Closed End Global and Country Funds Message Board

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Strategies & Market Trends : Closed End Global and Country Funds

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To: bob s who wrote (181)	1/12/1998 12:22:00 AM
From: Mike McFarland	of 289

Seems to me FPF is a good bet...I dont beleive the Philippines ever had really spun up like Korea and Indonesia (as far as overcapacity, and in the case of Korea they have not seen wages rise)...I am guessing that it's problems are much less acute than the other Asian countries andthat they have simply been dragged down along with the rest Will hope elections go okay--I believe the occur toward summer, somebody correct me if I am wrong. Another thing that would be tough is the chance of repatriation, the Philiipines can probably not absorb Filipinos coming home if troubled neighbors actually follow through on this. Nevertheless, after being in at 12.5 out at 11, in at 8.5 out at 8...I am finally in to FPF again at 6 (well actually my wife is in, she is probably patient enought to hold it as long as it takes to pay off).

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