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Morgan Stanley India Investment Fund Inc IIF

Morgan Stanley India Investment Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation. Under normal market conditions, substantially all, but not less than 80%, of the Fund's total assets will be invested in equity securities of Indian issuers. The Fund invests its assets over a broad spectrum of the Indian economy, including, as conditions warrant from time to time, trade, financial and business services, transport and communications, manufacturing, food processing and construction. The Fund does not invest more than 25% of its total assets in any one industry. To the extent that the Fund's assets are not invested in equity securities of Indian issuers, the remainder of its assets may be invested in debt securities of Indian issuers, and debt securities issued or guaranteed by the Indian Government or an Indian governmental. The Fund's adviser is Morgan Stanley Investment Management Inc.


NYSE:IIF - Post by User

Post by mkirkon Mar 21, 2006 2:57pm
213 Views
Post# 10540416

Because there's a lot of froth

Because there's a lot of frothfrom investors such as yourself who are buying regardless of the premium to NAV on these stocks (IFN and IIF). I'd like to buy into one of these but I'm waiting till investor sentiment calms down a bit. At least you bought IIF, IFN had a ridiculous 30% premium at one point for a fund that usually traded at a discount.
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