Irish Funds Member Update

Irish Funds Member Update – Spring 2020

Covid-19 update – impacts on the activities of the association

We have been closely monitoring the advice and developments relating to the spread of the Coronavirus Covid-19. The situation is fluid and rapidly changing so we will keep very open channels of communication over the coming days and weeks. We have published an update outlining the effects recent developments will have on association activities. Get more information on:

• Member support, contacts and our office arrangements

• Steering / Working Group meetings – teleconferencing

• Advocacy and regulatory work impacts

• Events updates

View the full update.

Members Annual Dinner Update - Rescheduled to Thursday, 25 June

Due to the ongoing Covid-19 restrictions, we have rescheduled the Annual Dinner for Thursday, 25 June. All existing bookings remain valid for this new date. We will continue to monitor the revised date and will be following all official guidance and advice regarding holding events. if you have any queries, about your booking, please contact the Irish Funds team at events@irishfunds.ie.

Our members

A warm welcome to our most recent new or upgraded members: Algebris, Baring International Fund Managers Ireland, Coronation, Franklin Templeton, Harbourvest Partners, HSBC Global Asset Management and TD Asset Management.

We now represent more than 145 member companies from across the funds industry and appreciate your continuing support.

Membership breakdown

Year-end data released by Central Bank of Ireland

CBI end of year data for 2019 has shown that assets in Irish domiciled funds increased 26% in 2019 to €3.05 trillion. This brings the total funds administered in Ireland to €5.22 trillion. Ireland was the fastest growing large European domicile in 2019 (Ireland NAV +26%; Europe avg +17%).

Total net sales into Irish funds for 2019 were €283bn; total net sales into all European funds for 2019 was €532bn (Ireland accounted for 53% of the total). ETFs in Ireland accounted for more than 60% of or European ETF assets and recorded the majority of net sales into ETFs in Europe. View the latest Facts & Figures.

Funds industry education and careers

Accredited Funds Professional Designation - Employees working in Ireland’s investment funds sector can now demonstrate and maintain competence and professionalism through the new Accredited Funds Professional designation developed by The Institute of Banking (IoB) in collaboration with Irish Funds, Ireland for Finance and IDA Ireland. Accredited Funds Professional creates an industry standard for recognising consistency and professionalism in the funds industry.

Support for the designation will distinguish Ireland’s investment funds industry amongst its global peers and differentiate Ireland as a leading fund services jurisdiction and sustain Ireland’s world ranking for its people talent. For employees, the Accredited Funds Professional demonstrates funds expertise, client focus and professionalism and a recognition of commitment to lifelong learning. For employers, it ensures a standard of excellence for employees in their organisation. Read Martina Kelly’s (IoB) full newsletter article.

Funds Industry Career Profiles Series 2 – Our Career Profiles Series 2 is now live, with a focus on the regional spread of the sector. We are currently doing a regional spotlight and have published two profiles, with a third coming next week. View our Funds Industry Career Profiles.

Sustainathon 2020

In February Irish Funds and Grant Thornton kicked off the Sustainathon 2020 challenge with 130 entrants from 45+ firms and 8 colleges. Team members met each other, engaged in team building exercises and were given further details on the submission framework and assessment criteria. There are 20 teams in total focusing on empowerment, innovation, policy, process and technology. Find out more about the Grant Thornton Irish Funds Sustainathon 2020: https://www.grantthornton.ie/grant-thornton-irish-funds-sustainathon/.

Due to the disruption during the past weeks and the new working environment, the deadline for submitting entries has been extended by two weeks from 17 April to 1 May.

New and Updated Irish Funds Publications

The Irish Funds Why Ireland Brochure – both the USD version and Euro version have now been updated and are available on our website and member portal. In addition, we have made available on the public website our suite of 10+ country distribution guides, with three more guides to be published in the coming weeks (Austria, Canada and South Africa).

View all our brochures and guides.