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Strategies & Market Trends : Ch - a CEF, the Chile Fund -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (2)1/27/1999 7:12:00 PM
From: Benjamin W. Palmer  Read Replies (1) | Respond to of 18
It has been tough to make money in CF in the last couple of years. It sells at big discounts (up to -28% at times), but there are not many buyers for distressed emerging market funds these days. The fund manager has repositioned the portfolio towards "defensive" issues. His selling cost shareholders huge bucks in taxes for 98. Personally, I believe nothing will happen in Chile until commodities prices, especially copper, move up. It's a Hobson's choice: do I want to make a few bucks on CF and pay 25 cents more for gasoline or do I like this low-cost pricing environment we have today?

To: epicure who wrote (2)1/28/1999 9:38:00 AM
From: yard_man  Read Replies (1) | Respond to of 18
I think CH is a good "investment" -- no, you won't get rich tomorrow, but a double in a year and a half or two? Yeah, I can live with that ...