WEBS MALAYSIA (AMEX:EWM) Message Board

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

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To: margaret foley who wrote (17)	4/28/1999 6:41:00 PM
From: Bob Rudd	Read Replies (1) of 33

Margaret: That link didn't work. EWM is only one I hold. On the plane today saw Economist's Big Mac index...indicated Malaysia's currency is 51% undervalued on PPP basis. They've got political problems, but balance of payments is solid and workforce is skilled. I like the country on risk adjusted basis. That's what EWM is, an index bet on overall Malaysia rebound...I think it's a good bet. There will be lot's of volatility as this occurs. Would add to positions on pullbacks. BTW, also based on Big Mac PPP China Won looks similarly undervalued, so may be unlikely to be be devalued...significant overhanging worry for the region. All this IMO...do your own DD. bob

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