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Strategies & Market Trends : Closed End Global and Country Funds

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To: bob s who wrote (226)3/9/1998 12:11:00 AM
From: Shoe  Read Replies (1) of 289
 
Bob, I've been accumulating MXF lately, too, though MEF is more likely to give a quick payoff from open-ending or other dramatic discount reduction, IMHO, because it is much smaller and management is under immediate attack from shareholder rights champion Phil Goldstein, with possible institutional support -- see fnews.yahoo.com
MXF's advantages include lower expense ratio of about 1.0 (better than most foreign funds) and higher discount -- only slightly above 52-week average but then the current average discount for all foreign CEFs is more than 4 points below 52-wk average. -- Shoe (long MXF and MEF)
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