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PRESS
RELEASE
05/17/2007
The
New Ireland Fund Quarterly Portfolio Update
Boston, May 17th, 2007
(PR Newswire etc) - The New Ireland Fund, Inc. today released its
Quarterly portfolio update as of April 30, 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 April 30,2007 |
%
of Fund |
| Construction and
Building Materials |
30.17% |
| Financial |
18.59% |
| Food and Beverages |
11.46% |
| Other Assets |
10.01% |
| Transportation |
6.77% |
| Business Services
|
5.78% |
| Healthcare Services |
4.74% |
| Diversified Financial
Services |
4.72% |
| Food
and Agriculture |
3.95% |
| Publishing &
News |
3.81% |
| Top
10 Holdings as of April 30,2007 |
Sector |
%
of Fund |
| CRH
PLC |
Construction
and Building Materials |
16.51% |
| Allied
Irish Banks PLC |
Financial |
14.92% |
| Kerry
Group PLC, Series A |
Food
and Beverages |
6.24% |
| Ryanair Holdings
PLC |
Transportation |
6.17% |
| Kingspan
Group PLC |
Construction
and Building Materials |
6.15% |
| Grafton
GRP PLC UTS |
Construction
and Building Materials |
5.37% |
| C&C Group |
Food and Beverages |
4.45% |
| IAWS Group PLC |
Food and Agriculture |
3.95% |
| DCC
PLC |
Business
Services |
3.90% |
| Independent
News & Media PLC |
Publishing
& News |
3.81% |
| Total Net
Assets: |
US $174,507,448 |
| Net Asset
Value: |
$ 36.09 |
| Market
Price: |
$ 35.97 |
| Prem/(Disc): |
(0.33)% |
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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