Buy SGF Singapore Fd

The dilemma now is that summer is usually sell-off time
but the market is still in a strong uptrend.
Sell-offs are more likely to be buying opportunities
than breakdowns.

The widespread assumption that chinese stocks are in
major bubble territory does not stand up very well to
any closer examination so selloffs  are buyable I think.
The prices on the local Shanghai exchange seem to
heading towards over valuation but not the kind of over valuation
seen in the dotcom era- yet anyway.

See the commentary @
http://www.chinafundinc.com/
http://www.chinafundinc.com/images/downloads/china_fund_inc_update.pdf
http://china.seekingalpha.com/article/36457


Singapore is linked to China so those funds have sold off also.
Singapore is one the best places for business in the world.

SGF looks like it is well + conservatively managed
+ has gone to a 12% discount.
Distribution = 2.8% ..annually in Dec
TER=1.8%

Stock = (SGF-N) Singapore Fd

Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 100
Price = $17.11
Gross = $1,711.00dr
Net = $1,726.95dr
Trade Date = 24 May 2007