A relatively new low cost fund (0.49% TER) has recently opened up on the Irish exchange. The Wisdom tree ISEQ 20 ETF, with dividend payments distributed semi annually.
http://www.ise.ie/Media/News-and-Ev...er-of-ETFs-lists-ISEQ-20®-ETF-on-the-ISE.html
As an inexperienced investor I would consider buying into this fund as part of maybe a 20% portion of a mixed portfolio.
Pros-
No currency conversion costs.
I am concerned that over a 10-20 year period the Euro will strengthen and de-value profits from non Euro denominated fund. A Euro denominated fund like this mitigates the risk.
The fund offers a relatively mixed portfolio of Irish assets.
Total expense ratio TER a reasonable 0.49%
No stamp duty.
Wisdom tree has over $50bn AUM (Assets under management) globally
Cons
Gross roll up rules apply including no loss relief, gains taxed at 41%, deemed disposal after 8 years. Not sure how dividends are taxed under these rules ?
Any other thoughts concerns?
http://www.ise.ie/Media/News-and-Ev...er-of-ETFs-lists-ISEQ-20®-ETF-on-the-ISE.html
As an inexperienced investor I would consider buying into this fund as part of maybe a 20% portion of a mixed portfolio.
Pros-
No currency conversion costs.
I am concerned that over a 10-20 year period the Euro will strengthen and de-value profits from non Euro denominated fund. A Euro denominated fund like this mitigates the risk.
The fund offers a relatively mixed portfolio of Irish assets.
Total expense ratio TER a reasonable 0.49%
No stamp duty.
Wisdom tree has over $50bn AUM (Assets under management) globally
Cons
Gross roll up rules apply including no loss relief, gains taxed at 41%, deemed disposal after 8 years. Not sure how dividends are taxed under these rules ?
Any other thoughts concerns?
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