Investment Trusts - are there Irish ones?

A

AlastairSC

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Came across this article on Investment Trusts on the Motley Fool site last week. This is the final paragraph:

One reason for the lower costs is that investment trusts are not allowed to advertise, which saves them money. On top of this, because they are closed-end funds, they don't have to deal with money coming into and leaving the fund that open-ended funds have to deal with. Overall, given their lower costs, here at the Fool we'd generally prefer investment trusts over their unit trust and OEIC cousins

Don't really want to be dealing with exchange risks with Sterling - anyone know if there are Irish-based ITs?
 
dont think so - we have unit trusts here. Lots of people vote for Quinn Life funds as they have the cheapest charges.
 
There used to be a UK quoted First Ireland investment trust which invested in Irish shares. It seems to be gone now.

It would not have represented a currency risk as it was buying Irish shares.

Brendan
 
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