Silicon Investor (SI) -- The First Internet Community

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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (86663)	12/11/2000 10:06:11 PM
From: Knighty Tin	Read Replies (4) \| Respond to of 132070

Closed End Funds, Part Two of Part Two. In Africa, I still love Southern Africa as the conservative play in a risky area, though my holdings have to be tempered somewhat by my position in ASA. A 27% discount on a well run fund. Morgan Stuckup Africa has a lot of appeal. I worry about that management company's penchant for rip-off rights offerings, but otherwise, it looks like a nice bounce play. In Latin America, I am not very excited. They have too much dependence upon the long in the tooth US economy. However, if I were to play it, I would look at the 20% discount on the well-managed Latin Discovery Fund. Also, I may jump on Brazil Equity if I drops another 15% or so. I am thinking Brazil may benefit when my Portugal Fund rises next year. Asia has some dandies. At a 20% discount, Japan Equity looks cheap, even discounting the scary fact that it is managed by a winner of the Nobel Prize for Economics. Japan Over The Counter doesn't quite look ripe yet, to me, but I could pounce on it if it gets any weaker. Morgan Stapleremover Asia-Pacific is nice in that it has a fat discount and a 45% Japanese weighting. A very indexy sort of fund, which is not all that bad if you get it with a discount. Singapore Fund has always been good to me and it looks cheap again, here. IMHO, Singapore is the prime Asian play this year. On the hold your nose side of things, I am going back into Thai Capital for the first time in many moons. We are back to the Asian meltdown prices for this one. "Hot night in Bangkok and the world's your oyster, Thin line between despair and ecstasy. And there's a god in every golden cloister, and if your lucky then the god's a she. I can feel the Devil walking next to me." Apologies to "Chess," but I don't think this country is about to disappear. O.K., I was saying the same thing about Carthage once. <g> There is no conservative choice on the sub-Continent, but I do like both The Jardine-Fleming India Fund and The Pakistan Fund. I also like the other 3 Indian funds, though J-F has become the performance leader lately, and they always have the prettiest annual reports. <g> There is a lot of capitalistic fervor here and they actually make stuff instead of New Pair of Dimes fluff. First Australia? Lukewarm. I hold some, but it is not a screaming buy at its relatively low discount. The Canadian Funds? Maybe later, but they don't look distressed enough for me yet. Good Luck.