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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

294.0. "???Latin American No Load Funds???" by SELL3::DAIGLE (Ron Daigle) Thu Oct 15 1992 11:02

    On his radio program "Money Talk" which broadcasts over week ends,
    Bob Brinker often mentions NO LOAD mutual funds which exist and invest
    primarily in Latin American countries.  He does not name the funds or
    their companies over the radio.
    
    Is there anyone who knows the names of these funds/companies and 
    could post them here?
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294.1Emerging Market FundsSOLVIT::CHENThu Oct 15 1992 12:0113
    I am a regular listener of Bob's talk show. Though, Bob's "policy" is
    not to give any names on the show, he does give his listeners some
    hints such as the location of the MF companies, etc. I haven't looked
    into any of the Latin America funds. But, I believe what you are
    actually looking for are so called "emerging market funds". They mainly
    invest in South America and the Far East regions. I think if you
    contact companies like T. Rowe Price, Vanguard and Benham, they all
    some funds invested in the emerging markets. I personally don't know of
    any no-load funds that ONLY invest in Latin America. If anyone knows of
    one, please post it here, I am intesreted in finding it out, too. All
    the ones I have found so far are closed-end funds.
    
    Mike
294.2My homework Revealed...SELL3::DAIGLERon DaigleThu Oct 15 1992 12:3914
    In reference to respone .1
    
    I've spoken to T. Rowe Price, Vanguard, Benham, and others.  They do not
    currently have no load funds which invest primarily in Latin or South
    American companies.  In some cases a small percentage of some of their
    'International' or 'Global' funds invest there but not in a BIG way- just
    small percentages.  They also have 'hybrid' funds in the Far East mixed
    with a small percentages in Latin America, but those are not the funds
    for which I'm looking. 
    
    Bob Brinker alludes to a fund(s) which invest primarily (if not solely)
    in Latin(South) America.
    
    R.D.                       
294.3Try ScudderSUBWAY::SAMBAMURTYRajaThu Oct 15 1992 16:377
    Take a look at closed-end funds, I beleive there is a Latin-American
    fund (I thinnk Scudder is the manager, so you can try and call them
    direct for a current copy of the prospectu at 1-800-343-2890)
    
    hth
    
    raja
294.4COMET::VOSPERThu Oct 15 1992 19:004
    
    Try Montgomery Emerging Market - Located in the San Francisco Bay area.
    
    
294.5heres the 3 funds:SELL1::COUTUREGary Couture - NH Sales SupportThu Oct 15 1992 21:2213
the 3 international funds that Bob reccomends for 10% of your portfolio each 
are:

emerging mkt: Montgomery Small Cap, SF Cal., 800-428-1871
Europe: Financial Strategic European, Denver Co, 800-525-8085
Asia: T Rowe Price New Asia, Baltimore Md, 800-638-5660


However the minimum purchase amount on the Montgomery fund is VERY high. I
don't remember homw much but probably 2500 or 10000.

the other 2 have very low minimums.

294.6SOLVIT::CHENFri Oct 16 1992 09:383
    re: -1
    
    The Minimum for T. Rowe Price - New Asia is $2500. 
294.7however...PIET13::DEINNOCENTISJohn... PKO3-1/14DFri Oct 16 1992 13:133
If you set up a dollar cost average situation of $100/month
you can get into Price funds for 1 or 1.5K unless they changed
their policy recently.
294.8TRPrice infoSELL1::COUTUREGary Couture - NH Sales SupportFri Oct 16 1992 19:4313
Actually you can get into T Rowe Price funds with dollar cost averaging
of $100 per month and you do not need any initial investment (like 1K).

Thats how I got into the New Asia fundand also how I got into the Financial
European fund.

I would be interested if anyone knows of a reputable no-load fund for 
emerging markets (international) like the Montgomery but with more
reasonable limits.


gary