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

To: peter michaelson who wrote (276)	6/16/1998 1:09:00 PM
From: yard_man	Respond to of 289

I will respond but need to do some research first. I think it is important to see where US companies are buying assets.

To: peter michaelson who wrote (276)	6/16/1998 1:37:00 PM
From: Mike McFarland	Respond to of 289

Hehe, well that's the whole trick isn't it. I suppose it really depends on the type of asset, for instance, I'm not too interested in Chinese biotech, British gold, or Japanese agricultural companies...these are types of pairing just don't match up...but averaging into a diversified cef which trades at a discount, well I think that is a no-brainer, especially when you have ten or twenty years to let it cook--heck, my kids are still but a twinkle in my lovely wife's eyes. Hopefully the CEF manager is into Chinese infrastructure. Anyway, which countries will be the leaders. I think it is natural to go for the greatest populations--especially for increasingly industrialized countries like the ones I listed, the obvious big three. On the other hand, how about this argument: Maybe the brightest prospects for a country are mostly determined by the commitment toward educating it's citizens, and the degree to which the highest number of people are entering the years in which they consume (and produce) the most. In short, young smart countries. You could put Korea in there I think, maybe a few of the latin countries, in a few years some of the emerging ex-soviet states. I don't really have a better answer, it is such a crap shoot, but like I said, perhaps buying cefs which happen to trade at a discount will help cushion any poor choices, it might even be a good idea to go for two or three--just in case politics wreck one choice. You can always just throw a dart and not sweat it--just get the heck out if you reach your mental stop. The best pick will probably be the one which hardly occured to anyone-- anybody for that Kazakstan fund?--hehe, happy hunting. Mobius always talks about Thailand--maybe there?