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Why I'm Closing India Fund

Posted on May 07, 2008

In my continued quest to streamline, I've decided to close out a long held position in the India Fund (IFN) whichis a closed end fund that has along with 1 peer had been the only wayto buy a collection of India stocks for most of the past half decade;some new instruments have been introduced the past 12 months. [Mar 6: 2 New ETFs for India Bugs ]Still love India over the next few decades, but as I chart India Fundvs. some of the Indian banks I show, I see very similar patterns so it'ssort of a moot point to own both. Below is a 6 month chart of the indexETF versus the 2 Indian banks I own, an...

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