The following link will allow you to see the performance of the Dynamic fund year-to-date (YTD) etc.:
Discover Zurich funds performances using the fund performance calculator by selecting a fund category, a performance type, and a date range. Learn more.
The fund is down -16.26%.
The above that you are querying just seems to be a weekly investment newsletter talking generally about the performance of various global markets (Europe, Japan etc) and asset classes (corporate bonds etc).
To answer your original question - why is 'Europe' and 'Ireland' showing different returns since they are both in the euro?
'Europe' relates to the performance of a basket of European (German, French, Spanish, Ireland etc).
'Ireland' relates to the performance of a basket of Irish equities only.