With Any Luck, There Could Be an Irish ETF
November 7th at 8:00am by Tom Lydon
Will there be an Irish exchange traded fund (ETF) available in the United States any time soon? It looks like there is clearly a demand for an ETF based on the Irish market, if the feedback from institutional investors, stockbrokers and investment bankers is any indication. The Irish stock exchange launched a market for an ETF based on the 20 most liquid equities, back on April 22, 2005. The press release for The Irish stock exchange says the total expense ratio is 0.5% based on assets under management and the trading takes place under the ISEQ 20 Exchange Traded Fund PLC on the Irish stock exchange. The top holdings include Allied Irish Bank, CRH, Bank of Ireland and RyanAir.
If we get enough positive feedback, I’ll contact the Irish Stock Exchange and try to get this ETF available in the US.
