AWhartHog:
I've got to say it's difficult for me to write "Dear AWhartHog"
Anyway, thanks for those links. Looks like Korea will open almost entirely. Those premiums have diminished from the 100% plus range of earlier this year - SKM is still the highest, but only about 45% now, down from over 150%! Those arbitrages - discussed on this forum earlier this year - have worked out well.
I guess I really should short some more SKM in the morning.
Now, Indonesia Fund rose 14% today while its NAV declined. ICEFI estimates a 140% premium on that closed end fund tonight. Until the currency woes of this week, the IF premium had stabilized and diminished.
Fortunately, I covered some of my shorts earlier this week, but unfortunately it is impossible to short now that the price is under $5.00.
In general, however, the premiums on Asian closed-end funds have declined markedly since last fall, and there are some fairly attractive deals now, particularly in India and Taiwan.
Peter
P.S. Will get back to you on SEC filings. I don't have it figured out as far as ADR filing requirements. I do know you can phone their sponsor - probably Bank of New York or Morgan - and ask them. Big help, huh? |
