Closed End Mutual Funds..HQH Message Board

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

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To: James F. Hopkins who wrote (29)	7/16/1998 1:12:00 AM
From: Bonnie Bear	Read Replies (1) of 38

Hmm..everything is depressed except the nifty fifty. And what you describe is about the return of the Russell 2000. FUND had BHIKF(Belize) Velcro (Neth) PIOG (Russia) RYAAY (ireland) as top holdings, if they changed it was only because they took some profits so the dividend should be nice. I strongly agree with the approach of finding foreign companies doing business in the US. The US is one of the few places in the world that has laws protecting shareholders. Until most of the world gets an enforceable legal system you can bet that emerging-market stockholders will continue to be shafted. That's why I suggested the bond/convertible funds, bondholders are better protected plus you get a large monthly dividend. You might like AMO or GGT if you want something that moves with the tech stocks. Don't forget to look at dividends- the best feature of CEFs is that the dividend is based on market not NAV so you get a better dividend in a CEF below NAV. CEFs are really best for long-term investors who want to take advantage of dividend reinvestment. If you want to trade em, stay away from AMEX funds, the bid-ask will wipe you out in a volatile market.

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