The New Ireland Fund, Inc. (NYSE:IRL)
CAPS Rating:
A Closed-end fund that has incorporated stocks from Irish Firms.
Growing the love for investing
A Closed-end fund that has incorporated stocks from Irish Firms.
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For those of you bad at geography, Ireland is part of the UK, you know, England. The same UK that has their share of subprime issues.
But yes, you are correct, for some reason Ireland is shielded from the rest of the world's financial woes. IRELAND. 5-star pick? Seriously? Get real. IRELAND. I think you guys are confusing Ireland with Dubai. No... it is not the same. Sorry.
You might want to dust of the old atlas again... This fund mainly holds companies based in the Republic of Ireland, which is NOT par of the UK.
lol. i see. still doesn't justify 5-stars.
Seriously. Its insulting to us Irish people to call us part of the UK. The REPUBLIC of Ireland is a separate nation and has been since the 1920s. We don't call Americans an English colony. Apart from this key fact, an investor also needs to consider the UK and Ireland separately for other economic reasons such as; Ireland uses the Euro, the UK uses their own pound. How about their very different corporate taxation policies? And so on and so forth.
What kind of eejit are you? Ireland is not part of the UK.
That said Ireland's problems are far more serious than the UK. The government has had to nationalize Anglo Irish Bank, making the taxpayers liable for $72 billion dollars of debt. Keep in mind the population of Ireland is less than 4 million people.
I am not sure Ireland can recover in the foreseeable future.