AboutWarren Boroson Expertise Author of "Keys to Investing in Mutual Funds" (Barrons), "Ultimate Mutual Fund Guide" (Probus), "How to Pick Stocks Like Warren Buffett" (JKLasser), and "The Reverse Mortgage Advantage" (McGraw-Hill). Former financial columnist for Gannett News Service.
Experience Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD) about mutual funds and a newsletter, FundDigest.
Expert: Warren Boroson Date: 6/19/2005 Subject: mutual funds working internationally
Question I'm a student of Pharmacy in Pakistan. I have some questions please give me their answers:
1..Is there any mutual fund which works internationally and also have a workplace in Pakistan?
2..From here in Pakistan can we take part in some mutual funds which are not in Pakistan?
3..What will be the minimum amount of money which can be set apart for a mutual fund?(Remember i am a student).
4..http://www.daiwast.com/ is the site which i have recently visited. Here i found that each share is about 10$. Can i take one share from here?
5..If yes, then it is the minimum amount which i have to spend or there any other choices as well?
I will wait for your answers.
Thank you.
Answer Dear Usman Zafar Paracha:
I forwarded your questions to the Investment Company Institite here in the U.S., and here is the reply:
"The answers to these questions are determined by and depend on the securities
and investment laws of Pakistan. We represent US-based mutual funds. The US SEC
governs how investment companies are regulated and who can invest in US funds."
I suggest that you contact government agencies in Pakistan for answers to your questions.
