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Strategies & Market Trends : Asia Forum

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To: peter michaelson who wrote (1595)	1/26/1998 10:28:00 PM
From: Derrick P.	Read Replies (3) of 9980

Peter, You can get a listing of the top ten holdings for the Indonesia Fund at: trustnet.co.uk Since these top ten make up well over 50% of the fund that should give you a good idea of what they have. Then you can go to global-investor.com for a list of Indonesian ADR's. Unfortunately they do not match up to well as there seem to be only 11 ADR's available. Asian Pulp and Paper is one of them and trades as PAP on the NYSE. There are quotes available from Jakarta at cbs.marketwatch.com but I could not find Asian P & P. Not sure how accurate their quotes are as they all seem to be showing big 10% + gains tonight, hmmmm. It would be almost certain to make good money if you could develop your own 'basket' of Indonesian ADR's and then shorted the Indonesia Fund, as it appears to be trading at over a 100% premium to NAV. (according to the trustnet site above). Regards, Derrick P.S. I see from following your links that you have already thought of shorting it. Good luck.

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