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Strategies & Market Trends : Closed End Mutual Funds..HQH

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To: Bonnie Bear who wrote (28)7/16/1998 12:16:00 AM
From: James F. Hopkins  Read Replies (1) of 38
 
Bonnie; I just sold FUND not long ago, it turned out not to be
as global as I thought it was, I visited the Royce home page,
& they seemed to have shifted FUND to U.S. stocks and are doing the momogogo thing.
The CEs in general haven't been going any where.
I picked 23 of the best looking ones I could find on May 4th,
and put them in a paper portfolio and as a group they are
down 4.13% , but some TMA, CMO, RWT have all taken big hits,
the gainers are few, and nothing to brag about.

This is a depressed sector. On top of that many of them are
doing well NAV wise..but nobody is buying the fund, the discount
gets larger , but the stocks keep falling.
Jim
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