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Author: imcharliehm Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 244  
Subject: Re: Resurgent India Bonds Date: 5/22/1999 11:30 PM
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Another link, for those interested in investing in India and who are reading these old messages for the first time, is www.bseindia.com, which gives daily stock and index prices. This is useful information -- and sometimes comforting -- if you are thinking to invest in some of the closed end funds available to US investors.
The CEF's trade on the Big board and often get beat up as part of the American market, even thought the underlying market rose the night before. Which doesn't mean that the funds won't trade at deep discounts to NAV, but knowing how the underlying market is trading helps to gage value of the derivative, which, essentially, is what the funds can be regarded as.

I'm long 500 shares each of IFN and JFI if anyone wants to talk specifics or just commiserate.(I like the Indian market for its strong fundamentals and low correlation to the US market. It's their politics that are killing me, esp. the nuclear testing.)

Charlie
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