HM, Fidelity Advisors Korea was one of my best performing CEFs last year. I would wait for a pullback. The DRAM comeback is not real, so that will make it tougher.
Japan was a good choice and I made money on APF, which is over 40% Japan, and the Japan Web, EWJ, last year. Again, my holdings are almost gone in these now. The news about the Treasury repatriation is too well known now to mean much. The govt's return to lower rates is a mistake and I won't buy the stocks until they raise rates again.
As a contrarian, I am looking at The Phillipines (FPF), Southern Africa (SOA), Malaysia Web (EWJ), Swiss Helvetia (SWZ), Austria (OST), Australia (IAF), Chile (CH), and China (TDF, TCH) as being the most likely to move up strongly this year.
MB |
