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EU Statement Aims at Curbing Irish Debt Fears: Watch EIRL ETF on Friday

By Market News Video Staff, Friday, November 12, 9:14 AM ET

Leaders from the European Union countries France, Germany, Spain, Italy and the U.K. issued a statement today explaining how proposals being considered there regarding debt would not apply to current instruments.

The statement was intended to quell worries by holders of Irish government bonds that their holdings would be required to take writedowns under the proposal.

Ireland’s finance ministers praised the statement today.

Keep an eye on the iShares MSCI Ireland Capped Investable Market Index Fund (AMEX:EIRL) today.

Top stock CRH (NYSE:CRH) trades in New York as well as overseas, and its 22.69% of the fund. Bank of Ireland (NYSE:IRE) is the third largest stock in the fund, at 6.36% of the portfolio, and pharma company Elan (NYSE:ELN) is the fourth-largest holding, at 5.14% of the fund.

Discount airline Ryanair (NASDAQ:RYAAY) is 4.42% of the portfolio.

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


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This Article's Word Cloud:   AMEX   Bank   Capped   Discount   EIRL   European   France   Fund   Index   Investable   Ireland   Irish   Italy   Keep   Leaders   MSCI   NYSE   Ryanair   Spain   York   airline   apply   bonds   company   considered   countries   debt   explaining   fourth   fund   government   holdings   instruments   intended   issued   largest   ministers   portfolio   praised   proposal   required   statement   stock   there   third   today   trades   under   would   writedowns
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EU Statement Aims at Curbing Irish Debt Fears: Watch EIRL ETF on Friday | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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