No. of Recommendations: 1

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.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.