|
PRESS
RELEASE
11/18/2004
The
New Ireland Fund Quarterly Portfolio Update
Boston,
November 18, 2004 - The New Ireland Fund, Inc. today released
its Quarterly portfolio update as of October 31, 2004.
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 October 31, 2004 |
% of
Fund |
| Construction
and Building Materials |
21.47 |
| Financial |
20.58 |
| Food and
Beverages |
14.46 |
| Health
Care Services |
7.04 |
| Leisure
and Hotels |
6.73 |
| Business
Services |
5.07 |
| Diversified
Financial Services |
4.29 |
| Food and Agriculture |
3.57 |
| Transportation |
3.48 |
| Top
10 Holdings as of October 31, 2004 |
Sector |
% of
Fund |
| Allied
Irish Banks PLC |
Financial |
15.71 |
| CRH
PLC |
Construction
and Building Materials |
12.34 |
| Kerry
Group PLC, Series A |
Food
and Beverages |
11.78 |
| Kingspan Group PLC |
Construction and Building Materials |
5.44 |
| DCC
PLC |
Business
Services |
5.07 |
| FBD Holdings PLC |
Financial |
4.87 |
| United
Drug PLC |
Health
Care Services |
4.61 |
| Irish Life & Permanent PLC |
Diversified Financial Services |
4.28 |
| Jury's
Doyle Hotel Group PLC |
Leisure
and Hotels |
3.98 |
| Grafton Group PLC-UTS |
Construction and Building Materials |
3.70 |
| Total Net
Assets: |
US $97,253,268 |
| Net Asset
Value: |
$ 20.74 |
| Market
Price: |
$ 18.46 |
| Prem/(Disc): |
(10.99%) |
The New Ireland Fund is managed by Bank of Ireland Asset Management (U.S.) Limited, an indirect wholly owned subsidiary of Bank of Ireland Group.
Website:
newirelandfund.com
|
