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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (54363)	10/17/2004 9:50:11 PM
From: rolatzi	Read Replies (1) \| Respond to of 74559

FCO isn't exactly what you want but it's the best I can do at the moment. Aberdeen Global Income Fund,Inc. is a closed-end investment company. The Fund seeks high current income. Its secondary objective is capital appreciation. The Fund will normally invest at least 80% of total assets in a portfolio of debt securities denominated in the Australian dollar, Canadian dollar, New Zealand dollar and the pound sterling. The Fund may invest up to 20% of its total assets in global debt securities. The market value weighted avarage of the Fund's investments will be rated not less than A2 by Moody's or A by S&P. The Fund may invest up to 15% of its total assets in debt securities rated below investment grade.

To: Condor who wrote (54363)	10/17/2004 10:50:19 PM
From: energyplay	Respond to of 74559

Pimco emerging markets would qualify, and maybe Templeton emerging markets. Templeton emerging has a closed end veresion, TIE. For Austrailia and some Asia Pacific, there is the Aberdeen FAX closed end. Has been a bit high priced now. Several people on SI have invested/traded FAX successfully. For avoiding the US dollar, there are 3 funds - BEGBX from American Century, and one that starts with an R (RYPNX ?)and one run by Lazard. I think Tommaso had a good run with one of these. Many global funds will have a large US Dollar allocation. Morningstar is a pretty good guide. Note that during times when the US Dollar rises, the non-US D funds have lousy performance, and thus lower "star ratings" These are run as bond funds, NOT hedge fudns doing currency shorts and carry trades.