Investing Experts
Passive investing in Ireland, the ETF capital of Europe
Dec 5, 2024
Dan Malone, a financial advisor and accountant based in Dublin, shares his expertise on passive investing in Ireland, known as the ETF capital of Europe. He discusses the shift toward index funds and the surge of asset managers in the country due to favorable tax treaties with the U.S. He highlights the potential of undervalued Irish banks and the extreme taxation challenges faced by local investors. Malone emphasizes the importance of early financial planning to prepare for retirement, advocating for a cultural shift in how investing is discussed in Irish society.
31:37
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Ireland's favorable tax framework has attracted asset managers to set up ETFs, but local participation remains low due to conservative financial attitudes.
- The podcast emphasizes the importance of passive investing and financial education to overcome historical distrust and encourage better retirement preparation among Irish investors.
Deep dives
Ireland as the ETF Capital of Europe
Ireland has emerged as a preferred domicile for asset managers establishing exchange-traded funds (ETFs), driven by its favorable tax treaties, particularly with the United States. This advantageous tax structure lowers the withholding tax on dividends paid to Irish ETFs, enhancing net returns for investors. Despite Ireland being at the forefront of ETF development in Europe, the local population remains underrepresented in ETF participation. This disconnect highlights a paradox where the country leads in financial innovation, yet many citizens are still attached to traditional savings methods.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
