FAX-- FCO -- TGG -- Chris, I think you've got a great idea. I used to own FAX when it was first Australia. I believe you'll see the AUD up 25% over the next two years. The NZD should trade upward as well, so FAX should do well over the next year or two, It's obviously overbought shorter term, and so you have the age old issue of how to buy or add to that type of trending stock.
Aberdeen Asia-Pacific Prime Income Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fund's investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. The Fund will seek to achieve its investment objective through investment in Asian debt securities and Australian debt securities. The composition of the Fund's total investments as of October 31, 2001, is as follows: Australia (63.5%) Asia (including New Zealand) (12.8%) and the United States (23.7%).
TGG Templeton Global, should also do well.
FCO I like as well after seeing what the investment focus is:
Aberdeen Commonwealth Income Fund, Inc. (NYSE: FCO)
The Fund's principal investment objective is to provide high current income by investing primarily in fixed-income securities denominated in the Australian Dollar, the Canadian Dollar, the New Zealand Dollar, the Pound Sterling, or any successor countries (the "Commonwealth Currencies"). As a secondary investment objective, the Fund seeks capital appreciation, but only when consistent with its principal investment objective.
Except in anticipation of distribution or other payments to be made in U.S. dollars, it is expected that normally at least 65% of the Fund's total assets will be invested in a portfolio of debt securities denominated in Commonwealth Currencies. The Fund will, under normal circumstances, invest in debt securities denominated in at least three of these currencies and will not hold more
aberdeen-asia.com
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so what other investing ideas do you have? I like these 3 very much. no kidding.
John |
