India Closed end funds (IIF and IFN) underperforming since the launch of India ETF (INP)
As I write this the BSE Sensex just reached a new all-time high after breaking past the 15000 point mark. However, the two India CEF’s, IIF and IFN are both trading below their Net Asset Value (NAV).
- Morgan Stanley India Investment Fund (IIF) is trading at a 11.77% discount
- India Fund (IFN) trading at 10.64% discount
Data: ETFConnect.com
However, iPath MSCI India Index ETN (INP) is near its 52-week high and has outperformed the India CEF’s in 2007
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* No holdings in IIF, IFN or INP