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PRESS
RELEASE
08/30/2005
The
New Ireland Fund Quarterly Portfolio Update
Boston, August
30, 2005 - The New Ireland Fund, Inc. today released its
Quarterly portfolio update as of July 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 July 31, 2005 |
%
of Fund |
| Construction and
Building Materials |
27.28 |
| Financial |
21.47 |
| Food and Beverages |
13.04 |
| Leisure and Hotels |
7.93 |
| Other Assets |
7.43 |
| Health Care Services |
6.38 |
| Business Services
|
4.56 |
| Transportation |
4.48 |
| Diversified Financial
Services |
3.80 |
| Food
and Agriculture |
3.63 |
| Top
10 Holdings as of July 31, 2005 |
Sector |
%
of Fund |
| Allied
Irish Banks PLC |
Financial |
16.67 |
| CRH
PLC |
Construction
and Building Materials |
14.22 |
| Kerry
Group PLC, Series A |
Food
and Beverages |
9.88 |
| Kingspan
Group PLC |
Construction
and Building Materials |
7.34 |
| Jury's
Doyle Hotel Group PLC |
Leisure
and Hotels |
4.83 |
| FBD Holdings PLC |
Financial |
4.80 |
| DCC
PLC |
Business
Services |
4.56 |
| Ryanair Holdings
PLC |
Transportation |
4.48 |
| Grafton
GRP PLC-UTS |
Construction
and Building Materials |
4.01 |
| United
Drug PLC |
Health
Care Services |
4.01 |
| Total Net
Assets: |
US $118,265,956 |
| Net Asset
Value: |
$ 25.72 |
| Market
Price: |
$ 22.20 |
| Prem/(Disc): |
(13.69)% |
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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