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Strategies & Market Trends : Thai Funds
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To: Polartee who wrote (34)11/19/1997 1:52:00 AM
From: Philip H. Lee  Read Replies (1) of 107
 
Thailand now the #1 country weighting (12%) for Mark Mobius' Templeton Emerging Market Fund as of 10/31.

See November 19 Wall Street Journal, Asia section.
interactive.wsj.com
(Subscription of $49/year required - includes online Wall Street Journal, Barron's, and Dow Jones Newswire).

Brief excerpt:
"The hefty Thai weighting at Templeton, a unit of San Mateo, California-based Franklin Resources Inc., is in line with Mr. Mobius's famously contrarian views on emerging markets. Thailand's stock-market index is currently down more than 80% from its peak in December 1993 and the country faces an economic crunch from its fluctuating currency, which was floated in July."

Philip
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