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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: bob s who wrote (24938)	12/7/1997 3:03:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Bob, I don't like Mexico. Without continuous US handouts, their mishmash of an economy would be in a major depression. However, if I had to choose a CEF there, I would buy Emerging Mexico, the best managed of the bunch with a 25 pct. discount to NAV. That discount and the fact the funds go to premiums during market crashes makes the fund look pretty attractive even if it is in Mexico. -g- I think Mexico Equity and Income is well-managed, but I don't like the idea of Mexican debt. If they do make it this time, you get a much larger reward for being in stocks. If they crap out, the debt in a third-world country isn't much help. The Mexico Fund is on my list of names to kick. They ran the worst rights ripoff this side of Morgan Stanley a few years back and I don't trust them to not pick shareholders pockets in the future. Good investment mgt., poor corporate mgt. How can Mexico possibly be safer than Chile, which has the best managed economy in the world? The answer is that Chilean stocks are not as cheap as Mexican, but they are still cheap relative to their value, IMHO. MB