Conference nyoss1::market_investing

    
    Well, my broker recommended Malaysia fund and Taiwan fund few weeks ago
    and I am looking into that. Does anyone ahve any suggestions/ideas on 
    that ?
    
    Then, there is also Eaton China Fund that was suggested.
    
    /Alkesh
    

    Check out the following :
    
    * Morgan Stanley Emerging Markets Fund -- closed end NYSE symbol MSF
    * Templeton Em Mkt Fd -- closed end NYSE symbol EMF ( big premium ).
    * GT Global Em Mkt Fd -- open end load fund

    Check out as well:
    
    	Montgomery Emerging Markets Fund
    
    It's the only open-end emerging markets fund.  It does no currency
    hedging, preferring to buy in those countries whose currency is linked
    to the dollar or, for non-linked currencies, in export-related
    industries.
    
    Emerging markets can be volatile.  As an open-end fund, it must respond
    to customers' redemption requests in times of downside volatility by
    selling part of its portfolio.  Closed-end funds are free to buy into
    emerging market downturns.  [More can be said on this topic, but I
    wanted to leave room for others to jump in.] 

    Scudder Latin America Fund, started in December 1992, quite the roller
    coaster ride, but might prove interesting.  No-load, but has a 2%
    redemption for early withdraw (1 or 2 years not sure, and I should be
    I'm in it).
    
    michael

    T Rowe Price has a New Asia fund - it invests in the Far East
    excluding Japan.- In Hong Kong, Singapore, South Korea.  I have not
    invested in it but am looking at it if I decide to diversify 
    into an international aggressive growth fund.
    
    DS               

I'm in T. Rowe-Price New Asia.  It took a bit of a tumble late last year, when
the hopes for a quick democracy in Hong Kong, I think, got squashed.  When it 
tumbled, I invested more.  It's been up nicely since then, and jumped a bit
last week (when the DOW dropped 80) because some respected (by 40% of population
in China) fortune teller predicted a strong market this year. :-)  Seriously.

John Piekos

Anyone have any opinion on the soaring emerging market funds like 
Fido  Emerging Markets, Fido SE Asia Fund, Price New Asia?  I've
been reading about them being highly overvalued, ready for a big 
correction, etc.  Eric Kobren says to stay away from them in his Fidelity 
Insight Newsletter.  The most recent issue of Smart Money magazine
had similar things to say.  However, Sheldon Jacobs includes
both New Asia and Fido Emerging Markets in all of his model 
portfolios.

You hate to take the huge capital gains hit by selling now
(especially if you got in over a year ago), but these funds are
at a very scary high..  I wouldn't put any more money into any of
them, but I wonder when to sell.

Any opinions on holding onto to any of the above mentioned funds
or maintaining them as part of the international diversification
of your retirement portfolio?  Any opinions on whether they should be 
"Holds" or "Sells"?

Diana 

re        <<< Note 389.7 by CADSYS::RUBIN "Diana, HLO2-2/G13, 225-4534" >>>
                -< When to get out of emerging market funds.. >-

>Anyone have any opinion on the soaring emerging market funds like 
>Fido  Emerging Markets, Fido SE Asia Fund, Price New Asia?  I've
>been reading about them being highly overvalued, ready for a big 
>correction, etc.  Eric Kobren says to stay away from them in his Fidelity 
>Insight Newsletter.  The most recent issue of Smart Money magazine
>had similar things to say.  However, Sheldon Jacobs includes
>both New Asia and Fido Emerging Markets in all of his model 
>portfolios.

These funds, I've found, are tied quite directly to the stock markets in the
countries where the investments are made.  Back in Oct, Fido SE Asia was
trading around 11.50 a share.  It shot up to 16+ a share recently, and
when the HK, Malasian, etc. markets started taking some big hits, so did
these funds.  If you think those markets are in for some big gains, then
it would be a wise investment.  The HK (Hong Kong) market went up something
like 115% (+/-) last year, so those with investments there did quite well.
Many other asian markets also did quite well last year.  Will they do it
again in '94?  I dunno;  I guess my advice is to follow those markets,
and buy on the lows.

Personally, I'm in a japan fund.  this one, like many of the asian funds, 
is somewhat tied to the NIKKI market - when it goes up, so does the fund.
Likewise, when it drops, the fund does too.  My theory is that the Japanese 
economy has reached bottom and is now ready for some recovery, actually,
some recoverty has already occurred in the NIKKI (bottomed out around 15k
and right now, it is around 19-20k).  Earlier this week when the NIKKI
surged 7.8%, the japan fund I'm in went up 5% + !  but, likewise, a 
couple of weeks ago when the NIKKI went down a lot, so did the fund.  Some
forecasters are saying the NIKKI will end the year 24-25k, if this happens
to be true, I speculate the the japan funds will be some of the biggest
winners in '94.  BUT, i also believe it is gonna be one helluva roller
coaster ride.

jc

	I think Nikki (Richardson) is a spokesperson for Digital.