ETF Trends
ETF Trends

As most of the press regarding the European Union has lately been focused on Greece and Portugal, there is a unique exchange traded fund that grants exposure to Ireland’s equity market that has caught our attention.

The iShares MSCI Ireland (NYSEArca: EIRL) is the only “pure play” equity ETF that invests in public equities as listed on Ireland’s domestic stock exchanges.

EIRL has underperformed iShares S&P Europe 350 (NYSEArca: IEV) in the trailing one year period, up 10.49% versus IEV up 22.21%, but has displayed relative outperformance recently and year to date, up 8.21% versus IEV up 5.62%.

Recently EIRL surged above its 50-day moving average only to retrace somewhat below the $22.50 level.

Currently, top holdings in EIRL are CRG, KRZ, DRX, Smurtit Kappa Group, and DCC.

iShares MSCI Ireland

Chart source: StockCharts.com.

Editor’s note: For more information on Street One ETF research, contact pweisbruch@streetonefinancial.com.