This Income Investment Now Yields 15%

If you had a list of the most “despised” income investments in the world, India would sit near the top. The country’s economy has started to slow after years of breakneck growth. Combined with a strong U.S. dollar, Wall Street’s interest in the subcontinent has drifted elsewhere. Today’s indicator highlights just how far Indian stocks have fallen out of favor. Here’s the thing: years of underperformance have left Indian equities trading at bargain prices. This has set the country’s stock market up for an explosive stock market rally. And for dividend hunters, this means it’s possible to find safe income investments paying double-digit yields.

Today, investors hate India. Analysts once hailed the country as the greatest opportunity of the 21st century. But with growth slowing, Wall Street’s interest in India just hit a multi-year low. You can see how bad the situation has become with a little-known income investment called The India Fund, Inc. (NYSE:IFN). IFN is a closed-end fund with around $611.5 million in assets as of this writing. The fund provides an easy way for people to invest in India. You don’t have to open a foreign bank account or travel to the other side of the world. With a few clicks, you own some of the country’s largest, most profitable businesses.

Source: Income Investors

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