 The
iShares MSCI Ireland ETF (EIRL) is an exchange-traded fund that seeks
to track the investment results of an index composed of Irish
equities. The fund provides exposure to the Irish economy, which is
known for its strong pharmaceutical and technology sectors. It is
managed by BlackRock Fund Advisors and was launched on May 5, 2010.
As of March 23, 2023, the fund has total net assets of around $80
million and invests in 24 holdings, with the top three sectors being
information technology, healthcare, and materials. The top holdings of
the fund include major Irish companies such as CRH PLC, Kerry Group
PLC, and Ryanair Holdings PLC.
The EIRL ETF has a relatively
low expense ratio of 0.50%, making it an affordable option for
investors looking to gain exposure to the Irish equity market.
However, it should be noted that the fund is not very liquid, with an
average daily trading volume of around 5,000 shares.
Investors
considering the EIRL ETF should carefully evaluate their investment
objectives, risk tolerance, and overall portfolio diversification
strategy. It is also important to conduct thorough research on the
Irish equity market and the individual companies in which the fund
invests before making an investment decision.
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