WEBS MALAYSIA (AMEX:EWM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rational who wrote (7)	10/16/1998 12:50:00 AM
From: peter michaelson	Read Replies (1) of 33

Rational: " My question is not, "Why MF and TTF trade at premiums?" My question is, "Given that a closed-end Malaysian fund trades at a premium, why should a comparable closed-end fund, EWM, trade at a discount?" That is the question that I have been unable to answer, although I have profited well over the last couple of years from the shifts that occur in the discrepancies. The two arbitrages I most commonly have practiced are TTF/TC and MF/EWM. I also am long some international funds that invest in Thailand. I think the answer lies somewhere in the mixing of the investing emotions of the particular target market with those of the U.S. market. Factors unique to the particular fund must also play a part, such as individual vs. institutional ownership, strength of sponsorship (especially Morgan Stanly) and who knows what else. Until about a year ago I read pretty much all the research available on the subject and came up empty. It's amazing to me that something so simple in concept can be so complex to actually explain in practice. I have historical data that I'd be happy to share. Also would recommend taking a look at Sam Raja's icefi.com. BTW, what has been the outcome on Crown Books? peter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next