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PRESS
RELEASE
11/18/2005
The
New Ireland Fund Quarterly Portfolio Update
Boston, November
18, 2005 - The New Ireland Fund, Inc. today released its
Quarterly portfolio update as of October 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 October 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 October 31, 2005 |
Sector |
%
of Fund |
| Allied
Irish Banks PLC |
Financial |
16.88 |
| CRH
PLC |
Construction
and Building Materials |
13.43 |
| Kerry
Group PLC, Series A |
Food
and Beverages |
8.85 |
| Kingspan
Group PLC |
Construction
and Building Materials |
6.92 |
| FBD Holdings PLC |
Financial |
5.21 |
| Ryanair Holdings
PLC |
Transportation |
4.95 |
| DCC
PLC |
Business
Services |
4.11 |
| United
Drug PLC |
Health
Care Services |
3.99 |
| Irish
Life & Permanent PLC |
Diversified
Financial Services |
3.97 |
| Grafton
GRP PLC-UTS |
Construction
and Building Materials |
3.73 |
| Total Net
Assets: |
US $110,159,273 |
| Net Asset
Value: |
$ 24.35 |
| Market
Price: |
$ 21.95 |
| Prem/(Disc): |
(9.86)% |
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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