India ETF coming but don't get too excitedAaron Pressman
U.S. investors who wanted to jump on the India stock band wagon in the past haven't had many great choices. And now that India has suffered a massive sell-off and bounce back, the same slender line up presents itself. Basically, there are a couple of closed-end funds that trade at big premiums to net asset value. The India Fund (symbol IFN), for example, is trading a 26% premium, according to ETFConnect.com. Why no simple index-based mutual fund or exchange-traded fund? Apparently there are rules limiting how foreigners can invest directly and the market is fragmented with lots of small caps.
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