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: Mike 2.0 who wrote (35)	5/12/1997 3:56:00 PM
From: Scott Mc	of 289

Mike, what an excellant idea... From my perpective would be very safe, however it wouldn't make sense for me since... 1. I would have to put margin up to cover short 2. Id have to pay dividends on the short (cancel out from the long) 3. I'd have to put margin up to cover the long. 4. Probably have to hold for a year The spread would probably reduce in which case return would be approx 10% (if reduces by 10%)or so, minus the carrying costs. For a small player like me, no good, I suspect a large player could not get the volume on the closed end fund to justify it. I currently own 3 closed end funds, which I buy and sell trying to catch the market sentiments (-30 to -10) on discounts. Scott

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