Bringing you live news and features since 2006 

Ireland’s ETF assets under management surpass EUR1 trillion


Marie Coady, Tax Partner at PwC Ireland, has noted that Irish domiciled ETFs’ assets under management has surpassed the EUR1 trillion threshold for the first time at the end of June 2023, according to recent Morningstar data. 

This is a significant milestone which reinforces Ireland as the leading ETF domicile in Europe and, indeed, the second largest domicile of ETF assets in the world, she writes.  

The ETF industry in Ireland has continuously grown since 1990, with the past six years in particular witnessing a tripling of AuM from EUR362 billion in 2017 to EUR1 trillion in 2023, representing a CAGR of over 20 per cent over that period. 

Ireland has established itself as the European centre of excellence for ETFs and consolidates its leading position in Europe, with 68 per cent of the European ETFs’ AUM as of 30 June 2023 according to Morningstar, Coady says.

“Ireland’s attractiveness for ETFs is driven by its access to a large pool of unrivalled ETF expertise and experience with 17,000 English speaking funds professionals who have been servicing funds, including ETFs, for over 30 years. 

“Ireland is in the unique position to provide all of the services an ETF may need, ranging from fund administration, transfer agency and depositary to legal, tax and audit services, as well as stock exchange listing, distribution, authorised participants, compliance and consultancy services. The large and comprehensive Irish ecosystem of ETF service providers keeps investing in their capabilities to cater to the specific needs of ETFs. In addition, Ireland benefits from a strong and stable regulatory environment. With Ireland’s EU membership and the global passporting opportunities afforded to UCITS products now distributed in over 90 countries, ETF issuers are afforded a platform upon which to build a successful distribution strategy. 

“In addition, Ireland’s access to a large network of favourable tax treaties, including with the US which affords Irish ETFs reduced treaty rates of withholding tax on US securities, also constitutes a key element of its attractiveness for ETF issuers.”

Coady says that the popularity of ETFs as an investment solution continues to be on the rise and growth rates experienced over recent years are expected to continue. “Our recent global ETF survey report, ETFs 2027: a world of new possibilities, revealed that the majority of the ETF managers in our survey expect that global ETF AuM will increase to USD15 trillion or more by June 2027. Broader investor adoption in developed markets and distribution into new and emerging markets are  expected to be the main drivers underpinning the continued expected growth. Ireland, with funds authorised for distribution in over 90 countries, is ideally placed to offer ETF issuers the ability to tap into the opportunities in new and emerging markets.”

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by