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Strategies & Market Trends : Closed End Global and Country Funds

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To: Mike McFarland who wrote (137)1/2/1998 6:01:00 PM
From: Jyoti sharma  Read Replies (2) of 289
 
Mike,

I have been investing in CE funds for a while. My experience is to make money with country funds you have buy them on bad news and sell them on good.

PKF may not be a great buy. I have owned this for a while and one of the very few CE funds lost money. Pakistan has major problems and it will take a long time to solve them. I think FPF, KF, EWM have very limited downside risk and potential of doubling within 18 months. I would also buy India, Singapore, Taiwan on a major down turn ( I just sold IIF for a quick 20% profit). Indian elections are around the corner and negative surprise will cause the market to crash.

Good investing and happy new year.

Jyoti
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