It looks like larger version of the ill fated MNCS but, GF is an index fund of German Stocks which trades like a regualr stock. It has been on a rally since June 06 and while it only goes up .1-1% a day it does it consistantly. http://finance.yahoo.com/q/bc?s=GF&t=1y&l=off&z=m&q=l&c=
Keeps going up... I don't own any GF cause I am not knowledgable about the German economy and I don't buy stocks/funds I don't fully understand. GF is The New Germany Fund I wish Yahoo would give it a message board
It is a CEF owning German stocks. Here is a snapshot of it: http://www.cefa.com/FundSelector/FundDetail.fs?ID=3232 Trades at a discount of 8% to its NAV right now.