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The Korea Fund has just offered
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don.west1
07-20-2005, 1:02 PM | Post #150304 |
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to trade fund shares for a basket of the actual shares to fund holds in Korean securities. Yesterday's fund discount was 4%, and the fund will work the swap at 2%.
Can someone rationalize a)why the fund would want to do this, and b)why a shareholder would want to do this? It seems to me the 2% difference in the discount isn't worth all the effort.
I remain your puzzled correspondent,
Don
Originally posted in thread: 661
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