whatsmoney
Registered User
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Hi
I think it is commonly agreed at this stage that Irish people should invest in non-UCITS ETFs, based in USA, for tax reasons. So, as it is recommended to buy ETFs domiciled in USA, the currency used to invest will be USD.
Considering a USA domiciled ETF that gives a USD investor protection against Euro/USD currency fluctuation. These are for US investors who want to invest in the Euro region, but want to protect against currency fluctuations. Would there be any benefits for an Irish investor investing in this?
I mean, is the currency hedging offered of any use, considering an Irish investor would be converting the eventual USD proceeds back to Euro after cashing it in, thus cancelling the 'hedging' out? (Possibly a dumb question)
And conversely, further to this point, consider an Irish investor who wants to invest in the US region, but also wants to hedge against the USD/Euro currency fluctuations.... do nonUCITS currency hedging ETFs, sold in Euro, but not domiciled in Ireland, exist?
Thanks!
I think it is commonly agreed at this stage that Irish people should invest in non-UCITS ETFs, based in USA, for tax reasons. So, as it is recommended to buy ETFs domiciled in USA, the currency used to invest will be USD.
Considering a USA domiciled ETF that gives a USD investor protection against Euro/USD currency fluctuation. These are for US investors who want to invest in the Euro region, but want to protect against currency fluctuations. Would there be any benefits for an Irish investor investing in this?
I mean, is the currency hedging offered of any use, considering an Irish investor would be converting the eventual USD proceeds back to Euro after cashing it in, thus cancelling the 'hedging' out? (Possibly a dumb question)
And conversely, further to this point, consider an Irish investor who wants to invest in the US region, but also wants to hedge against the USD/Euro currency fluctuations.... do nonUCITS currency hedging ETFs, sold in Euro, but not domiciled in Ireland, exist?
Thanks!