ETF - Where do I start?

[krinpit]

With my SSIA maturing soon, I'm considering investing in an ETF. Where can I obtain a list of good brokers who will get me started?

 

[Gulliver]

If u are talking about an Irish ETF have a look at the Irish Stock Exchange website which operates the ISEQ20ETF. There is a fairly comprehensive brochure available at http://www.ise.ie/index.asp?locID=417&docID=-1 and comprehensive historical data. Charges on this ETF are low by normal standards of ETF. Historical growth has been excellent - in line with ISEQ index of Irish shares. Can be purchased from any broker who sells Irish shares.

 

[CCOVICH]

Some of the info in this Key Post may be useful.

If it is specifically the ISE ETF you are interested in, then the FAQ may be useful.

 

[krinpit]

That's great, thanks guys.

 

[krinpit]

I've been in contact with someone in Davy stockbrokers and the whole thing seems very straightforward.

I don't know if there's already a post on this, but by investing in an ETF alone, would I be deemed to be allocating my investments wisely? Specifically the ISEQ ETF.

 

[jpd]

but by investing in an ETF alone, would I be deemed to be allocating my investments wisely? Specifically the ISEQ ETF.

You might like to consider whether this ETF is correctly diversified - it is heavily weighted in financial institutions and construction and in the Irish economy.

3 companies (AIB, CRH, BOI) make up 50%
5 companies (AIB, CRH, BOI, Anglo, Ryanair) make up 75%

Financial companies make up 50%
Construction associated companies make up 20%

You may already have a large stake in Irish economy if your job depends on it, so it might be wise to consider investing in an ETF investing outside Ireland.