Cranky About Bernanke?

I pick on CNBC more often than not but I gotta say I got a chuckle from their Cranky about Bernanke tease I just heard.

ING just listed the Asia Pacific High Dividend Equity Income Fund (IAE). This could be an interesting fund that will be competition for the WisdomTree equivalent soon (I think) to be listed.

Since it is a closed end fund it is listing with a big premium to NAV so that everyone gets paid and there will not be any holding information for a while as the listing is what raised the money to seed the fund.

The other day Erin said something about not thinking of dividends when she thinks of Asia but of course if you look you will see that many stocks and a couple of the regional ETFs have very high yields.

My guess is that this fund will be heavy in financials but there are some tech stocks, like from Taiwan, that also have more yield than you'd expect and could end up in the fund too.

I will be surprised if the fund is truly revolutionary with big positions in a frontier market or two but it does not have to be radically different to be better mousetrap. To be clear I don't know but I am willing to keep tabs on it.