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Strategies & Market Trends : Russia/Templeton Russia Fund (TRF) -- Ignore unavailable to you. Want to Upgrade?

To: Captain James T. Kirk who wrote (47)	1/15/1998 12:38:00 PM
From: Quang Nguyen	Respond to of 94

Yes, Sir. TRF traded on the NYSE. Sorry for late response. I hope someone pick up some TRF @ $32.5 - $33 then sell at this level $37. I did not. Quang Nguyen.

To: Captain James T. Kirk who wrote (47)	1/17/1998 5:52:00 PM
From: Thomas Haegin	Read Replies (1) \| Respond to of 94

Jimmy, yes, both TRF and RNE are closed-end funds that are traded on the NYSE. RNE has a broader portfolio country-wise. TRF focusses exclusively on Russia. TRF historically trades at a premium to NAV, whereas RNE trades at a discount. I have no idea why investors pay a premium to be into TRF. There is an open-ended fund, the Lexington Troika Fund (or very similar name). But the manager left only a few days ago. I have no idea why he went. regards, Thomas