Irene, Templeton Dragon and Templeton China are the two best mananged funds in Chinese investing. Mark Mobius does his homework and he is a veteran. He is also fairly bright. When you choose between these two, you just buy the one with the highest discount, as they are virtual clones. China is not my favorite Asian play right now. I think the potential is tremendous and I love it longer term, but right now, I believe the short term recovery prospects are stronger in the great economies of Asia: Taiwan, Japan, Singapore, and in the real dead meat, Indonesia, Malaysia, Thailand, Korea. China, like India, is somewhere in the middle. At one time I owned full positions of TCH, TDF, Greater China (GCH), China (CHN) and Jardine-Fleming China (JCF). Those made me tons of money. But right now, though the price is down, I only own a third position of TCH. It is not that I dislike China, I just think the immediate opportunity is better in some of its neighbors.
However, the largest country in the world, and one of the most belligerent, may be the squeaky wheel that gets all the grease, so I want to maintain some money there.
MB |
