(This is basically out of curiosity)
So, DeGiro have a feature which shows you what the most popular stocks and ETFs on their platform in Ireland are (based on number of people holding them, I think). I was surprised to see that the _most_ popular ETF in Ireland (on DeGiro) was a distributing S&P500 one. My understanding was that the tax regime made distributing ETFs particularly unappealing; they're subject to the same tax as accumulating ones despite not benefiting from gross roll-up.
Am I missing something here? Why would anyone buy a distributing ETF (or at least a normal boring index fund one; it might be more attractive is wrapping very dividend-heavy stocks) over an accumulating one in Ireland?
So, DeGiro have a feature which shows you what the most popular stocks and ETFs on their platform in Ireland are (based on number of people holding them, I think). I was surprised to see that the _most_ popular ETF in Ireland (on DeGiro) was a distributing S&P500 one. My understanding was that the tax regime made distributing ETFs particularly unappealing; they're subject to the same tax as accumulating ones despite not benefiting from gross roll-up.
Am I missing something here? Why would anyone buy a distributing ETF (or at least a normal boring index fund one; it might be more attractive is wrapping very dividend-heavy stocks) over an accumulating one in Ireland?