IFN: Finding A Way To Navigate India's Perfect Storm [Seeking Alpha]
India Fund, Inc. (The) (IFN)
US:NYSE Investor Relations:
aberdeenifn.com
Company Research
Source: Seeking Alpha
IFN: Finding A Way To Navigate India's Perfect Storm Summary India is in the middle of a credit crisis that started in shadow banking, but is impacting the entire economy. However, the country has several long run advantages. Additionally, returns on the upside during emerging market booms can be extreme. IFN is a closed end fund focused on India. Its sector exposure is similar to the index, but it is more selective and focused on better capitalized companies. I’m still not comfortable diving into Indian equities, but I’m keeping IFN on my watchlist. A shadow banking crisis has darkened the outlook for India’s economy. Recent high profile bank failures Although the epicenter of this crisis is in the financial sector, especially non bank financial companies (NBFCs), the impact is spreading throughout the economy. Credit availability has plummeted for both businesses and consumers. Many skyscrapers are being left half built. Between 55-60% of first time borrowers rely on non-bank lender
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Sec Filings
- 4/18/24 - Form 8-K
- 4/18/24 - Form 424B2
- 4/12/24 - Form 3
- IFN's page on the SEC website