The $163.3 million EIRL holds 24 stocks with the materials and consumer staples sectors combining for half the ETF’s weight. The ETF is top heavy as CRH Plc occupies almost 21% of EIRL’s weight on its own. EIRL’s top five holdings combine for over 54% of the fund’s weight.
“Ireland’s performance over the past four years stands in stark contrast to its peripheral peers in the euro zone. Portuguese stocks are down about 12 percent, equities in Italy are up 32 percent, and Spain’s are up 15 percent. Unsurprisingly, debt-ridden Greece has been the worst performer, down 33 percent since the debt crisis,” according to Bloomberg.
iShares MSCI Ireland Capped ETF