A.I.M. For Exchange Traded Funds (ETFs)

[OldAIMGuy]

Hi EZ, So far there's not been much downside. I guess that helps me sleep! However, it seemed to me that the portfolio needed a bit of a tonic for complacency. So I sold the IYH and IYC and replaced those with PIV to spice things up a bit.

Overall Cash Reserves are a bit full right now. It will take at least my risk indicator to less than average risk before I rebalance the Equity/Cash. I'd prefer to do it when we're showing Low Risk, but that only happens 10% of the time and I might not be able to wait that long!!

Best regards, Tom

[EZ2]

T.V. U R O K !!!!!!!!!!!!!!!!

WOW !!

[OldAIMGuy]

My retirement account update:

http://www.aim-users.com/etfunds.htm

Best regards, Tom

[EZ2]

IFN (closed end fund)



Press Release Source: The India Fund, Inc.

The India Fund, Inc. Announces Earnings for the Six Months Ended June 30, 2006
Monday July 31, 8:30 am ET


NEW YORK--(BUSINESS WIRE)--July 31, 2006--The India Fund, Inc. (NYSE: IFN; the "Fund"), a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of Indian companies, today announced unaudited results for the six months ended June 30, 2006.
For the six months ended June 30, 2006, the Fund's net realized and unrealized gains were $72,426,440, equal to $2.29 per share, and net investment loss was $2,943,717, equal to $0.09 per share. For the same six month period ended June 30, 2005, the Fund's net realized and unrealized gains were $74,492,364, equal to $2.33 per share, and net investment loss was $254,475, equal to $0.008 per share.

On June 30, 2006, total net assets of the Fund were $1,135,214,124, and the net asset value ("NAV") per share was $35.82 based on 31,695,662 shares outstanding. The Fund's common stock closed on the New York Stock Exchange on June 30, 2006 at $46.19 per share, representing a premium of 28.95% to the Fund's June 30, 2006 NAV. On June 30, 2005, total net assets of the Fund were $965,533,050, and the NAV per share was $30.20 based on 31,974,537 shares outstanding. The Fund's common stock closed on the New York Stock Exchange on June 30, 2005 at $29.85 per share, representing a discount of 1.17% to the Fund's June 30, 2005 NAV.

In April 2003, stockholders of the fund voted to adopt an interval fund structure, pursuant to which the Fund will conduct semi-annual repurchase offers for between 5% and 25% of the Fund's outstanding common stock.

The Fund conducted a semi-annual repurchase offer that commenced on February 24, 2006 and expired on March 17, 2006. In connection with the repurchase offer, the Fund purchased 150,937 shares of capital stock at a total cost of $6,223,543, less a 2% repurchase fee of $123,919.

On June 30, 2006, investments in equity securities of Indian companies totaled $1,119,311,374 (or 98.6% of the Fund's net assets), investments in rights totaled $2,463,358 (or 0.2% of the Fund's net assets), and investments in cash and cash equivalents totaled $18,198,551 (or 1.6% of the Fund's net assets). Other liabilities in excess of other assets totaled $4,759,159 (or -0.4% of the Fund's net assets), accounting for the remaining net assets.

For the six months ended June 30, 2006, the Fund's top ten holdings and sector allocations were:

Top Ten Equity Holdings % of Net Assets
----------------------- ---------------
Infosys Technologies, Ltd. 8.6%
Reliance Industries, Ltd. 8.3%
Bharat Heavy Electricals, Ltd. 5.7%
ITC, Ltd. 5.0%
Oil and Natural Gas Corp., Ltd. 4.7%
Tata Motors, Ltd. 3.8%
Bharti Airtel, Ltd. 3.7%
Housing Development Finance Corp, Ltd. 3.4%
Hindustan Lever, Ltd. 3.2%
ICICI Bank, Ltd. 2.8%

Top Ten Sector Allocations % of Net Assets
-------------------------- ---------------
Computer Software & Programming 12.6%
Finance 12.6%
Electronics & Electrical Equipment 10.4%
Diversified Industries 10.0%
Consumer Non-Durables 8.2%
Vehicles 8.1%
Engineering 5.8%
Telecommunications 5.5%
Extractive Industries 4.8%
Pharmaceuticals 3.4%

The holdings and allocations listed were accurate as of the date shown and are subject to change without notice. Any securities discussed should not be construed as a recommendation to buy or sell and there is no guarantee that these securities will be held nor should it be assumed that they were or will be profitable. Past performance does not guarantee future results.

The Fund is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Indian equity securities. The Fund conducts semi-annual repurchase offers and is traded on the New York Stock Exchange under the trading symbol "IFN".

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund. The Investment Manager is an affiliate of The Blackstone Group.

Information on the Fund can be obtained on the Blackstone website (www.blackstone.com) or by calling the Fund's toll-free phone number at 1-866-800-8933.

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue," or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's filings with the Securities and Exchange Commission.



Contact:
Blackstone Asia Advisors L.L.C.
1-866-800-8933

--------------------------------------------------------------------------------
Source: The India Fund, Inc.

[EZ2]

IIF.........

Press Release Source: Morgan Stanley Investment Management, Inc.

Morgan Stanley Investment Management Releases Institutional Closed-End Fund Quarterly Portfolio Holdings Information
Friday July 28, 4:15 pm ET


NEW YORK--(BUSINESS WIRE)--July 28, 2006--Morgan Stanley Investment Management, Inc. announced today that it will post selected information regarding all Morgan Stanley Investment Management-sponsored Institutional Closed-End Funds to its public web-site at www.morganstanley.com/im on July 31, 2006. The posting will include information relating to each Institutional Closed-End Fund's complete portfolio holdings for the quarter ended June 30, 2006. Morgan Stanley Investment Management intends to make complete holdings information for its Closed-End Funds available approximately 30 calendar days following the end of the most recent quarter. You may obtain a hard copy of this report, and future quarterly reports as they become available, by either accessing the web-site or calling the number below.
For more information call: 1-800-221-6726

Morgan Stanley Institutional Closed-End Funds include:

Morgan Stanley Asia-Pacific Fund, Inc. (NYSE: APF - News); Morgan Stanley Emerging Markets Fund, Inc. (NYSE: MSF - News); Morgan Stanley India Investment Fund, Inc. (NYSE: IIF - News); Morgan Stanley Eastern Europe Fund, Inc. (NYSE: RNE - News); Morgan Stanley High Yield Fund, Inc. (NYSE: MSY - News); Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE: MGB - News); Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD - News); The Thai Fund, Inc. (NYSE: TTF - News); The Malaysia Fund, Inc. (NYSE: MF - News), The Latin American Discovery Fund, Inc. (NYSE: LDF - News); The Turkish Investment Fund, Inc. (NYSE: TKF - News).

Investing involves risk and it is possible to lose money on any investment in the funds.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and more than $440 billion in assets under management or supervision as of May 31, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals.

Morgan Stanley (NYSE: MS - News) is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 30 countries, Morgan Stanley connects people, ideas, and capital to help clients achieve their financial aspirations.



Contact:
Morgan Stanley Investment Management
888-378-1568

--------------------------------------------------------------------------------
Source: Morgan Stanley Investment Management, Inc.

[OldAIMGuy]

After nearly 4 years of owning IYH I have decided to give up on it. While selling near its 52 week high isn't exactly painful, the long term total return has not lived up to what I'd hoped. Plus there seems to be 'political' influence that just keeps a lid on this one.

So, I sold the IYH at $63 and have purchased more of PIV (PowerShares Value Line Timeliness Fund) with the proceeds. PIV seems to have more of what I'm looking for in tradeable range and also as a long term growth vehicle. While IYH was reasonably steady, it only provided three or four trades in all of that 4 year's time. PIV by its design is more of a Momentum investment and should have greater amplitude and frequency of price change. This should allow AIM a better opportunity to profitably capture its native volatility.

For more information on PIV, see:
http://www.powershares.com/pivfund.asp

Here's a comparison chart:
http://stockcharts.com/webcgi/perf.html?PIV,iyh

Here you can see that PIV already, in the short time it's been available, has had quite a bit larger range for trading.

Best regards, Tom

[OldAIMGuy]

Hi Kavi, Please keep us posted on your progress.

Best regards,
Tom
PS: sometimes we'll see the NAV drop as fast or faster than the share price. So, the premium doesn't always disappear during the declining part of the cycle. You may see it at a discount later as the NAV rises faster than the share price.

[kaviyarasu]

New AIM account with IFN and IIF

I opened a new AIM account with IFN @ 39.2
I have also started an AIM account with IIF @ 39.5
I have only bought 25% shares for both of
these accounts.I will build in to full AIM position over next few months.

I think IFN had a premium of 13% when i placed the order.

Thanks
Kavi.

[OldAIMGuy]

Re: IYW.............

My accounts are very close to buying an additional 7% shares of IYW. It needs to slip just below the waves to $53+ to get it done. The orders to buy have been outstanding for what seems like "forever."

Anyone else close here?

Best regards, Tom

[EZ2]

Hi Don !

I did a bit more looking to get my numbers on IFN (up-to-date) and in spite of some signicant slippage in share price.....it's still trading at a 25%+ premium (NAV).

Guess I'll just wait for it to come to me ~~~ LOL !!

[DonCarlson]

Hi EZ2...it looks like "IF" Indonesia as historically had more 10% ZigZags than IFN; but then they both tend to move in tandum.

Don

[EZ2]

kavi/T.V., et al. ~~~~ what are your current thoughts on IFN ?

IFN -1.12 -2.75% 391,100 $39.58 INDIA FUND (THE)

HISTORICAL PRICING on IFN (the India Fund) {{closed end fund}}

PRICES

Date Open High Low Close Volume Adj Close*

21-Jul-06 40.30 40.85 39.42 39.58 391,100 39.58
20-Jul-06 42.70 43.06 40.45 40.70 617,800 40.70
19-Jul-06 39.00 42.49 38.80 42.39 1,020,800 42.39
18-Jul-06 40.00 40.95 38.92 39.39 671,200 39.39
17-Jul-06 39.51 40.35 39.50 40.10 490,800 40.10
14-Jul-06 40.30 41.10 39.95 40.50 646,400 40.50
13-Jul-06 42.00 42.41 40.70 40.93 631,300 40.93
12-Jul-06 43.30 44.00 42.51 43.10 709,100 43.10
11-Jul-06 42.20 42.70 40.35 42.45 1,406,600 42.45
10-Jul-06 44.20 44.85 43.00 43.00 407,900 43.00
7-Jul-06 45.00 45.18 44.00 44.02 648,800 44.02
6-Jul-06 45.30 46.15 45.30 45.95 440,100 45.95
5-Jul-06 46.95 46.95 44.72 45.29 683,600 45.29
3-Jul-06 46.95 47.21 46.40 46.70 342,200 46.70
30-Jun-06 48.00 48.35 45.50 46.19 784,000 46.19
29-Jun-06 44.00 48.25 43.70 47.72 3,002,700 47.72
28-Jun-06 46.05 48.60 46.00 48.26 1,077,700 48.26
27-Jun-06 45.80 47.29 45.57 45.81 821,300 45.81
26-Jun-06 44.00 45.68 43.50 45.42 778,900 45.42
23-Jun-06 44.93 45.09 44.19 44.98 377,600 44.98
22-Jun-06 45.30 45.31 44.01 44.53 495,700 44.53
21-Jun-06 43.30 45.00 43.30 45.00 718,100 45.00
20-Jun-06 42.00 42.90 41.01 42.74 631,700 42.74
19-Jun-06 44.50 45.55 42.07 42.09 682,300 42.09
16-Jun-06 45.00 45.35 42.50 44.35 1,081,700 44.35
15-Jun-06 41.88 44.82 41.77 44.50 2,034,500 44.50
14-Jun-06 37.65 40.09 37.65 39.95 1,256,800 39.95
13-Jun-06 37.05 39.30 36.78 37.55 1,694,200 37.55
12-Jun-06 41.00 41.75 38.00 38.35 1,259,000 38.35
9-Jun-06 43.65 43.90 41.90 42.00 1,056,300 42.00
8-Jun-06 41.00 42.65 40.05 42.65 2,140,100 42.65
7-Jun-06 43.50 44.25 42.12 42.50 993,800 42.50
6-Jun-06 45.30 45.65 42.65 43.99 1,588,600 43.99
5-Jun-06 47.80 48.20 46.00 46.00 610,300 46.00
2-Jun-06 49.00 50.45 48.38 48.95 763,300 48.95
1-Jun-06 48.00 48.85 47.05 48.75 819,700 48.75
31-May-06 46.00 48.50 45.96 48.50 977,100 48.50
30-May-06 50.01 50.20 47.51 47.70 1,035,000 47.70
26-May-06 50.75 52.32 49.85 50.01 1,392,600 50.01
25-May-06 46.99 49.09 46.15 49.06 1,325,800 49.06
24-May-06 46.70 48.15 44.50 45.96 1,718,200 45.96
23-May-06 48.00 49.70 47.25 47.52 2,055,000 47.52
22-May-06 47.50 48.37 45.35 46.15 2,847,300 46.15
19-May-06 53.50 53.50 48.77 51.53 2,513,000 51.53
18-May-06 55.00 55.70 53.25 53.64 1,021,000 53.64
17-May-06 57.50 59.00 54.90 55.46 944,400 55.46
16-May-06 54.00 57.40 54.00 57.30 856,900 57.30
15-May-06 56.35 56.35 53.05 53.81 1,401,500 53.81
12-May-06 60.09 60.09 54.17 57.50 2,302,600 57.50
11-May-06 64.40 64.75 60.01 60.02 946,200 60.02
10-May-06 64.65 64.95 64.50 64.70 341,000 64.70
9-May-06 63.46 65.25 63.45 64.00 564,000 64.00
8-May-06 63.00 63.63 62.16 63.41 535,200 63.41
5-May-06 62.58 62.75 61.70 61.85 442,600 61.85
4-May-06 62.50 63.85 60.01 61.58 692,000 61.58
3-May-06 60.00 62.18 59.17 61.99 521,600 61.99
2-May-06 58.20 60.14 57.50 59.95 552,800 59.95
1-May-06 56.00 58.00 56.00 57.30 333,500 57.30
28-Apr-06 55.25 56.00 55.01 55.30 295,600 55.30
27-Apr-06 55.91 56.30 54.91 55.14 431,300 55.14
26-Apr-06 55.00 56.80 55.00 55.90 367,300 55.90
25-Apr-06 53.66 54.65 53.65 53.99 611,200 53.99
24-Apr-06 56.51 56.51 53.65 55.10 515,800 55.10
21-Apr-06 55.90 57.97 55.65 56.26 567,900 56.26
20-Apr-06 55.70 56.45 55.25 55.61 501,100 55.61
19-Apr-06 54.90 55.50 54.20 55.37 515,000 55.37

[EZ2]

CBOE..............

Press Release Source: Chicago Board Options Exchange

CBOE to List Options on Five ETFs on Wednesday, July 19

Wednesday July 19, 2:46 pm ET


CHICAGO--(BUSINESS WIRE)--July 19, 2006--CBOE:
First Trust IPOX-100 Index Fund (FPX)
iShares FTSE/Xinhua China Index Fund (FXI)
Market Vectors Gold Miners (GDX)
Powershares Wilderhill Clean Energy (PBW)
Powershares Water Resources Portfolio (PHO)

The Chicago Board Options Exchange (CBOE) today announced it will list options on the following five ETFs beginning today: First Trust IPOX-100 Index Fund (AMEX and CBOE ticker symbol FPX); iShares FTSE/Xinhua China Index Fund (NYSE and CBOE ticker symbol FXI); Market Vectors Gold Miners (AMEX and CBOE ticker symbol GDX); Powershares Wilderhill Clean Energy (AMEX and CBOE ticker symbol PBW); and Powershares Water Resources Portfolio (AMEX and CBOE ticker symbol PHO).

The Designated Primary Market Makers (DPM) for the options are as follows:

First Trust IPOX-100 Index Fund (FPX)
DPM: Jane Street Specialists

iShares FTSE/Xinhua China Index Fund (FXI)
DPM: Jane Street Specialists

Market Vectors Gold Miners (GDX)
DPM: Jane Street Specialists

Powershares Wilderhill Clean Energy (PBW)
DPM: Susquehanna Investment Group

Powershares Water Resources Portfolio (PHO)
DPM: Susquehanna Investment Group

For more information on new listings, visit the Trading Tools section of the CBOE website at: http://www.cboe.com/NewListings.

CBOE, regulated by the Securities and Exchange Commission (SEC), is the world's largest options marketplace and the creator of listed options. For additional information about the CBOE and its products, access the CBOE website at: www.cboe.com.

CBOE® and Chicago Board Options Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated.



Contact:
Chicago Board Options Exchange
Janice Calvin, 312-786-7492
[e-mail]

--------------------------------------------------------------------------------
Source: Chicago Board Options Exchange

[EZ2]

article on EWG.........

German ETF May Lead If Bounce Is For Real
Wednesday July 12, 7:00 pm ET
Murray Coleman

Since bottoming June 13, fortunes are rising again for Barclays' German exchange traded fund.
IShares MSCI Germany Index (AMEX:EWG - News) now has a Relative Price Strength Rating of 73. That puts it on par with this year's hottest ETFs, most of which are focused on foreign stocks and gold.

That's after losing 17.5% from May 10 through its bottom. Since then, its has recovered nearly half that loss, making it one of the world's top 20 performers in 2006.

"Markets dependent on oil and commodities, like Venezuela, Indonesia and Norway, are doing better," said Gary Tapp, equity strategist at SunTrust Robinson Humphrey. "But they're smaller and much less diversified."

He heads a team that oversees SunTrust's all-ETF portfolio.

That includes a small stake in iShares MSCI Germany.

German Sweet Spot

"The global economic expansion we're seeing is playing right into Germany's sweet spot," he said. "It's exporting a huge amount of capital goods to emerging markets."

As a result, Germany has a current account surplus of 4% of GDP. By comparison, the U.S. has a deficit of 6%, Tapp says.

Before, when the U.S. slowed, so did Europe and Asia. What happens if domestic markets undergo a slowdown?

"The world economy is much more robust these days," Tapp said. "China, Eastern Europe and Latin America are seeing real growth spurts. These areas are in a much better position than in the past to sustain growth even if the U.S. slows somewhat."

Undervalued

Another positive that Tapp sees is that iShares MSCI Germany slightly lagged its international rivals last year, gaining 9.64% vs. MSCI EAFE index's 13.32%. "So you could argue Germany's a market that might not be as extended as other developed international markets," Tapp said. "In fact, we think it's still looking fairly cheap right now."

The DAX is trading at 12.7 times forward 12-month earnings. "That's actually the lowest it has been in the past five years," Tapp said. "Most of the U.S. indexes are trading above 15 forward EPS."

Corporate earnings in Germany are expected to grow 13% in 2006 and 10% in 2007, better than the U.S. "And Germany's starting with lower valuations," Tapp said.

One negative exists, he adds. The European Central Bank appears to be in the early stages of a new rate hike cycle.

"Their rates are well below ours right now," Tapp said. "They usually take a very gradual stance."

Right now, European short-term rates are at 3%. Tapp expects them to go to 4% by the end of 2007. "But that would be a fairly low level still," he said. "We don't think it would be enough to stop their stock markets from growing."

[EZ2]

OT: kavi ~~~~ watch India stuff !!!!!!!!!!!!

# Subject Author Sentiment Recs Date/Time (ET)

66414 => Re: OT: explosions in India
EZCOMNGO 07/11/06 09:23 am

66413 OT: explosions in India
EZCOMNGO 07/11/06 09:19 am

[OldAIMGuy]

Hi EZ², Yes, PCA is a software program for running the AIM/Lichello algorithm. I've met the principals involved and they are good people.

I've not kept up with their software development and I probably should give them a ring one of these days and see what's new.

Besides the software for AIM, they offer a host of other products for stock screening and other trading methods.

Best regards, Tom

[EZ2]

Is this related to AIM ??

Press Release Source: Investing Systems Inc.

Investing Systems: 'Software that Forces Investors to Buy Low & Sell High is Perfect for Trading ETF's, IShares and Index Funds'
Friday July 7, 10:58 pm ET


AMELIA ISLAND, Fla.--(BUSINESS WIRE)--July 7, 2006--Investing Systems Inc. announced today technology for strategic buying and selling of the newest ETFs.
"The major market indices now have a great new way to trade and our PCA users worldwide are poised to receive strategic buy and sell orders from the software when they trade these new ETFs," said William McKinley, President of Investing Systems. "When the market goes up our users will get sell orders and when the market goes down, they will get buy orders. It really captures the buy low, sell high goal of most investors."

The Position Cost Averaging stock trading system is a software tool based on the book "How to Make $1,000,000 In the Stock Market Automatically", by Robert Lichello.

Originally printed in 1977, and re-printed several times since, the book contains an algorithm designed to help investors eliminate risk in the equity markets. The system is now a stand alone software application for all Windows based operating systems.

Position Cost Averaging is a system for systematically buying into price weakness and selling into price rallies automatically compounding portfolio.

"Buying low and selling high has been reduced to a mathematic certainty," McKinley continued. "Now we have the new ETFs available to further mitigate risk and make it even easier to manage your own portfolio."

The Position Cost Averaging system can be applied to any price traded equity, index, mutual fund, ETF and even commodities.

Position Cost Averaging is a software system shipped on CD ROM along with a copy of the book that it is based on. Users in more than seventy countries use PCA to manage their investment portfolios.

To learn more about the compounding algorithm used in Position Cost Averaging visit: http://www.StockSystem.com

To read the full report about the new ETFs visit:

http://www.the-market-toolbox.com/2006/july_7_2006.htm

Investing Systems Inc. is the world's largest retailer of investing software in terms of variety and offers systems for all kinds of investors. ISI operates a network of more than 100 websites focused on the benefits of disciplined systematic investing.



Contact:
Investing Systems Inc., Amelia Island
Douglas Newberry, 904/261-5289
[e-mail]

--------------------------------------------------------------------------------
Source: Investing Systems Inc.





.

[OldAIMGuy]

Good morning EZ, Re: EWJ and EWY.............

I own EWJ in my own accounts and it's done nicely for me for the last year or so. From StockCharts it looks like EWY and EWJ march to the same drummer pretty much. Set the X-axis to 63 days (last quarter) and see how close they are.
http://stockcharts.com/webcgi/perf.html?EWY,EWJ
Both bottomed lower a couple of weeks ago, before this most recent "scare."

In at least one account we added more shares of EWJ when it was down. I own EPP (Asia less Japan) as well and it might have some Korean exposure, but is dominated by Australia, Hong Kong and Singapore, I believe.

The retreat certainly trims off some of the fat that was there and gives these country funds a better chance at future gains.

Best regards, Tom

[EZ2]

TV ----- what do you think about EWY / EWJ as result
of softness from NK missle launches ??

[EZ2]

Press Release Source: The India Fund, Inc.

The India Fund, Inc. Announces Commencement of Rights Offering
Monday July 3, 9:00 am ET


NEW YORK--(BUSINESS WIRE)--July 3, 2006--The India Fund, Inc. (NYSE: IFN; the "Fund") announced today that the subscription period of its non-transferable rights offering (the "Offer") has commenced.
The Fund is issuing to stockholders of record as of the close of business on July 3, 2006 one right for each share of common stock held. The rights entitle stockholders to subscribe for additional shares of the Fund's common stock. The subscription period commences today, July 3, 2006, and will expire at 5:00 p.m., Eastern daylight time, on August 4, 2006, unless extended. The subscription price per share will be equal to 95% of the Fund's net asset value per share on the expiration date of the Offer, which is August 4, 2006. Stockholders will be able to purchase one share of common stock for every three rights held. The rights are non-transferable and will not be admitted for trading on the New York Stock Exchange.

Stockholders who exercise all rights issued to them will be entitled to subscribe for additional shares at the subscription price pursuant to an over-subscription privilege. If sufficient shares are not available to honor all requests for over-subscriptions, the Fund may, in its discretion, issue additional shares in an amount up to 25% of the shares that were available in the primary offering. Regardless whether the Fund issues additional shares, if sufficient shares are not available to honor all over-subscription requests, available shares will be allocated pro rata among stockholders who over-subscribe based on the number of rights originally issued to them by the Fund. If all subscription rights are exercised (including the additional 25%), the Fund will issue an aggregate total of 13,206,525 shares of its common stock in the Offer.

For further information regarding the Offer, or to obtain a prospectus containing additional information about the Fund and the Offer, please contact Georgeson Shareholder Communications Inc., the Fund's information agent, at 1-866-297-1264. Investors should read the prospectus carefully before investing.

The Fund is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Indian equity securities. The Fund is traded on the New York Stock Exchange under the trading symbol "IFN."

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund. The Investment Manager is an affiliate of The Blackstone Group.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities to be offered in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Investors should consider the Fund's investment objective, risks, and charges and expenses carefully before investing. The prospectus contains this and other information about the Fund. Investors should carefully read the prospectus before participating in the Offer. To obtain a prospectus, please contact Georgeson Shareholder Communications Inc. as set forth above.

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue" or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's filings with the Securities and Exchange Commission.



Contact:
Blackstone Asia Advisors L.L.C.
1-866-800-8933

--------------------------------------------------------------------------------
Source: The India Fund, Inc.

[EZ2]

love my PHO !!!

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BC2853C6B%2DA2CE%2D47E0%2D9A42%2D528E363A5E7...

[EZ2]

anyone like GRR ?


Press Release Source: The Asia Tigers Fund, Inc.

The Asia Tigers Fund, Inc. Announces Commencement Date of Quarterly Repurchase Offer
Friday June 23, 9:37 am ET


NEW YORK--(BUSINESS WIRE)--June 23, 2006--The Asia Tigers Fund, Inc. (NYSE: GRR; the "Fund") announced today that the Fund's quarterly repurchase offer will commence today and terminate on July 14, 2006. In April 2002, stockholders of the Fund voted to adopt an interval fund structure, pursuant to which the Fund conducts quarterly repurchase offers for between 5% and 25% of the Fund's outstanding common stock. Accordingly, the Fund's Board of Directors (the "Board") authorized the Fund's repurchase offer for this quarter of up to 5% of its outstanding common stock, the details of which are as follows:
Purpose of the Repurchase Offer - The repurchase offer is intended
to provide Fund stockholders who wish to have their shares
repurchased based on net asset value ("NAV") with the opportunity
to have at least a portion of such shares repurchased.

What to Expect - The repurchase offer began on June 23, 2006, and
will end on July 14, 2006. Materials will be sent to stockholders
of record as of June 16, 2006, in conjunction with the start of
the offering on June 23, 2006.

Price - The repurchase price of the shares will be their NAV per
share at the close of regular trading on the New York Stock
Exchange ("NYSE") on July 21, 2006. The shares tendered in the
repurchase offer will be subject to a repurchase fee of 2% of NAV
for expenses directly related to the repurchase offer.

Number of Shares - If more than 5% of the Fund's outstanding
common stock is tendered, the Fund will either (1) repurchase all
of the additional shares tendered, if the additional shares do not
exceed 2% of the Fund's outstanding common stock or (2) purchase
5% of the Fund's outstanding common stock on a pro rata basis.

Deadline - The deadline for participating in the repurchase offer
is 5:00 p.m. New York City time on July 14, 2006. The NAV of the
shares may fluctuate between the deadline and July 21, 2006, the
pricing date of the repurchase offer. The payment date for the
repurchase offer is on or before July 28, 2006.

During the repurchase offer, the NAV of the shares will be calculated as of the close of regular trading on the NYSE each Friday and each of the five business days (July 10, 2006, to July 14, 2006) preceding the repurchase request deadline on July 14, 2006.

The Fund's common stock has recently been trading at a premium to the Fund's NAV per share. It may not be in a stockholder's interest to tender shares in connection with this repurchase offer if the Fund's common stock continues to trade at a premium. The market price of the Fund's common stock can and does fluctuate. Accordingly, on July 21, 2006, the pricing date for this repurchase offer, the market price of the Fund's common stock may be above or below the Fund's NAV per share.

To obtain the weekly NAV or the NYSE closing price of the shares or for questions concerning the repurchase offer or for requests for the Fund's repurchase offer materials, stockholders should contact Georgeson Shareholder Communications Inc. ("Georgeson"), the Fund's Information Agent, toll free at 1-877-847-1383, or, for banks or brokers, at 1-212-440-9800.

Neither the Fund, its Investment Manager nor its Board is making any recommendation to any stockholder whether to tender shares in the repurchase offer. The Fund and the Board urge stockholders to read and evaluate the repurchase offer materials carefully before deciding whether to participate in the repurchase offer. This announcement is not an offer to purchase nor a solicitation of an offer to sell shares of the Fund. The repurchase offer is being made only through the Offer to Repurchase and the related Letter of Transmittal. Holders of Fund shares should read these documents when they are available because they contain important information. These and other filed documents will be available to investors for free both at the website of the Securities and Exchange Commission and from Georgeson. The repurchase offer is not being made to, nor will tenders be accepted from or on behalf of, holders of shares in any jurisdiction in which making or accepting the repurchase offer would violate that jurisdiction's laws.

The Fund is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Asian equity securities. The Fund conducts quarterly repurchase offers and is traded on the NYSE under the trading symbol "GRR."

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund. The Investment Manager is an affiliate of The Blackstone Group.

Periodically updated information on the Fund can be obtained through the Fund's toll free phone number at 1-866-800-8933. Information on the Fund can also be obtained through a link on the Blackstone website (www.blackstone.com).

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue" or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's filings with the Securities and Exchange Commission.



Contact:
Blackstone Asia Advisors L.L.C.
1-866-800-8933

--------------------------------------------------------------------------------
Source: The Asia Tigers Fund, Inc.

[OldAIMGuy]

A change in my Retirement Account's makeup.

http://www.investorshub.com/boards/read_msg.asp?message_id=11707495

Best regards, Tom

[kaviyarasu]

Re: IIF vs IFN

IFN has performed little better lately, may be just because of the premium, not the underlyings, because the performance difference is 30 to 40% which is the premium for IFN.

Infact i am only trying to get in to IIF, i don't even think i will get an entry into IFN, even after SENSEX corrected 30% the premium never came down, may be as you said, hedge funds are not moving out of this fund.

Kavi.

[EZ2]

what do you think of IIF vs. IFN ?
(( still a premium but, a little less steep ! ))

http://www.etfconnect.com/select/fundPages/global.asp?MFID=10541

============================================================================================

Press Release Source: Morgan Stanley India Investment Fund, Inc.

Morgan Stanley India Investment Fund, Inc. Declares a Distribution
Tuesday June 20, 7:45 pm ET


NEW YORK--(BUSINESS WIRE)--June 20, 2006--Morgan Stanley India Investment Fund, Inc. (NYSE: IIF - News) today declared a mid-year distribution of $0.3507 per share of long-term capital gains.
RECORD DATE PAYABLE DATE
----------- ------------
06/30/06 7/14/06


Morgan Stanley India Investment Fund, Inc. (the "Fund"), advised by Morgan Stanley Investment Management Inc., is a closed-end management investment company seeking to achieve long-term capital appreciation through investments primarily in equity securities of Indian issuers.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and more than $442 billion in assets under management or supervision as of February 28, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals.

Morgan Stanley (NYSE: MS - News) is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 30 countries, Morgan Stanley connects people, ideas, and capital to help clients achieve their financial aspirations.



Contact:
Morgan Stanley Investment Management
888-378-1568
or
JPMorgan Investor Services
Mark Kucera, 617-557-8844

--------------------------------------------------------------------------------
Source: Morgan Stanley India Investment Fund, Inc.

[EZ2]

I did find this in the "education" tab:

What is a rights offering?

Although Closed-End ETFs have a fixed number of shares and assets outstanding, there are mechanisms that fund managers can use to raise additional capital. Fund management can raise additional capital by issuing shareholders rights to buy new common shares at predetermined prices. These offerings often involve substantial discounts to net asset value to encourage participation, which also dilutes common shareholder ownership in the fund.


.

[EZ2]

kavi ~~ I am not well versed on "rights" either. Perhaps one of the other board members can clarify.......and.......there
might be something on it here:

http://www.etfconnect.com/select/fundPages/global.asp?MFID=10498

[kaviyarasu]

Rights offering in IFN

I am not familiar with how rights offering works, does that
mean, we may be able to get 30% shares at 95% of NAV, with out paying any premium? What is the cost of buying the rights.

Kavi

[EZ2]

OT:

heads-up !! "IF" you are holding some significant COMPANY STOCK in your 401-K......this could be a REAL huge tax savings !!

http://www.freep.com/apps/pbcs.dll/article?AID=/20060618/BUSINESS06/606180703/1122



.

[EZ2]

OT: kavi ---- FYI!! on IFN

Press Release Source: The India Fund, Inc.

The India Fund, Inc. Announces Terms of Rights Offering
Friday June 16, 9:18 am ET


NEW YORK--(BUSINESS WIRE)--June 16, 2006--The India Fund, Inc. (NYSE: IFN; the "Fund") announced today the terms of its non-transferable rights offering to holders of its common stock (the "Offer").
The Fund will issue to stockholders of record on July 3, 2006 one right for each share of common stock held. The rights will entitle stockholders to subscribe for additional shares of the Fund's common stock at a subscription price equal to 95% of the Fund's net asset value per share on the expiration date of the Offer, which is August 4, 2006. Stockholders will be able to purchase one share of common stock for every three rights held. The rights are non-transferable and will not be admitted for trading on the New York Stock Exchange.

Stockholders who exercise all rights issued to them will be entitled to subscribe for additional shares at the subscription price pursuant to an over-subscription privilege. If sufficient shares are not available to honor all requests for over-subscriptions, the Fund may, in its discretion, issue additional shares in an amount up to 25% of the shares that were available in the primary offering. Regardless whether the Fund issues additional shares, if sufficient shares are not available to honor all over-subscription requests, available shares will be allocated pro rata among stockholders who over-subscribe based on the number of rights originally issued to them by the Fund. If all subscription rights are exercised (including the additional 25%), the Fund will issue approximately 13,203,580 shares of its common stock in the Offer.

The subscription period for the Offer will be from July 3, 2006 to August 4, 2006, unless extended by the Fund. The Fund expects that subscription forms, together with the prospectus, will be mailed to stockholders on July 3, 2006. Stockholders who hold their shares in bank or broker name will receive the Offer materials from their bank or broker.

A Registration Statement relating to the shares has been filed with the Securities and Exchange Commission but has not yet become effective. The securities to be offered may not be sold nor may offers to buy be accepted prior to the time that the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities to be offered in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

For further information regarding the Offer, or to obtain a prospectus, when available, please contact Georgeson Shareholder Communications Inc., the Fund's information agent, at 1-866-297-1264.

The Fund is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Indian equity securities. The Fund is traded on the New York Stock Exchange under the trading symbol "IFN."

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund. The Investment Manager is an affiliate of The Blackstone Group.

Periodically updated information on the Fund can be obtained through the Fund's toll free phone number at 1-866-800-8933. Information on the Fund can be obtained through a link on the Blackstone website (www.blackstone.com).

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue" or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's filings with the Securities and Exchange Commission.



Contact:
Blackstone Asia Advisors L.L.C.
1-866-800-8933

--------------------------------------------------------------------------------
Source: The India Fund, Inc.

[EZ2]

hmmmmmmm !!!

Emerging Markets May Be Latest Bubble
Friday June 16, 3:33 pm ET
By Ellen Simon, AP Business Writer
Emerging Markets Draw Comparison to Tech-Stock Bubble of 1990s, Which May Have Spurred Selloff

NEW YORK (AP) -- U.S. investors have poured so much money into emerging markets, some on Wall Street are comparing it to the tech-stock bubble of the 1990s.
The parallels are there: A massive run up that attracted herds of investors, pushing prices up to the point where they are hard to justify.

In the worldwide selloff that started in May and lasted until Wednesday, when many markets began to recover, emerging market losses were steep. Fears about higher worldwide interest rates and the next move by the Federal Reserve lopped $6.26 trillion in value off all markets, including the U.S., according to an analysis by Birinyi Associates, a stock research firm.

In the weeks between May 9 and June 13, stocks in Brazil fell 29.59 percent. Indian stocks fell 32.44 percent, tumbling from their all-time high, and stocks in Mexico dropped 24.72 percent, according to Birinyi.

In one month, foreign investors pulled $2.7 billion out of Indian stocks alone. The Bogota stock exchange shed 29 percent in a week, including a 10.5 percent drop Monday. Argentine stocks recently hit a six-month low. On Tuesday, Chile's benchmark Ipsa dropped 4.4 percent, its sharpest one-day drop in seven years.

Almost all the emerging markets have since turned around, but the selloff looked like a sign that emerging stocks might be steeply overvalued.

Until recently, their growth has been remarkable. Morgan Stanley Capital International's 25-country Emerging Markets index jumped a whopping 35 percent in 2005, compared to a 5 percent gain for the Standard & Poor's 500.

The returns were so good, some retail investors put 100 percent of their portfolios in emerging markets, said Quincy Krosby, chief investment strategist for The Hartford Financial Services Group Inc., the Connecticut-based insurance company.

"It was very similar to the Nasdaq in the winter of '99," she said. "A lot of the money came in at the top of this peak."

Mutual fund investors have held little back as they chased international growth. For the first four months of this year, world equity mutual funds had inflows of $79.70 billion, dwarfing U.S. domestic fund inflows of $39.89 billion, according to the Investment Company Institute, the mutual fund industry's trade group.

Then, there were the hot emerging market initial public offerings, such as last year's Baidu.com Inc. IPO and Bank of China's Hong Kong IPO, which raised $11.2 billion earlier this month, making it the world's fourth-largest IPO ever.

Offerings by companies based outside the U.S. and Bermuda have dwarfed IPOs by companies based in the U.S. and Bermuda, which is a popular offshore registry for U.S. companies. International markets' public offerings had a deal value of $663.92 billion for 2005 and the beginning of 2006. By contrast, U.S. and Bermuda companies' offerings totaled $275.51 billion, according to Dealogic Analytics.

The flood of international IPOs versus those from the U.S. prompted Tobias Levkovich, Citigroup's chief U.S. equities strategist, to wonder, in a recent note, "If 2000 was the peak of the U.S. technology bubble, could this ... signal a comparable peak in non-U.S. markets?"

U.S. investors who buy on these markets' dips may be trying to catch "falling knives," Levkovich warned, saying the 1990s tech correction took longer than he expected "and we now wonder if a similar situation is developing in regions like Brazil, India, Turkey and Arabia, all of which have been battered this year."

Charles Biderman, chief executive officer of TrimTabs Investment Research, estimates that U.S. investors, both individuals and hedge funds, have poured $500 billion into emerging markets since 2004. He blames that outflow for the near stasis in U.S. stocks.

"If the money stops going offshore and goes into U.S. stocks, this could be the hot market going forward," Biderman said. "We hope. Fingers crossed."

[LisaAu]

It's going to be interesting to see how these new CHY shares added to the market impact daily volume and volatility.

Volume today has already declined a fair amount since noon.

[OldAIMGuy]

Yesterday's NAV on CHY was $14.87, I believe. That means this issue came to market at a "premium" and seems to have been absorbed. Amazing!

Best regards, Tom

[OldAIMGuy]

Wow Lisa, Thanks for the update. I must have been napping while all that was going on. It looks like it was received well enough.

I have from time to time bought conv. bonds myself and have high praise for what they've been doing with the funds. I hope they find reasonable homes for all the new funds, too.

Best regards, Tom

[LisaAu]

Hello Tom,

See: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B9348D56D%2DD97F%2D4A13%2D8434%2DB882346C8A5...

BTW: I like your site's header!

[OldAIMGuy]

Good morning Lisa, Re: CHY............

Now what will they do with the proceeds after selling? Maybe they're going to pay down their margin debt!!

I don't think I've ever noticed this big a "dividend capture" event with them before. But then I've not watched that closely, either. I'll pull up a chart and see if there's been other months where this has occurred.

I'm still holding a lot of it and plan on adding if the price/share discounts reasonably sometime in the future.

Best regards, Tom

[LisaAu]

Note the volume on CHY this AM.

Div was paid yesterday.

[kaviyarasu]

For a while AIMers will be under water, BTW As Tom said that is exactly what we have been waiting for all these days by keeping so much cash to SINK.

Kavi.

[mokew]

kaviyarasu
Ah, hah, not if you pick the right ones. lol

[OldAIMGuy]

Hi Kavi, I always reserve my biggest smiles for when the cash drawer is empty!

It seems that this is a common trait amongst all AIM users.

Best regards, Tom

[EZ2]

OT: Indian Shares Slip in Volatile Trading

Wednesday June 14, 7:24 am ET
Indian Shares Slip in Volatile Trading, Reversing Early Gains

BOMBAY, India (AP) -- Indian shares slipped in volatile trading Wednesday and the benchmark index fell to a six-month low, reversing early gains.
The 30-share Sensex of the Bombay Stock Exchange ended 133 points, or 1.5 percent, lower at 8,929 points, after a roller coaster day that saw the benchmark index swing nearly 600 points. The index had tumbled 4.4 percent a day before.

The Sensex rose as much as 3.6 percent to 9,387 points in early trading, but later slipped 588 points to an intraday low of 8,799 points.

On the rival National Stock Exchange, the 50-company S&P Nifty index jumped 85 points, or 3.2 percent, in the first 10 minutes of trading before tumbling to an intraday low of 2,596 points. At closing, the Nifty index was down 30 points, or 1.2 percent, at 2,633.

It wasn't immediately clear what triggered the fall in late trading, as dealers had earlier said the market opened stronger because some foreign funds have resumed buying stocks that they believe have fallen to attractive levels.

Foreign institutional investors, who pulled out US$2.73 billion (euro2.13 billion) between May 13 and June 2 from the Indian stock market, have been net buyers over the past week, according to latest data from the Securities Exchange Board of India.

On Tuesday, these funds bought US$21 million in Indian stocks, even as the market fell sharply with the Sensex tumbling 4.4 percent, data from the market regulator showed.

The Indian stock market has been among the hardest hit over the last month amid concerns about higher interest rates in the U.S. and elsewhere, which could slow global growth. The Sensex has fallen more than 25 percent after hitting an all-time high of 12,612 points on May 10.

Some analysts believe investors will come back to the market given the earning potential of Indian companies and the prospects of the broader economy, which is growing 8 percent annually.

"They are all waiting for some momentum and stability in the market," said Deven Choksey at Bombay-based brokerage K.R. Choksey Securities.

Most bluechip stocks fell Wednesday. Technology companies led the losses with Infosys Technologies Ltd. dropping 6 percent to 2,484 rupees and TCS Ltd. slipping 5.3 percent to 1,488 rupees.

[kaviyarasu]

Re mutual funds.

Thanks Tom,
I will check out the local library. I think all of sudden
we are getting more investment oppurtunities. Now we are going to run out of CASH pretty soon.

Kavi.

[EZ2]

WOW ~~~ every one of these is RED (w/ exception of one = OSM)

Symbol Change Volume Trade Name Bid Ask Div/Shr Yield


CSQ 0.18 (1.30%) 335,100 13.67 CALAMOS STRGC TTL RT - - 1.17 8.40%

DVY 0.64 (1.02%) 545,100 62.29 ISHARES DOW SEL DIV - - - -
EEM 1.86 (2.22%) 12,984,300 81.95 ISHARES MSCI E.M.I.F - - - -
EFA 1.92 (3.13%) 6,078,200 59.46 ISHARES MSCI EAFE FD - - - -
EPP 3.18 (3.09%) 331,100 99.82 ISHARES MSCI EX JAP - - - -
EWA 0.85 (4.24%) 844,600 19.18 ISHARE MSCI AUSTRALI - - - -
EWG 0.58 (2.73%) 1,557,300 20.67 ISHARE MSCI GERMANY - - - -
EWH 0.36 (2.81%) 4,420,700 12.44 ISHARE MSCI HONGKONG - - - -
EWJ 0.44 (3.46%) 62,461,700 12.29 ISHARE MSCI JAPAN IN - - - -
EWM 0.17 (2.37%) 1,245,800 6.99 ISHARE MSCI MALAYS F - - - -
EWS 0.01 (0.12%) 1,054,300 8.05 ISHARE MSCI SINGAPOR - - - -
FPX 0.34 (1.86%) 13,000 17.95 FIRST TRUST IPOX - - - -
FXI 2.52 (3.68%) 1,332,800 65.98 ISHARES TR FTSE INDX - - - -
GAU 0.00 (0.00%) 0 3.00 N/A - - - -
GDX 1.58 (4.68%) 1,576,200 32.20 MKT VECT GOLD MNRS - - - -
GIM 0.06 (0.66%) 283,100 8.98 TEMPLETON GLOBAL ICM - - 0.50 5.60%
GLD 4.11 (6.85%) 26,112,000 55.92 STREETTRACKS GOLD TR - - - -
GRR 1.10 (7.05%) 77,000 14.50 ASIA TIGERS FUND INC - - N/A N/A
IAU 4.08 (6.79%) 670,800 56.00 ISHARES COMEX GOLD - - - -
IFN 0.80 (2.09%) 1,693,100 37.55 INDIA FUND (THE) - - 5.53 13.20%
IGE 2.67 (2.94%) 342,400 88.00 ISHARES GS NAT RES - - - -
IIF 0.35 (0.95%) 605,800 36.45 MS INDIA INV FD - - 3.88 9.90%
ILF 3.82 (3.25%) 888,700 113.73 ISHARES S&P LAT AM40 - - - -
IVV 1.13 (0.91%) 905,700 122.92 ISHARE S&P 500 INDX - - - -
IVW 0.47 (0.82%) 326,600 56.67 ISHARE SP500 BAR/GRO - - - -
IYH 0.24 (0.40%) 79,100 59.62 ISHARE DJ HLTHCR SC - - - -
OSM +0.23 (1.00%) 10,300 23.18 SLM CPI LKD NT - - - -
PBW 0.90 (4.89%) 1,116,300 17.50 PS WILDERHILL ENRGY - - - -
PGJ 0.65 (4.38%) 330,800 14.19 POWERSHARES ETF - - - -
PHO 0.35 (2.18%) 1,339,700 15.69 PS WATER RESOURCE - - - -
PXJ 0.24 (1.30%) 267,700 18.16 POWERSHARES DYNAMIC - - - -
QQEW 0.13 (0.74%) 14,214 17.51 FIRST TRUST NASDAQ-1 17.45 17.48 - -
SLV 12.84 (11.75%) 2,055,000 96.46 ISHARES SILVER TRUST - - - -
TDF 1.10 (5.76%) 451,100 18.01 TEMPLETON DRAGON FND - - 1.16 5.90%
TRF 4.58 (8.37%) 375,900 50.13 TEMPLETON RUSS&EEUR - - 11.22 18.80%
USO 1.91 (2.85%) 597,400 65.17 U.S. OIL FUND ETF - - - -
VHT 0.31 (0.60%) 42,800 51.36 VANGUARD HEALTH CARE - - - -
VPU 0.76 (1.12%) 3,700 66.85 VANGUARD UTILITIES - - - -
XLE 1.53 (2.96%) 37,482,100 50.19 ENERGY SELECT SPDR - - - -
XLF 0.63 (1.95%) 19,522,900 31.70 FINANCIAL SEL SPDR - - - -
XLI 0.10 (0.31%) 1,810,300 32.33 INDUSTRIAL SPDR - - - -
XLU 0.39 (1.20%) 6,788,200 32.15 UTILITIES SEL SPDR

[EZ2]

Indian Stocks Hit Lowest Point This Year
Tuesday June 13, 7:25 am ET

Indian Benchmark Stock Index Tumbles 4.4 Percent to Lowest Point This Year

BOMBAY, India (AP) -- Indian shares fell sharply Tuesday, with the benchmark index tumbling 4.4 percent to its lowest point this year amid declines in global markets.
All but one of the 30 shares tracked by the Sensex, the benchmark index of the Bombay Stock Exchange, were down as investors sold off blue chips. The index fell 414 points to 9,063.

On the rival National Stock Exchange, the 50-company S&P Nifty index fell 4.1 percent to 2,663 points.

Earlier Tuesday, the Sensex fell as much as 5 percent to an intraday low of 8,994 points, before recovering slightly.

There was little buying interest among investors who remained jittery amid declines Japan and elsewhere in Asia. Wall Street and European markets also closed lower overnight.

"Buying is shallow," said Vivek Mahajan, the chief dealer at investment firm IL & FS Investments. "I think the weakness will persist. In case we see European markets opening weak later in the day, then the pressure (on Indian shares) will continue."

Analysts said Indian markets were taking their cue from global markets, "but it provides an excellent time to buy value stocks," said Porinju Veliyath, chief executive officer of investment management company Equity Intelligence, adding that eventually stocks should reflect their true value.

The Indian stock market has been among the hardest hit over the last month amid concerns about higher interest rates and slowing global growth. The Sensex has now fallen more than 25 percent after hitting an all-time high of 12,612 points on May 10.

Among blue chips, housing finance company HDFC Ltd. led the losses falling 9.6 percent to 1,017 rupees, while Tata Steel dropped 8.5 percent to 390 rupees. Sensex heavyweight Reliance Industries fell 4.9 percent 856 rupees.

Auto stocks, which have tumbled after the government increased fuel prices last week, also fell sharply. Maruti Udyog Ltd., the country's largest car manufacturer, fell 6.6 percent to 702 rupees and motorcycle maker Hero Honda Ltd. was down 7 percent at 658 rupees.

[OldAIMGuy]

Hi Kavi, Either here or on the regular AIM BB will be fine. I'll have to look this one up.

For years I would track in Forbes the mutual funds that were A+ in bull markets and F in bear ones. These tended to work quite well with AIM, while not being very popular with Buy & Hold investors. The particular issue came out in late August or early September each year. I believe they still have their annual fund ranking. You could probably find the copy at a local library.

Best regards, Tom

[kaviyarasu]

Mutual fund - BRAIX AIMing

I have been watching this mutual fund for a while, this seems to have real roller coaster price movements with strong long term track record.

This is a newer mutual fund that follows the same principle as
the older closed mutual fund BRAGX

Do we have a discussion board for discussing mutual funds or it belongs here.

Kavi.

[OldAIMGuy]

Thanks Kavi,

Here they are together:

http://stockcharts.com/webcgi/perf.html?PIV,FVI

Looks like PIV has serious AIM potential!

Best regards, Tom

[kaviyarasu]

Re FVI

I came across another ETF (PIV) from powershares that seems
to have similar objective. It selects the stocks based on valueline timeliness.

Kavi.

[kaviyarasu]

Re: IFN

Well Ez

Patience pays off, it is tempting already, still i want to
to do TWINWEST ing by splitting the total amount in to 3 or 4
equal installments and do it as it further drops.

Kavi.

[OldAIMGuy]

Some nice action in the non-US ETFs today for the virtual account I'm watching..............

Buy in EWJ


Buy in EWW


Buy in FXI


So, it appears that some of the fat has been rendered from some of these. The cash is now starting to be re-deployed in building inventory.

Best regards, Tom