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Strategies & Market Trends : Thai Funds -- Ignore unavailable to you. Want to Upgrade?

To: Shoe who wrote (30)	10/29/1997 8:30:00 PM
From: Polartee	Read Replies (1) \| Respond to of 107

I was right about Asia but wrong on New York which started out strong but ended down slightly by the end of the day. It's getting harder to predict now but I wouldn't be surprised to see Hong Kong fall again (say 10%) after rising 18-19% today. New York will be choppy and probably down by the end of the day. I was a bit surprised that Thailand hardly participated in the Asian rally today but this helped knock down the price of TTF by about a buck after it's big rise yesterday (good). I don't actually own any Canadian closed ends but UNC would be my preference given it's relatively better performance (and higher discount) compared to CGI. Neither EVT or UNC have great liquidity though. EVT didn't even trade today and it's a fund that really doesn't do a good job of promotion. Even if the discount on UNC never gets smaller than 30%, and UNC only matches the market performance, it's a great long term hold because your dividend yield is enhanced over owning the fund's holdings directly...only thing is the dividend yield on stocks is nothing to get excited about.