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Strategies & Market Trends : Thai Funds

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To: peter michaelson who wrote (52)	1/14/1998 7:01:00 PM
From: Polartee	of 107

You might try Greenline in Canada. They have a big Asian client base so may trade in Thailand. They operate in the U.S. now I believe as Waterhouse. TTF was at a 170% premium yesterday according to Trustnet and today it went up over 1/2 to 7 1/2. I wonder if the shorts are starting to cover their positions, especially if they sold when TTF was 2 or 3 times as expensive. This may be contributing to the price runup. They don't want to be caught in a surging market for the SET and baht. And neither do I. Actually SSG looks like it could be a good hedge for me. It trades on London and I can get a bid/ask from Yahoo quote server for Europe. No bid/ask shows for the Thai Euro Fund (75IM) though. SSG is at a discount to NAV. Although the transaction costs are high it seems like a more attractive alternative to me than covering my short TTF when there is still so much premium left to profit from when it eventually corrects. Is there anything other than the transaction costs that you don't like about SSG? Regards, John

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