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ISEQ® 20 ETF - 20 leading Irish stocks in a single share

Exchange Traded Funds (ETFs) give investors an exposure to equity markets efficiently and cost effectively, and as a result have experienced exceptional growth in assets under management over the last number of years.

Now, NCB is pleased to announce the launch the first Irish ETF, the ISEQ® 20 ETF, an ETF that tracks 20 leading Irish quoted companies.

The investment objective of the ISEQ® 20 ETF is to replicate the performance of the Irish Stock Exchange’s ISEQ® 20 Index (the “Index”). The new Index comprises twenty of the most liquid and largest market capitalisation securities listed on the Irish Stock Exchange

How Does the ISEQ® 20 ETF Work ?

  • The ISEQ® 20 ETF is a quoted share and trades just like any other share on the Irish Stock Exchange.
  • By buying the ISEQ® 20 ETF you in effect get an entire index in a single share.
  • You can buy or sell ISEQ® 20 ETF shares through NCB.
  • Normal settlement through Crest in dematerialised form only.
  • The ISEQ® 20 ETF will replicate the performance of the Irish Stock Exchange’s ISEQ® 20 Index by buying the constituent shares of the Index in their correct weightings.

Key Details

Base Currency Euro
Primary Market Irish Stock Exchange
Total Expense Ratio (TER) 75 bps
Dealing Shares will be traded on the Irish Stock Exchange's electronic trading platform, ISE Xetra
Structure Open ended investment company, domiciled in Dublin, UCITS compliant and approved by IFSRA
Dividends Dividends will be paid on a semi-annual basis following the end of the relevant reporting periods which will be June and December
Net Asset Value (NAV) The NAV per Share will be calculated and published daily on the next business day including on the Irish Stock Exchange's website (www.ise.ie)
Indicative NAV (iNAV) The iNAV will be published throughout the trading day
Stamp Duty Investors will not normally pay stamp duty in Ireland when trading ETFs but, as with other investments, there may be stamp duty, which is currently 1%, on the underlying securities. Investors should seek individual tax advice prior to investing
Promoter NCB Stockbrokers Limited
Manager NCB Investment Services Limited
Custodian Investors Trust & Custodial Services (Ireland) Limited
Administrator Investors Trust Ireland
Investment Manager Bank of Ireland Asset Management Limited
Registrar and Transfer Agent Computershare Investor Services (Ireland) Limited
Authorised Participant Susquehanna International Securities Limited
Auditors Pricewaterhouse Coopers
Legal Advisors William Fry Solicitors
ISIN IE00B03TF647
SEDOL B03TF64
ISE Xetra Mnemonic IETF