Best Irish Funds UK – Invest with Zero Fees

The Irish funds industry is growing year on year, and it’s easy to see why. With an increasing number of the world’s top funds choosing to be domiciled in Ireland, investing in Irish funds has become an attractive prospect for investors across the globe.

In this guide, we discuss the Best Irish Funds UK, and show you how you can invest with an FCA-regulated broker – without having to pay a penny in commissions!

Best Irish Funds UK List

If you’re looking for a quick rundown of the best Irish funds UK, look no further. In the section that follows, we will examine each of these funds in detail to provide you with the knowledge you need to make the best investment decision.

  1. iShares MSCI UK IMI ESG Leaders UCITS ETF – Overall Best Irish Fund UK in 2021 – Invest Now
  2. Vanguard ESG Global Corporate Bond UCITS ETF – Best Irish Fund UK for Bond Investing – Invest Now
  3. Aviva PLC – Best Stock to Invest in Irish Funds – Invest Now
  4. Vanguard ESG Global All Cap UCITS ETF – Best Irish Fund UK for Ethical Investing
  5. Invesco Global Clean Energy ETF – Best Irish Fund UK to Invest in Renewable Energy
  6. Invesco US Municipal Bond UCITS ETF – Best Irish Fund UK for Exposure to High Yield US Bonds
  7. iShares MSCI Pacific ex-Japan ESG Leaders UCITS ETF – Best Irish Fund UK for Diversification
  8. Baillie Gifford Worldwide Responsible Global Equity Income Fund – Best Irish Fund UK for Passive Income
  9. Waverton Multi-Asset Income Fund – Best Multi-Asset Irish Fund UK
  10. Neuberger Berman Global High Yield Bond Fund – Best Irish Fund UK for Consistent Returns

Best Irish Fund to Invest in Reviewed

The Irish fund industry’s fast-growing nature is leading to more and more retail and institutional investors looking to place their capital in one of the leading Irish funds. However, with so many fund types to choose from and a wide range of fund providers, it can be challenging to decide which fund domiciled in Ireland to choose from.

To help you out, this section of the guide will analyse the top ten Irish funds mentioned above. We’ll discuss each in detail, providing you with the necessary information you need to make an efficient investment decision.

1. iShares MSCI UK IMI ESG Leaders UCITS ETF – Overall Best Irish Fund UK in 2021

If you are looking for one of the best Irish funds to invest in, then the iShares MSCI UK IMI ESG Leaders UCITS ETF is worth considering. This fund aims to invest ethically whilst still maintaining an attractive risk profile. Domiciled in Ireland, this fund is available for many investors throughout the United Kingdom and Eurozone due to the UCITS framework it abides by.

iShares MSCI UK IMI ESG Leaders UCITS ETF

One of the exciting things about this fund is how new it is. Having been in operation for less than a month, this fund is already up over 3% in under two weeks. Looking at the fund’s assets, it mainly invests in UK equities from the financial services sector, with some funds being allocated to the consumer defensive sector and communications sector also. Although this fund is relatively new to the market, it represents an exciting and attractive opportunity thanks to its ethical investment strategy and growth potential.

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Vanguard ESG Global Corporate Bond UCITS ETF – Best Irish Fund UK for Bond Investing

If you’re looking to invest in one of the best Irish investment funds, but wish to focus on bonds, then the Vanguard ESG Global Corporate Bond UCITS ETF represents an appealing option. This fund invests in global corporate bonds from both developed and emerging markets funds, with maturities that are greater than one year. This approach aims to generate consistent returns and provide investors with a solid level of diversification.

Vanguard ESG Global Corporate Bond UCITS ETF

After making a slight loss in 2018, this fund has produced positive total returns in the following two years, generating 10.26% and 6.65% in 2019 and 2020, respectively. Furthermore, the Vanguard ESG Global Corporate Bond UCITS ETF offers one of the lowest expense ratios on our list, clocking in at only 0.18% annually! If you are looking for an inexpensive Irish fund that can provide exposure to the bond market, this fund is worth considering.

67% of retail investor accounts lose money when trading CFDs with this provider.

3. Aviva PLC – Best Stock to Invest in Irish Funds

Although not technically a fund, if you are looking to gain indirect exposure to several Irish funds, then it could be worth considering an investment in Aviva. Aviva PLC is a British insurance company that invests in a wide range of assets, including many Irish funds. The Irish funds that Aviva mainly invests in are related to commercial property. So, although investing in Aviva will not mean you are directly investing in an Irish fund, it can give you some indirect exposure to the Irish fund market.

Aviva PLC

Looking at Aviva’s returns, the stock is currently up nearly 25% since the start of January, meaning if you’d invested £1000 in this stock, you would have made about £250 in profit! Furthermore, reviewing the price chart, a clear upward trend can be seen, highlighting that Aviva seems to recover well each time their stock price suffers a minor dip. If you are interested in investing in Aviva stock, you can do so with eToro – completely commission-free!

67% of retail investor accounts lose money when trading CFDs with this provider.

4. Vanguard ESG Global All Cap UCITS ETF – Best Irish Fund UK for Ethical Investing

There is a growing number of investors who are placing greater emphasis on ethical investing when it comes to asset management. Funds that invest ethically employ strict criteria on the assets that they invest in, screening them for any harmful elements related to the environment, society, or corporate governance. One of the best Irish funds to invest ethically is the Vanguard ESG Global All Cap UCITS ETF.

Vanguard ESG Global All Cap UCITS ETF

This fund invests in large-, mid-, and small-cap stocks worldwide and excludes any companies that display poor ethics. Furthermore, this fund is very new to the market, having been incepted less than a month ago. However, it has already produced returns of over 3% in the short time that it has been operational, highlighting the potential it may have. With this fund also being the first ESG ETF in Europe, it is an exciting addition to the list of best Irish Funds for 2021.

67% of retail investor accounts lose money when trading CFDs with this provider.

5. Invesco Global Clean Energy ETF – Best Irish Fund UK to Invest in Renewable Energy

One of the best renewable energy funds domiciled in Ireland is the Invesco Global Clean Energy ETF. This fund comprises companies that operate within the renewable energy sector, including firms involved in solar power, wind power, and other clean energy sources. A recent report from Deloitte stated that this sector is set to experience significant growth over the next decade, which could provide incredible returns opportunities for funds such as this – and with over $425 million of assets under management, this fund is one of the major players in the industry.

Invesco Global Clean Energy ETF

A significant benefit of this fund is the type of returns it can generate. In 2020 alone, the Invesco Global Clean Energy ETF returned 144.13% for investors – which is incredible when you consider the scale of the Coronavirus pandemic. What’s more, the fund even returned 39.66% in 2019. With a modest expense ratio of 0.75%, many investors will see this fund as an attractive opportunity to gain exposure to the renewable energy sector. Although it can be argued that the fund is much riskier than some of its peers, it can’t be disputed that the Invesco Global Clean Energy ETF is one of the best Irish investment funds available today.

67% of retail investor accounts lose money when trading CFDs with this provider.

6. Invesco US Municipal Bond UCITS ETF – Best Irish Fund UK for Exposure to High Yield US Bonds

Another exciting new addition to the selection of best Irish funds is the Invesco US Municipal Bond UCITS ETF, which is Europe’s first ETF that provides exposure to high-yield US bonds. Typically, US bond funds in the market will focus predominantly on investment-grade bonds such as Treasuries, which are one of the best low-risk investments but provide small returns. Higher yield municipal bonds, such as those employed within this fund, are slightly riskier – but tend to generate more significant returns on the upside.

Invesco US Municipal Bond UCITS ETF

Domiciled in Ireland and traded on the London Stock Exchange, this fund has only been in operation for under two months, and you can see from the price chart that it has already exhibited quite substantial volatility. However, with investment-grade bond yields still relatively low, there is a good chance that investors may start to gravitate towards municipal bonds throughout the year, thereby improving this fund’s performance. Finally, with a relatively inexpensive expense ratio of 0.28%, this fund is easily accessible for many investors.

67% of retail investor accounts lose money when trading CFDs with this provider.

7. iShares MSCI Pacific ex-Japan ESG Leaders UCITS ETF – Best Irish Fund UK for Diversification

This fund aims to provide exposure to a wide range of countries across the Asia-Pacific region, excluding Japan. By investing in stocks of many firms located in these countries, this fund looks to provide long-term capital growth to investors, all whilst increasing portfolio diversification in a geographic sense. In terms of specific countries, this fund invests predominantly in Australia, Hong Kong, New Zealand, and Singapore.

iShares MSCI Pacific ex-Japan ESG Leaders UCITS ETF

Looking at recent performance, this fund has generated a positive return in four of the last five years. It has even shown potential to generate market-beating returns, producing 25.84% for investors in 2017 and 18.19% in 2019. Furthermore, it has an affordable expense ratio of 0.2% per annum, making it one of the lowest on our list. So, if you’re looking to diversify your portfolio across different countries whilst still generating a solid return, then the iShares MSCI Pacific ex-Japan ESG Leaders UCITS ETF is one of the best Irish investment funds to do so.

67% of retail investor accounts lose money when trading CFDs with this provider.

8. Baillie Gifford Worldwide Responsible Global Equity Income Fund – Best Irish Fund UK for Passive Income

Suppose you’re looking for one of the best high yield investments to facilitate a passive income stream. In that case, the Baillie Gifford Worldwide Responsible Global Equity Income Fund could be a fantastic option. By investing in a range of equities across various sectors, this fund aims to produce solid capital growth and current income across a rolling 5-year period. Furthermore, this fund invests in multiple countries, including Taiwan, the US, and Australia, which adds an element of diversification to its assets.

Baillie Gifford Worldwide Responsible Global Equity Income Fund

In terms of yield, you can receive 2% per annum by investing in this fund. To provide an example, if you invested £5000, you would receive £100 each year in income payments (minus any fees you have to pay). Although this doesn’t seem like much, this yield has the potential to grow depending on how well the fund performs. However, when you combine this consistent income with the fact that the fund has returned 32.42% in the last year, it is clear why it can be classed as one of the best Irish funds for 2021.

67% of retail investor accounts lose money when trading CFDs with this provider.

9. Waverton Multi-Asset Income Fund – Best Multi-Asset Irish Fund UK

Multi-asset funds are a specific type of fund that invests in multiple asset classes, such as bonds, equities, and real estate. Through this strategy, these funds aim to create a diversified portfolio that can produce consistent growth. The Waverton Multi-Asset Income Fund is one of these funds – based in Ireland, this fund seeks to invest in various assets to create both capital growth and current income.

Waverton Multi-Asset Income Fund

Over the past year alone, the Waverton Multi-Asset Income Fund has returned an impressive 21.50% to investors. Furthermore, the fund has generated a positive return in three of the last five years, with the other two years being very slightly negative. Also, the fund offers a solid price yield of 2.56% to investors, distributed quarterly. If you’re in the market for a fund domiciled in Ireland that can provide both capital growth and a solid current income stream, then the Waverton Multi-Asset Income Fund is worth considering.

67% of retail investor accounts lose money when trading CFDs with this provider.

10. Neuberger Berman Global High Yield Bond Fund – Best Irish Fund UK for Consistent Returns

The last fund on our list of the best UK Irish funds is the Neuberger Berman Global High Yield Bond Fund. This fund is domiciled in Ireland has been regulated by the Central Bank of Ireland since 2016. With 93% of its assets being made up of fixed-income instruments, this fund looks to provide consistent annual returns by reinvesting any interest payments back into the fund, which will thereby increase your overall position.

Neuberger Berman Global High Yield Bond Fund

The fund has produced a positive return in three of the last four years, generating 10.75% and 2.34% in 2019 and 2020, respectively. Furthermore, the fund is also up 1.14% since the beginning of the year, with the potential for this figure to grow even further. Finally, it has an attractive expense ratio of 0.2% per year, which allows it to be accessible to investors looking for a cost-effective option. Thanks to its consistent returns and low fees, this fund is one of the best Irish funds available in the market today.

67% of retail investor accounts lose money when trading CFDs with this provider.

What are Irish Funds?

Irish funds are defined as any fund that is domiciled in the country of Ireland. These funds can be from various classifications, such as bond funds, equity funds, multi-asset funds, or any other type. Typically, Irish funds will be based in Dublin and regulated by the Central Bank of Ireland.

When examining Irish funds, the critical point to note is that they do not exclusively invest in Irish countries. Instead, their name is purely derived from the country they are domiciled in. According to a recent report by the Irish Funds Industry Association, over 1000 fund managers from 50+ countries have assets administered in Ireland.

irish funds industry growth

One of the main reasons that Ireland is an attractive country to domicile a fund is tax efficiency. In some countries, funds will be subjected to heavy taxation, which can erode a large portion of the profits they make. However, Ireland offers quite attractive tax rules for funds – they do not have to pay Irish tax on their income and capital gains. This means that more money is freed up to distribute as dividends or to reinvest back into various assets.

With the Irish funds industry growing each year, more large providers such as Vanguard and Invesco are choosing to launch funds in Ireland. In addition to this, the regulation brought about by Brexit is making Irish funds more attractive to European investors, specifically those operating under the UCITS framework. Due to this, the Irish funds industry’s outlook is encouraging, and we could see more fund providers base themselves in Ireland over the coming years.

Why Invest in Irish Funds?

There are many reasons to invest in Irish funds due to the growing nature of the industry. In the section below, we will discuss three of the main reasons you should consider adding an Irish fund to your portfolio.

Wide Variety of Fund Types

With more and more funds choosing to base their operations in Ireland, this has provided a breadth of investment options for investors to choose from. Some of the best bond funds providers are launching funds in Ireland, with equity funds providers following suit. Furthermore, even more, fund types are springing up across Ireland, including multi-asset funds and fixed-income funds.

As the pool of potential Irish funds increases, it provides many fund types to choose from. The benefits of this appealing, as it ensures there is an investment management option for every investor type. It also leads to more diversified funds being available, which can help optimise your risk/return ratio.

Fast-Growing Industry

Another reason to invest in Irish funds is due to the industry’s ever-growing nature and the possibilities it can offer. A report by the Irish Times in 2020 stated that the Irish funds industry is expected to be worth €5.2 trillion by 2025 – that equates to around £4.5 million! What’s more, the sector’s growth is expected to provide more than 6000 jobs for the economy.

irish funds returns

As more funds move to Ireland, it can benefit investors greatly, as each fund will have to ensure it is an attractive prospect compared to its competitors. In turn, that can mean asset managers will have to be at the top of their game to appeal to investors, leading to greater returns and increased income streams – as evidenced by the image above. Furthermore, as more funds join the industry, it could even drive expense ratios down as funds attempt to attract investors, leading to more cost-effective options.

Ethical Investing

Another reason to invest in the best Irish funds is due to ethical considerations. Many collective investment funds basing themselves in Ireland are focusing on ESG factors, making sure they adhere to specific asset-picking criteria. Funds that do this tend to avoid investing in ‘morally incorrect’ companies, such as tobacco firms or oil firms.

With funds such as the iShares MSCI UK IMI ESG Leaders UCITS ETF deciding to base themselves in Ireland, it ensures that ethical investment options are available to a wide range of investors. What’s more, post-Brexit regulations are making these funds more accessible to investors all across the Eurozone.

Best Irish Funds Brokers

Deciding on which broker to go with is a crucial part of the investing process. You must consider all of the options and choose one of the best trading platforms, ensuring they are reliable and offer an attractive fee structure.

In the section below, we discuss two of the best UK brokers that allow you to gain exposure to the Irish funds market.

1. eToro – Overall Best Broker to Invest in Funds with 0% Commission

etoro logo

eToro is an FCA-regulated broker with over 20million active users worldwide. With a wide range of investment options and an affordable fee structure, eToro is the favoured broker of a wide range of investor types. Furthermore, eToro is also regulated by the FSCS, protecting your money in the very unlikely instance that the company collapsed.

etoro invest in aviva

67% of retail investors lose money when trading CFDs at this provider

When it comes to investing in the best Irish funds, one great way to do this is to invest in a company that invests in these funds; thereby gaining indirect exposure to the performance of several Irish funds at once. As mentioned earlier, Aviva is one of these companies; however, there are many other options out there. The great thing about eToro is that they allow you to invest in these companies without paying any commissions whatsoever! Furthermore, eToro also offers a vast range of the best investment funds, all available to trade with 0% commissions.

Another benefit of using eToro is its wide selection of assets. If you’re looking to add some other investments to your portfolio, eToro offer over 2000 stocks to choose from, along with a considerable range of the best ETFs, commodities, currencies, and even cryptocurrency. Also, you can even copy the investments made by other traders through eToro’s revolutionary CopyTrader feature, all for a minimum of $200!

etoro invest in etfs

Finally, eToro makes it incredibly quick and easy to create an account and begin investing – the whole process takes under ten minutes to complete. Also, funding your account is straightforward and can be achieved through credit/debit card, bank transfer, or even e-wallet. What’s more, eToro does not charge any deposit fees or monthly account fees.

Pros:

  • Super user-friendly online trading platform
  • Gain exposure to Irish funds without paying any commission or share dealing charges
  • Trade CFDs in the form of stocks, indices, commodities, forex, and more
  • 2,400+ stocks listed on the UK and international markets
  • 150+ ETFs
  • Deposit funds with a debit/credit card, e-wallet, or UK bank account
  • Ability to copy the trades of other users
  • FCA and FSCS protections

Cons:

  • Not suitable for advanced traders that like to perform technical analysis
  • No ISAs or SIPPs

67% of retail investors lose money when trading CFDs at this provider

2. Fineco – Cost-Effective Platform to Invest in the Best Irish Funds

Fineco logo

If you’re looking to invest in the best Irish funds, then Fineco is a great option to do so. Although it does not offer a 0% commission structure such as eToro, it does provide a cost-effective investment platform that can facilitate your investment into some of the best Irish funds.

When investing in Fineco’s fund selection, you will not be charged any fees to initiate your investment. However, you will be charged a small annual fee to hold the fund based on your position size. Fineco will charge 0.25% per year on any position below £250k – so if you invested £1000 in one of the best Irish funds, you would have to pay £2.50 each year in fees. You would also have to pay the expense ratio that the fund promoter charges for their management services.

fineco invest in irish funds

In addition to funds, Fineco also offers a broad range of other assets to choose from. You can invest in 13 different stock markets with Fineco and can choose from over 5000 ETFs. Furthermore, there is also a wide variety of bonds, currencies, and even futures to choose from.

Finally, opening an account with Fineco is straightforward, and they do not require a minimum deposit amount. When you go to fund your account, this can only be completed via bank transfer; however, withdrawals can be executed through either bank transfer or credit/debit card.

Pros

  • No dealing charges when investing in Irish funds
  • Access to thousands of UK and international shares
  • Deposit funds with a UK bank account
  • Heavily regulated, including an FCA license
  • Listed on the Italian Stock Market
  • Offers ISAs and SIPPs
  • All personal data protected

Cons

  • 0.25% annual fee when holding funds
  • No support for debit or credit cards

Your capital is at risk.

How to Invest in Irish Funds on eToro Tutorial

If you’ve decided you’d like to gain exposure to the Irish funds market, the section below will guide you through the entire process with FCA-regulated broker eToro.

Step 1: Open an Account

The first step involves opening your eToro account. The easiest way to do this is by going to their website and clicking ‘Join Now’ – however, you can also do this through their investment app. Then, simply enter the required personal details, and choose a username and password.

etoro sign up

67% of retail investors lose money when trading CFDs at this provider

Step 2: Verify Your Account

As eToro operates under the strictest Financial Conduct Authority guidelines, you must verify your identity and address before trading. Luckily, this is incredibly easy to do and can be completed in minutes. Simply upload proof of ID (a copy of your passport or driver’s license) and proof of address (a copy of a bank statement or utility bill). After this, eToro will go ahead and verify the documents.

Step 3: Fund Your Account

Now you can make a deposit. This can be completed via credit/debit card, bank transfer, or e-wallet. We recommend using a credit/debit card, as the funds will appear in your account immediately.

Step 4: Choose Your Method of Investing in Irish Funds

Click on the search bar at the top of the screen, and type in the name of the asset you’d like to invest in. We are looking to gain exposure to a range of the best Irish funds, so we will use Aviva as an example. Once you see the asset, click ‘Trade’.

etoro invest in irish funds

67% of retail investors lose money when trading CFDs at this provider

Step 5: Invest in Irish Funds

On the page that follows, simply enter your investment size (minimum of $50), double-check everything is correct, and click ‘Set Order’.

etoro invest in best UK irish funds

And that’s it! You’ve just gained yourself exposure to the Irish funds market – without having to pay a penny in commission!

eToro – Buy the Best Irish Funds UK with 0% Commission

This guide has discussed ten of the best Irish funds that are available in the market today. With more and more of the world’s top fund providers choosing to base their operations in Ireland, the Irish fund industry is sure to offer fantastic investment options for years to come.

If you’ve made up your mind and are looking to invest in an Irish fund today, we recommend using eToro as your broker of choice. Thanks to their 0% commission structure, eToro is one of the most cost-effective brokers you can use. Furthermore, if you’re looking to invest in one of the funds that eToro offers, you can do so for as little as $50!

etoro logo

67% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What are Irish funds?

Irish funds are funds that are domiciled within Ireland. These funds are headquartered in various places around the country, with the majority being based in Dublin.

Why are funds domiciled in Ireland?

The main attraction for basing a fund in Ireland is due to tax efficiency. Irish domiciled funds do not have to pay tax on income or capital gains. Furthermore, after Brexit, Ireland will be the largest common law jurisdiction in the Eurozone that speaks the English language. Thanks to this, Ireland can offer a base for many different fund structures that other countries would be ineligible to do.

What are some of the best Irish funds?

Many funds are now based in Ireland, offering an investment option to many different investor types. However, one of the most consistent and cost-effective funds domiciled in Ireland is the iShares MSCI UK IMI ESG Leaders UCITS ETF.

What is an Irish UCITS fund?

UCITS is a regulatory framework that allows funds to be regulated and offered to investors worldwide. If a fund meets UCITS standards, it does not need to comply with regulation from individual countries within Europe. An Irish UCITS fund is a fund domiciled in Ireland accepted under the UCITS framework and is therefore deemed a safe and reliable asset.

How do I invest in an Irish fund?

There are two ways to invest in an Irish fund – firstly, you could invest directly with the fund provider. Alternatively, you could invest with an FCA-regulated broker such as eToro or Fineco. The latter option is usually more cost-effective and requires a smaller initial investment.

Connor Brooke

About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.

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