Irish Funds has welcomed the publication of the Central Bank of Ireland’s Discussion Paper on ETFs.
The paper seeks views from all ETF participants and users on the future development of ETFs in Ireland and the industry globally.
Irish Funds engaged with the Central Bank of Ireland in advance of the publication of the discussion paper and welcomes the Central Bank of Ireland’s approach to advance discussion and understanding of the ETF industry by seeking information and input from stakeholders. Irish Funds will collate input from member firms and the organisation’s ETF working group will be fully engaged in preparing a coordinated response.
Irish Funds chief executive Pat Lardner says: “Ireland is the leading European domicile for ETFs, with a market share of almost 60 per cent and last year Irish domiciled ETFs accounted for nearly all the net sales into ETFs across Europe. It is wholly appropriate that the Central Bank of Ireland is leading the discussion and seeking wide input on this important and growing sector of the industry.”