IFN - IFN: Bearish On A Weak Macro Outlook For India
The India Fund (IFN) provides investors exposure to Indian stocks through an actively-managed closed-end fund with a stated objective of long-term capital appreciation. The expense ratio is 1.32% and the distribution yield based on the current quarterly rate of $0.59 is 11.9% on the market price. The fund also has a history of distributing additional special distribution. IFN with $600 million in total assets under management is one of the largest and oldest of such foreign country-specific CEFs with an inception date going back to 1994. Considering the fund's benchmark as the MSCI