With the Irish economy rebounding strongly after the global financial crisis, investors are increasingly looking to invest in Ireland. One popular way to invest in Ireland is through investment funds that offer exposure to Irish stocks and bonds. However, with hundreds of funds to choose from, it can be challenging for investors to identify the top performing ones. This article will provide an overview of the best investment funds in Ireland based on insights from Reddit users.
Consider Low Cost Index Funds
Many Reddit users highlight the importance of low cost index funds when investing in Ireland. Index funds like Vanguard’s FTSE All-World UCITS ETF (VWRL) offer broad diversification across global markets at minimal fees. This makes them a solid core holding. Other recommended Ireland index funds include iShares Core S&P 500 UCITS ETF and iShares MSCI Ireland ETF.
Evaluate Active Irish Equity Funds
For investors seeking active management, Redditors suggest analyzing funds focused on Irish equities like Irish Life Irish Equity Fund, Goodbody Dividend Income Cautious Fund, and Mediolanum Best Brands. The managers of these funds have long track records that can be evaluated. However, their higher fees should be weighed against potential outperformance.
Consider Alternative Assets
Beyond mainstream stocks and bonds, some alternative assets can provide diversification benefits. Reddit users mention Anthropic Artificial Intelligence UCITS Fund, Invest Global Food Brands Fund, and Socially Responsible Investment Fund Ireland as interesting options combining alternative assets with ESG principles.
Use Low Cost Brokers
To keep overall investment costs low, Redditors strongly favor low fees brokers like Degiro and Trading 212. Large traditional brokers like Davy charge higher trading commissions that can eat into long-term returns. New fintech brokers offer commission-free trades on Irish funds.
Reinvest Dividends
Instead of taking dividend payouts in cash, reinvesting dividends allows for accelerated compound growth. This works particularly well with dividend focused funds like Goodbody Dividend Income Cautious Fund. Reinvesting dividends through a Dividend Reinvestment Plan (DRIP) is easy and free with most brokers.
By focusing on low cost index funds, carefully evaluating active managers, considering alternative assets, minimizing broker fees, and reinvesting dividends, investors can build a solid portfolio of the best investment funds in Ireland.