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Thailand Beach

The following are a few Asian Closed-End Funds:

1.Taiwan Fund - TWN
Total Assets = $357 Mil
Discount to NAV = -12.21%

2.Korea Fund - KF
Total Assets = $554 Mil
Discount to NAV = -13.06%

3.Aberdeen Australia Equity Fund - IAF
Total Assets = $300 Mil
Discount to NAV = -5.78%

4.Singapore Fund - SGF
Total Assets = $160 Mil
Discount to NAV = -16.33%

5.Thai Capital Fund- TF
Total Assets = $39 Mil
Discount to NAV = -13.95%

All the above five funds are trading at a discount to NAV which implies that they are cheap at these prices. Australia and Singapore are probably safer funds than the rest. Thai fund is a frontier market fund. As a the Asian markets are falling in sync with world markets caution is warranted before investing in any of these funds. But these funds are a better way to invest than to pick individual stocks especially in these foreign countries.

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Closed-End funds whose market price is trading at a discount to their NAV (Net Asset Value) are considered to be cheap. Here are three such funds which offer country specific exposure at a decent price.

1.Fund Name: Swiss Helvetia Fund
Ticker: SWZ
Total Assets: $594M
Discount to NAV : -17.61%

2.Fund Name: New Germany Fund
Ticker: GF
Total Assets: $378M
Discount to NAV : -17.07%

3.Fund Name: Mexico Fund
Ticker: MXF
Total Assets: $762M
Discount to NAV : -12.21%

written by admin

The following country specific closed-end funds are trading at a discount to their NAVs. This means they are cheap to pick up at these levels. This is not the only factor that must be considered before investing in them. But its a good point to starting one’s research into the world of closed-end funds. In bear markets investing in individual stocks is not for the faint-hearted especially when it comes to investing in foreign markets. So taking the funds route like an ETF or a closed-end fund is a good idea.

1.Templeton Dragon Fund - TDF
Discount to NAV: -12.98%
Distribution Rate: 1.37%

2.India Fund - IFN
Discount to NAV: -4.7%
Distribution Rate: 0.34%

3.Korea Fund - KF
Discount to NAV: -8.33%
Distribution Rate: 0.95%

4.Taiwan Fund - TWN
Discount to NAV: -8.22%
Distribution Rate: 3.02%

5.Singapore Fund - SGF
Discount to NAV: -9.05%
Distribution Rate: 7.78%

Note: All data as of August 25,2008.

written by admin