Few national indices have changed as much as Ireland's ISEQ since the peak of the credit bubble. Financials came to comprise over 70% of the index in 2006 as the banks got bigger and bigger. Now that they've collapsed, financials have shrunk to just 5% of the index.
Construction firms, which also flourished during the housing bubble, remain the top sector with 27% of the index, dominating the industrials. Food and drink groups dominate the consumer goods sector, while health care has become another defensive heavyweight. Travel and leisure firms, notably airlines, account for the lion's share of the consumer services segment.
See Tim Bennett's video tutorial: What is an index?
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Where are ISA savers and investors putting their money?With less than three months until the end of the tax year, where are ISA savers and investors putting their money? We look at the latest ISA trends.
-
More than £53 billion held in fixed-rate cash ISAs will mature by April - where should savers move their money?If your fixed-rate cash ISA is maturing soon, we look at the options available to you
