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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (1866)	2/3/1998 12:50:00 AM
From: peter michaelson	Read Replies (3) \| Respond to of 9980

One rationale behind the difference in premium between, for example, Malaysia Fund and Malaysia Webs might be that MF investments are in shares (of Malaysian businesses)that are eligible to be held by only local Malaysians but not by foreigners while EWM holds shares (of the same companies) that are available to foreigners. Since the foreigners' shares often sell at premiums (Korea is well-known for its 100% premium foreigner shares), then MF's premium may be composed mainly of the foreigner premium, and is in fact at no higher a premium than EWM if using the local share price as benchmark. Is this true? Any thoughts would be much appreciated TIA peter

To: peter michaelson who wrote (1866)	2/3/1998 9:16:00 PM
From: Terry Rose	Read Replies (2) \| Respond to of 9980

Peter Michaelson, The broker I use is Kim Hardaker at South Coast (800-233-2840). They are located in California. They were recommended in Adrian Day's newsletter. I felt comfortable in dealing with them. Their commision is based on the amount of stock purchased, I bought 3950$ worth of stock and the commision was 160$, and by buying directly in the Phillipine market the spread was very narrow. If I had gone through a discount broker and used a market maker the spread probably would have been higher. I am pretty sure I came out ahead going this route, and I recommend you do the same. Terry,