Sunday 17 November 2019

Ireland by far most popular European domicile for investment funds

Sarah McCabe

IRELAND is by far the most popular European domicile for investment funds, according new research.

The survey, commissioned by Dublin law firm Matheson, places Ireland far ahead of its nearest rivals, meaning the country is well-positioned to attract a growing share of jobs and investment from the global funds industry.

Some 71pc of asset managers surveyed said that they would now choose Ireland as one of their top three European fund domiciles, if starting over.

Germany and Luxembourg came jointly second, with 45pc of managers choosing each as a top three choice.

The UK came third, with 33pc of managers choosing it as a top three domicile.

“The value of Irish domiciled funds is currently €1.3tr and the funds industry accounts for over 12,000 jobs in Ireland” said Michael Jackson, head of Matheson’s Asset Management and Investment Funds group.

“Remarkable growth rates are now widely predicted for the global funds industry. If these materialise, Ireland is well positioned to attract a substantial share of that growth, along with the jobs linked to servicing those funds.”

“I am especially pleased to see the global nature of the preference for Ireland."

"We have long been aware that Ireland is the domicile of choice for US and UK managers, but it is particularly pleasing to see that Ireland is also now the clear favourite amongst managers in Western Europe along with growth areas such as Latin America and the Asia Pacific region. Indeed, Ireland leads across all regions surveyed” he said.

Online Editors

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