The iShares MSCI Ireland ETF (EIRL) is an exchange-traded fund designed to track the performance of Irish companies listed in the equity market. The ETF is managed by BlackRock through its iShares division and trades under the ticker EIRL on the NYSE Arca.

Classified as an equity ETF with geographic exposure to Ireland, the fund seeks to reflect, before fees and expenses, the performance of the MSCI Ireland IMI 25/50 Index.

The ETF follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. The benchmark includes Irish companies across multiple market-cap segments, selected according to liquidity, sector representation, and free-float-adjusted market-capitalization criteria.

Diversification and sector exposure

EIRL provides exposure primarily associated with:

• Industrials.
• Financials.
• Healthcare.
• Materials.
• Consumer discretionary.
• Multinational corporations headquartered in Ireland.
• European economy.
• International trade and exports.

The ETF’s performance is particularly sensitive to European economic conditions, eurozone growth expectations, and changes in the European regulatory environment.

In addition, the fund may reflect movements associated with pharmaceutical, industrial, and financial-services sectors, as well as euro-U.S. dollar exchange-rate fluctuations and changes in global trade and corporate-taxation conditions.

Structure and costs

EIRL shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. EIRL may distribute income derived from dividends paid by Irish companies held in the portfolio.

Because the ETF maintains concentrated exposure to a single European country, its performance may show elevated sensitivity to political, economic, and regulatory developments related to Ireland and the European Union.

History and evolution of the ETF

The iShares MSCI Ireland ETF was launched in 2010 during a period marked by the expansion of geographically focused European ETFs following the global financial crisis.

Since inception, the fund has reflected movements associated with the Irish economy, including changes in eurozone monetary conditions, fluctuations in international trade, and regulatory transformations within the European environment.

In recent years, EIRL has reflected changes in European Central Bank monetary policy, inflation fluctuations, developments within the European pharmaceutical and technology sectors, and shifts in international capital flows toward developed markets.

Additional Information

iShares MSCI Ireland ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $79.87 million.

Over the past 12 months, iShares MSCI Ireland ETF recorded a return of 29.03%, with its price trading between $65.93 and $85.09 during the same period.

The ETF is traded under the ticker EIRL.