N Nial P. Registered User Messages 2 26 Jun 2023 #1 Are Money Market Funds available for investors in Ireland ? Nial D.
C Clonback Registered User Messages 453 26 Jun 2023 #2 Yes through a broker but returns c. 2.5% with fees c.1%
N Nial P. Registered User Messages 2 27 Jun 2023 #3 Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds . Anyway , many thanks
Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds . Anyway , many thanks
L Lightning Registered User Messages 5,607 3 Aug 2023 #4 Nial P. said: Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds . Anyway , many thanks Click to expand... 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%. Last edited: 5 Aug 2023
Nial P. said: Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds . Anyway , many thanks Click to expand... 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%.
L Lightning Registered User Messages 5,607 3 Aug 2023 #5 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.
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.
L Lisboa Registered User Messages 159 5 Aug 2023 #6 Nial P. said: Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds . Anyway , many thanks Click to expand... Depends on what exactly you are looking for. Euro or Dollar. ETF or Mutual fund. Lightning said: Some great analysis of all the options here: https://www.reddit.com/r/interactivebrokers/comments/14z9h7o/euro_money_market_funds/ Click to expand... Another good analysis here too: https://www.reddit.com/r/eupersonal..._is_nearly_no_one_talking_about_money_market/
Nial P. said: Not easy to get info on specific funds online . For example unable to view JP Morgan Money Market Funds . Anyway , many thanks Click to expand... Depends on what exactly you are looking for. Euro or Dollar. ETF or Mutual fund. Lightning said: Some great analysis of all the options here: https://www.reddit.com/r/interactivebrokers/comments/14z9h7o/euro_money_market_funds/ Click to expand... Another good analysis here too: https://www.reddit.com/r/eupersonal..._is_nearly_no_one_talking_about_money_market/