|Bid||44.81 x 1800|
|Ask||44.93 x 900|
|Day's Range||44.82 - 45.00|
|52 Week Range||38.68 - 46.89|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-2.54%|
|Beta (5Y Monthly)||0.90|
|Expense Ratio (net)||0.49%|
The Ireland country-specific ETF slipped Monday after a general election win for a left-wing party that called for an increased government role in the economy. The iShares MSCI Ireland ETF (NYSEArca: EIRL) ...
An exchange-traded fund that tracks shares of Irish companies declined on Monday morning after general election results perceived as less investor-friendly. The iShares MSCI Ireland ETF was down about 1.4% in midmorning trading, steeper than the 1% decline Monday for Ireland's benchmark ISEQ All-Share index. That adds to year-to-date losses of 5.5%, according to FactSet data. The fund, which has 26 holdings, tracks the MSCI All Ireland Capped Index. On Saturday, the left-wing nationalist party Sinn Fein won about one-quarter of the vote, muddying prospects for a dominant party in power. Sinn Fein also campaigned on increasing government regulation over the private sector.
With the likelihood of a no-deal Brexit waning, the Irish market and the related ETF are strengthening as investors no longer fear an economic fallout with one of the country's biggest trading partners. The iShares MSCI Ireland ETF (EIRL) has jumped 12.1% over the past three months as the United Kingdom hashes out its troubled divorce with the European Union. Martin Beck, lead economist at Oxford, argued that the odds of Ireland facing a hard Brexit are dwindling.