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Strategies & Market Trends : Asia Forum

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To: Mohan Marette who wrote (1791)1/31/1998 3:27:00 PM
From: Jyoti sharma  Read Replies (3) of 9980
 
Mohan,

On Korea I would go slow. Easy money has already been made. My core positions in KF and MAKOX are already up over 40%. I have been trading Korean ADR's (SKM, KEP, PKX) for a few months and track them closely. They are all close to the prices before the Korean crash. IN addition they are all trading at a hefty premium of 50-100%.

On mutual funds MAKOX's recent NAV performance is now better than the CEF's . In addition CEF's are trading at a premium to NAV as follows.

KF +26%
KEF +35%
KIF +23%
FAK +14%

I have sold all of my Korean ADR's and hoping to add to my position in MAKOX on a Korean market pull back. Long term I feel Korea offers the best risk/reward in Asia.

Best wishes and good investing,

Jyoti
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