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.