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Strategies & Market Trends : Closed End Global and Country Funds

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To: bob s who wrote (270)6/16/1998 10:13:00 AM
From: Mike McFarland  Read Replies (1) of 289
 
Thanks, not to worry, TCH is my second smallest holding,
--enough to make me keep an eye on the fund and the country.
I should say that only they only have about 1/5th in mainland
investments, the rest in Hong Kong, but I believe they are
trying to decrease their position in Hong Kong. When it appears
to have hit bottom, I'll add another batch of shares, and then
the final bunch when it's on a solid trend up.

I actually have two Canadian companies right now, but nobody
really talks much about Canada. U.S. biotech is where a lot
of my money is, but most, 2/3rds, is in cash--too hard to trade
in 401k, so I've never invested--but if I could, I'd put half
my money in SEA right now and try to forget about it for the
next thirty years--by the time I retire, China could be the
economic center of the world, with a secondary center in India,
tertiary center Brazil.
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