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Strategies & Market Trends : Russia/Templeton Russia Fund (TRF)

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To: Sonny Blue who wrote (3)7/23/1997 10:31:00 AM
From: Quang Nguyen   of 94
 
Sonny, thank you for your informations.
I refused to buy TRF when Boris Yeltsin in hospital last year, after that I have been seen her to go up and up. Last week I took my change to buy at the "dip" because:
- Russian's recent economic gains, political and economic risks in Russia are ebbing.
- Inflation is stable at a 13% annual rate, the ruble is strong and has steadied at 5,780 to $US for past two week, gold and hard-currency reserves jumped to $24 billion from low $15 bil in January.
- TRF shares' demand is so high.
Indee, a lot of risk, but I am willing to take a change.
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