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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Kapusta Kid who wrote (3029)	1/14/1998 11:47:00 AM
From: James F. Hopkins	Respond to of 78626

To All; MOOV is on the move this morning something is up ! Great book value, and merger deal must be in the bag. Read the folling..and do some fast rescearh Message 3165500 Jim

To: Kapusta Kid who wrote (3029)	1/14/1998 12:17:00 PM
From: Jyoti sharma	Read Replies (2) \| Respond to of 78626

Pete, I agree buying CE funds at premium is not value. However it's a question whether you want to invest in Korea and how do you take advantage of the situation in Korea. KF has the least premium compared to other vehicles. The three Korean ADR's (SKM, KEP, PKX) trade at a premium of over 100% and other Korean CE funds also have high premiums. There is one open fund MAKOX but it is not well managed. In addition KF is the oldest fund and is able to buy almost all its Korean stocks in Korea at Korean prices. To buy KF you must have a strong conviction that Korean market and currency are deeply undervzlued. I know Korea have made several trips and think Korean market will bounce back. Investment in Asia is not without risk and one has to understnad the countries well before making an investment. Best wishes. Jyoti