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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Condor who wrote (20148)10/17/2004 11:01:52 PM
From: Carlos Blanco  Read Replies (1) of 110194
 
take a look at FAX as well, it's part of the same fund family, but more australasian...i own both, but a lot less FCO because last time i looked it had too much pound sterling. the UK seems to be 2nd only to the USA wrt. housing bubble madness, so i'm not sure its economy & currency can be trusted to do well if/when people regain their senses.

either way, both are good vehicles for pseudo-forex plays inside brokerage accounts without having to deal with futures. the nice dividends are the icing on the cake. not too long ago they traded at a discount to NAV but that's disappered, in a real dollar panic i could see them doing a CEF and building some kind of premium.
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