| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 881.1 | | NETRIX::michaud | Jeff Michaud, That Group | Fri Jun 30 1995 19:48 | 6 |
| I suggest you see topic 148. The Nikkei has been headed downward
since even before that topic was created .......
148 JUPITR::LUTZ 8-APR-1992 19 Will Japan's Nikkei ever go up again???
605 CPDW::ROSCH 2-NOV-1993 4 Does America say yes to Japan?
625 CSCMA::BALICH 29-NOV-1993 5 Japan Mutual funds
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| 881.2 | Yen vs. Nikkei | SUBPAC::MISTRY | | Wed Jul 05 1995 13:29 | 9 |
|
True, the Nikkei has dropped a lot since a year ago. However, some of
the poor performance may be related to your fund, since the yen has
appreciated against the dollar over the same period. The net effect
for my Japan fund (TR Price) is mostly a wash.
Kaizad
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| 881.3 | DCA | ZENDIA::FERGUSON | Split open and Melt! | Thu Jul 06 1995 10:15 | 15 |
| re <<< Note 881.2 by SUBPAC::MISTRY >>>
-< Yen vs. Nikkei >-
. True, the Nikkei has dropped a lot since a year ago. However, some of
. the poor performance may be related to your fund, since the yen has
. appreciated against the dollar over the same period. The net effect
. for my Japan fund (TR Price) is mostly a wash.
i.m in this fund also. got in last year, it went up a nice 20% into the
summer and has fallen since. BUT... i'm hanging out. long haul. i'm
DCA'ing 150/mo with a term in 3-5 yrs. i expect this to be worth quite a
bit 3-5 yrs out.
|
| 881.4 | | NETRIX::michaud | Jeff Michaud, That Group | Thu Jul 06 1995 11:12 | 13 |
| > .... since the yen has
> appreciated against the dollar over the same period. The net effect
> for my Japan fund (TR Price) is mostly a wash.
Yesterday I got the annual report for Fidelities International
funds. Several of the fund managers of the funds covered
mention the same thing, losses being canceled by the Yen's strength.
Diversified International's manager even says investors in this
fund will lose *when* the dollar regains some strength against
the Yen..... I'm in this fund and I'm getting ready to take
my modest profit in it and bail out (and this fund is diversified,
I'd be dropping bricks if I was in a pure Japan fund myself!)
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| 881.5 | | SUBPAC::MISTRY | | Thu Jul 06 1995 11:19 | 9 |
|
I agree that the Yen seems to have topped out, so that its time to get
out of the Japan fund. No real cure in sight for the Japanese economy
since the reforms of the Hosokawa govt. seem to have been buried by his
successors. So the Nikkei isn't going anywhere soon.
Kaizad
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| 881.6 | | SUBPAC::MISTRY | | Fri Jul 07 1995 14:22 | 7 |
|
Of course, right after I entered .-1, the Nikkei went up 6%
yesterday...
Kaizad
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| 881.7 | | NETRIX::michaud | Jeff Michaud, That Group | Fri Jul 07 1995 15:56 | 6 |
| > Of course, right after I entered .-1, the Nikkei went up 6%
> yesterday...
Yes, I saw that on the news also. But along with that went
some dollar buying yesterday that strenghtened the dollar
by a few yen.
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