SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Thai Funds
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Polartee who wrote (59)1/28/1998 5:31:00 PM
From: MCsweet  Read Replies (2) of 107
 
Shorting closed-end funds

I've been considering the strategy of shorting the Malaysia fund
(MF) and buying the web (EWM).(I know there are comparable strategies
for the Thai funds if you buy on the overseas market.)

I found an interesting quote in the Malaysian WEB prospectus:

"Indonesia, Malaysia, Singapore, and Thailand currently impose foreign
ownership limits on domestic stock, and when the foreign ownership
limit is reached, foreigners may only trade with other foreigners,
frequently at a price that is higher than the price available to
domestic investors. The Free Indices for such countries are designed
to reflect the actual investment conditions for international
investors by using the foreign for stocks when relevant."

If the Malaysian fund uses the local prices in calculating
NAV, could it be not as expensive as we think when compared to
the Malaysian WEB? Has anyone researched this possibility?

I'm just trying to come up with good reasons why I should not
short the Malaysian fund and buy the WEB.

Thanks!
MCsweet
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News