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PRESS
RELEASE
08/17/2007
The
New Ireland Fund Quarterly Portfolio Update
Boston, August 17th, 2007 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Quarterly portfolio update as of July 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 July 31,2007 |
%
of Fund |
| Construction and
Building Materials |
27.99 |
| Financial |
21.26 |
| Other Assets |
9.76 |
| Food and Beverages |
9.39 |
| Transportation |
7.68 |
| Business Services
|
5.31 |
| Health Care Services |
5.21 |
| Food
and Agriculture |
5.19 |
| Diversified Financial
Services |
4.93 |
| Technology |
3.28 |
| Top
10 Holdings as of July 31,2007 |
Sector |
%
of Fund |
| CRH
PLC |
Construction
and Building Materials |
16.68% |
| Allied
Irish Banks PLC |
Financial |
14.46% |
| Kerry
Group PLC, Series A |
Food
and Beverages |
6.23% |
| Ryanair Holdings
PLC |
Transportation |
6.05% |
| Kingspan
Group PLC |
Construction
and Building Materials |
5.70% |
| Grafton
GRP PLC UTS |
Construction
and Building Materials |
5.61% |
| IAWS Group PLC |
Food and Agriculture |
5.19% |
| Irish Life &
Permanent PLC |
Diversified Financial
Services |
3.87% |
| DCC
PLC |
Business
Services |
3.85% |
| United
Drug PLC |
Health
Care Services |
3.02% |
| Total Net
Assets: |
US $155,850,444 |
| Net Asset
Value: |
$ 32.52 |
| Market
Price: |
$ 28.30 |
| Prem/(Disc): |
(12.98)% |
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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