•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

Ireland is currently the third largest funds centre in the world with almost 6 percent of worldwide investment fund assets, totalling €3.9tn. As of September 2023, Irish domiciled funds, including sub-funds, reached 8,766, with Ireland being the leading European domicile of choice for both UCITS (78 percent of all Irish domiciled funds) and ETFs (representing 70 percent of the total European ETF market). In addition, Ireland provides a centre of excellence for the administration and servicing of funds located elsewhere with €5.4tn of total assets served.

Now in its tenth year and with record attendance, the Symposium highlighted the close industry ties between Ireland and the UK. Discussions focused on key trends and challenges and the evolving needs of investors, with an emphasis on ELTIF 2.0, AI, digitalisation, ESG investment and the increasingly important role of alternative investments in portfolio-led solutions.

Speaking at the event, Derville Rowland, Deputy Governor, Consumer and Investor Protection at the Central Bank of Ireland said: "the UK remains a critical part of the global and European financial system and as such, a vital part of European capital markets. Integration with the appropriate regulatory safeguards and cooperation will increase European businesses' access to international capital and further boost European growth, particularly in an increasingly complex, challenging and uncertain environment."

Pat Lardner, CEO of Irish Funds commented: "By continually developing our capabilities, innovating and adapting, the funds and asset management industry in Ireland is helping address the challenges facing investors and the wider society in which it operates. The rapid growth of ESG products, accounting now for 31% of all assets under management, is clear evidence of this. Additionally, the Irish Government's Funds Sector 2030 Review demonstrates its commitment to enhancing the sector's ability to meet the needs of global investors and the investment managers who look to Ireland as a trusted partner with a breadth of expertise and widening capability."