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PRESS
RELEASE
11/20/2006
The
New Ireland Fund Quarterly Portfolio Update
Boston, November 20,
2006 (PR Newswire etc) - The New Ireland Fund, Inc. today released
its Quarterly portfolio update as of October 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 October 31,2006 |
%
of Fund |
| Construction and
Building Materials |
29.31 |
| Financial |
19.82 |
| Food and Beverages |
15.25 |
| Other Assets |
7.71 |
| Business Services
|
5.54 |
| Transportation |
5.45 |
| Healthcare Services |
5.36 |
| Diversified Financial
Services |
4.04 |
| Food
and Agriculture |
4.04 |
| Publishing &
News |
3.48 |
| Top
10 Holdings as of October 31, 2006 |
Sector |
%
of Fund |
| Allied
Irish Banks PLC |
Financial |
15.89% |
| CRH
PLC |
Construction
and Building Materials |
15.31% |
| Kerry
Group PLC, Series A |
Food
and Beverages |
6.95% |
| C&C Group |
Food and Beverages |
6.59% |
| Kingspan
Group PLC |
Construction
and Building Materials |
6.35% |
| Grafton
GRP PLC-UTS |
Construction
and Building Materials |
5.60% |
| Ryanair Holdings
PLC |
Transportation |
4.86% |
| DCC
PLC |
Business
Services |
4.37% |
| IAWA Group PLC |
Food and Beverages |
4.04% |
| Irish
Life & Permanent PLC |
Diversified
Financial Services |
4.04% |
| Total Net
Assets: |
US $129,162,143 |
| Net Asset
Value: |
$ 32.55 |
| Market
Price: |
$ 30.65 |
| Prem/(Disc): |
(5.84)% |
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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