INDIA FUND $17.40 – New York symbol IFN

INDIA FUND $17.40 (New York symbol IFN; Shares outstanding: 38.6 million; Market cap: $672.3 million; CWA Rating: Aggressive) mainly invests in large-cap Indian stocks. Blackstone Group manages the fund.

India’s economy has grown by more than 9% annually over the last few years. The global recession… Read More

Four foreign closed-ends to buy now

Around the world, governments have been increasing spending in a bid to counter the recession. When these efforts start to take effect, and economic growth resumes, top-quality foreign stocks should rebound.

Here are four closed-end funds that trade on the New York exchange at discounts to… Read More

India Fund $19.58 – New York symbol IFN

INDIA FUND $19.58 (New York symbol IFN; Shares outstanding: 42.5 million; Market cap: $832.5 million; CWA Rating: Aggressive) invests mainly in large-capitalization Indian stocks. The manager of the fund is the Blackstone Group.

India’s growth has exceeded 9% annually over the last few years. The global… Read More

Foreign Closed-ends: Three Buys, One Hold

Turmoil in financial markets and slowing economies have hurt stock markets worldwide. But when government measures to counter the credit crisis begin to take effect, and when economic growth resumes, top-quality foreign stocks should rebound.

Here are four closed-end funds trading on the New York Exchange… Read More

Five Foreign Closed-ends to Buy Now

SWISS HELVETIA FUND $16.02 (New York symbol SWZ; CWA Rating: Conservative) invests mainly in large-capitalization Swiss stocks. The manager of the fund is Hottinger Group, which, as Banque Hottinger, dates back to 1786.

The $621.9 million fund’s top holdings are Nestle SA (food & beverages), 13.4%;… Read More

India Fund is Still a Buy

INDIA FUND $64.75 (New York symbol IFN; CWA Rating: Aggressive) dropped about 14% from $59 to $51 recently after Indian securities regulators proposed a tightening of regulations on overseas purchases of Indian stocks. However, it appears that the new measures will likely only temporarily slow… Read More

Updates on Foreign Closed-End Funds

CHILE FUND $21.02 (New York symbol CH) (CWA Rating: Aggressive) has net assets of $209.4 million U.S. It’s managed by Credit Suisse.

Prices for copper, a key commodity for Chile, are down from their highs, but still remain strong. Chile is a major exporter of copper,… Read More

India Fund is Now a Buy

INDIA FUND $44 (New York symbol IFN; CWA Rating: Aggressive) invests mainly in largecapitalization Indian stocks. The manager of the fund is Oppenheimer Asset Management.

India Fund is being helped by strong growth in the Indian economy, and by relatively low inflation and interest rates. The… Read More

Hold Off On India Fund

INDIA FUND $47 (New York symbol IFN; CWA Rating: Aggressive) has fallen from its high of $65 in early May, along with Indian stock markets.

The market declines came even though India’s economy grew at a strong annualized rate of 9.3% in the first quarter of… Read More