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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: eWhartHog who wrote (49597)	3/3/1999 2:05:00 PM
From: yard_man	Read Replies (2) \| Respond to of 132070

>>PKF went public at $15, so with a current price under $2 there is a large realized and unrealized capital loss to shelter future gains. I think the Pakistani government has limited the ability of investors to repatriate their investments, which affects the valuation of funds investing in Pakistan.<< Please explain how there could be a risk from unrealized losses if the fund is currently trading below NAV -- is the exchange rate used to compute, bogus? If they have capital controls -- are they similar to Malaysia's or of another flavor? TIA Tippet