WEBS MALAYSIA (AMEX:EWM) Message Board

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Strategies & Market Trends : WEBS MALAYSIA (AMEX:EWM)

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To: Rational who wrote (5)	10/15/1998 12:49:00 PM
From: peter michaelson	Read Replies (1) of 33

I mean simply that if the two funds, EWM and MF, used the same exchange rate - that is the common exchange rate. Please correct me if I am wrong...... If we translate today's NAV back to ringgit and then use the same exchange rate for both we have .... MF = NAVxRateUsed/Common Rate(arbitrary) = 2.28x3.8/4.0 = 2.17 MF Price = $3.50 Premium = (3.50-2.17)/2.17=61% EWM = 2.31x5.07/4 = 2.93 EWM Price = $2.125 Premium = (2.125-2.93)/2.125 = -38%. Difference = 99% WOW! Same as Thailand. Is this right? peter

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