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

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To: Captain James T. Kirk who wrote (47)1/17/1998 5:52:00 PM
From: Thomas Haegin  Read Replies (1) of 94
 
Jimmy, yes, both TRF and RNE are closed-end funds that are traded on the NYSE. RNE has a broader portfolio country-wise. TRF focusses exclusively on Russia. TRF historically trades at a premium to NAV, whereas RNE trades at a discount. I have no idea why investors pay a premium to be into TRF.

There is an open-ended fund, the Lexington Troika Fund (or very similar name). But the manager left only a few days ago. I have no idea why he went.

regards,
Thomas
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