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Strategies & Market Trends : Thai Funds

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To: peter michaelson who wrote (74)2/1/1998 8:44:00 AM
From: Polartee   of 107
 
TC is also a so-called local fund intended for offshore investors so I would think the same principal can be applied to them as TTF. TC is at an 85% premium to NAV now and perhaps much of the premium could be explained by the difference between foreign and domestic share prices. To know for sure you'd have to get detailed fund information on the holdings and re-calculate the NAV using foreign prices...a lot of work.

Since TTF is at a higher 122% premium to NAV and the two funds look very similar, the pricing does seem out of whack. But I can't explain their differing performance in early January.

Regards,
John
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