Ireland is home to top global corporations

Article Excerpt

Ireland was once known as “the Celtic Tiger” for the high economic growth rates it achieved between 1995 and 2007. However, the global financial crisis of 2008 to 2009 set the country back significantly. Growth only returned several years later. The economy suffered another big setback with the COVID-19 pandemic—Irish stocks have since soared to new highs. All in all, the country’s low corporate tax rates, duty-free access to the valuable European marketplace, and a well-educated workforce remain attractive to large, multinational corporations. Here’s an ETF that provides you with exposure to the top publicly listed Irish companies ISHARES MSCI IRELAND ETF $67.36 (New York symbol EIRL; TSINetwork ETF Rating: Aggressive; Market cap: $117.8 million) tracks the performance of the largest companies listed in Ireland. Consumer Discretionary stocks account for 31% of its assets, while Healthcare (24%), Consumer Staples (15%), and Financial Services (12%) are other key segments. The ETF holds a portfolio of 24 stocks; the top 10 holdings make up a considerable 76% of the…