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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: benwood who wrote (152474)2/20/2002 5:22:55 PM
From: Knighty Tin  Read Replies (1) of 436258
 
Ben, Everything else being equal, a weaker dollar, or, in this case, a stronger yen, will help the Japanese CEF. The stock funds are not quite as closely coordinated as the bond funds, but it still works. For example, when John Templeton made his reputation in the 1970s, only part of his return was due to the Japanese stocks he bought zooming up. Another part was due to the Yen kicking butt. And, one of the reasons intl stocks have been performing so poorly is because when the results are translated into dollars, they get a haircut. Barron's has a weakly chart that shows how intl. markets do, quoted first in local currency performance and then in dollars. They can be very different.
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