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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: synchro who wrote (637)	12/31/1997 7:41:00 AM
From: Tommaso	Respond to of 3902

Good advice --I think-- on the closed end Korea Funds. But they are certainly worth watching. Because the management is protected (usually) from shareholder redemptions, though, they trade less, and I imagine they are still mostly in stocks. The drastic decline of their NAV would argue that they are in stocks. Unless there's something about Korean law that forces them to hold Korean currency when they sell stocks. But if enough holders outside Korea sell out to bring the stock price down to NAV or below, that's the way to get a pure Korea play.

To: synchro who wrote (637)	12/31/1997 7:57:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 3902

Hi synchro, I think you nailed the problem right there. The currency conversion will give you a loss right from the start. No doubt, the currency would turn around some, one hopes, but this is the very reason U.S. investments are so attractive today. Go figure... GZ