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Investment Manager Monthly Commentary

December 2011

Malaysia, the Philippines and Indonesia performed the best, while India, Singapore and South Korea were weak. Markets may continue to be volatile given the precarious balancing act policymakers in both the West and East are attempting to perform.
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Daily Data

At Close 27 Jan 2012

Price:117.63p

NAV:131.05p

Prem/-Disc:-10.24%

Source: Morningstar

Net Asset Value per ordinary share, including income, fully diluted.

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