The following country specific closed-end funds are trading at a discount to their NAVs. This means they are cheap to pick up at these levels. This is not the only factor that must be considered before investing in them. But its a good point to starting one’s research into the world of closed-end funds. In bear markets investing in individual stocks is not for the faint-hearted especially when it comes to investing in foreign markets. So taking the funds route like an ETF or a closed-end fund is a good idea.

1.Templeton Dragon Fund – TDF
Discount to NAV: -12.98%
Distribution Rate: 1.37%

2.India Fund – IFN
Discount to NAV: -4.7%
Distribution Rate: 0.34%

3.Korea Fund – KF
Discount to NAV: -8.33%
Distribution Rate: 0.95%

4.Taiwan Fund – TWN
Discount to NAV: -8.22%
Distribution Rate: 3.02%

5.Singapore Fund – SGF
Discount to NAV: -9.05%
Distribution Rate: 7.78%

Note: All data as of August 25,2008.