Investment

Fund hit by Taiwan woes

PUBLISHED : Wednesday, 27 March, 1996, 12:00am
UPDATED : Wednesday, 27 March, 1996, 12:00am

Formosa Growth Fund's losses widened to US$1.53 million last year, from $1.48 million in 1994, reflecting the fall in the Taiwan stock market last year.


The fund's net asset value per share fell 27.7 per cent to $12.86. Losses per share were up 19.3 per cent at 7.71 cents.