest rates generally increase.”  This situation is not unique to CERS – all AAA rated cash funds are producing negative returns after allowing for charges and the Levy.

Investment instructions sent by email are not effective or accepted by the Scheme unless and until an email confirmation of those instructions has been issued by a member of the Scheme Administration team. Where an instruction is deemed by the Administration to be ambiguous or incapable of being performed it will be ineffective. Members are advised to contact the Administration regarding any investment instruction which has not been acknowledged. The Trustees, the Scheme and the Administration do not accept responsibility for failure to process email instructions that, for whatever reason, have not been confirmed. If you wish to give the Scheme an investment instruction please contact the Administration at 01 4071430 in the first instance.

This note is for information purpose only and does not constitute financial or other professional advice. The investment choices offered by the Trustees will be regularly reviewed and may be varied from time to time. If you are considering your investment choices you should contact the Administration to ensure you have the most up to date information

Contact Details

Construction Executive Retirement Savings - Canal House, Canal Road, Dublin 6
Telephone: 01 407 1430
Fax: 01 507 7490
Email:info@cers.ie.

 



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