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Strategies & Market Trends : Closed End Global and Country Funds -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (137)	1/2/1998 9:31:00 AM
From: yard_man	Read Replies (2) \| Respond to of 289

I continue to hold FPF, but I'm not sure why. It's been cut in half from where I purchased. Didn't get a lot, but it still hurts to have been cut in half. I also bought APF - down a point or so, amazed its not down more. Also bought the Malaysian Web EWM -- allows you to buy the Malaysian index at par. I would encourage you to wait for the next good shock or 3 - 6 months before purchasing that one also. I'm in right now at an average cost of 7 with the shares trading around 5 lately. I think its a fairly good buy at 5, but if it could get to 4 1/2 or 4 3/8 why pay more.

To: Mike McFarland who wrote (137)	1/2/1998 6:01:00 PM
From: Jyoti sharma	Read Replies (2) \| Respond to of 289

Mike, I have been investing in CE funds for a while. My experience is to make money with country funds you have buy them on bad news and sell them on good. PKF may not be a great buy. I have owned this for a while and one of the very few CE funds lost money. Pakistan has major problems and it will take a long time to solve them. I think FPF, KF, EWM have very limited downside risk and potential of doubling within 18 months. I would also buy India, Singapore, Taiwan on a major down turn ( I just sold IIF for a quick 20% profit). Indian elections are around the corner and negative surprise will cause the market to crash. Good investing and happy new year. Jyoti