The Baytown Sun from Baytown, Texas on April 23, 1986 · Page 13
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The Baytown Sun from Baytown, Texas · Page 13

Baytown, Texas
Issue Date:
Wednesday, April 23, 1986
Page 13
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Page 13 article text (OCR)

THE BAYTOWN SUN Foreign investments popular idea By CHANGING TIMES ARC BARBECUE READY TO sell tickets to the Association for Retarded Citizens barbecue to be held from 11 a.m. to 3 p.m April 25 at Wayne Gray Sports Complex, 5200 East Road are, from left, Joyce Moody, ARC vice president; Heath Moody, Janet Novak and Kathy Bertch, ARC secretary. (Sun staff photo by Angie Bracey) Bathroom is site of most home accidents BOUND BROOK, N.J. (AP) — The most hazardous room in the house is the bathroom, where thousands of persons are injured every year in preventable accidents, says Kenneth T. Austin, chairman of a national home inspection organization. The most common types of tub and shower accidents may be avoided, adds the head ot HouseMaster of America, by following these suggestions: —Falls: Since the majority of bathtub and shower accidents involve falls caused by slick surfaces, soaov film and water, footing should be made secure with rough-surfaced adhesive strips or rubber mats that attach to a surface with suction cups. Properly secured grab bars to prevent falls should be installed. —Burns: Never leave a dependent person, young or old, alone in a tub or shower where hot or scalding water can be turned on by mistake or where the person can fall into too-hot water. —Electrocutions: Use of electrical devices should be discouraged in bathrooms. Interest In foreign investing is higher than ever, and the optimists outnumber the pessimists regarding overseas prospects. For Americans, however, direct investment in foreign securities can be cumbersome and precarious. Getting reliable and current information about companies haifway around the world, and economic and political developments that affect them, may be difficult. Securities are actively traded in most free-world countries, including Australia, Hong Kong, Mexico, Singapore, Sweden and Switzerland. Only about a hundred foreign stocks, mostly Canadian, are listed on U.S. exchanges. Trading through foreign exchanges. or bourses, is costly unless you use one of the few U.S. brokers who belong to one. Foreign tax laws can complicate matters. Dividend payments may have to be converted into dollars. It may be hard to find out how your securities are doing. And stock manipulation and other chicanery is prevalent in some countries. There are two ways around most of these snags. One is to invest in American Depository Receipts (ADRs>. The other is mutual funds. ADRs are negotiable certificates representing shares in a foreign company. They're created by U.S. banks to facilitate trading of foreign securities in this country. The securities themselves do not leave the country of origin: they are held by an overseas bank, usually a branch or correspondent of the one that issues the certificates. ADRs can be purchased from stockbrokers in this country, just like stocks and bonds, and are freely traded, mostly in the over-the-counter market. Dividends are paid in dollars. Tran- Please support the AMERICAN V CANCER « f^^*if ip^r$ saction costs are the same as for stocks, and prices of some ADRs are quoted in published stock tables. One thing ADRs don't do is make it easier to keep up with developments halfway around the world. If you decide to tesl the waters, look for a brokerage house with a good international research department and a broker who specializes in overseas investments. Your other option — experts say it's the best for most Americans - is buying shares of American mutual funds with foreign holdings. There are two basic kinds "International," which invest only in foreign securities, and "global," which include some U.S. offerings in their portfolios A few of the internationals are classified as regional or one- country because their investments are narrowly concentrated Over the past decade, the global group has outdistanced the internationals by about 2 to l The Scudder International Fund, introduced in l!)5:i. was the lirsl of the internationals, and of Hie 4! mutuals now operating, just 1H are five years old and only 11 have been around for a decade or longer The grand champion in l!W. r >. with a 7<> !il{ percent gain, was the Fidelity Overseas Fund which began operating in I> cember WM. Most internationals outperformed the mutual fund average and the U.S. .slock market averages last year. But despite big gains in lUH.j. few overseas funds have distinguished themselves during the last five years. A rising dollar was the principal culprit, says George Noble, portfolio manager for Fidelity Overseas. "The foreign markets were terrific, but the dollar killed you. What you made in stock you lost in currency." When the dollar changed direction last year and stocks kept rising, the funds got what Noble calls a "double whammy" push upward Along with mutuals there are a few closed-end investment companies with foreign portfolios They are different mainly in that the sponsors do not continuously sell and redeem shares. The oldest is the Japan Fund <:»45 Park Ave . New York. NY 10154, '2121 :550-85<X». which dates to 1962. Its shares are listed on the NYSE. They rose in value by ;!2<> percent between 1975 and 1985 A newcomer the Korea Fund < :i45 Park Ave , New York. NY 101.VJ. (2i2i 350-8200*. was organized in August 1984 Following is a list of the mutual funds with foreign holdings and the phone numbers where you can reach them for information - <llobal: Paine Webber Atlas 'HOOi ~)4-»-u:lou. Putnam International Equities. <KiH)i 225-1581: Oppenheimer Aim. <H(K)' 221- 9H:)U; Shearson Global. (212* 577071)4, Prudenlial-Hacbe (Jlobal. "'Mp H72-77»7 Dean Witter >rld Wide. HIM)* 22I-26H.V. Meri 1 L y n c h i n t e r n a 11 o n a I Holdings, i liOiJ i 2H2-2HOO. New Perspective Fund. '2l:i> <H<i- •J200; Templeton Global 1. i«i»n 2:j7-07.!a. Templeton World, same as Templeton Global li. Massachusetts Financial International Trust. !()17i 42:i-:J.VMi, Templet** dote) II, (s Templeton Glob*! I); T*mpicton Growth, (same as Tempieton Global n; Principal World, (602) 998-5557; and First Investors International, (212) 5S9-»83 -International: Fidelity Overseas, (800) 544-6666; Alliance International, (800) 5222323: FT International, <L»0> 2455000; GAM International (417) 482-9300); Kemper International, (800) 621-1048; Trans- Atlantic Fund, (800) 223-4130; Scudder International. <800> 4533305; IDS International, (800) 328-8300; T Rowe Price Intl. Fund. (800i 638-7B90; Trustee Commingled Intl., <800> 523-7025, • 800) 632-0530 in Pennsylvania, Merrill Lynch Pacific. i800) 2214146, (800) 522-5510 in New York State. Keystone International, (800i 225-1587: United Inll Growth, (80O) 821-5«64; GT Europe Growth, «aoo» 824*1580, (800i 824-83H1 in California. Europacific Growth. '213) 4Wi- 9447; Financial Port Pacific, i 8001 525-8085; Templeton Foreign. <sume as Templeton Global 1»; Vanguard World-Intl Growth. (HOO) 323-7025. 'HOil) 3(J2- i)530 in Pennsylvania. GT international Growth, '.same as GT Kuropei; Sigma World. (8001 441-9490; GT Japan Growth. • same as GT Kuropet; Nomura Pacific Basin. i8tx» 83;H>01H: Newport Far Hasi. 'Hwn 527- <tf><Hi Canadian Fund, »<HM 221- J757. GT Pacific Growth Fl). 'Same as GT Kuropei: and Strategic Israeli. ' WK) i 527-5027 > Editors: The previous Changing Times material has been distributed by AP News- teatures i ? SOCIETY ELECT VIRGINIA "GINMY" KNOWLES County Commissioner - Precinct 4 - Chambers County HONEST CAPABLE Against Higher Taxes Against An Inflated Budget 14 1 /2 Years Management Exp. "Serving ull oj [he people ull oj the time" YOUR VOTE AND CONFIDENCE WILL BE GREATLY APPRECIATED. fti, mi ftU Vr DWM JMM. Tr....i.i. VI, fmt, M.i.j.i ctmfmiln. »403 M. l«rm. I«|H»«. li. Utll FREEDOM plus 59* $000 GARDEN CENTER POWER STEERING FLUID CIGARETTE ALL SIZES TIRE SEALER * AND INFLATER PAINT PAN ROLLER KIT $177 PISTOL HOSE NOZZLE 1 / 2 "X50'-2 PLY GARDEN HOSE HAVOLINE AUTO STEREO IV $196 1 GALLON SHRUBS TRIM-RITE LAWN & LEAF RAKE $0083 $1 900* FREON 12* REFRIGERANT AM/FM CASSETTE PLAYER PREMIUM-HP MOTOR OIL ELECTRIC TRIMMER MODDEL1200 40# POTTING SOIL or 2cf BARK MULCH YOUR CHOICE 2/*3 VINYL AUTO FLOOR MAT S.A.E. METRIC SIZE OPEN SUNDAY 12-5 $500 WINDSHIELD WASHER SOLVENT 1 GALLON 52 PC. RATCHET SOCKET SET CLEAR or SMOKE 4 PC. SET

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