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ISEQ® 20 ETF - 20 leading Irish stocks in a single share
Exchange Traded Funds (ETFs) give investors an exposure to equity markets efficiently and cost effectively, and as a result have experienced exceptional growth in assets under management over the last number of years.
Now, NCB is pleased to announce the launch the first Irish ETF, the ISEQ® 20 ETF, an ETF that tracks 20 leading Irish quoted companies.
The investment objective of the ISEQ® 20 ETF is to replicate the performance of the Irish Stock Exchange’s ISEQ® 20 Index (the “Index”). The new Index comprises twenty of the most liquid and largest market capitalisation securities listed on the Irish Stock Exchange
How Does the ISEQ® 20 ETF Work ?
- The ISEQ® 20 ETF is a quoted share and trades just like any other share on the Irish Stock Exchange.
- By buying the ISEQ® 20 ETF you in effect get an entire index in a single share.
- You can buy or sell ISEQ® 20 ETF shares through NCB.
- Normal settlement through Crest in dematerialised form only.
- The ISEQ® 20 ETF will replicate the performance of the Irish Stock Exchange’s ISEQ® 20 Index by buying the constituent shares of the Index in their correct weightings.
Key Details
| Base Currency | Euro |
| Primary Market | Irish Stock Exchange |
| Dealing | Shares will be traded on the Irish Stock Exchange's electronic trading platform, ISE Xetra |
| Structure | Open ended investment company, domiciled in Dublin, UCITS compliant and approved by IFSRA |
| Dividends | Dividends will be paid on a semi-annual basis following the end of the relevant reporting periods which will be June and December |
| Net Asset Value (NAV) | The NAV per Share will be calculated and published daily on the next business day including on the Irish Stock Exchange's website (www.ise.ie) |
| Indicative NAV (iNAV) | The iNAV will be published throughout the trading day |
| Stamp Duty | Investors will not normally pay stamp duty in Ireland when trading ETFs but, as with other investments, there may be stamp duty, which is currently 1%, on the underlying securities. Investors should seek individual tax advice prior to investing |
| Promoter | NCB Stockbrokers Limited |
| Manager | NCB Investment Services Limited |
| Custodian | Investors Trust & Custodial Services (Ireland) Limited |
| Administrator | Investors Trust Ireland |
| Investment Manager | Bank of Ireland Asset Management Limited |
| Registrar and Transfer Agent | Computershare Investor Services (Ireland) Limited |
| Authorised Participant | Susquehanna International Securities Limited |
| Auditors | Pricewaterhouse Coopers |
| Legal Advisors | William Fry Solicitors |
| ISIN | IE00B03TF647 |
| SEDOL | B03TF64 |
| ISE Xetra Mnemonic | IETF |
