Money Market Funds Yielding 3.605%

[Nial P.]

Are Money Market Funds available for investors in Ireland ?
Nial D.

 

[Clonback]

Yes through a broker but returns c. 2.5% with fees c.1%

 

[Nial P.]

Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds .
Anyway , many thanks

 

[Lightning]

Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds .
Anyway , many thanks

Just ETF is good for information - https://www.justetf.com/en/

The KID for the fund is always a good source too.

Some great analysis of many options here: https://www.reddit.com/r/interactivebrokers/comments/14z9h7o/euro_money_market_funds/

There are better options that the JPM option. You can get the TER down to 0.05%.

 

[Lightning]

Money market funds that track the Euro Short Term rate are now yielding 3.655% less the TER.

Some MMF charge a TER as low as 0.05%, so a yield after fees of about 3.605%.

An instant access deposit account would need to be paying about 3.312% to match that when you factor in 41% tax.

No fees to purchase with certain ETF's when done with a broker such as Trading212.

 

[Lisboa]

Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds .
Anyway , many thanks

Depends on what exactly you are looking for. Euro or Dollar. ETF or Mutual fund.

Some great analysis of all the options here: https://www.reddit.com/r/interactivebrokers/comments/14z9h7o/euro_money_market_funds/

Another good analysis here too:
https://www.reddit.com/r/eupersonal..._is_nearly_no_one_talking_about_money_market/