Pakistan draws interest again
Article Abstract:
The dismissal of Pakistani Prime Minister Benazir Bhutto from her public post and the dissolution of the National Assembly have caused the nation's investment market to turn around for the better. A day after these developments, the key market indicator went up by 5.2% to 1577.25 while the benchmark KSE-100 Index retreated at 1507.46. However, fund managers caution that the highly-volatile Pakistani market may swing between 5% and 10% in either direction before 1996 ends. On the other hand, they hasten to add that the market's downside is limited while its upside is very promising.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Lying low amid turmoil
Article Abstract:
Mercury Emerging Markets Fund has successfully benefitted from its decision to minimize asset grants to Asian countries due to a number of economic problems plaguing the region. Since mid-1995, the mutual fund has reduced its Asian assets by as much as 22% and as a result, enjoyed 25% returns in 1997. Aside from India, Mercury Fund invests in no other Asian countries due to threats brought by unstable currency and incompetent financial systems.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Jardine's Taipei Trust tries to recoup its '96 losses
Article Abstract:
The Jardine Fleming Taipei Trust has dropped 5.4% during the first eight months of 1996 even though the Taiwan Weighted Price Index has increased 20% during the same period. The fund's underperformance has been attributed to its low holdings in financial stocks early in 1996. The fund also invested heavily on losing sectors such as high technology. The fund has restructured its portfolio and has invested 20% of its assets in financial stocks.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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