Close-end funds that trade at a discount

Money Digest, Sept, 2002

Closed-end funds are companies whose main business is to invest. They do not accept money from investors on a continuous basis. If you are interested in buying them you have to buy from other investors. They are traded on stock exchanges like other stocks. All closed-end funds mentioned here have a discount of over 14%.

STOCK                               SYMBOL  NAV *  PRICE  DISC.
                                                $      $      %

Wardley China Inv. Trust            WIT.UN   0.97   0.56   42.3
Economic Inv. Trust                    EVT  63.39  42.00   33.7
United Corps                           UNC  53.27  36.75   31.0
Canada World Fund                      CWF   3.95   2.90   26.6
Dundee Precious Metals               DPM.A  20.93  15.50   25.9
Cdn General Investments                CGI  12.09   9.05   25.1
AIC Diversified Canada Split Corp.     ADC  26.95  21.85   18.9
First Asia Income                   FAI.UN   7.39   6.30   14.8
Third Canadian General Inv.            THD  18.98  16.20   14.7
Aberdeen Asia Pacific                  FAP   9.64   8.25   14.5

* NAV stands for net asset value per share. Since the above mentioned
shares trade at a discount, their net asset values are higher than
their market price.