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EIRL is ETF to Watch on Ireland Bailout

By Market News Video Staff, Monday, November 22, 9:09 AM ET

Ireland will receive a bailout from the European Union, to help it out from under the weight of massive debt. Finance ministers there will work on the terms of the bailout over the nest few weeks.

The EU wants to ensure stability in Ireland’s banking system, as well as prevent the debt crisis from spreading to the rest of the Eurozone.

British Finance Minister Brian Lenihan said the country would need less than 100 billion euros.

Watch the iShares MSCI Ireland Capped Investable Market Index Fund (AMEX:EIRL) today.

Top stocks in the fund, that are also listed in the U.S., include CRH (NYSE:CRH), which is 22.69% of the fund, and Bank of Ireland (NYSE:IRE), at 6.36% of the portfolio.

Elan (NYSE:ELN) is 5.14% of the fund, and Ryanair (NASDAQ:RYAAY) is 4.46%.

Find the right mix of model portfolios today at PortfolioChannel.com


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This Article's Word Cloud:   AMEX   Bank   Brian   Capped   EIRL   European   Eurozone   Finance   Fund   Investable   Ireland   MSCI   NYSE   Ryanair   Watch   also   bailout   banking   country   debt   ensure   euros   from   fund   include   less   listed   massive   ministers   need   nest   over   portfolio   prevent   receive   rest   spreading   stability   stocks   system   terms   there   today   under   wants   weeks   weight   will   work   would
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