EIRL ETF

EIRL, which is not a pure-play Irish ETF and prone to plenty of churn, has lagged Eurozone stocks over the past year. Ireland's GDP growth in 2025 could benefit from a weak base effect, but tax repatriation risks and rising inflation are concerns. EIRL's valuations are cheap due to an underwhelming earnings outlook, while the dividend yield is not compelling enough despite stellar distributions last year.

Dan Malone discusses investing in Ireland, the ETF capital of Europe. Big belief in passive investing and index funds.

Earlier this year, the Visual Capitalist published an infographic highlighting the global growth forecast from the International Monetary Fund (IMF) for various countries worldwide in 2023. If you use country ETFs for tactical asset allocation, I have no doubt you'd be interested in this information.

Irish GDP could slow relative to FY22 but will still be better than most other options across the Eurozone. EIRL is susceptible to idiosyncratic risk. We close with some thoughts on the technicals and the valuations.

Europe investing has outperformed the United States in the initial phase of 2023. Cheaper valuation, upbeat corporate earnings, a more resilient economy and still-lower interest rates in Europe than United States have led to the rally.