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Strategies & Market Trends : Thai Funds -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (77)	2/2/1998 4:11:00 AM
From: Michael	Read Replies (3) \| Respond to of 107

Peter/All, While not an expert here, I think I can add some info on the issue of foreign versus local shares. For many countries here there are limits on foreign ownership of certain key companies. EG in Singapore. SPH (Singapore Press Holding) SIA (Airline) and all the banks are restricted to something like 40% max foreign ownership. The shares available to Foreigners (referred to as the Foreign Tranche) are sold under a separate symbol (EG SIA-F). These can also be bought be locals (see below). Shares which do not have a foreign tranche can be bought by both locals and foreigners. Because Foreign Institutions have more money than locals the foreign share typically sells at a premium to the local share. This can vary from as little as 10% during bearish periods to 50% +++ during bull runs. Savvy locals will often buy these shares after a bear drop because when the turnaround comes, they will appreciate much faster than the local tranche. The examples I have given are Singapore though I believe the situation in Thailand is the same. In this case I would assuem that all the funds you mention would be restricted to foreign shares for any counters which have a foreign tranche. You can find the prices for a particular holding by adding -F to the symbol. BTW I don't know if you are aware but pointcast now has an asian edition which can retreive quotes for most of the exchanges in the region. You can find the details at pointcast.com While you are limited to a max of 25 shares. Its still a useful tool. Note I've just checked pointcast and you cannot get the foreign shares, but if you go to the following page. set.or.th and enter say SHIN and SHIN-F you should see what I mean. Michael