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PRESS
RELEASE
02/16/2007
The
New Ireland Fund Quarterly Portfolio Update
Boston, February 16th, 2007 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Quarterly portfolio update as of January 31, 2007.
Investment Objective; The New Ireland Fund, Inc., (N.Y.S.E. - IRL) a closed-end diversified investment company, seeks long-term capital appreciation through investment of at least 80% of its assets in a portfolio of Irish securities.
| Sector
Breakdown as of January 31,2007 |
%
of Fund |
| Construction and
Building Materials |
30.66 |
| Financial |
19.35 |
| Food and Beverages |
13.84 |
| Other Assets |
6.82 |
| Business Services
|
5.50 |
| Transportation |
6.37 |
| Healthcare Services |
5.55 |
| Diversified Financial
Services |
4.19 |
| Food
and Agriculture |
4.19 |
| Publishing &
News |
3.53 |
| Top
10 Holdings as of January 31,2007 |
Sector |
%
of Fund |
| CRH
PLC |
Construction
and Building Materials |
15.89% |
| Allied
Irish Banks PLC |
Financial |
15.31% |
| Kerry
Group PLC, Series A |
Food
and Beverages |
6.95% |
| Kingspan
Group PLC |
Construction
and Building Materials |
6.59% |
| Ryanair Holdings
PLC |
Transportation |
6.35% |
| C&C Group |
Food and Beverages |
5.60% |
| Grafton
GRP PLC-UTS |
Construction
and Building Materials |
4.86% |
| IAWS Group PLC |
Food and Agriculture |
4.37% |
| Irish
Life & Permanent PLC |
Diversified
Financial Services |
4.04% |
| DCC
PLC |
Business
Services |
4.04% |
| Total Net
Assets: |
US $158,409,585 |
| Net Asset
Value: |
$ 32.76 |
| Market
Price: |
$ 33.26 |
| Prem/(Disc): |
1.53% |
The
New Ireland Fund Inc. is managed by Bank of Ireland Asset Management
(U.S.) Limited, an indirect wholly owned subsidiary of Bank of Ireland
Group.
Website:
newirelandfund.com
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