Korea's market creaks open; investors to gain access to range of foreign-managed mutual funds

Article Abstract:

Foreign fund-management companies would be allowed to sell their retail mutual funds in South Korea under new regulations drafted by the government. Global fund companies have entered the mutual fund market by forming joint ventures or signing distribution deals with local investment-trust companies or brokerage firms. The entry of geographically diverse funds would enable local investors to spread their risks and limit their exposure to the Korean won. The rules will take effect in Mar 1997.

South Korea, Laws, regulations and rules, Securities

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Hitting a rough patch: few opportunities seen in closed-end funds

Article Abstract:

Asian closed-end funds have declined in its net asset values(NAV). More investors in Asia today are shifting to the open-ended funds which allows a higher dividend share as demand for the product also increases. The closed-end fund sector was valued at an average 16.3% discount to NAV in October prior to a 12% discount in May. Financial experts suggest "selective buying," naming Hambros Asian Smaller Companies Investment Trust as one of the profitable closed-end funds to buy.

Management, Mutual funds

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Closed Funds Left 'Unloved.' Many Investors in Asia Discount the Advantages

Article Abstract:

Closed-end equity funds trade at 23 percent discount, and have additional features that might attract investors. Yet, more money is put into open-end equity funds.

United States, Asia, Financial analysis, Finance, Stock funds

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