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A non-diversified, closed-end management investment company.
IIF is a ETF type closed end fund by Morgan Stanley that invests mainly in India. Recently the fund has taken a dive but it holds solid blue chip companies in diversified sectors. Long term prospects should be solid in a growing economy with a huge population. Fund also has had sizable capital distribution.
They paid $11.9 divbidends last December and $8.6 in June. That's $20.5 dividends on a $26 fund.Even if future dividends take a dip, this is an AMAZING performance.http://img31.imagevenue.com/img.php?image=03184_IIF_2dividends_420div_122_888lo.jpghttp://finance.yahoo.com/q/hp?s=IIF&a=01&b=15&c=2007&d=07&e=15&f=2008&g=m
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