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PRESS
RELEASE
08/17/2006
The
New Ireland Fund Quarterly Portfolio Update
Boston, August 17,
2006 - The New Ireland Fund, Inc. today released its Quarterly portfolio
update as of July 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 July 31,2006 |
%
of Fund |
| Construction and
Building Materials |
30.34 |
| Financial |
20.74 |
| Food and Beverages |
13.52 |
| Health Care Services |
7.03 |
| Other Assets |
7.01 |
| Transportation |
5.00 |
| Business Services
|
4.53 |
| Diversified Financial
Services |
4.43 |
| Food
and Agriculture |
3.81 |
| Publishing &
News |
3.59 |
| Top
10 Holdings as of July 31, 2006 |
Sector |
%
of Fund |
| Allied
Irish Banks PLC |
Financial |
16.48% |
| CRH
PLC |
Construction
and Building Materials |
14.75% |
| Kingspan
Group PLC |
Construction
and Building Materials |
8.52% |
| Kerry
Group PLC, Series A |
Food
and Beverages |
6.78% |
| Ryanair Holdings
PLC |
Transportation |
5.00% |
| Grafton
GRP PLC-UTS |
Construction
and Building Materials |
4.97% |
| C&C Group |
Food and Beverages |
4.85% |
| DCC
PLC |
Business
Services |
4.53% |
| Irish
Life & Permanent PLC |
Diversified
Financial Services |
4.43% |
| FBD
Holdings PLC |
Financial |
4.26% |
| Total Net
Assets: |
US $129,162,143 |
| Net Asset
Value: |
$ 27.83 |
| Market
Price: |
$ 25.35 |
| Prem/(Disc): |
(8.91)% |
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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