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Author: HelicalZz Big gold star, 5000 posts Old School Fool Coverage Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 9291  
Subject: Re: INDIA FUND (THE) (NYSE:IFN) Date: 9/16/2006 12:11 PM
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I would be hesitant to project forward yields for IFN. I do not thinkk the payouts represent regular dividends but are more akin to the capital gains paid by mutual funds. These will be lumpy at best pojected forward and subject to the funds performance.

The current 'dividend' may have been driven by selling during the large market correction in India of the late spring. Selling that may well have positioned the fund poorly for the corresponginly rapid recovery. I have not looked into IFN in depth, so my comments are speculation, not research.

I had wanted to invest in India for some time, but avoided the ETFs largely due to thier selling at a premium to NAV. I also thought that the country as a whole may well have been over valued due to such high expectations (the CEFs selling at a premium is a good way to judge teh expectations IMO).

I did buy on the correction. Missed the bottom by just one day : ). I decided to go with a managed fund (MINDX) rather than an ETF. Over the short term this has looked like a good move (bought June 15).


I would note that a chart comparison does not account for dividends.

Zz - Bullish on India and a big fan of dividends.
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