Warrant funds feel turmoil: last year's stars become black holes this year

Article Abstract:

The Asian market for warrant funds has been crippled by the recent financial crisis, forcing investment returns to drop significantly. Statistics revealed that Asian warrants declined by an average of 19% since the start of 1997 and the number of zero-value warrants continue to increase. These figures are remarkably different with those recorded the previous year, when several Asian and Japanese firms reached as much as 86% and 200% returns. The declining trend is expected to continue as long as volatility in the market prevail and liquidity remain weak.

Stocks & Other Equity Securities, Evaluation, Economic aspects, Asia, Financial instruments, Stock warrants

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Hang Seng index fund celebrates its birthday, overcoming uncertainty

Article Abstract:

The Hong Kong-registered Hang Seng Index Fund was launched on Aug. 21, 1995, by Hang Seng Investment Management Ltd. to track the Hang Seng Index's performance in the Hong Kong stock market. On its first year anniversary in 1996, the fund already stands at HK$363 million in assets and has a total return of 25.4%. Some 80% of the assets are invested in Hang Seng Index's 33 constituent stocks while the remaining assets are invested in Hang Seng Index futures or options.

Management, Stock price indexes, Hang Seng Index (Index)

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Compass points to Hong Kong

Article Abstract:

Businessman Chee Cheung seeks to advance in Hong Kong's unexplored high-technology markets as he decides to establish an electrical supplies manufacturing firm in the region. Despite the reluctance expressed by other entrepreneurs for the country's manufacturing sector, Cheung believes that prospects for Compass Technology Co would be promising. The $16.1 million investment aims to acquire a manufacturing capacity of 5 million units/month by the year 2001.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, High technology industry, Foreign operations, Hong Kong, Electronic equipment and supplies, Electronic equipment, Compass Technology Inc.

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