41.   He declined to say what types of industries the fund may invest in or in which countries.

42.   He also said he doubts the Brazilian government will let pension funds invest abroad anytime within the next two or three years.

43.   His fund invests mainly in Peruvian mining, construction and consumer stocks, he said.

44.   His fund often invested in private companies at very low prices, reaping great rewards if the companies subsequently sold stock to the public at higher prices.

45.   High-yield muni funds invest primarily in bonds that are unrated or rated BB or lower, which is below investment grade.

46.   If less than half are tendered, the board wants to allow the fund to invest in other Southeast Asian countries as well as Vietnam.

47.   If the trade embargo against Cuba is lifted, the fund will also invest directly in Cuban businesses, according to a Securities and Exchange Commission filing.

48.   If the latter, then presumably the funds should invest in everything from corporate high-yield debt to private equity deals and commodities.

49.   In addition to common stocks, the SIT fund can invest in preferred stock, currency futures and options, and convertible bonds, though it rarely does.

50.   In addition, most metals are priced in U.S. dollars, and the companies the fund invests in should be regarded as dollar-earners.