IFN: Bearish On A Weak Macro Outlook For India

Seeking Alpha | Aug 15, 2019 at 4:08 PM
  • 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.
  • With official data from the fund sponsor, Aberdeen Standard Investment, IFN has returned an 8.5% annual rate since inception in 1994 compared to 6.8% for its benchmark MSCI India Index on a total return basis including reinvestment of distribution.
  • As with most closed-end funds, the name of the game here is the enticing distribution paid quarterly, currently, yielding 11.9% on a forward basis considering the regular quarterly distribution rate currently set at $0.59.