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Strategies & Market Trends : Thai Funds

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To: alan lewis who wrote (94)	4/1/1998 1:07:00 AM
From: peter michaelson	Read Replies (1) of 107

Alan: Today I exchanged my FAK for KF long against the ADR shorts. For a brief time, KF was at a lower premium than FAK - about 8%. Now there's an unusual sight. FAK has under-performed MAKOX since we last discussed this issue, so I really regret having used FAK. Plus, its premium declined. Oh well, I should have acted on your advice a month ago. regards, peter

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