Click here to close now.




















Welcome!

News Feed Item

ETF Analyst of Zacks Investment Research Sweta Killa highlights: Looking for some green on St Patrick's Day? Consider this Ireland ETF

CHICAGO, March 17, 2014 /PRNewswire/ -- Securities in this article include: iShares MSCI Ireland Capped ETF (AMEX:EIRL-Free Report).

Zacks Investment Research, Inc., www.zacks.com

Buy the Ireland ETF for a Green Portfolio on St. Patrick's Day written by Sweta Killa of Zacks Investment Research:

Among the top performers in the European space is the Ireland ETF, which had returned a whopping 47% over the past one year and 12% in the year-to-date time fame. The surge came as global investors continued to pour money into the economy and the Euro zone saw a modest recovery.

The rising streak is like to continue with St. Patrick's Day just two trading sessions away. The holiday is mostly associated with parades, wearing green and drinking. Investors too can't miss the green in the equity markets on St. Patrick's Day which has a track record of pushing the stock markets higher. This is mostly because investors want more green in their portfolio and are in the mood to spend for some luck on St. Patrick's Day (see: all the European ETFs here).

Further, an improving economy, increasing consumer confidence, falling unemployment, reviving domestic demand and rising exports amid high public debt in Ireland, inject optimism into the Irish ETF.

Bright Outlook

The Irish economy has emerged a stronger nation among the PIIGS members and was the first Euro nation to exit from the bailout program smoothly last December (read: End of Bailout Puts Ireland ETF in Focus).

Recent consumer sentiment survey has been positive as the KBC Ireland/ESRI Consumer Sentiment Index rose to a seven-year high to 85.5 in February from 84.6 in January and 59.4 in the year-ago month. The manufacturing sector has also grown for the ninth consecutive month as depicted by the Investec's monthly Purchasing Managers' Index (PMI), which stood at 52.9 in February, slightly up from 52.8 in January.

Unemployment dropped to the lowest level in almost five years at 11.9% in February from 12% in January and 13.8% in the year-ago month. The strong data points to a huge turnaround in economic growth, raising investor confidence and improving job market.

The economy is expected to have grown 0.4% in the final quarter of 2013 and will likely see more robust growth this year. As per the European Commission, Irish GDP growth will likely expand 1.8% this year, well above the Euro zone growth prediction of 1.2% (read: 3 ETFs Crushing Eurozone Competition).

Moreover, Ireland is rated investment grade by all of the major credit rating agencies, citing the country's growth potential. Given encouraging trends, the Ireland ETF – iShares MSCI Ireland Capped ETF (AMEX:EIRL-Free Report) – is expected to outperform in the coming months and be in focus on the event of St. Patrick's Day.

EIRL in Focus

The fund tracks the MSCI All Ireland Capped Index and provides exposure to a small basket of 24 Irish stocks. The product is heavily concentrated on its top firm – CRH Plc – that alone accounts for more than one-fifth share in the basket while the next two firms – Kerry Group and Bank of Ireland – make up for double-digit exposure. Other firms hold less than 4.6% of assets.

From a sector look, materials and consumer staples take the top two spots at 25% each, followed by industrials (20.5%) and financials (14%). The ETF accumulated about $167 million in its asset base and sees pretty low volume of around 41,000 shares a day. It charges 48 bps in fees per year from investors and has a Zacks ETF Rank of 2 or 'Buy' rating (read: Euro Zone Recovery Puts Ireland ETF in Focus).

Bottom Line

Given the promising macro trends, investors should definitely try this Ireland ETF for some hidden luck. This fund is often considered a better choice than the other European funds to play the upcoming surge resulting from St. Patrick's Day and the bullish outlook of the economy.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

For the full article, please visit Zacks.com at:

http://www.zacks.com/stock/news/126463/buy-ireland-etf-for-a-green-portfolio-on-st-patricks-day

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros http://at.zacks.com/?id=113

Follow Eric on Twitter:  http://twitter.com/ericdutram

Join Zacks on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Eric Dutram

ETF Product Manager

Zacks Investment Research

www.zacks.com

[email protected]

312-265-9462

Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of I...
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.