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Strategies & Market Trends : Thai Funds

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To: peter michaelson who wrote (65)1/30/1998 5:47:00 PM
From: MCsweet  Read Replies (2) of 107
 
FYI

As you guys probably already guessed, the NAV for the
Malaysian fund (and I suppose all other closed-end
country funds) stocks are priced at the higher foreign
price for the stocks which the fund has "foreign" ownership
and the lower local price for the stocks which the
closed-end fund has "local" ownership.

The guy at the Malaysian fund told me that most of their
stocks correspond to local ownership. I'm not sure if this
is the case with the Malaysian WEB, but I guess it would only
make a difference if the market was opened up and the premium
on the "foreign" ownership disappeared.

MCsweet
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