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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (5579)	2/12/2002 7:21:09 PM
From: Moominoid	Read Replies (1) \| Respond to of 33421

There are "international bond funds" may be one or two on the market. But you can't get any more specific than that. In stocks there are some specific funds for Japan, Asia, Europe, US. Remember this country has the same population as Texas. On mutual funds I have a closed end fund that is more like a hedge fund (Platinum Capital PMC.AX). Otherwise all the money is in 5 different funds with Colonial First State (www.colonialfirststate.com.au). This makes life easier. They don't offer any retail pure bond funds - Australian or foreign. But they are an excellent manager for Australian Stocks. Everyone here has superannuation but most are in defined benefit industry funds (and that is stuck there till youa re 55-60). About half of households own stock or mutual funds. But many of those are a few thousand bucks of Telstra, NRMA, Commonwealth Bank etc. Property investment remains very popular (owner occupier and for rental). So as Joan said for the average non-business person it is hard to hedge - instruments are difficult to access and they just don't have the funds to do it. David