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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (4637)4/19/2004 3:10:27 PM
From: Knighty Tin  Read Replies (1) | Respond to of 116555
 
T, I was in high school in 1962, so I don't remember the entire story. But it was a hot closed end fund that regularly sold at a premium. Then Japan had a down tick and the thing went to a deep discount. Scudder then open-ended it. The main thing it had going for it was that it was the ONLY way to play Japan if you were an American. The China Fund was the same story when it first came out. Premium, deep discount, premium again.