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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Richard Tsang who wrote (916)	11/21/1997 3:27:00 PM
From: George Papadopoulos	Read Replies (1) \| Respond to of 2951

I have owned and continue to buy TCH a closed end Chinese/Hong Kong fund managed by Mobius. The discount has been ranging from 15 to 19% in the last month. I am in it for the looooong term to use it for college education funding for my baby son who is about to be born any day now. Take a look at it and do your own DD. If I remember correctly Asia Tigers had a very high expense ratio. Doug, I am interested in your opinion on the skills and reputation of Mobius. I have just bookmarked this subject and looking forward to learn more about Hong Kong. George

To: Richard Tsang who wrote (916)	11/22/1997 2:31:00 AM
From: ----------	Read Replies (1) \| Respond to of 2951

Richard: I mean no offense, but it would be imprudent of me to suggest what might be a good investment for you or anyone, other than myself. I do own a couple of closed end funds. GRR is not one of them. I'm not particularly impressed with the record of the management, nor do I like their country diversification. I would not normally use a name of a firm, but since it is fact, I will use it. A relative recently sent me the most recent report on the Merrill Lynch Dragon Fund, and asked me what I thought. The fund had investments broken down by country. It showed cost & market value in each country. I told them EXACTLY what the report said..."The fund has made money in China & Hong Kong. They are getting their butt kicked in almost every other country they have attempted to make profitable investments." I would be very surprised if GRR is not similar. If you wish to shop for a closed end fund, start here: trustnet.co.uk (I'll bet I have more links than you have questions. <bg>) Personally, I have been buying what I can prudently afford to. Some funds are selling at so much below their NAV, I cannot believe I can buy them at these prices without the use of a gun. <g> Just my opinion. Please check into any potential investment before you decide to invest. Best Regards, Doug