IRL Forum Topics
- All Comments on IRL
- General Discussion on IRL
- ETF Pick of the Week: New Ireland Fund [view article]
- Energy Use Per GDP Unit by Country [view article]
- Single Country Europe ETFs and Closed-End Funds [view article]
- Investing in Non-U.S. Stock Markets [view article]
- If Not Now, When Mr. Bernanke? [view article]
- Ireland CEF Thrown Out With the Bathwater [view article]
- Foreign Exposure: Mutual Funds vs. EFA? Neither... [view article]
- Select Foreign Index ETFs As Defensive Assets: Anything Doing? [view article]
- Four Countries That Could Weather a U.S. Market Deterioration [view article]
- Evolution of ETFs Creates New Portfolio Possibilities (PBJ, DLS, AIB) [view article]
loading ...Recent IRL Articles
- ETF Pick of the Week: New Ireland Fund
- Emerging & Developed Markets Country Weights
- Energy Use Per GDP Unit by Country
- Single Country Europe ETFs and Closed-End Funds
- Investing in Non-U.S. Stock Markets
- Politics Affecting Ireland, Malaysia ETFs
- If Not Now, When Mr. Bernanke?
- Irish Banks Hit Hard
- Global Returns YTD: China Best, Ireland Worst
- Under The Hood Of The New Ireland Fund
- Full List of Articles »
ETF Pick of the Week: New Ireland Fund [view article]
Seems a little irresponsible to recommend IRL at this time even with the trailing tip. Grandma may want a bargain on her portfolio but she may expire before this stock recovers her investment. ReplyETF Pick of the Week: New Ireland Fund [view article]
Nothing wrong with buying when everybody else is selling ... But these charts just point to further decay ... (I made a similar mistake with FXI by the way ... I won't do that again... ) .. Ireland is too dependent on outside issues... We here in the US have not finalized our bottoming process with housing and financials, and Europe (Ireland in particular) has just begun this process ... Look at all the false bottoms we have had here in the US and project that onto Ireland.. Wait till the weekly stochastic turns up .. Or if you wish to be safer, wait till the MACD runs positive.... At very least wait until we get out of our mess, which might encourage the rest of the world to think that things are turning around ... Lets face it, there are only two real stories for the near future - Financials and commodities.. Ireland has no useful commodity ... But they do have big issues with Financials.Happy investing! jegan Reply
ETF Pick of the Week: New Ireland Fund [view article]
I'm with LarryH. Vic if you're talking long term you need to look at a monthly chart. little over 5 years ago it was trading in the $6 range! let the monthly technical indicators tell you when to get back in. ReplyETF Pick of the Week: New Ireland Fund [view article]
What the source for this: "Ireland's stock market is now the cheapest market in the world based on forward price earnings and price to book." ReplyETF Pick of the Week: New Ireland Fund [view article]
Irealnd is going to get worse before it gets better.The property market is going through an adjustment of Japanese proportions. Folks not only overpaid for houses, but they bought 2, 3, 4 or 10 houses, and rented them out. The only people in Ireland who pay rent are immigrants from Eastern Europe who work in construction. Now they're leaving, either returning to Poland or moving to London to work on the Olympics.
Ireland has very little domestic industry. Its biggest employers are US multi-nationals (Intel, Dell, Pfizer), all of whom are in some degree of distress. It's biggest growth industry in the past 10 years has been providing back office administration for financial services companies (not a great industry now). The Public Sector is massively bloated and has awarded itself huge pay and pension increases.
I could go on. The only Irish stock I own is Elan Pharmaceuticals (ELN). I believe some of Ireland's largest banks will go bust in the next 12 months, when the true scale of their lax lending practices comes to light. Reply
It
ETF Pick of the Week: New Ireland Fund [view article]
Fundamentally is Ireland a growth story like Brazil, China and probably Taiwan next? Do they have globally competitive industries, sound currency, fiscally conservative government and a young educated population with a storng work ethic? These type of variables drive long term growth.Maybe this is a great buying opportunity but I have not read much to convince me that Ireland has the complete package. Hope I'm wrong since we have Irish friends and family. Reply
ETF Pick of the Week: New Ireland Fund [view article]
I agree with your approach, buy when there is blood in the streets, etc., but that doesn't mean you have to buy when it is still going down. Let IRL find a bottom and build a base, and then it is a better buy when it has started an upward trend. ReplyETF Pick of the Week: New Ireland Fund [view article]
I'm a long-term holder of IRL. I'm definitely going to load up more at these recent prices. I do like the recommendation for an aggressive incremental buying approach at prices sub-$15.Being descended from a long line of Irish-Americans, IRL holds a special place in my heart. Recently, it has held a special place in my accounts with the pretty nice dividend. Reply
Energy Use Per GDP Unit by Country [view article]
Interesting analysis, and worthy of further investigation. Perhaps too simplistic to try and boil it down to ETF/CEF investing strategies. ReplyJackson
Single Country Europe ETFs and Closed-End Funds [view article]
Update: we just added to this list the new Northern Trust NETS ETFs covering The Netherlands and Belgium. ReplyInvesting in Non-U.S. Stock Markets [view article]
"theidiotperspect... (your handle, not my opinion)You are right. Those are emerging market ETFs for India. I just listed one for each country generally, but those are options available to investors. Reply
spective
Investing in Non-U.S. Stock Markets [view article]
India now have 3 ETF not in your list. EPI, PIN and i think another one almost out!Reply
Investing in Non-U.S. Stock Markets [view article]
Ed Morgan,I am aware of GAF and VTOPF and chose not to mention them for good reasons.
I will humor you with the refutation you request, with the understanding that I find your approach unnecessarily harsh. There is no reason to suggest that the author of an article lacks competency or subject matter knowledge, because some question you have was not answered by an article. You could have asked the question in helpful way without suggesting that you are informed and the author is uninformed. Seeking Alpha is not a contest, it is a community sharing ideas, not insults.
To your comment/question:
VTOPF (Vietnam Opportunity Fund) is not available on an exchange in the US. That was one of the criteria I mentioned in the article. It is a Pink Sheets company, and I never recommend or comment on Pink Sheets stocks. I never will recommend a Pink Sheets stock. They are OK for those who want to play in that arena. I do not.
The fund is available in London in a more liquid form, but that is not reasonably available to US retail investors. The management fee is 2% + 20% of return over 8% per year.
You can read more about the Vietnam Opportunity Fund at:
www.vinacapital.com/
Vietnam is an exciting opportunity, but for general publication purposes, VTOPF is outside of the bounds I would chose for general consumption articles such as this one, because it is a Pink Sheets fund.
TRAMX is not on an exchange either, but mutual funds have liquidity. It is a frontier markets fund, although regionally limited.
GAF is not a frontier market fund as you suggest. It is an emerging markets fund, as SSGA says in the product description. Frontier markets and emerging markets are not the same thing. It is 56% South Africa and 22% Israel (78% total). Both are emerging, not frontier market countries. The balance of 22% that is in frontier markets, is far too little to commend the fund as an frontier markets play.
If you want South Africa exposure you can buy EZA. If you want Israel exposure, you can buy ISL. To learn more about GAF, you can read the fund information and fact sheet at:
www.ssgafunds.com/etf/...
I repeat my assertion that TRAMX is the only good current frontier markets option, not on Pink Sheet or minimally exposed frontier markets within some other category of countries.
So their is the refutation of your criticism. I hope you find that satisfactory for the inadequacies you find in the article. Next time, try a little sugar to get more information before using vinegar.
Richard Reply
Investing in Non-U.S. Stock Markets [view article]
How about GAF and VTOPF? The author should be aware of all entry mechanisms if for no other reason than to refute their validity. ReplySatchu
Investing in Non-U.S. Stock Markets [view article]
Dear Richard,Thanks for the compliment. It made my morning.
I came home three years ago, having been in London for many years. What has really struck me in Kenya is the scale of the domestic shareholder base. It is widely expected to be 2m at the end of our current and biggest IPO Safaricom. This is an extraordinary outcome and actually a phenomenon. Today, Nigeria has 6 banks in the top 100 in the world. I really expect the African landscape to be something completely different in a very short space of time. Extraordinary things are happening and its all being compressed into a very few years.
Ex South Africa, I feel SSA is the last frontier. It was a previously very fragmented Continent with small pocket sized markets. The Mobile phone was the catalyst that triggered the aggregation of these small units into scale.
Lot of folk talk of Commodities etc but the next sharp trigger is coming from the Continent being plugged in to the global superhighway.
There might very well be a great arbitrage in identifying those markets that are set to get into these various new indices.
Take care
Aly-Khan Satchu
rich.co.ke Reply