India Fund is Now a Buy

Article Excerpt

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 government encourages foreign investment, and has boosted infrastructure spending and rural development, and cut taxes. India will likely report growth in its economy of 8.3% in 2006. Growth in 2007 is forecast at 7.3%. We still like the long-term outlook for Indian stocks. The fund now sells for a 2% premium above the value of its assets. That’s not unreasonable given India’s rapid growth rate. India’s potential is vast, but investors must recognize that Indian stocks will be volatile. India Fund is now a buy for aggressive investors. investors…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.