Lá Fhéile Pádraig

Once again visiting all things Irish, we give you today the New Ireland Fund (IRL). Since I could not find any direct ETF that invests in the "Celtic Tiger" I looked for a proxy and chose the IRL as it is a non-diversified, closed-end fund that invests at least 65% of its total assets in equity securities of Irish companies. The balance of its assets are invested in fixed-income securities or equity securities of companies domiciled outside Ireland that are likely to be affected by Ireland's international economic relations.

IRL is up over 8% in 2006. Not a recommendation to buy! We do not own this &
we have not researched the investment merits of this fund.

Sláinte!