ConfusedAss Posted January 28, 2003 Report Share Posted January 28, 2003 For those of you looking for escape from the dollar try these two closed-end funds- FAX and FCO. The first is mostly Australian bonds with a smattering of Asian high yield while the second is composed of Gilts, Canadians, Aussies and a few other high quality countries. Oddly enough, these funds trade at discounts to net asset value and pay decent yields. they are both at or near multi-year highs due to the dollar's collapse. Observations/Cautions -- FCO -- 35% of Yield is return of capital (not major concern w/appreciation against dollar. Liquidity might be a problem (low volume). http://biz.yahoo.com/prnews/030113/nym177_1.html FAX -- 34% of Yield is return of capital. Much better liquidity. http://biz.yahoo.com/prnews/030113/nym175_1.html Both -- a little more difficult to understand credit risk -- Not a big believer in S&P ratings -- you are still holding bag after they downgrade. Link to comment Share on other sites More sharing options...
Guest Posted January 28, 2003 Report Share Posted January 28, 2003 Other than PAAS, what are the other silver investments? For instance, HL, SSRI, SIL, CDE. Regards, Vesselin Link to comment Share on other sites More sharing options...
plantigrade Posted January 28, 2003 Report Share Posted January 28, 2003 what are the other silver investments? Spoons. Link to comment Share on other sites More sharing options...
TJM Posted January 28, 2003 Report Share Posted January 28, 2003 Time for a laugh........http://home.attbi.com/%7Ekmatenaer/SNL.wmv Link to comment Share on other sites More sharing options...
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