|
PRESS
RELEASE
02/23/2006
The
New Ireland Fund Quarterly Portfolio Update
Boston, , February
23, 2006- The New Ireland Fund, Inc. today released its
Quarterly portfolio update as of January 31, 2006.
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 31,2006 |
%
of Fund |
| Construction and
Building Materials |
30.24 |
| Financial |
20.84 |
| Food and Beverages |
14.15 |
| Other Assets |
7.35 |
| Health Care Services |
6.42 |
| Transportation |
5.11 |
| Business Services
|
4.62 |
| Diversified Financial
Services |
4.43 |
| Publishing &
News |
4.26 |
| Food
and Agriculture |
3.09 |
| Top
10 Holdings as of January 31, 2006 |
Sector |
%
of Fund |
| Allied
Irish Banks PLC |
Financial |
16.56% |
| CRH
PLC |
Construction
and Building Materials |
15.35% |
| Kerry
Group PLC, Series A |
Food
and Beverages |
8.51% |
| Kingspan
Group PLC |
Construction
and Building Materials |
7.62% |
| Ryanair Holdings
PLC |
Transportation |
5.10% |
| Grafton
GRP PLC-UTS |
Construction
and Building Materials |
4.95% |
| DCC
PLC |
Business
Services |
4.62% |
| Irish
Life & Permanent PLC |
Diversified
Financial Services |
4.42% |
| FBD
Holdings PLC |
Financial |
4.28% |
| Independent News
& Media PLC |
Publishing
and News |
4.26% |
| Total Net
Assets: |
US $119,540,820 |
| Net Asset
Value: |
$ 25.46 |
| Market
Price: |
$ 22.98 |
| Prem/(Disc): |
(9.74)% |
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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