|
PRESS
RELEASE
02/25/2005
The
New Ireland Fund Quarterly Portfolio Update
Boston,
Februaury 25, 2005 - The New Ireland Fund, Inc. today released
its Quarterly portfolio update as of January 31, 2005.
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, 2005 |
% of
Fund |
| Construction
and Building Materials |
23.88 |
| Financial |
21.19 |
| Food and
Beverages |
13.75 |
| Leisure
and Hotels |
7.53 |
| Health
Care Services |
7.12 |
| Business
Services |
4.90 |
| Transportation |
4.75 |
| Food
and Agriculture |
4.14 |
| Diversified
Financial Services |
3.95 |
| Top
10 Holdings as of January 31, 2005 |
Sector |
% of
Fund |
| Allied
Irish Banks PLC |
Financial |
16.27 |
| CRH
PLC |
Construction
and Building Materials |
11.89 |
| Kerry
Group PLC, Series A |
Food
and Beverages |
10.74 |
| Kingspan
Group PLC |
Construction
and Building Materials |
5.88 |
| FBD Holdings
PLC |
Financial |
4.92 |
| DCC
PLC |
Business
Services |
4.90 |
| United
Drug PLC |
Health
Care Services |
4.88 |
| Jury's
Doyle Hotel Group PLC |
Leisure
and Hotels |
4.78 |
| Ryanair
Holdings PLC |
Transportation |
4.75 |
| Grafton
Group PLC-UTS |
Construction
and Building Materials |
4.53 |
| Total Net
Assets: |
US $112,471,384 |
| Net Asset
Value: |
$ 23.99 |
| Market
Price: |
$ 20.92 |
| Prem/(Disc): |
(12.80%) |
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
|
