Fund Performance Review (4Q2006)

The year of 2006 was a year of China. The MSCI China Index rose 35.7 percent for the fourth quarter and 78.1 percent for the whole year ....

Morningstar Analysts 29 January, 2007 | 0:00
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The year of 2006 was a year of China. The MSCI China Index rose 35.7 percent for the fourth quarter and 78.1 percent for the whole year, significantly outperforming the regional benchmark return of 7.7 percent and 10.4 percent for the same period. Improved corporate governance, strong economic and earning growth, and increasing foreign inflows altogether boosted the performance of China equities this year. All of the top 10 performing funds for the year of 2006 are China region funds.

Other emerging markets also remained buoyant during the fourth quarter with the Latin America stock markets among top performers as economic growth continued and inflation was eased in the region. The MSCI Latin America Inde

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