Supplementary Appendix: COUNTRY FUNDS

 

Country

 

Name of Fund

IPO Date

Type*

 

Exchange**

NAV***

($USm)

 

Argentina

Argentina Fund, Inc.

Oct-91

C

NYSE

64.2

Argentine Investment Company

Jan-92

C

DSE

NF

Argentinian Investment Company SICAV

Feb-91

O

LUXSE

51.2

Brazil

Brasil Fund, Inc.

Mar-88

C

NYSE

166.7

Brazillian Equity Fund, Inc.

Apr-92

C

NYSE

NF

Brazillian Investment Company SICAV

Dec-87

O

LUXSE

56.7

Brazillian Investment Fund, Inc.

Jun-91

C

PRIV

51.2

Brazillian Investment Trust plc

May-92

C

LSE

NF

Equity Fund of Brazil

Oct-87

C

PRIV

105.3

Chile

Chile Fund, Inc.

Sep-89

C

NYSE

160.4

Chile Investment Company, SA

Jun-88

C

PRIV

110.4

Five Arrows Chile Fund Ltd

Feb-90

C

LSE

159.3

Genesis Chile Fund

Nov-89

C

LSE

182.0

GT Chile Growth Fund

Feb-90

C

LSE

234.9

International Investment Company of Chile

Jun-89

C

PRIV

144.8

Moneda Chile Fund Ltd.

Aug-95

C

21.2

Toronto Trust Mutual Fund

May-87

O

UNLIS

37.7

Colombia

Colombian Investment Company SICAV

May-92

O

LUXSE

NF

Greece

Grece Fund Ltd

Sep-88

C

LSE

46.3

India

Fleming Indian Investment Trust plc

May-94

C

126.8

Himalayan FundWB

Jun-90

C

NA

105.0

India Fund

Jun-86

C

LSE

440.5

India Fund Inc.

Feb-94

C

510

India Gateway Fund Ltd.

May-94

C

0.32

India Growth Fund Inc.

Dec-88

C

NYSE

83.3

India Investment Fund Ltd

May-87

C

PRIV

9.5

India Magnum Fund N.V.

Oct-89

C

AMSE

305.1

Jardine Fleming India Fund Inc.

Mar-94

C

169.5

Morgan Stanley India Investment Fund Inc.

Feb-94

C

527.69

Oryx (India) Fund Ltd.

May-95

C

13.89

Schroder Indian Communication Fund Ltd.

Sep-94

C

48.1

Second India Investment Fund Limited

Jul-90

C

PRIV

9.8

Taj Performance Fund

May-94

C

30

Indonesia

Barclays Asian Selection Indonesian Growth Fund

Nov-90

O

HKSE

3.6

Batavia Fund

Jun-90

C

LSE

16.5

Connaught Indonesian Growth Fund

Jun-89

O

UNLIS

1.8

Credit Lyonnaise Indonesian Growth Fund

Apr-89

C

HKSE

3.3

EFM Java Trust plc

May-90

C

LSE

14.5

Indonesia Development Fund Ltd

May-90

C

SES

57.0

Indonesia Equity Fund Ltd

Apr-90

C

LSE

12.2

Indonesia Fund, Inc.

Mar-90

C

NYSE

35.6

Indonesian Capital Fund Limited

Nov-89

C

AMSE

26.1

Jakarta Fund (Cayman) Ltd

Aug-89

C

LSE

17.9

Jakarta Growth Fund, Inc.

Apr-90

C

NYSE

31.0

Java Fund (Cayman) Ltd

Feb-90

C

SES

16.8

JF Indonesia Fund, Inc.

Mar-89

C

LSE

48.6

Malacca Fund (Cayman) LtdWB

Jan-89

C

NA

35.0

Nomura Jakarta Fund

Sep-89

O

UNLIS

19.3

SHK Indonesia Fund Ltgd

Aug-90

C

LSE

19.9

Templeton GS Indonesia Fund

Jan-92

O

LUXSE

NF

Thornton New Tiger Selections Fund-Indonesia

Mar-90

O

UNLIS

1.1

Korea

Atlantis Korean Smaller Companies Fund

Jun-95

C

100

Barclays Asian Selection Korea Fund

Nov-90

O

HKSE

7.4

Baring Korea Fund Ltd

Oct-88

O

UNLIS

26.1

Bordier Korea Fund

Jun-89

O

UNLIS

9.9

CITC Frontier Fund plc

Jul-93

C

Clemente Korea Emerging Growth Fund

Apr-92

C

LSE

NF

Daehan Asia TrustWB

Jun-90

C

NA

60.0

Daehan Korea Trust

May-90

C

LSE

39.6

Drayton Korea Trust

Dec-91

C

LSE

43.1

First Korea Smaller Companies Fund

Dec-91

C

LSE

NF

GT Korea Fund Ltd

Oct-89

O

UNLIS

21.4

GT Korean Securities

Apr-92

O

UNLIS

NF

Indosuez Korea Fund

Jan-92

O

UNLIS

NF

JF Korea Offshore Trust

Dec-91

O

UNLIS

2.2

JF Korea Trust

Dec-91

O

UNLIS

NF

Korea 1990 Trust

Apr-90

C

HKSE

37.1

Korea Asia Fund Ltd

Apr-91

C

LSE

110.5

Korea China Super Fund Ltd.

Jul-93

C

16.8

Korea Development Investment Corporation1

Dec-82

C

PRIV

33.4

Korea Emerging Companies Trust2

Mar-86

C

LSE

17.1

Korea Equity Fund Inc.

Dec-93

C

100.9

Korea Equity Trust

May-90

O

HKSE

38.2

Korea Fund, Inc.

Aug-84

C

NYSE

235.9

Korea Growth Trust

Mar-85

C

HKSE

86.9

Korea International Trust

Nov-81

C

UNLIS

99.6

Korea Investment Fund, Inc.

Feb-92

O

NYSE

NF

Korea Liberalisation Fund Ltd

Feb-90

C

LSE

38.6

Korea Pacific TrustWB

Jul-90

C

NA

100.0

Korea Small Companies Trust

Dec-85

O

UNLIS

14.2

Korea Trust

Nov-81

O

UNLIS

84.7

Korea-Europe Fund Ltd

Jun-87

C

LSE

134.6

Regent Korea Fund

Sep-91

O

UNLIS

1.3

Schroder Korea Fund plc

Dec-91

C

LSE

21.7

Seoul Asia Index TrustWB

Jul-90

C

NA

100.0

Seoul Horizon Trust WB

May-92

C

NA

50.0

Seoul International Trust2

Apr-85

O

UNLIS

103.2

Seoul Trust

Apr-85

O

UNLIS

93.6

Thornton Korea Fund

May-92

O

PSE

NF

Malaysia

Aetna Malaysian Growth Fund

May-90

C

LSE

35.9

Barclays Asian Selection Malaysia Fund

Nov-90

O

HKSE

3.2

CIBC-CEF Malaysia Trust

Oct-89

O

UNLIS

5.5

Connaught Malaysian Fund

May-90

O

UNLIS

1.0

Fidelity Country Select Malaysia Fund

Oct-90

O

UNLIS

9.7

Genesis Malaysia Maju Fund

Feb-90

C

LSE

23.9

JF Malaysia Trust

Dec-89

O

UNLIS

52.7

Malaysia Capital Fund Ltd

Feb-90

C

LSE

77.2

Malaysia Equity Fund Ltd

Dec-89

C

LSE

67.5

Malaysia Fund, Inc.

Dec-87

C

NYSE

98.3

Malaysia Growth Fund

Apr-89

C

UNLIS

48.0

Malaysia Select Fund Ltd

Jan-90

C

LSE

55.0

Malaysian Emerging Companies Fund Ltd

Dec-89

C

LSE

78.1

Malaysian Smaller Companies Fund Ltd

Nov-89

C

LSE

38.5

Malaysian Ventures Berhad

Mar-84

C

PRIV

5.1

Malaysian Ventures Fund (Two) Sdn Bhd

Dec-91

C

PRIV

5.5

Wardley GS Malaysia Fund

Feb-87

O

LUXSE

2.4

Mexico

Emerging Mexico Fund, Inc.

Oct-90

C

NYSE

92.1

First Mexico Income FundWB

Aug-90

C

NA

67.8

Mexican Appreciation Fund NV

Jul-92

O

UNWS

NF

Mexican Horizons Investment Co Ltd

Jun-91

C

UNLIS

31.7

Mexican Investment Company SICAV

Nov-89

O

LUXSE

60.1

Mexico Equity & Income Fund, Inc

Aug-90

C

NYSE

95.0

Mexico Fund, Inc.

Jun-81

C

NYSE

499.3

Pakistan

Credit Lyonnaise Pakistan Growth Fund

Nov-91

O

UNLIS

29.7

GT Karachi Fund

Mar-92

O

DSE

NF

Pakistan Fund

Jul-91

C

HKSE

33.5

Pakistan Investment Fund Inc.

Dec-93

C

184.72

Pakistan Special Situations Fund

Apr-92

O

UNLIS

NF

Philippines

Barclays Asian Selection Philippines Fund

Nov-90

O

HKSE

0.9

First Philippine Fund Inc.

Nov-89

C

NYSE

101.2

First Philippine Investment Trust plc

Dec-89

C

LSE

37.0

H & Q Philippine Ventures

NA

C

PRIV

12.1

JF Philippine Fund Inc.

Nov-89

C

LSE

60.5

JF Philippine Trust

Jul-74

O

UNLIS

5.9

Manila Fund (Cayman) Ltd

Sep-89

C

LSE

44.3

Philippine Long Term Equity Fund Ltd

May-87

C

UNLIS

40.5

Philippine Strategic Investment (Holdings) Ltd.

Oct-93

C

7.25

Thornton Philippines Redevelopment Fund Ltd

May-86

O

UNLIS

0.9

Portugal

Oporto Growth Fund Ltd

May-88

C

LSE

24.1

Portugal Fund Ltd

Aug-87

C

LSE

20.4

Portugal Fund, Inc.

Nov-89

C

NYSE

57.0

Portuguese Investment Fund Ltd

May-90

C

LSE

22.7

Portuguese Smaller Companies Fund Ltd.

Jan-94

C

25.75

Taiwan

Citizens Securities Investment Trust Fund

NA

O

UNLIS

203.1

First Securities Investment Trust Fund

Jan-86

O

UNLIS

8.8

Formosa Fund

Mar-86

O

LSE

133.7

Formosa Growth Fund Ltd

Oct-91

C

HKSE

44.5

GT Taiwan Fund Ltd.

May-91

O

UNLIS

51.1

HanMore Venture Capital Corp

NA

C

PRIV

22.4

HanTech Venture Capital Corp

NA

C

PRIV

35.7

International Venture Capital Investment Corp

Mar-88

O

PRIV

25.2

Invesco MIM Taiwan Growth Fund

Oct-91

O

LUXSE

50.0

JF Taiwan Trust

Feb-91

O

UNLIS

9.0

Morgan Stanley Taiwan Portfolio

Sep-91

O

PRIV

6.0

New Taipei Fund

Jan-92

C

HKSE

NF

ROC Taiwan Fund

May-89

C

NYSE

244.1

Taiwan Equity Fund

Jul-94

C

Taipei Fund

May-86

O

LSE

88.0

Taiwan Fund, Inc.

Dec-86

C

NYSE

167.4

Taiwan Tracker Fund Ltd

Nov-91

C

HKSE

52.5

TaiwanVest N.V.

Dec-87

C

PRIV

13.5

Thornton Taiwan Equity Growth Fund

Aug-91

O

HKSE

33.2

Thornton Taiwan Equity Income Fund

Aug-91

O

HKSE

6.4

Thailand

Abtrust New Thai Investment Trust plc

Dec-89

C

LSE

18.8

Bangkok Fund Ltd

Jul-85

C

LSE

163.5

Barclays Asian Selection Thailand Fund

Nov-90

O

HKSE

6.4

CIBC-CEF Thai Trust

Aug-89

O

UNLIS

8.8

Commercial Union PPT Thailand Trust

NA

O

UNLIS

6.6

Connaught Thailand Fund

Apr-88

O

UNLIS

7.0

Fidelity Country Select Thailand Fund

Oct-90

O

UNLIS

1.7

JF Thailand Trust

Aug-89

O

HKSE

84.4

Providence Capitol Thailand Trust

Sep-89

O

UNLIS

12.0

Siam Fund (Cayman) Ltd

Jan-88

C

LSE

179.1

Siam Selective Growth Trust plc

Mar-90

C

LSE

24.7

Siam Smaller Companies Fund Ltd

Oct-89

C

LSE

29.3

Siam Ventures NV

NA

C

PRIV

19.0

Thai Asset Fund Ltd

Oct-89

C

HKSE

47.7

Thai Capital Fund, Inc.

May-90

C

NYSE

56.0

Thai Development Capital Fund Ltd

Oct-90

C

LSE

15.2

Thai Equity Trust

Mar-90

O

UNLIS

53.8

Thai Fund, Inc.

Feb-88

C

NYSE

154.3

Thai Investment Fund Ltd

Apr-88

C

LSE

30.3

Thai Prime Fund Ltd

Dec-88

C

LSE

236.5

Thai-Asia Fund Ltd

May-89

C

HKSE

47.5

Thai-Euro Fund Ltd

Mar-88

C

LSE

138.0

Thailand Fund

Dec-86

O

LSE

46.5

Thailand Growth Fund

May-88

C

UNLIS

69.4

Thailand International Fund Ltd

Dec-88

C

LSE

139.3

Turkey

Turkey Trust plc

Aug-90

C

LSE

35.8

Turkish Investment Fund, Inc.

Dec-89

C

NYSE

52.7

Source: The Wilson Directory of Emerging Market Funds, 1992-1993 edition; Park, K.H. and A.W. van Agtmael, The World’s Emerging Markets, 1993; and The World Debt Tables; the Irwin Guide to Investing in Emerging Markets, Marjorie T. Stanley, 1995.

* Type: C - Closed end fund

O - Open ended fund

** Exchange: The stock exchange on which the fund is listed

AMSE - Amsterdam Stock E

DSE - Dublin Stock Exchange (Ireland)

HKSE - Hong Kong Stock Exchange

LSE - London Stock Exchange (UK)

LUXSE - Luxembourg Stock Exchange

NA - Not available

NYSE - New York Stock Exhcnage (USA)

PRIV - Private Placement (Not listed on any stock exchange)

SES - Stock Exchange of Singapore

UNLIS - Unlised, but publicly available

*** NAV - The size of each fund, in total net assets, as at December 31, 1991.

NF - indicates this is a new fund, launched after December 31, 1991.

WB Source: World Debt Tables

Initial Capital (US$m) is given, instead of NAV.

1 NAV as at June 30, 1991.

2 NAV as at November 30, 1991.