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Expires 7/31/95 For Your Free Estimate or Consultation Call Our Glass Experts at: 810 3 5 3 - 5 770 REID (South of 9 Mile Road) *in-stock only 52 Farmington Hills, Michigan Professional measures & design consultation with no obligation GLASS And Visit Our Southfield Showroom at: 22223 Telegraph Road 810-661-8156 A Clear Reflection of Quality Since 1964 Advertising in The Jewish News Gets Results Place Your Ad Today. Call 354-6060 Jerusalem — Martin Currie, a major investment firm based in Edinburgh, Scotland, announced the launching of its $20 million Near East Opportunities Fund, an open-ended mutual fund which will invest in Israel and neighboring countries. Tristan Clube, investment di- rector of Martin Currie and in charge of the fund, said at a press conference that he hopes it will grow to at least $50 million in the coming year. The fund's principal investors are British Telecom's pension fund, Postel and Scottish Wid- ows. Martin Currie has appointed Meitav Investment Management and Concept as its Israeli advis- ers. Meitav general manager Zvi Stepak said the company will provide research and stock rec- ommendations for Israeli-quot- ed securities and will be handling all dealings by the fund in Israel. Mr. Stepak predicted that for- eign investors' investments in the local stock market will increase in the near future, assuming that interest rates and the inflation rate fall and political stability and the peace process continue. Mr. Stepak added that about $2 billion is invested in Israeli stocks traded in New York, re- flecting an indication of the po- tential for foreign investments in Israel. Foreign Funds In Israel Jerusalem — Unilateral trans- fers of private funds from abroad jumped 18 percent during the first five months of the year to $1.8 billion, covering less than half of the rapidly expanding trade gap, the Bank of Israel's Foreign Currency Department reported. About half of the transfers are presents or donations to individ- uals and organizations; 30 per- cent are net transfers of funds from immigrants, foreigners and returning residents, and the re- maining 20 percent consists of reparation money to Nazi war victims, mostly originating from Germany. The private sector's unilater- al transfers play a central role in financing Israel's balance-of-pay- ment deficit. In recent years, unilateral transfers covered about 60 per- cent of the trade gap. The trans- fers grew from 3.9 percent of the Gross Domestic Product in 1991 to 5.1 percent of GDP last year. Nevertheless, the cash inflow has been unable to match the bal- looning trade deficit. \