The firmdata worksheet contains fundamental information

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Fin 504 Project 2 (individual work), due on 08/28/11 9pm California time, 10 points

firmdata

Bloomberg symbol	Primary Exchange	Name	Market Capitalization	EPS Growth - Last 5 years	Volatility 90 Day Calc	Volatility 90 Day Calc	Beta	Operating Income (Losses)	Effective Tax Rate	Capital Expenditures	Depreciation & Amortization	Net Income	Total Debt (ST & LT Debt)	Interest Expense	Revenues	Changes in Non-Cash Work Cap	Industry Subgroup	IBES Est Long Term Growth	Dividends Paid	Total Common Equity	Cash&Near Cash Items	EPS	Working Capital	EBITDA(Earn Bef Int Dep & Amo)	The Country Of Incorporation	IBES Est EPS Next Year	Closing Mid/Trade Price	SG&A	Minority Interests (Credits)	Instit Owner (% Shares Out)
NOK1V FH Equity	Helsinki	NOKIA OYJ	56711.34	4.47%	21.52%	21.522	1.688	4330	30.47%	-548	868	3207	234	25	29267	299	Wireless Equipment	0.30%	-1413	14238	1090	0.698	11539	5198	FI	0.802	12.16	6804	67	7.7309
NHY NO Equity	Oslo	NORSK HYDRO ASA	138670.10	28.66%	22.62%	22.621	1.087	31825	62.60%	-16187	16898	12560	23840	2197	155425	1315	Oil Comp-Integrated	1.50%	-2811	85890	14366	49.369	24329	48723	NO	41.688	535.5	123600	106	10.1605
ERICA SS Equity	Stockholm	ERICSSON LM-A SHS	321555.50	NA	29.68%	29.684	1.515	26501	31.96%	-2452	4797	19024	23556	4081	131972	-13278	Wireless Equipment	1.62%	-292	77299	12204	1.202	91181	31298	SE	1.404	20.3	37105	297	0.2706
SHEL LN Equity	London	SHELL TRANSPRT&TRADNG CO PLC	46696.29	12.81%	14.92%	14.924	0.891	5817.23	46.32%	-2778.98	2596.32	4045.17	3011.17	264.94	57873.32	-106.06	Oil Comp-Integrated	2.00%	0	17805.62	1766.15	0.391	247.21	8413.55	GB	0.725	485	3760.6	135.74	12.5284
2412 TT Equity	Taipei	CHUNGHWA TELECOM CO LTD	622278.20	-0.68%	16.98%	16.979	0.49	58316.23	17.62%	-32247.7	41980.13	48487.89	700	43.07	179148.5	2208.31	Telecom Services	2.10%	-38590.9	398039.1	13553.03	5.18	-12581.81	100296.4	TW	5.006	64.5	30109.68	0	NA
TLS AU Equity	ASX	TELSTRA CORP LTD	67192.60	3.64%	11.46%	11.461	0.593	6224	29.60%	-2572	3615	4117	12260	767	20737	-317	Telephone-Integrated	2.32%	-3186	15359	687	0.324	-2249	9839	AU	0.358	5.4	13969	-1	2.1068
REP SM Equity	Continuous	REPSOL YPF SA	25235.24	10.62%	13.02%	13.016	0.874	4371	37.52%	-2392	2511	1950	9446	859	41689	-1130	Oil Comp-Integrated	2.90%	-752	14545	247	1.597	2728	6882	ES	1.806	20.67	37318	230	12.685
FUM1V FH Equity	Helsinki	FORTUM OYJ	13731.70	9.94%	28.65%	28.649	0.694	1844	23.99%	-651	511	1227	5042	320	11665	111	Electric-Integrated	3.00%	-359	7394	146	1.439	-248	2355	FI	1.164	15.75	9942	31	5.8554
ENEL IM Equity	Milan	ENEL SPA	44815.32	2.55%	16.09%	16.088	0.799	4732	28.47%	-3623	4516	2509	24009	1555	28937	-370	Electric-Integrated	3.00%	-2183	21124	426	0.414	-6242	9248	IT	0.441	7.318	25613	-82	4.8771
CEI FP Equity	EN Paris	AREVA - CI	12011.53	-6.05%	33.63%	33.625	0.569	461	27.68%	-519	766	428	943	NA	11109	357	Energy-Alternate Sources	3.00%	-285	4241	0	12.07	663	1227	FR	11.704	338.9	2301	118	8.9698
CGE FP Equity	EN Paris	ALCATEL SA	12614.63	NA	32.72%	32.715	1.433	569	2.53%	-380	851	281	4359	134	12265	-627	Telecommunication Equip	3.17%	-9	3368	2785	0.208	5030	1420	FR	0.575	9.67	4006	66	9.9308
6954 JP Equity	Tokyo	FANUC LTD	1635840.00	7.16%	18.88%	18.884	1.004	85930	35.75%	-11245	9046	57313	0	0	264832	-8356	Electronic Compo-Misc	3.30%	-4934	673686	412177	254.62	477946	94976	JP	325.176	6830	34581	506	13.1307
ELEB BB Equity	EN Brussels	ELECTRABEL SA	18499.44	1.96%	16.52%	16.516	0.645	587.98	20.53%	-446	444.13	1007.22	3961.42	161.56	12148	111	Electric-Integrated	3.44%	-903	5179.43	177.07	17.22	1137.12	1032.11	BE	21.167	337.1	10257.13	117.41	3.248
BMY US Equity	New York	BRISTOL-MYERS SQUIBB CO	47096.60	-8.43%	15.22%	15.217	1.061	4699	34.38%	-676	909	2388	10346	310	19380	-725	Medical-Drugs	3.73%	-2174	10202	3680	1.23	4958	5608	US	1.311	24.16	8869	521	69.0841
RDA NA Equity	EN Amsterdam	ROYAL DUTCH PETROLEUM	97549.63	14.31%	13.88%	13.878	0.684	12854.53	44.22%	-6140.81	5737.18	8938.76	9953.67	585.44	127884.6	-234.37	Oil Comp-Integrated	3.83%	-4094.2	37748.43	3744.3	4.43	524.09	18591.71	NL	3.267	46.86	8309.92	299.95	7.4686
7201 JP Equity	Tokyo	NISSAN MOTOR CO LTD	4963745.00	NA	15.10%	15.103	1.04	824855	29.74%	-905000	449254	503667	3055591	27290	7429219	-397912	Auto-Cars/Light Trucks	4.08%	-74594	2023994	191742	122.02	664482	1274109	JP	127.39	1098	1294192	13790	6.2176
TLSN SS Equity	Stockholm	TELIASONERA AB	185606.70	NA	19.20%	19.204	0.975	15245	18.25%	NA	15596	12964	24675	NA	81937	NA	Telecom Services	4.18%	NA	121656	5543	2.773	2312	30841	SE	3.386	39.7	23588	1300	3.8046
VOLVB SS Equity	Stockholm	VOLVO AB-B SHS	141238.10	-21.07%	21.40%	21.397	1.046	13271	25.31%	-7405	10305	9355	61807	1231	210401	-7889	Auto-Med&Heavy Duty Trks	4.25%	-3356	69409	8791	22.353	41499	23576	SE	28.818	323.5	33183	40	9.8191
VOLVA SS Equity	Stockholm	VOLVO AB-A SHS	141238.10	-21.07%	22.53%	22.532	1.103	13271	25.31%	-7405	10305	9355	61807	1231	210401	-7889	Auto-Med&Heavy Duty Trks	4.25%	-3356	69409	8791	22.353	41499	23576	SE	28.818	312	33183	40	5.3787
UG FP Equity	EN Paris	PEUGEOT SA	11822.40	17.10%	18.24%	18.236	1.017	2054	32.93%	-2920	2389	1357	25284	600	57038	198	Auto-Cars/Light Trucks	4.36%	-321	12526	5475	5.643	11812	4443	FR	7.814	48.63	11255	20	8.3098
NGT LN Equity	London	NATIONAL GRID TRANSCO PLC	15209.57	-16.32%	17.91%	17.914	0.691	2132	22.98%	-1400	1117	2132	13248	876	8875	-96	Electric-Distribution	4.50%	-560	1213	96	0.284	-2218	3249	GB	36.586	492	6743	2	19.9614
4502 JP Equity	Tokyo	TAKEDA PHARMACEUTICAL CO LTD	4553073.00	25.47%	17.32%	17.323	0.655	371633	35.39%	-54160	28083	285264	6838	359	1086431	-16262	Medical-Drugs	4.63%	-60869	1781010	472969	321.86	1359585	399716	JP	343.502	5120	445403	2969	14.7185
SO US Equity	New York	SOUTHERN CO	23785.46	9.25%	15.03%	15.031	0.475	2827	27.32%	-2185	1178	1562	13858	667	11902	-538	Electric-Integrated	4.69%	-1075	10278	373	2.07	-328	4005	US	2.199	32.17	4911	0	40.5516
PETR3 BZ Equity	Sao Paulo	PETROBRAS - PETROLEO BRAS	127347.60	59.06%	28.58%	28.577	0.881	29030.73	27.95%	-20363.22	6170.54	17860.75	37216.59	4101.84	108201.5	-4923.68	Oil Comp-Integrated	4.70%	-5470.12	62271.57	1644.49	16.288	17329.43	35201.27	BR	21.181	123	16070.61	826.61	0.6074
FPL US Equity	New York	FPL GROUP INC	15006.43	3.99%	15.57%	15.572	0.574	1553	23.14%	-1541	1246	887	9744	489	10522	530	Electric-Integrated	4.78%	-467	7537	225	2.475	-1721	2799	US	2.654	40.5	3752	0	69.9629
BMW GR Equity	Xetra	BAYERISCHE MOTOREN WERKE AG	22849.87	NA	15.19%	15.186	1.006	3737	37.48%	-11570	5544	2222	30483	793	44335	-8	Auto-Cars/Light Trucks	4.86%	-392	17517	2230	3.299	2201	9281	DE	3.414	34.02	7091	0	11.6087
ENI IM Equity	Milan	ENI SPA	80729.20	20.53%	13.78%	13.784	0.898	9603	34.50%	-7843	4710	5585	16375	743	58346	-465	Oil Comp-Integrated	4.95%	-3011	26696	1580	1.817	175	14313	IT	1.581	20.16	42833	569	13.1889
PCA CN Equity	Toronto	PETRO-CANADA	18953.55	50.50%	20.49%	20.487	1.025	3620	45.86%	-4073	1402	1757	2580	142	14687	133	Oil Comp-Integrated	5.00%	-159	8739	170	6.64	-912	5022	CA	6.724	72.45	2925	0	48.4153
NEM US Equity	New York	NEWMONT MINING CORP	20130.28	NA	22.94%	22.937	0.649	1216.18	25.04%	-717.96	696.52	443.33	1596.74	97.61	4524.19	-71.69	Gold Mining	5.00%	-133.3	7937.66	782.71	1.11	1620.14	1912.7	US	1.48	44.64	308.26	335.3	76.1866
CNQ CN Equity	Toronto	CANADIAN NATURAL RESOURCES	19094.42	40.27%	33.43%	33.425	1.299	2258	34.95%	-4582	1769	1405	3636	189	6536	-14	Oil Comp-Explor&Prodtn	5.00%	-101	7324	28	5.24	-652	4027	CA	5.655	71.55	859	0	57.6026
UCL US Equity	New York	UNOCAL CORP	16843.10	56.06%	32.93%	32.929	0.891	1695	36.80%	-1744	997	1208	3062	160	8050	93	Oil Comp-Explor&Prodtn	5.00%	-210	5217	1160	4.35	349	2692	US	3.811	62.25	647	11	84.0885
IMO CN Equity	Toronto	IMPERIAL OIL LTD	32165.40	33.62%	23.66%	23.663	1.103	2982	32.21%	-1376	908	2052	1443	7	22408	442	Oil Comp-Integrated	5.00%	-317	6322	1279	5.75	-761	3890	CA	5.162	90.93	19426	0	16.4052
LKOH* RU Equity	RTS	LUKOIL	781469.90	NA	31.53%	31.527	0.88	3345	21.83%	-2881	920	3701	4811	273	22118	-471	Oil Comp-Integrated	5.00%	-467	17472	1435	4.357	2652	4265	RU	4.042	918.7676	18773	36	0.3747
BT/A LN Equity	London	BT GROUP PLC	16709.61	-16.98%	18.70%	18.695	0.858	2875	27.67%	-2684	2936	2880	13697	1220	18519	-657	Telephone-Integrated	5.12%	-645	3094	109	0.164	830	5811	GB	18.24	196.5	15821	-8	12.4702
BG/ LN Equity	London	BG GROUP PLC	14791.10	NA	17.67%	17.665	0.907	1329	39.64%	-1531	468	1329	1339	69	4082	-281	Oil Comp-Integrated	5.23%	-124	4570	132	0.256	-320	1797	GB	27.46	422	2753	28	12.2669
GM US Equity	New York	GENERAL MOTORS CORP	15925.42	-5.55%	30.76%	30.761	1.145	5049	-12.84%	-7330	10590	3691	301552	2480	193452	2769	Auto-Cars/Light Trucks	5.29%	-1121	28612	35993	6.54	234875	15639	US	3.297	28.35	30295	0	80.0542
HEIA NA Equity	EN Amsterdam	HEINEKEN NV	12714.84	2.42%	15.27%	15.265	0.619	1248	32.97%	-637	773	537	2642	180	10005	93	Brewery	5.31%	-243	3379	628	1.19	126	2021	NL	1.709	25.95	8757	85	7.5742
STL NO Equity	Oslo	STATOIL ASA	245233.60	37.07%	24.80%	24.795	0.958	63898	64.12%	-31800	17456	24916	36189	NA	303756	-7002	Oil Comp-Integrated	5.33%	-6390	85230	5028	11.502	4134	81354	NO	9.711	112	241111	505	2.8215
015760 KS Equity	Korea SE	KOREA ELECTRIC POWER CORP	17940960.00	13.38%	32.80%	32.798	0.616	5223798	42.90%	-6781993	4699787	2323425	22649600	829743	22774590	-664170	Electric-Integrated	5.47%	-511577	37654360	2050636	3686	-4599354	9923585	KR	4513.661	28000	1236230	23193	7.0316
BCE CN Equity	Toronto	BCE INC	27643.44	-27.50%	14.35%	14.345	0.644	4200	29.81%	-3364	3108	1593	13085	1005	19193	58	Telecom Services	5.48%	-1193	12362	380	1.55	-1746	7308	CA	2.315	29.86	14993	174	44.0372
D US Equity	New York	DOMINION RESOURCES INC/VA	25736.40	5.92%	14.19%	14.19	0.593	2717	35.35%	-2750	1433	1265	17448	923	13972	-400	Electric-Integrated	5.49%	-877	11426	389	3.84	-934	4150	US	5.391	75.66	4572	0	66.0778
AI FP Equity	EN Paris	AIR LIQUIDE	15451.52	7.48%	13.73%	13.727	0.896	1276.9	25.81%	-875.4	914.4	777.5	4575.3	110.3	9376.2	-234.3	Industrial Gases	5.50%	-336.1	5373.6	785	7.203	1574.9	2191.3	FR	8.927	141.5	8099.3	64.3	10.0393
TIM IM Equity	Milan	TIM SPA	42260.73	7.82%	16.64%	16.639	0.92	3786	41.62%	-1244	1542	2342	640	195	12900	369	Cellular Telecom	5.59%	-429	7291	328	0.275	558	5328	IT	0.317	4.898	8053	114	4.3329
BP/ LN Equity	London	BP PLC	120802.20	22.63%	14.74%	14.735	0.952	18571	34.16%	-13035	12583	25242	23091	793	285059	-4654	Oil Comp-Integrated	5.60%	-6041	76635	1156	0.721	-2948	31154	GB	0.649	565	15625	230	7.8373
MRK US Equity	New York	MERCK & CO. INC.	69906.94	0.86%	35.17%	35.171	0.579	7690.9	26.59%	-1726.1	1450.7	5813.4	6872.7	293.7	22938.6	2017.4	Medical-Drugs	5.62%	-3310.7	17288.2	2878.8	2.62	1731.1	9141.6	US	2.409	31.72	10381.1	154.2	62.5513
FP FP Equity	EN Paris	TOTAL SA	116017.30	26.00%	12.46%	12.464	0.86	15753	45.72%	-7167	6090	9612	13257	629	122700	472	Oil Comp-Integrated	5.66%	-4293	31260	3837	15.919	5349	21843	FR	13.497	182.7	106947	260	13.2338
EXC US Equity	New York	EXELON CORP	30328.50	NA	18.79%	18.786	0.63	3433	27.51%	-2188	1933	1867	13551	905	14515	362	Electric-Integrated	5.69%	-834	9423	528	2.79	-956	5366	US	3.231	45.69	6000	-21	66.6874
CVX US Equity	New York	CHEVRONTEXACO CORP	126518.90	31.28%	20.13%	20.13	0.73	16688	36.43%	-6310	4935	13328	11272	406	142897	430	Oil Comp-Integrated	5.72%	-3236	45230	9291	6.16	9708	21623	US	4.815	59.45	26855	85	62.6135
9437 JP Equity	Tokyo	NTT DOCOMO INC	9433840.00	22.60%	22.87%	22.868	0.933	1102918	39.76%	-625284	720997	650007	1091596	13216	5048065	280873	Cellular Telecom	5.80%	-49813	3704695	838030	13099.01	493679	1823915	JP	10976.61	188000	3945147	40	3.6384
SBC US Equity	New York	SBC COMMUNICATIONS INC	76672.78	-4.92%	14.78%	14.784	1.072	5901	30.51%	-5099	7564	5887	26965	1023	40787	594	Telephone-Integrated	5.96%	-4141	40504	760	1.5	-10393	13465	US	1.562	23.4	17503	0	56.4329
WY US Equity	New York	WEYERHAEUSER CO	16522.18	12.76%	17.96%	17.963	1.08	2706	34.04%	-622	1322	1283	10638	829	22665	-271	Forestry	5.98%	-372	9255	1197	5.45	2338	4028	US	5.42	67.11	1625	0	79.6787
DGE LN Equity	London	DIAGEO PLC	22434.19	11.40%	13.04%	13.036	0.709	1911	24.77%	-327	224	1911	5317	393	8891	-13	Beverages-Wine/Spirits	6.00%	-800	3692	1167	0.458	-107	2135	GB	51.92	749.5	6984	90	17.3868
GSK LN Equity	London	GLAXOSMITHKLINE PLC	71731.81	NA	19.75%	19.746	1.2	6246	27.80%	-865	891	6090	7561	298	20359	-317	Medical-Drugs	6.11%	-2477	5925	1161	0.75	2777	7137	GB	84.123	1224	9900	114	10.9223
SGO FP Equity	EN Paris	COMPAGNIE DE SAINT-GOBAIN	15985.52	-0.21%	16.35%	16.347	0.999	2288	35.84%	-1351	1491	1039	8731	412	29590	231	Bldg&Construct Prod-Misc	6.11%	-379	11087	1527	3.081	4697	3779	FR	3.71	46.88	5039	26	12.7722
ELE SM Equity	Continuous	ENDESA S.A.	18390.52	0.49%	12.54%	12.537	1.004	2930	17.91%	-2664	1955	1379	17558	1317	17866	0	Electric-Integrated	6.16%	NA	9477	183	1.302	-933	4885	ES	1.505	17.37	5772	454	8.029
VZ US Equity	New York	VERIZON COMMUNICATIONS INC	96893.38	-0.75%	15.17%	15.168	0.942	13117	22.77%	-13259	13910	7831	39267	2384	71283	-3813	Telephone-Integrated	6.23%	-4262	37560	2290	2.62	-3650	27027	US	2.667	35.21	34998	2409	58.5133
XOM US Equity	New York	EXXON MOBIL CORP	398203.70	27.95%	19.98%	19.977	0.717	35872	37.87%	-11986	9767	25330	8293	638	263989	6455	Oil Comp-Integrated	6.23%	-6896	101756	18531	3.91	17396	45639	US	3.97	61.49	55901	776	53.699
RWE GR Equity	Xetra	RWE AG	25164.05	14.18%	19.37%	19.366	0.757	6256	37.49%	-3429	3140	2137	27383	2247	37807	-631	Electric-Integrated	6.25%	-703	9656	1526	4.017	2894	9381	DE	4.363	44.65	32417	277	8.424
DVN US Equity	New York	DEVON ENERGY CORPORATION	23146.42	NA	28.55%	28.549	0.476	3704	33.62%	-3103	2334	2186	7964	475	9189	-46	Oil Comp-Explor&Prodtn	6.31%	-107	13524	1152	4.51	483	6038	US	4.092	48.21	321	0	82.546
OXY US Equity	New York	OCCIDENTAL PETROLEUM CORP	28964.31	33.06%	24.21%	24.205	0.646	4270	38.92%	-1843	1303	2568	3804	260	11368	-536	Oil Comp-Integrated	6.33%	-424	10550	1449	6.59	1008	5573	US	6.036	72.76	1286	75	81.0001
CA FP Equity	EN Paris	CARREFOUR SA	28106.07	7.67%	14.90%	14.904	1.011	2933.4	32.72%	-2717	2066	1629.1	11312.3	548.3	72668	323	Food-Retail	6.43%	-522	6559.3	831.9	1.937	-8281.3	4999.4	FR	2.837	39.86	12922.4	110.7	7.0507
LG FP Equity	EN Paris	LAFARGE SA	12989.86	-2.11%	16.08%	16.077	1.218	1822	17.91%	-1133	1037	868	8152	517	14436	-377	Bldg Prod-Cement/Aggreg	6.67%	-504	8408	1584	5.16	1959	2859	FR	6.415	76	2981	264	12.9486
SLE US Equity	New York	SARA LEE CORP	16749.56	5.36%	22.69%	22.689	0.699	1652	17.51%	-530	734	1272	5295	271	19566	-254	Food-Misc/Diversified	6.75%	-714	2948	638	1.61	323	2386	US	1.616	21.25	5897	0	62.2972
9502 JP Equity	Tokyo	CHUBU ELECTRIC POWER CO INC	1901092.00	23.28%	8.53%	8.529	0.375	334441	34.72%	-248275	401061	114717	3706458	96428	2101072	NA	Electric-Integrated	6.86%	-43890	1367127	45666	157.21	-626006	735502	JP	172.075	2580	1423450	354	3.6038
AT US Equity	New York	ALLTEL CORP	16835.78	5.96%	16.16%	16.163	0.814	1972.5	33.81%	-1310.5	1299.7	1046.2	5577.4	352.5	8246.1	-196.6	Telephone-Integrated	6.94%	-467.6	7128.4	484.9	3.34	156.5	3272.2	US	3.676	55.61	2823.9	80.1	67.9747
FTE FP Equity	EN Paris	FRANCE TELECOM SA	56304.55	NA	18.93%	18.93	0.574	8248	39.96%	-5215	9744	2784	47390	3397	47157	650	Telephone-Integrated	6.94%	-710	15681	3203	1.14	-15065	17992	FR	2.016	22.82	21771	218	10.2112
VLO US Equity	New York	VALERO ENERGY CORP	17883.04	123.81%	39.91%	39.908	0.736	2979.2	33.44%	-1291.5	618.4	1803.8	4312.8	259.7	54617.9	202.6	Oil Refining&Marketing	6.95%	-79.4	7589.9	863.6	7.02	730.9	3597.6	US	5.694	69.91	1701.2	0	83.6158
LOR FP Equity	EN Paris	ARCELOR	11643.89	NA	25.48%	25.484	1.299	3194	16.14%	-1424	1147	2314	6641	408	30176	-726	Steel-Producers	7.00%	-249	10902	4043	4.26	5586	4341	LU	2.659	18.2	26982	403	11.6244
5108 JP Equity	Tokyo	BRIDGESTONE CORP	1678701.00	5.97%	17.02%	17.02	0.707	197697	34.73%	-179565	111490	114453	479572	11330	2416685	-44403	Rubber-Tires	7.00%	-13258	934980	252796	138.96	478606	309187	JP	158.359	2015	685737	3605	11.2503
AVE FP Equity	EN Paris	AVENTIS SA	59549.85	NA	20.62%	20.62	0.931	3670	32.49%	-836	1613	1901	5085	423	17815	-2030	Medical-Drugs	7.00%	-570	10434	828	2.419	619	5283	FR	3.855	74.2	14145	29	1.9331
KFT US Equity	New York	KRAFT FOODS INC-A	55571.52	5.39%	13.82%	13.817	0.785	5218	32.29%	-1085	813	3476	12291	666	32168	-506	Food-Misc/Diversified	7.06%	-1089	29911	282	1.56	644	6786	US	2.047	32.55	6669	3	46.549
941 HK Equity	Hong Kong	CHINA MOBILE HONG KONG LTD	517194.50	39.85%	22.56%	22.559	1.353	51353	32.88%	-43871	38508	52959	44600	2099	192381	7261	Cellular Telecom	7.13%	-10018	198803	39129	2.14	-8693	89861	HK	2.424	26.25	107251	-9	3.8483
MRO US Equity	New York	MARATHON OIL CORP	16174.29	12.13%	22.04%	22.041	0.768	2361	28.98%	-2237	1217	1261	4073	161	45135	474	Oil Comp-Integrated	7.23%	-348	8111	3369	3.74	3614	3578	US	4.047	46.9	1565	525	82.1471
BLS US Equity	New York	BELLSOUTH CORP	46136.85	0.33%	16.14%	16.136	0.838	5328	34.55%	-3193	3636	4758	20583	916	20300	-1099	Telephone-Integrated	7.24%	-1901	23066	680	1.85	-4671	8964	US	1.849	25.38	7452	0	58.7951
APC US Equity	New York	ANADARKO PETROLEUM CORP	18347.57	91.33%	25.32%	25.315	0.595	2953	35.16%	-3064	1447	1606	3840	352	6067	-258	Oil Comp-Explor&Prodtn	7.25%	-144	9196	874	6.41	509	4400	US	6.857	77.55	735	0	82.087
COP US Equity	New York	CONOCOPHILLIPS	75996.41	37.26%	21.09%	21.087	0.706	13071	43.48%	-9496	3798	8129	15002	546	118719	-601	Oil Comp-Integrated	7.37%	-1232	42723	1387	11.74	-565	16869	US	10.156	107.97	4132	32	80.8695
F US Equity	New York	FORD MOTOR CO	20927.19	-18.07%	17.87%	17.865	1.39	4831	19.31%	-6745	6618	3487	172973	1221	171652	NA	Auto-Cars/Light Trucks	7.43%	-733	16045	23511	1.99	-63590	11449	US	1.839	11.67	25115	282	45.1531
BR US Equity	New York	BURLINGTON RESOURCES INC	19636.23	NA	30.50%	30.495	0.61	2708	33.72%	-1582	1137	1527	3889	282	5618	45	Oil Comp-Explor&Prodtn	7.48%	-122	7011	2179	3.9	1856	3845	US	3.593	50.33	473	0	84.308
BN FP Equity	EN Paris	GROUPE DANONE	20284.07	7.99%	13.99%	13.987	0.671	1604	32.30%	-543	599	839	5036	208	13700	193	Food-Misc/Diversified	7.58%	-432	4824	451	3.58	337	2203	FR	4.506	75.65	5544	184	13.5525
CBRY LN Equity	London	CADBURY SCHWEPPES PLC	10527.90	9.39%	14.51%	14.511	0.857	944	29.44%	-259	354	805	4216	214	6738	-70	Food-Misc/Diversified	7.67%	-246	2859	201	0.213	-275	1298	GB	32.868	512	5794	22	17.0106
ADM US Equity	New York	ARCHER-DANIELS-MIDLAND CO	15933.12	13.22%	26.49%	26.494	0.806	746.49	31.10%	-509.24	685.61	494.71	5671.18	341.99	36151.39	-985.3	Agricultural Operations	7.75%	-174.11	7698.22	540.21	0.76	3588.76	1432.1	US	1.58	24.35	1401.83	0	67.2484
DE US Equity	New York	DEERE & CO	16690.86	40.75%	23.78%	23.779	1.34	2422.8	33.51%	-363.8	621	1406.1	14547.9	168.8	19792.9	-1321.7	Machinery-Farm	7.75%	-246.4	6392.8	3181.1	5.69	762.9	3043.8	US	6.52	67.75	2729	0	82.8948
NESN VX Equity	Virt-x	NESTLE SA-REGISTERED	130437.80	7.51%	10.69%	10.687	0.829	9175	25.57%	-3295	4383	6717	25453	1090	86769	-2294	Food-Misc/Diversified	7.84%	-2800	39219	4902	17.29	6168	13558	CH	20.905	323.25	41574	422	12.9459
4063 JP Equity	Tokyo	SHIN-ETSU CHEMICAL CO LTD	1793084.00	10.14%	18.43%	18.427	1.035	125625	38.53%	-68578	73581	74805	163166	4167	832804	-14590	Chemicals-Diversified	8.00%	-6306	900724	210322	177.25	408799	199206	JP	232.174	4170	88094	2409	10.7794
KMB US Equity	New York	KIMBERLY-CLARK CORP	31234.40	2.85%	14.89%	14.891	0.692	2506.4	20.78%	-535	800.3	1800.2	3512.7	162.5	15083.2	133	Consumer Products-Misc	8.14%	-767.9	6629.5	594	3.58	424.7	3306.7	US	4.144	64.9	2562.1	73.9	76.922
WYE US Equity	New York	WYETH	52012.57	NA	24.04%	24.041	1.033	4150.36	1050.35%	-1255.28	622.4	1234	8123.02	221.6	17358.03	-377.11	Medical-Drugs	8.16%	-1227.03	9847.86	4743.57	0.93	5902.49	4772.76	US	2.967	39.26	8260.4	0	77.8519
IBE SM Equity	Continuous	IBERDROLA SA	17958.86	10.48%	11.52%	11.524	0.708	1999.9	30.42%	-1850.71	857.8	1210.7	10800	482.9	10314.5	-799.51	Electric-Integrated	8.18%	NA	8717	106	1.343	-89	2857.7	ES	1.672	19.92	2168.4	12.3	8.7314
PFE US Equity	New York	PFIZER INC	192886.50	13.27%	33.37%	33.365	0.831	17088	19.03%	-2601	5093	11361	18545	347	52516	-1550	Medical-Drugs	8.40%	-5082	68085	1808	1.51	13236	22181	US	2.222	26.01	27887	10	65.3945
BATS LN Equity	London	BRITISH AMERICAN TOBACCO PLC	19865.55	15.59%	15.15%	15.151	0.467	2175	35.10%	-265	846	1794	3809	234	10764	17	Tobacco	8.50%	-823	5220	1893	0.522	-989	3021	GB	64.503	920	8589	126	13.4914
SHC CN Equity	Toronto	SHELL CANADA LTD	25489.73	16.09%	24.31%	24.305	0.723	1851	31.78%	-1021	722	1286	172	26	11228	-82	Oil Comp-Integrated	8.50%	-259	6528	127	4.68	-188	2573	CA	5.249	91.22	2278	0	7.7926
SU CN Equity	Toronto	SUNCOR ENERGY INC	21987.81	45.35%	29.20%	29.202	1.138	1626	32.76%	-1316	717	1100	2247	87	8621	181	Oil Comp-Integrated	8.50%	-106	4897	88	2.4	-214	2343	CA	3.015	48.31	3411	0	58.8894
MCD US Equity	New York	MCDONALD'S CORP	40542.38	4.68%	16.85%	16.854	0.911	3540.5	28.85%	-1419.3	1201	2278.5	9219.5	358.4	19064.7	190.3	Retail-Restaurants	8.54%	-695	14201.5	1379.8	1.81	-662.7	4741.5	US	2.251	31.8	3424.4	0	76.1284
MO US Equity	New York	ALTRIA GROUP INC	133591.50	7.46%	19.05%	19.05	0.777	16322	32.42%	-1913	1607	9416	22980	1417	63963	-1	Tobacco	8.57%	-5672	30714	5744	4.6	2327	17929	US	5.566	64.9	13682	44	72.3247
8183 JP Equity	Tokyo	SEVEN-ELEVEN JAPAN CO LTD	2625019.00	9.09%	15.42%	15.415	1.208	165698	42.01%	-43177	28960	93135	10204	0	474283	-5734	Retail-Convenience Store	8.64%	-30374	639016	323313	115.74	146305	194658	JP	138.884	3190	197143	-194	4.8634
GIS US Equity	New York	GENERAL MILLS INC	18670.16	10.08%	14.51%	14.512	0.551	2077	33.35%	-628	399	1055	8226	537	11070	-186	Food-Misc/Diversified	8.65%	-413	5248	751	2.82	458	2476	US	3.132	51	2409	0	71.38
AA US Equity	New York	ALCOA INC	27452.88	2.40%	19.63%	19.626	1.29	2185	25.27%	-1143	1212	1310	6300	270	23478	-401	Metal-Aluminum	8.67%	-524	13245	457	1.61	1195	3397	US	2.358	31.56	262	245	79.2604
KO US Equity	New York	COCA-COLA CO/THE	100548.90	15.33%	11.08%	11.075	0.74	6178	22.10%	-755	893	4847	7178	196	21962	-617	Beverages-Non-alcoholic	8.67%	-2429	15935	6707	2	1123	7071	US	2.222	42	8146	0	61.0243
K US Equity	New York	KELLOGG CO	18045.90	21.08%	13.66%	13.655	0.671	1681.1	34.80%	-278.6	410	890.6	4880.9	308.6	9613.9	-29.8	Food-Misc/Diversified	8.78%	-417.6	2257.2	417.4	2.16	-724.2	2091.1	US	2.555	42.41	2634.1	0	80.2446
MEO GR Equity	Xetra	METRO AG	13232.51	6.12%	16.92%	16.923	0.897	1302	30.11%	-1118	1297	496	7802	528	53595	330	Food-Retail	8.84%	-334	4161	1581	1.52	-4022	2599	DE	2.833	40.03	12037	75	9.927
7267 JP Equity	Tokyo	HONDA MOTOR CO LTD	4985585.00	9.24%	17.44%	17.442	0.826	600144	35.25%	-287741	213445	464338	2616008	10194	8162600	24835	Auto-Cars/Light Trucks	8.90%	-33541	2874400	724421	486.91	318435	813589	JP	531.958	5370	1952650	0	11.535
RNO FP Equity	EN Paris	RENAULT SA	19332.97	43.05%	16.92%	16.922	1.307	2396	14.91%	-3483	2266	3551	27590	518	40715	407	Auto-Cars/Light Trucks	8.92%	-383	15551	5521	13.352	11901	4662	FR	12.197	67.85	7157	67	10.5658
4901 JP Equity	Tokyo	FUJI PHOTO FILM CO LTD	2017334.00	2.90%	21.22%	21.224	0.752	180427	43.06%	-160070	172622	82317	260088	7324	2560387	39855	Photo Equipment&Supplies	9.00%	-12833	1749882	461764	160.38	738562	353049	JP	201.982	3920	877982	13289	16.614
ULVR LN Equity	London	UNILEVER PLC	14693.27	-5.59%	12.99%	12.987	0.876	3396	27.53%	-718.61	1410.91	3863.03	13089	468	27239	-138.46	Food-Misc/Diversified	9.00%	-1166	3912	1840	0.195	1366	5269.91	GB	31.315	504.75	NA	123	9.7769
MS IM Equity	Milan	MEDIASET SPA	13099.82	5.38%	16.46%	16.463	1.018	777.6	36.51%	-69.1	1090.6	369.7	711.6	30.5	3029.3	-354.1	Television	9.00%	-264.3	2569.7	286.2	0.314	491.4	1868.2	IT	0.516	11.09	2292.4	58.9	8.7395
BUD US Equity	New York	ANHEUSER-BUSCH COS INC.	36936.64	13.37%	9.06%	9.061	0.6	3361	34.18%	-1089.6	932.7	2240.3	8278.6	405	14934.2	-39.3	Brewery	9.00%	-742.8	2668.1	228.1	2.8	-150.6	4293.7	US	2.987	47.4	2590.7	0	61.225
GCI US Equity	New York	GANNETT CO	20093.51	8.64%	14.13%	14.126	0.688	2147.68	33.99%	-279.79	244.02	1317.19	4607.74	140.65	7381.28	-31.78	Publishing-Newspapers	9.01%	-273.03	8164	135.87	4.98	365.25	2391.7	US	5.684	80	1412.17	0	83.9916
BAY GR Equity	Xetra	BAYER AG	18762.48	-20.14%	20.67%	20.666	1.03	1947	37.67%	-1251	2196	603	9722	705	23045	-760	Chemicals-Diversified	9.12%	-559	12268	3570	0.89	8305	4143	DE	1.803	25.63	8832	-3	13.2557
SIE GR Equity	Xetra	SIEMENS AG-REG	54471.73	16.16%	14.65%	14.645	1.093	2613	15.62%	-2764	3344	3405	11219	451	75167	-479	Diversified Manufact Op	9.12%	-978	26855	12190	3.82	12574	5957	DE	4.463	61.3	19032	166	11.1776
9020 JP Equity	Tokyo	EAST JAPAN RAILWAY CO	2324000.00	40.42%	15.96%	15.962	0.473	351419	44.84%	-374642	322300	119866	3974672	160943	2542297	-3254	Transport-Rail	9.17%	-28000	1100175	83142	29928.14	-680645	673719	JP	35691.746	581000	495853	3067	10.8668
VALE3 BZ Equity	Sao Paulo	CIA VALE DO RIO DOCE	99508.10	34.53%	36.21%	36.209	0.671	6195.5	15.86%	-5012	1276	4508.85	13709.26	3732.73	19442.41	0	Diversified Minerals	9.19%	-1930	14939.57	610	3.916	978.02	7471.5	BR	9.935	91.7	2506.12	253.02	0.5416
GD US Equity	New York	GENERAL DYNAMICS CORP	21131.71	6.51%	17.54%	17.537	0.954	1941	32.61%	-266	326	1227	3297	148	19178	-31	Aerospace/Defense	9.27%	-278	7189	976	6.03	1913	2267	US	7.526	106.3	1200	0	80.5847
TIT IM Equity	Milan	TELECOM ITALIA SPA	44024.50	NA	16.96%	16.963	0.965	7200	61.62%	-3111	6646	781	38562	1952	31237	-3549	Telephone-Integrated	9.30%	-2780	15172	9878	0.049	7509	13846	IT	0.184	2.785	24037	1121	7.7864
RB/ LN Equity	London	RECKITT BENCKISER PLC	11263.33	NA	15.81%	15.814	0.615	759	23.90%	-78	97	759	240	43	3871	46	Soap&Cleaning Prepar	9.33%	-216	1671	51	0.82	111	856	GB	95.882	1615	1362	0	22.7369
NOVOB DC Equity	Copenhagen	NOVO NORDISK A/S-B	114920.90	21.62%	17.42%	17.419	0.89	6980	32.77%	-3139	1892	5013	1695	107	29031	107	Medical-Drugs	9.39%	-1488	26504	3433	14.892	10469	8872	DK	17.079	324	14576	NA	20.4379
SU FP Equity	EN Paris	SCHNEIDER ELECTRIC SA	13798.00	-4.36%	18.75%	18.753	1.038	1093.6	35.90%	-277.8	579.5	564.6	1548.4	126.5	10365.3	-137.5	Machinery-Electrical	9.50%	-334.2	7488.1	556.7	2.556	2672.4	1673.1	FR	3.404	61	3306.6	30.1	10.2383
APA US Equity	New York	APACHE CORP	20830.79	46.77%	28.27%	28.272	0.591	2872.28	37.29%	-3336.62	1222.15	1668.75	2588.39	119.81	5308.02	-86.16	Oil Comp-Explor&Prodtn	9.50%	-90.37	8106.03	111.09	5.1	65.89	4094.44	US	5.368	62.58	173.19	0	79.5483
AUTO IM Equity	Milan	AUTOSTRADE SPA	11685.78	NA	22.91%	22.911	0.689	891.56	67.14%	-1467.49	536.4	156.76	9012.44	432.59	2443.53	129.25	Public Thoroughfares	9.50%	-176.76	1173.03	1054.99	0.75	-118.65	1427.96	IT	0.6	20.44	1666.61	-7.04	4.9235
DPW GR Equity	Xetra	DEUTSCHE POST AG-REG	20052.66	7.40%	12.52%	12.518	0.859	2486	29.92%	-1484	1685	1309	126328	284	43170	467	Transport-Services	9.53%	-445	6106	3355	1.429	-3144	4171	DE	1.779	17.95	38432	33	6.4785
OR FP Equity	EN Paris	L'OREAL	40563.73	35.26%	12.86%	12.86	0.966	1769.9	29.55%	-557.9	500.1	1491.5	1941.2	52.3	14534	-21.6	Cosmetics&Toiletries	9.55%	-487.5	6608.8	554.1	5.363	682.7	2270	FR	2.692	60	12259.2	7.7	4.4771
CL US Equity	New York	COLGATE-PALMOLIVE CO	27269.16	9.31%	23.36%	23.36	0.8	2201.5	32.94%	-348.1	327.8	1327.1	3675.1	126	10584.2	27.7	Cosmetics&Toiletries	9.67%	-536.2	971.4	319.6	2.45	9.2	2529.3	US	2.916	51.96	3638.9	47.9	67.8785
NXTL US Equity	NASDAQ N-Mkt	NEXTEL COMMUNICATIONS INC-A	31829.97	NA	24.26%	24.262	1.072	3283	-13.42%	-2513	1841	3000	8549	594	13368	-725	Cellular Telecom	9.77%	NA	9408	1479	2.69	2598	5124	US	2.048	28.67	6082	0	81.9515
RO SW Equity	SWX Elec	ROCHE HOLDING AG-BEARER	109073.80	-5.03%	21.46%	21.461	0.794	6067	28.37%	-2344	2852	6641	8960	658	29522	227	Medical-Drugs	9.78%	-1482	28223	2605	5.163	19505	8919	CH	6.526	143	18195	464	0.165
DD US Equity	New York	DU PONT (E.I.) DE NEMOURS	51973.65	56.43%	16.70%	16.701	1.027	2227	-22.82%	-1232	1347	1780	6484	362	27340	-1337	Chemicals-Diversified	9.83%	-1404	11140	3369	1.78	7272	3574	US	3.184	51.58	4697	-9	62.8369
CNA LN Equity	London	CENTRICA PLC	8530.29	15.17%	23.39%	23.386	0.898	1004	32.94%	-349	587	1004	1128	19	17666	-33	Gas-Distribution	9.84%	-1314	2352	41	0.144	261	1591	GB	23.555	225.5	2239	20	14.3687
GSPBEX* RU Equity	RTS	GAZPROM-RTS TRADING	1938624.00	NA	29.33%	29.334	0.778	226338	31.57%	-144370	99648	159095	515525	32301	819753	NA	Oil Comp-Explor&Prodtn	10.00%	-8479	1855130	71396	8.02	174335	325986	RU	0.347	81.89	593415	3062	0.0631
UNP US Equity	New York	UNION PACIFIC CORP	17267.63	-5.97%	21.06%	21.059	0.745	1295	29.44%	-1876	1111	604	8131	527	12215	96	Transport-Rail	10.00%	-310	12655	977	2.33	-226	2406	US	4.488	66.16	694	0	83.3748
NATP IN Equity	Mumbai	NATIONAL THERMAL POWER CORP	739618.10	-57.43%	24.81%	24.813	NA	31520	13.62%	-46654	20246	41547	154528	33697	188519	-643	Electric-Generation	10.00%	-3475	355512	6091	5.103	42217	51766	IN	6.179	89.7	156999	0	1.2008
TELMEXA MM Equity	Mexico	TELEFONOS DE MEXICO SA-SER A	238216.60	1.34%	17.22%	17.216	0.779	43655.89	35.30%	-18885.8	22947.44	27496.6	90041.15	6378.48	138802	12325.9	Telephone-Integrated	10.00%	-8144.25	93869.89	20499	2.324	11603.98	66603.33	MX	2.44	20.6	22118.62	338.73	2.2736
SOL SJ Equity	Johannesburg	SASOL LTD	103824.00	18.02%	29.08%	29.08	0.904	10236	35.45%	-10888	5021	9314	17693	439	60151	292	Oil Comp-Integrated	10.00%	-2745	35027	2063	9.371	3993	15257	ZA	13.507	15400	11464	67	9.2904
HSY US Equity	New York	HERSHEY FOODS CORP	15348.65	7.67%	15.27%	15.273	0.646	902.18	29.29%	-181.73	189.66	590.88	1312.92	67.92	4429.25	-33.99	Food-Confectionery	10.20%	-205.75	1089.3	54.84	2.38	-102.94	1091.84	US	2.569	62.42	847.54	0	59.3549
PX US Equity	New York	PRAXAIR INC	15393.63	9.09%	16.72%	16.723	1.067	1083	24.19%	-668	578	697	3525	155	6594	-68	Industrial Gases	10.33%	-195	3608	25	2.14	-131	1661	US	2.748	47.96	946	30	83.6749
SAP GR Equity	Xetra	SAP AG	38098.02	17.13%	17.91%	17.913	1.214	2018	36.52%	-212	210	1311	31.55	4	7514	282	Enterprise Software/Serv	10.37%	-249	3709.45	1340.39	4.22	2048.55	2228	DE	5.476	120.5	2908	5	8.017
9022 JP Equity	Tokyo	CENTRAL JAPAN RAILWAY CO	2105600.00	45.94%	14.27%	14.267	0.574	344445	41.31%	-160951	225439	72278	4061544	193698	1384055	-16185	Transport-Rail	10.40%	-11200	765970	59205	32172.54	-429032	569884	JP	44866.332	940000	168402	1261	1.818
IBM US Equity	New York	INTL BUSINESS MACHINES CORP	146006.00	3.47%	11.60%	11.597	0.973	10975	29.76%	-4368	4915	8430	22927	139	96293	2733	Computers	10.45%	-1174	29747	10053	5.04	7172	15890	US	6.159	89.86	25057	0	58.132
NOC US Equity	New York	NORTHROP GRUMMAN CORP	18881.54	-2.33%	16.18%	16.178	0.651	2006	32.32%	-672	734	1084	5508	431	29853	-32	Aerospace/Defense	10.47%	-322	16700	1230	3.04	684	2740	US	3.974	52.34	2712	0	89.1088
IMT LN Equity	London	IMPERIAL TOBACCO GROUP PLC	10040.71	5.74%	16.61%	16.605	0.364	1014	34.59%	-103	310	885	3927	228	3032	79	Tobacco	10.50%	-326	118	262	0.614	-334	1324	GB	102.576	1381	2018	5	20.1844
WWY US Equity	New York	WRIGLEY WM JR CO	14921.46	10.49%	13.73%	13.734	0.622	720.22	31.58%	-220.32	141.85	492.95	90	NA	3648.59	63.06	Food-Confectionery	10.60%	-207.8	2178.68	628.55	2.19	787.94	862.07	US	2.731	66.61	1318.39	0	56.7766
TSCO LN Equity	London	TESCO PLC	24299.28	10.66%	15.41%	15.405	0.752	1780	31.12%	-2239	752	1735	5190	258	30814	455	Food-Retail	10.69%	-303	7945	670	0.151	-2626	2532	GB	20.563	316.5	109	2	14.577
VOW GR Equity	Xetra	VOLKSWAGEN AG	14147.07	-2.21%	16.98%	16.979	0.935	1523	34.85%	-7492	8556	677	61083	660	88963	865	Auto-Cars/Light Trucks	10.71%	-457	23865	10221	1.76	6722	10079	DE	4.029	35.15	11474	39	11.4439
EOA GR Equity	Xetra	E.ON AG	45492.08	2.15%	15.36%	15.364	0.673	6059	28.64%	-2712	2880	4339	20576	1141	44745	-1133	Electric-Integrated	10.71%	-1312	33560	4148	6.618	6721	8939	DE	6.16	65.45	6551	504	16.8111
PEP US Equity	New York	PEPSICO INC	88104.03	11.84%	13.46%	13.458	0.681	5409	24.74%	-1387	1264	4212	3451	167	29261	-313	Beverages-Non-alcoholic	10.72%	-1329	13482	1280	2.45	1887	6673	US	2.853	52.3	10446	0	68.5095
ABT US Equity	New York	ABBOTT LABORATORIES	68686.88	5.01%	17.36%	17.356	0.926	4177.33	23.02%	-1291.63	1288.7	3235.85	6780.62	200.21	19680.02	-484.92	Medical-Drugs	10.75%	-1599.77	14325.79	1225.63	2.03	3908.85	5466.03	US	2.739	44.53	6618.53	0	63.7742
GE US Equity	New York	GENERAL ELECTRIC CO	376403.10	7.98%	13.56%	13.558	1.025	20505	16.70%	-13118	8385	16593	370907	979	151299	3589	Diversified Manufact Op	10.75%	-8278	110284	15328	1.6	-31405	28890	US	2.037	35.37	57663	928	56.7207
INB BB Equity	EN Brussels	INBEV NV	15209.07	NA	18.03%	18.034	0.65	1251	22.65%	-812	886	719	4391	NA	8568	-394	Brewery	10.81%	-229	8530	976	1.5	-1917	2137	BE	1.675	26.44	3321	179	6.1102
BA US Equity	New York	BOEING CO	45098.29	-2.07%	20.60%	20.601	1.296	1896	7.14%	-978	1509	1872	12200	788	52457	-1450	Aerospace/Defense	10.85%	-648	11286	3204	2.27	-5735	1993	US	3.094	56.89	5536	0	71.2599
857 HK Equity	Hong Kong	PETROCHINA CO LTD-H	879120.90	28.26%	20.16%	20.155	1.133	100714	28.55%	-81109	40531	69614	70849	2346	388633	11783	Oil Comp-Integrated	10.90%	-29678	356613	11231	0.59	-27855	141245	CN	0.524	5	203065	636	13.9937
PG US Equity	New York	PROCTER & GAMBLE CO	133520.30	12.34%	16.61%	16.607	0.505	9827	30.68%	-2024	1733	6481	20841	629	51407	434	Cosmetics&Toiletries	10.90%	-2539	15752	5469	2.46	-5032	11560	US	2.897	52.75	16504	0	58.3454
HPQ US Equity	New York	HEWLETT-PACKARD CO	58750.79	-5.51%	22.53%	22.525	1.439	5035	16.66%	-2126	2395	3497	7134	247	79905	-1589	Computers	10.92%	-972	37564	12663	1.16	14313	7430	US	1.688	20.38	14530	0	69.5408
MSFT US Equity	NASDAQ N-Mkt	MICROSOFT CORP	267435.90	-0.26%	10.71%	10.711	1.108	9034	33.03%	-1109	1186	8168	0	0	36835	1888	Applications Software	10.92%	-1729	74825	15982	0.76	55597	10220	US	1.408	24.54	21085	0	56.8031
HMB SS Equity	Stockholm	HENNES & MAURITZ AB-B SHS	193643.40	18.79%	14.19%	14.191	0.668	10667.3	33.90%	-1267.9	1232.2	7274.8	0	3.2	53695	224.8	Retail-Apparel/Shoe	10.95%	-4965.2	22209	2484.4	8.791	16530.6	11899.5	SE	11.484	234	20050.7	0	8.1354
LLY US Equity	New York	ELI LILLY & CO	59037.41	-6.52%	19.68%	19.683	1.036	3658.7	38.47%	-1898.1	597.5	1810.1	6512.5	51.6	13857.9	-472.8	Medical-Drugs	10.97%	-1539.8	10919.9	5365.3	1.67	5242.1	4256.2	US	3.215	52.23	6975.3	0	71.1509
CNR CN Equity	Toronto	CANADIAN NATL RAILWAY CO	21583.60	16.98%	19.20%	19.202	0.943	2168	32.15%	-1072	602	1258	5164	294	6548	-91	Transport-Rail	11.00%	-222	9284	147	4.41	-549	2770	CA	5.534	76.34	4380	0	66.3704
MAERSKB DC Equity	Copenhagen	A P MOLLER - MAERSK A/S	238021.70	NA	18.53%	18.525	1.433	21746	34.67%	-19934	17764	17273	42336	NA	157112	-4836	Transport-Marine	11.00%	-879	92188	15548	4197.57	19782	39510	DK	4772.108	54600	137648	119	3.1827
BAX US Equity	New York	BAXTER INTERNATIONAL INC.	20958.39	-14.35%	16.58%	16.582	0.886	1538	10.93%	-789	545	881	4294	99	9509	-299	Medical Products	11.00%	-346	3575	1109	0.62	1587	2161	US	2.071	34.02	2422	0	81.8484
MC FP Equity	EN Paris	LVMH MOET HENNESSY LOUIS VUI	28048.92	8.44%	16.58%	16.581	1.14	2136	33.22%	-579	735	1010	6302	200	12623	-174	Diversified Operations	11.02%	-412	6536	1017	2.149	1588	2871	FR	2.968	57.25	5994	202	5.7377
CRH ID Equity	Dublin	CRH PLC	11590.79	9.55%	16.08%	16.08	0.941	929	25.18%	-401.9	458.2	929	3606.1	141.1	12280.1	-62	Bldg Prod-Cement/Aggreg	11.09%	-122.8	4757.7	1298	1.439	1903.9	1387.2	IE	1.687	20.57	2384	5.9	14.2766
HCA US Equity	New York	HCA INC	21349.97	18.53%	21.96%	21.957	0.532	2466	33.96%	-1513	1250	1246	10530	563	23502	-2242	Medical-Hospitals	11.20%	-199	4407	129	2.62	1509	3716	US	3.209	49.02	21036	168	81.3305
SCMN VX Equity	Virt-x	SWISSCOM AG-REG	29344.60	-2.68%	8.48%	8.48	0.584	2878	15.25%	-1136	1544	1594	2535	153	10057	-72	Telephone-Integrated	11.21%	-861	6681	2387	28.385	3507	4422	CH	33.306	443.25	7216	352	3.4215
ADP US Equity	New York	AUTOMATIC DATA PROCESSING	26151.90	6.93%	15.21%	15.205	1.135	1438.24	37.40%	-204.09	306.77	935.57	76.2	15.99	7754.94	-176.47	Data Processing/Mgmt	11.25%	-308.61	5417.67	713	1.58	993.16	1745.01	US	1.999	44.67	2791.29	0	75.4082
JNJ US Equity	New York	JOHNSON & JOHNSON	199503.30	13.94%	15.24%	15.24	0.61	12863	33.72%	-2175	2124	8509	2845	187	47348	975	Medical Products	11.29%	-3251	31813	9203	2.88	13393	14987	US	3.737	66.99	21063	0	66.3517
UTX US Equity	New York	UNITED TECHNOLOGIES CORP	52943.49	26.43%	15.87%	15.87	0.967	4470	26.42%	-795	978	2788	5591	363	37445	-87	Aerospace/Defense-Equip	11.33%	-883	14008	2265	5.62	2575	5448	US	6.769	102.37	5754	234	82.9078
G US Equity	New York	GILLETTE COMPANY	50012.41	8.19%	25.66%	25.656	0.713	2465	29.07%	-616	610	1691	3386	54	10477	68	Cosmetics&Toiletries	11.33%	-651	2836	219	1.69	-135	3075	US	2.135	50.36	3748	0	76.4131
MMM US Equity	New York	3M CO	66914.98	11.78%	14.32%	14.319	0.827	4578	33.00%	-937	999	2990	2821	69	20011	89	Diversified Manufact Op	11.38%	-1125	10378	2757	3.83	2649	5577	US	4.699	85.97	5475	62	72.3546
LMT US Equity	New York	LOCKHEED MARTIN CORP	26733.16	8.18%	18.25%	18.246	0.629	1968	23.92%	-769	656	1266	5119	425	35526	429	Aerospace/Defense	11.39%	-405	7021	1060	2.86	387	2624	US	3.916	60.23	33558	0	104.5789
ORCL US Equity	NASDAQ N-Mkt	ORACLE CORP	67505.27	18.05%	28.47%	28.468	1.323	3864	32.04%	-189	234	2681	172	21	10156	60	Enterprise Software/Serv	11.44%	0	7995	4138	0.51	7064	4098	US	0.769	13.16	3975	0	45.7947
HON US Equity	New York	HONEYWELL INTERNATIONAL INC	32969.50	NA	18.61%	18.61	1.436	1700	23.61%	-629	650	1281	5273	331	25601	282	Diversified Manufact Op	11.49%	-643	11252	3586	1.49	4081	2350	US	2.371	38.43	3316	10	78.759
WMI US Equity	New York	WASTE MANAGEMENT INC	16389.10	NA	13.60%	13.597	1.008	1685	20.35%	-1258	1336	939	8566	455	12516	-296	Non-hazardous Waste Disp	11.60%	-432	5971	443	1.62	-386	3021	US	1.781	28.95	1267	36	89.1282
DOW US Equity	New York	DOW CHEMICAL	49709.64	NA	20.96%	20.96	1.174	3378	23.10%	-1333	2088	2797	12594	747	40161	-1894	Chemicals-Diversified	11.60%	-1252	12270	3108	2.98	5384	5466	US	5.988	52.32	2539	122	70.6916
MHP US Equity	New York	MCGRAW-HILL COMPANIES INC	17022.73	12.90%	19.04%	19.038	0.847	1174.69	35.29%	-139	392.71	755.82	5.13	5.79	5250.54	-157.88	Multimedia	11.74%	-228.17	2984.51	680.62	3.98	479.17	1567.4	US	4.703	88.98	2029.2	0	78.6816
CAT US Equity	New York	CATERPILLAR INC	33053.28	17.47%	21.57%	21.571	1.146	2733	26.43%	-2114	1397	2035	23525	230	30251	-7550	Machinery-Constr&Mining	11.75%	-534	7467	445	5.95	4646	4130	US	8.452	96.82	4578	0	77.9929
OMC US Equity	New York	OMNICOM GROUP	16271.42	13.51%	15.35%	15.348	1.208	1215.4	33.14%	-159.7	172.1	723.5	2585.1	51.1	9747.2	82.7	Advertising Agencies	11.79%	-163.1	4078.7	1165.6	3.9	-648.8	1387.5	US	4.89	87.45	8531.8	76.1	85.9405
STM FP Equity	EN Paris	STMICROELECTRONICS NV	11663.97	1.03%	22.98%	22.977	1.326	759	10.12%	-2050	1837	601	1958	3	8756	-142	Electronic Compo-Semicon	12.00%	-107	9110	1950	0.67	3115	2596	NL	0.852	12.89	2469	3	6.6055
AZN LN Equity	London	ASTRAZENECA PLC	34641.54	34.85%	30.17%	30.167	1.144	4770	24.66%	-1296	1268	4770	1172	26	21426	-9	Medical-Drugs	12.01%	-1378	14418	1055	2.28	6658	6038	GB	2.746	2120	11821	18	12.6497
NOVN VX Equity	Virt-x	NOVARTIS AG-REG SHS	156218.10	8.76%	13.17%	13.165	0.922	6673	16.30%	-1269	1236	5767	6855	261	28247	132	Medical-Drugs	12.07%	-1968	33783	6083	2.36	13533	7909	CH	3.484	56.25	14949	15	10.4193
BNI US Equity	New York	BURLINGTON NORTHERN SANTA FE	20623.48	-2.75%	22.66%	22.661	0.793	1686	37.86%	-1527	1012	791	6516	409	10946	-23	Transport-Rail	12.10%	-231	9311	322	2.14	-1101	2698	US	3.91	54.55	NA	0	79.9304
MOT US Equity	New York	MOTOROLA INC	36683.71	NA	31.50%	31.495	1.266	3246	32.63%	-494	659	1532	5295	353	31323	69	Wireless Equipment	12.23%	-378	13331	10556	0.93	10509	3905	US	1.032	15.16	7266	0	69.1065
EMR US Equity	New York	EMERSON ELECTRIC CO	27687.94	-0.20%	15.03%	15.025	1.098	2285	32.13%	-400	557	1257	4038	234	15615	322	Electric Products-Misc	12.36%	-675	7238	1346	3	2077	2842	US	3.905	66.37	3281	0	74.9144
RIO AU Equity	ASX	RIO TINTO LIMITED	23755.90	13.89%	20.99%	20.99	1.188	2391.01	23.39%	-2948.23	1640.33	2346.05	5311.54	203	15455.04	-80.38	Metal-Diversified	12.40%	-1234.33	16133.34	500	2.779	2125.64	4031.34	AU	3.986	47.54	13280.65	-79.02	4.3474
TEM SM Equity	Continuous	TELEFONICA MOVILES SA	41313.46	NA	18.91%	18.909	0.841	2995.2	35.78%	-996.84	1705.7	1633.9	11142.1	318.66	11827.6	566.29	Cellular Telecom	12.43%	NA	4719.9	341.3	0.377	-1348.7	4700.9	ES	0.596	9.54	8832.4	-21.7	0.4601
7203 JP Equity	Tokyo	TOYOTA MOTOR CORP	14476090.00	29.48%	15.61%	15.613	0.991	1666894	36.12%	-1488541	969904	1162098	7561485	20706	17294760	111079	Auto-Cars/Light Trucks	12.57%	-137678	8178567	1729776	342.9	1250462	2636798	JP	384.632	4010	1757356	42686	8.0107
COST US Equity	NASDAQ N-Mkt	COSTCO WHOLESALE CORP	20615.19	10.41%	20.02%	20.023	0.927	1386.65	37.54%	-705.62	440.72	882.39	1320.93	36.65	48106.99	695.58	Retail-Discount	12.61%	-92.14	7624.85	2823.14	1.92	1098.55	1827.37	US	2.391	44.15	4628.33	-20.09	84.7123
TWX US Equity	New York	TIME WARNER INC	84702.13	NA	16.53%	16.525	0.846	6714	32.95%	-3024	6132	3364	23875	1533	42089	-3807	Multimedia	12.82%	0	60771	6139	0.7	15	12846	US	0.898	18.6	10926	246	77.0648
CD US Equity	New York	CENDANT CORP	21951.88	NA	18.04%	18.041	1.137	2811	28.50%	-469	2652	2082	14217	298	19785	-92	Divers Oper/Commer Serv	12.83%	-333	12695	591	1.77	-2467	5463	US	1.667	20.95	6636	6	82.1157
8264 JP Equity	Tokyo	ITO-YOKADO CO LTD	1787925.00	-4.71%	22.40%	22.404	1.504	207783	43.01%	-126732	94984	53632	267826	11614	3161316	-11354	Retail-Misc/Diversified	13.00%	-14163	1138210	567389	128.25	333995	302767	JP	164.964	4270	1093452	47689	10.5233
TOC CN Equity	Toronto	THOMSON CORP	26861.29	14.70%	14.72%	14.718	0.668	1341	23.63%	-619	939	1011	4315	245	8098	-157	Multimedia	13.00%	-487	9852	405	1.31	-191	2280	CA	1.565	41.23	6757	0	19.2456
005490 KS Equity	Korea SE	POSCO	18178460.00	19.25%	30.17%	30.167	1.032	3262981	26.58%	-1298848	1567331	1995983	4705030	250319.5	17789240	-525520.6	Steel-Producers	13.07%	-325960.7	12956270	592601.6	24496	3449680	4830312	KR	39817.934	208500	1075470	21017.16	11.4657
883 HK Equity	Hong Kong	CNOOC LTD	184746.00	40.03%	27.42%	27.415	0.979	15682.72	28.63%	-12372.46	4642.75	16163.33	9051.86	261.69	40950.27	275.3	Oil Comp-Explor&Prodtn	13.08%	-5403.69	46736.53	14400.39	0.28	19956.33	20325.47	HK	0.449	4.5	25267.55	0	6.0231
HD US Equity	New York	HOME DEPOT INC	85378.72	17.12%	17.98%	17.984	1.119	7926	36.79%	-3508	1319	5001	2148	70	73094	374	Retail-Building Products	13.08%	-595	24158	2165	2.27	3661	9245	US	2.898	38.91	16504	0	65.564
TEF SM Equity	Continuous	TELEFONICA S.A.	67102.77	3.42%	14.07%	14.073	1.169	6802.6	25.90%	-2973.3	6412.8	2877.3	24561.3	1946.5	30321.9	-1461.3	Telephone-Integrated	13.09%	NA	16225.1	855	0.581	-7911.1	13215.4	ES	0.968	13.54	23519.3	381	11.7468
9501 JP Equity	Tokyo	TOKYO ELECTRIC POWER CO INC	3510693.00	8.95%	10.25%	10.251	0.392	489004	41.91%	-659864	910125	149550	8407969	170443	4853826	NA	Electric-Integrated	13.13%	-80937	2360475	86335	110.53	-1372972	1399129	JP	184.421	2595	4364822	-1229	4.1485
ITX SM Equity	Continuous	INDITEX	14187.00	23.56%	15.56%	15.564	0.637	619.41	25.95%	-471.7	230.53	446.45	238.06	15.23	4598.91	3.9	Retail-Apparel/Shoe	13.20%	-89.3	2105.86	316.02	0.716	228.24	849.94	ES	1.171	22.76	3982.1	2.18	7.3035
GUS LN Equity	London	GUS PLC	9052.21	9.14%	16.72%	16.72	1.05	624	26.85%	-323	483	624	1826	72	7279	-371	Retail-Catalog Shopping	13.22%	-244	2847	524	0.497	303	1107	GB	53.418	905	2382	27	10.7877
CAH US Equity	New York	CARDINAL HEALTH INC	24307.93	24.93%	22.07%	22.07	1.068	2394.7	31.88%	-410.2	299.2	1474.5	3695.3	98.9	65053.5	800.8	Medical-Whsle Drug Dist	13.23%	-52.3	7976.3	1096	3.51	3688.5	2693.9	US	3.898	56.01	2346.5	0	85.4349
8058 JP Equity	Tokyo	MITSUBISHI CORP	2318156.00	35.50%	20.22%	20.219	1.041	130523	34.21%	-159022	119638	115370	4054532	40015	3491124	-7787	Import/Export	13.24%	-12531	1223631	475670	73.69	823803	250161	JP	144.476	1479	638858	15710	10.8954
OOM LN Equity	London	O2 PLC	10707.49	NA	22.01%	22.006	1.007	239	-70.30%	-1035	1136	234	1382	79	5646	37	Cellular Telecom	13.35%	0	10091	23	0.02	362	1375	GB	4.897	123.5	2116	0	11.3653
ACN US Equity	New York	ACCENTURE LTD-CL A	22321.96	NA	21.52%	21.515	0.978	1787.52	32.00%	-281.99	257.08	690.83	33.88	22.04	15113.58	399.85	Consulting Services	13.36%	0	1471.81	2552.96	1.25	1683.4	2044.6	BM	1.572	23.95	2828.8	532.2	67.2282
ITW US Equity	New York	ILLINOIS TOOL WORKS	27212.13	9.61%	14.18%	14.175	1.058	2056.61	33.00%	-282.56	353.28	1338.69	1124.62	69.23	11731.42	-208.99	Diversified Manufact Op	13.44%	-304.58	7627.61	667.39	4.43	2471.23	2409.9	US	5.763	93.12	2083.57	0	81.4242
CSCO US Equity	NASDAQ N-Mkt	CISCO SYSTEMS INC	116157.20	19.46%	24.80%	24.8	1.438	6295	28.95%	-613	1443	4401	0	0	22045	-451	Networking Products	13.49%	0	25826	3722	0.73	5640	7738	US	1.015	18.03	8831	0	62.4419
AVP US Equity	New York	AVON PRODUCTS INC	18945.78	24.85%	23.58%	23.583	0.492	1134.2	27.84%	-250.1	133.7	846.1	918	33.8	7656.2	-265.7	Cosmetics&Toiletries	13.56%	-269.7	950.2	769.6	1.79	980.9	1267.9	US	2.253	40.94	3610.3	10.8	87.2785
FDC US Equity	New York	FIRST DATA CORP	32709.05	9.97%	15.82%	15.816	1.101	2430.2	25.39%	-177.4	738.2	1875.2	4606.3	136.8	10013.2	-80.8	Data Processing/Mgmt	13.58%	-65.6	8886.1	895.4	2.26	-760.9	3168.4	US	2.68	40.91	1635.5	114.6	88.9954
NKE US Equity	New York	NIKE INC -CL B	22759.62	17.69%	18.87%	18.866	1.001	1549.7	34.79%	-213.9	310.4	945.6	835	25	12253.1	192.2	Athletic Footwear	13.64%	-179.2	4781.7	828	3.59	3503	1860.1	US	4.947	86.83	3702	0	87.7029
RTN US Equity	New York	RAYTHEON COMPANY	17367.17	-7.67%	16.74%	16.735	0.9	1388	24.18%	-466	434	417	5153	418	20245	514	Aerospace/Defense	13.66%	-349	10551	556	1	1480	1822	US	2.366	38.58	1924	0	77.1807
GDT US Equity	New York	GUIDANT CORP	23923.96	9.86%	16.04%	16.042	0.707	1056.3	34.72%	-212.8	172.9	524	659.2	25.5	3765.6	130.3	Medical Instruments	13.67%	-125.3	3742.1	1894.2	1.84	2679.2	1229.2	US	3.027	74.05	1787.7	0	83.8385
UPS US Equity	New York	UNITED PARCEL SERVICE-CL B	81434.68	30.15%	18.85%	18.85	0.845	4989	32.28%	-2127	1543	3333	4448	149	36582	-1113	Transport-Services	13.71%	-1208	16384	739	2.95	6122	6532	US	3.771	74.53	31593	0	67.0907
CCL US Equity	New York	CARNIVAL CORP	35132.01	6.58%	17.64%	17.641	1.263	2173	2.47%	-3586	812	1854	7953	284	9727	513	Cruise Lines	13.75%	-400	15760	643	2.31	-3306	2985	PA	3.244	55.4	3310	0	72.7017
6902 JP Equity	Tokyo	DENSO CORP	2347203.00	14.71%	19.41%	19.41	0.926	188659	36.80%	-196443	151594	110027	176147	3448	2562411	-55252	Auto/Trk Prts&Equip-Orig	13.76%	-17711	1509489	167318	130.02	409179	340253	JP	183.883	2655	245148	7454	6.8179
L CN Equity	Toronto	LOBLAW COMPANIES LTD	20146.84	20.84%	18.73%	18.73	0.777	1652	31.49%	-1258	473	968	4652	269	26209	-99	Food-Retail	13.77%	-209	5414	549	3.53	238	2125	CA	4.582	73.27	24557	0	12.588
DIS US Equity	New York	THE WALT DISNEY CO.	57306.12	12.59%	16.97%	16.969	1.13	4048	32.01%	-1427	1210	2345	13488	629	30752	-51	Multimedia	13.78%	-430	26081	2042	1.14	-1690	5258	US	1.473	28.37	12	197	69.589
SYY US Equity	New York	SYSCO CORP	20852.33	20.94%	16.92%	16.922	0.808	1532.66	38.50%	-530.09	283.6	907.21	1468.16	69.88	29335.4	-611.58	Food-Wholesale/Distrib	13.86%	-309.54	2564.51	199.71	1.41	724.78	1816.26	US	1.71	32.84	4141.23	0	68.5674
GPS US Equity	New York	GAP INC/THE	18841.11	-0.61%	20.41%	20.413	1.086	2070	38.56%	-441	606	1141	1886	167	16267	-154	Retail-Apparel/Shoe	13.89%	-79	5063	2245	1.28	4103	2676	US	1.621	21.67	4297	0	62.8883
NSC US Equity	New York	NORFOLK SOUTHERN CORP	15772.03	30.01%	24.32%	24.316	0.924	1702	29.11%	-1041	609	923	7603	489	7312	25	Transport-Rail	13.90%	-142	7990	579	2.34	-234	2311	US	2.851	37.35	371	0	67.1796
728 HK Equity	Hong Kong	CHINA TELECOM CORP LTD-H	220540.70	NA	27.95%	27.946	1.442	32448	19.34%	-41825	32921	30675	96234	1713	118451	-4244	Telecom Services	13.95%	-673	131272	10119	0.33	-71162	65369	CN	0.354	2.725	86003	56	22.0812
ADBE US Equity	NASDAQ N-Mkt	ADOBE SYSTEMS INC	16249.69	14.04%	25.61%	25.606	1.11	591.79	26.00%	-63.23	60.81	450.4	0	0	1666.58	30.28	Electronic Forms	13.96%	-11.94	1423.48	376.13	1.89	1099.62	652.6	US	2.225	63.89	970.41	0	84.8873
AAL LN Equity	London	ANGLO AMERICAN PLC	19125.66	15.04%	20.33%	20.33	1.518	3061	27.56%	-3129	2123	3061	10782	704	24930	-592	Diversified Minerals	14.00%	-818	24998	2086	2.03	1577	5184	GB	1.948	1290	21869	449	9.8583
386 HK Equity	Hong Kong	CHINA PETROLEUM & CHEMICAL-H	331141.90	NA	26.97%	26.973	1.401	39967	30.94%	-44057	26735	34081	132258	3728	424318	5314	Oil Comp-Integrated	14.03%	-7803	167899	15221	0.25	-22677	66702	CN	0.443	3.4	402771	1943	19.4554
WMT US Equity	New York	WAL-MART STORES INC	220721.30	14.03%	14.32%	14.324	0.785	14124	34.70%	-12893	4630	10267	31450	1187	285222	-326	Retail-Discount	14.18%	-2214	49217	5488	2.41	-4795	18754	US	3.101	52.33	51305	249	37.5001
ONGC IN Equity	Mumbai	OIL & NATURAL GAS CORP LTD	1299168.00	27.77%	19.34%	19.337	1.098	131797.2	36.18%	-58244.5	45374.98	149051.4	62706.67	3778.4	425447.8	2068.32	Oil Comp-Explor&Prodtn	14.18%	-43435.42	413417.3	5774.28	65.783	105408.7	177172.2	IN	98.467	911.1	293650.5	1234.48	3.9043
FOX US Equity	New York	FOX ENTERTAINMENT GRP INC-A	35860.09	34.27%	24.09%	24.09	1.118	2298	37.96%	-128	304	1353	659	166	12175	-559	Broadcast Serv/Program	14.21%	0	17967	122	1.44	1936	2602	US	1.806	35.96	1481	0	39.6141
DHR US Equity	New York	DANAHER CORP	16817.39	21.24%	15.41%	15.411	1.02	1096.99	29.47%	-115.91	156.13	746	1350.3	54.98	6889.3	131.09	Diversified Manufact Op	14.27%	-17.73	4619.68	609.12	2.41	716.4	1253.12	US	3.027	53.95	1795.67	0	72.768
FDX US Equity	New York	FEDEX CORP	28836.09	5.62%	17.22%	17.219	0.938	1875	36.47%	-1271	1375	838	3587	136	24710	666	Transport-Services	14.33%	-66	8036	1046	2.8	238	3250	US	5.413	96.84	4926	0	75.8653
MON US Equity	New York	MONSANTO CO	15968.44	12.17%	29.34%	29.341	1.03	837	32.59%	-210	452	267	1508	91	5457	338	Agricultural Operations	14.60%	-141	5258	1037	1.03	3037	1289	US	2.374	60.91	1765	0	87.1631
TYC US Equity	New York	TYCO INTERNATIONAL LTD	69616.77	18.20%	19.29%	19.288	1.246	5781	27.41%	-1015	2176	2879	16733	963	40153	-872	Diversified Manufact Op	14.70%	-100	30292	4467	1.5	7393	7957	BM	2.303	34.69	8721	14	86.8885
CVS US Equity	New York	CVS CORP	21335.23	7.38%	19.88%	19.882	0.849	1454.7	34.20%	-1347.7	496.8	918.8	2842.1	64	30594.3	-557.3	Retail-Drug Store	14.73%	-119.8	6758.8	392.3	2.27	3060.7	1951.5	US	3.076	52.99	6576.5	0	86.8326
5401 JP Equity	Tokyo	NIPPON STEEL CORP	1933183.00	NA	19.57%	19.569	1.045	224475	36.12%	-155729	183510	41515	1560155	23798	2925878	-5694	Steel-Producers	15.00%	-9991	938581	80859	6.16	-147435	407985	JP	34.524	284	258215	5531	6.6654
INTC US Equity	NASDAQ N-Mkt	INTEL CORP	146459.00	1.24%	25.30%	25.298	1.462	10130	27.85%	-3843	4889	7516	904	50	34209	484	Electronic Compo-Semicon	15.01%	-1022	38579	8407	1.17	16052	15019	US	1.454	23.41	9616	0	58.0562
NWS/A US Equity	New York	NEWS CORP-CL A	53383.56	NA	20.04%	20.035	1.215	2931	36.81%	-361	565	1533	10164	NA	20802	183	Multimedia	15.08%	-202	20875	4051	0.557	3941	3496	US	0.834	17.67	17871	208	50.5363
AET US Equity	New York	AETNA INC	21783.04	NA	21.58%	21.581	1.019	876.1	36.01%	-190.3	182.2	2245.1	1609.7	104.7	18731.6	-309.4	Medical-HMO	15.08%	-5.9	9081.4	1396	4.015	12504.9	1058.3	US	5.156	75.37	4026.3	0	92.8246
TXU US Equity	New York	TXU CORP	23383.39	-40.20%	24.83%	24.832	0.563	1814	34.15%	-999	825	485	12836	695	9308	-460	Electric-Integrated	15.13%	-172	303	87	0.27	-901	2639	US	6.556	79.9	3647	0	66.5878
TGT US Equity	New York	TARGET CORP	45675.67	9.63%	19.44%	19.444	0.934	3601	37.81%	-3068	1259	3198	9538	570	46839	-752	Retail-Discount	15.23%	-272	13029	2245	2.09	5702	4860	US	2.947	51.43	11793	0	87.8671
6753 JP Equity	Tokyo	SHARP CORP	1798223.00	68.22%	16.05%	16.046	0.969	121670	40.61%	-183155	151408	60715	415533	5844	2257273	25507	Electric Products-Misc	15.30%	-17422	943532	367936	55.37	198120	273078	JP	78.589	1619	422485	291	8.4003
WLP US Equity	New York	WELLPOINT INC	36854.45	NA	29.77%	29.765	0.937	1500.4	33.48%	-136.8	279.1	960.1	4276.7	142.3	20460.9	63	Medical-HMO	15.31%	0	19415.5	1457.2	6.1	7743.4	1779.5	US	9.152	120.51	18960.5	0	77.1606
MDT US Equity	New York	MEDTRONIC INC	64165.09	32.12%	21.85%	21.846	0.507	3181.4	29.95%	-424.6	442.6	1959.3	2359.3	56.5	9087.2	184.8	Medical Instruments	15.36%	-351.5	9077	1593.7	1.61	1072.1	3624	US	2.176	53.37	3652.9	0	72.8977
WAG US Equity	New York	WALGREEN CO	45900.84	16.49%	19.72%	19.72	0.808	2142.7	37.50%	-939.5	403.1	1360.2	0	0	37508.2	-306.2	Retail-Drug Store	15.59%	-176.9	8228	1695.5	1.33	3686.5	2545.8	US	1.752	44.18	8055.1	0	62.9105
BBY US Equity	New York	BEST BUY CO INC	16889.30	27.84%	26.33%	26.331	1.556	1304	38.27%	-545	385	705	850	32	24547	-19	Retail-Consumer Electron	15.78%	-130	3422	2600	2.47	1223	1689	US	3.312	51.43	4893	0	72.4443
9503 JP Equity	Tokyo	KANSAI ELECTRIC POWER CO INC	2050548.00	12.06%	10.13%	10.134	0.45	349492	46.03%	-313005	500763	90111	3886396	102973	2540156	NA	Electric-Integrated	15.91%	-47299	1637248	86314	94.77	-818256	850255	JP	139.763	2130	1794515	716	3.5546
PHIA NA Equity	EN Amsterdam	PHILIPS ELECTRONICS NV	26937.70	NA	18.92%	18.92	1.369	1508	11.03%	-1286	2293	2836	4513	306	30319	354	Electronic Compo-Misc	15.92%	-460	14860	4349	2.22	4148	3801	NL	1.7	21.02	8656	51	16.4259
DCX GR Equity	Xetra	DAIMLERCHRYSLER AG-REG	34142.30	NA	13.71%	13.71	0.999	4535	33.30%	-24578	11262	2466	76620	790	142059	-613	Auto-Cars/Light Trucks	15.93%	-1547	33541	7381	2.435	-9245	15797	DE	3.473	33.78	23630	-108	22.9064
HDI US Equity	New York	HARLEY-DAVIDSON INC	17725.65	27.97%	15.44%	15.439	0.89	1172.89	35.50%	-213.55	214.11	889.77	1295.44	NA	5015.19	-24.87	Motorcycle/Motor Scooter	16.17%	-119.23	3218.47	275.16	3.02	2093.58	1387	US	3.794	60.15	726.64	0	74.4815
AMAT US Equity	NASDAQ N-Mkt	APPLIED MATERIALS INC	26751.89	11.46%	29.26%	29.258	1.57	1957.75	26.13%	-190.58	356.99	1351.3	456.3	52.88	8013.05	-360.88	Semiconductor Equipment	16.50%	0	9262.03	2281.84	0.8	7993.54	2314.74	US	0.981	16.17	1743.49	0	70.4165
RIL IN Equity	Mumbai	RELIANCE INDUSTRIES LIMITED	798239.50	15.41%	24.93%	24.926	1.133	63775.1	18.45%	-43603.8	33351.8	63100.7	210631.1	14396.7	512225.4	19264.5	Petrochemicals	16.94%	-7315.1	350175.5	2093.9	36.852	12029.8	97126.9	IN	56.248	571.65	448450.3	0	10.1573
8031 JP Equity	Tokyo	MITSUI & CO LTD	1647035.00	20.22%	22.81%	22.81	1.205	103358	35.28%	-113197	66130	68387	3545642	37843	2980342	-91890	Import/Export	17.00%	-12653	963278	638299	47.245	900689	169488	JP	100.116	1040	506563	7470	11.2675
7751 JP Equity	Tokyo	CANON INC	4928626.00	36.90%	17.28%	17.278	0.882	543793	35.14%	-256714	192692	343344	38530	2756	3467853	2113	Office Automation&Equip	17.00%	-52950	2209896	887774	387.8	1248987	736485	JP	417.472	5550	1169550	14758	14.8474
SLB US Equity	New York	SCHLUMBERGER LTD	42285.50	23.45%	23.13%	23.134	0.817	1586.08	20.86%	-1215.85	1307.93	1223.87	4660.05	272.45	11480.17	-991.68	Oil-Field Services	17.10%	-441.22	6116.74	223.5	1.72	2358.55	2894.01	AN	3.133	71.58	852.11	36.44	77.6703
LOW US Equity	New York	LOWE'S COS INC	43946.89	26.05%	16.09%	16.094	1.112	3712	38.46%	-2927	920	2176	3690	176	36464	-296	Retail-Building Products	17.17%	-116	11535	642	2.8	1255	4632	US	3.874	57.18	8587	0	82.7956
ERTS US Equity	NASDAQ N-Mkt	ELECTRONIC ARTS INC	20429.42	45.41%	33.35%	33.346	1.152	785.3	27.53%	-89.59	77.51	577.29	0	0	2957.14	-67.17	Entertainment Software	17.24%	-2.59	2678.36	2149.89	1.95	2188.55	862.82	US	2.025	66.86	1068.89	0	104.7454
BSX US Equity	New York	BOSTON SCIENTIFIC CORP	25187.88	21.94%	24.58%	24.578	1.409	1914	28.92%	-188	196	472	2367	64	5624	-4	Medical Instruments	17.30%	0	4025	1640	1.24	684	945	US	2.246	30.26	2418	0	59.088
ACL US Equity	New York	ALCON INC	27593.94	NA	23.86%	23.864	0.526	1131.8	22.55%	-157.9	177.8	595.4	988	26.9	3913.6	134.8	Optical Supplies	17.36%	0	2187.9	1093.4	2.85	766.7	1049	CH	3.675	89.95	1700.2	0	24.096
BAS GR Equity	Xetra	BASF AG	29578.79	11.52%	14.97%	14.965	0.935	5020.9	49.90%	-1933.8	3097.3	1883	3509	347.5	37536.6	-1186.6	Chemicals-Diversified	17.37%	-774.1	15433.2	2085.9	3.432	5372.4	8118.2	DE	4.615	55.03	7250.8	130.6	14.8002
BSY LN Equity	London	BRITISH SKY BROADCASTING PLC	10655.76	NA	16.30%	16.296	0.932	482	32.92%	-132	221	481	1076	90	3656	182	Television	17.53%	-53	90	474	0.166	222	703	GB	28.365	563.5	3174	0	19.5156
UNH US Equity	New York	UNITEDHEALTH GROUP INC	58746.66	38.34%	19.63%	19.631	0.813	3713	34.89%	-350	374	2587	4023	128	36830	1049	Medical-HMO	17.63%	-18	10717	3991	4.13	-3088	4087	US	5.596	91.1	6117	0	92.8459
TXN US Equity	New York	TEXAS INSTRUMENTS INC	43497.56	NA	32.09%	32.087	1.824	2207	23.13%	-1298	1549	1861	379	21	12580	-153	Electronic Compo-Semicon	17.92%	-154	13063	2668	1.08	8265	3756	US	1.323	25.64	3419	0	71.1667
SAB LN Equity	London	SABMILLER PLC	9113.83	9.14%	16.19%	16.19	0.689	1541	41.62%	-576	803	1538	3707	224	9343	107	Brewery	18.00%	-309	6165	651	0.541	-467	2344	GB	0.829	849	7889	167	7.3392
AGL SJ Equity	Johannesburg	ANGLO AMERICAN PLC	219589.30	15.04%	22.63%	22.628	1.458	3061	27.56%	-3129	2123	3061	10782	704	24930	-592	Diversified Minerals	18.00%	-818	24998	2086	2.03	1577	5184	GB	13.414	14811	21869	449	9.8583
PTT/F TB Equity	Bangkok	PTT PCL/FOREIGN	581827.20	NA		NA	NA	63117.66	21.40%	-39667.26	14246.23	62666.47	214222.1	8465.02	644673.1	2692.48	Oil Comp-Integrated	18.35%	-12911.65	164374.2	46791.84	22.403	56669.6	77363.89	TH	22.712	208	19073.99	5941.16	2.9937
CMCSA US Equity	NASDAQ N-Mkt	COMCAST CORP-CL A	74136.55	NA	17.91%	17.905	0.871	2908	45.64%	-3660	4623	970	23592	1876	20307	-331	Cable TV	18.39%	0	41422	452	0.43	-5100	7531	US	0.955	33.49	9937	14	66.4409
AMGN US Equity	NASDAQ N-Mkt	AMGEN INC	74023.06	11.69%	18.67%	18.667	0.935	4277	30.40%	-1336	734	2363	5110	38	10550	-375	Medical-Biomedical/Gene	18.45%	0	19705	1526	1.86	5013	5011	US	3.275	58.95	4544	0	71.796
IACI US Equity	NASDAQ N-Mkt	IAC/INTERACTIVECORP	15577.96	NA	30.76%	30.763	1.8	418.83	47.32%	-223.79	786.73	164.86	1361.99	87.39	6192.68	156.85	E-Commerce/Services	18.50%	-13.05	14605.17	1157.46	0.25	2239.04	1205.56	US	1.205	22.37	2949.9	13.73	88.3834
KSS US Equity	New York	KOHLS CORP	17665.75	21.75%	26.37%	26.373	0.866	1236.7	37.80%	-889.6	288.89	730.38	1106.9	75.24	11700.6	-301.41	Retail-Regnl Dept Store	18.58%	0	4966.73	116.72	2.14	2187.38	1525.59	US	2.908	52.11	2876.9	0	86.0413
9433 JP Equity	Tokyo	KDDI CORP	2294381.00	29.90%	17.83%	17.828	0.821	292104	36.00%	-197594	369354	117025	1177193	27762	2846097	-39136	Telephone-Integrated	18.63%	-10113	1009390	149103	27747.54	47227	661458	JP	43317.543	541000	2553993	5925	15.0772
DELL US Equity	NASDAQ N-Mkt	DELL INC	94401.16	12.89%	21.12%	21.121	0.946	4254	31.54%	-525	334	3043	505	16	49205	2166	Computers	19.42%	0	6485	4747	1.21	2761	4588	US	1.882	38.2	4761	0	67.7854
SYK US Equity	New York	STRYKER CORP	19307.12	87.54%	23.53%	23.527	0.814	841.2	35.05%	-187.8	250.9	465.7	10	6.8	4262.3	-220.8	Medical Products	19.48%	-28	2752	349.4	1.16	1029.1	1092.1	US	2.088	47.5	1911	0	47.1208
ZMH US Equity	New York	ZIMMER HOLDINGS INC	20080.63	NA	27.19%	27.186	0.923	903.7	25.92%	-240.4	181.3	541.8	651.5	31.7	2980.9	79.7	Medical Products	19.74%	0	3942.5	154.6	2.22	859.9	1085	US	3.545	80.23	1356.7	0.1	78.8336
WALMEXV MM Equity	Mexico	WALMART DE MEXICO-SER V	175375.10	12.12%	14.85%	14.846	0.879	9532.73	24.30%	-6062.61	2616.72	7831.3	0	0	140460	-853.26	Retail-Hypermarkets	20.00%	-475.73	46947.52	11846.25	1.785	6314.82	12149.45	MX	2.428	40.22	20002.9	0	10.6174
ST10 SP Equity	Singapore	SINGAPORE TELECOM LTD 10	44586.34	14.51%	17.71%	17.712	0.89	2171.7	17.40%	-1300.2	2440.9	5589.8	9892.4	476.4	11994.7	-14.2	Telecom Services	20.10%	-764.8	19752.2	3161.9	0.252	2722.9	4612.6	SG	0.191	2.68	8298.4	132.1	NA
ST100 SP Equity	Singapore	SINGAPORE TELECOM LTD 100	44586.34	14.51%	17.02%	17.017	0.895	2171.7	17.40%	-1300.2	2440.9	5589.8	9892.4	476.4	11994.7	-14.2	Telecom Services	20.10%	-764.8	19752.2	3161.9	0.252	2722.9	4612.6	SG	0.191	2.68	8298.4	132.1	NA
ST SP Equity	Singapore	SINGAPORE TELECOMMUNICATIONS	44920.18	14.51%	18.67%	18.671	0.852	2171.7	17.40%	-1300.2	2440.9	5589.8	9892.4	476.4	11994.7	-14.2	Telecom Services	20.10%	-764.8	19752.2	3161.9	0.252	2722.9	4612.6	SG	0.191	2.7	8298.4	132.1	3.7629
QCOM US Equity	NASDAQ N-Mkt	QUALCOMM INC	59807.92	44.69%	31.72%	31.717	1.121	2129	25.42%	-332	163	1720	0	2	4880	150	Wireless Equipment	20.29%	-308	9664	1214	1.07	6333	2292	US	1.456	36.88	1267	0	70.3787
CMX US Equity	New York	CAREMARK RX INC	17466.07	38.16%	23.24%	23.236	0.988	1053.88	39.83%	-80.5	123.82	600.31	598.61	43.84	25801.12	480.01	Pharmacy Services	21.25%	0	7539.72	1078.8	1.46	455.49	1177.7	US	2.269	38	554.81	0	90.9068
SBUX US Equity	NASDAQ N-Mkt	STARBUCKS CORP	20768.99	28.73%	28.13%	28.134	0.845	549.46	37.24%	-386.18	304.82	391.77	4.35	0	5294.25	61.55	Retail-Restaurants	21.69%	0	2486.76	299.13	0.99	585.5	854.28	US	1.43	52.14	2546.13	0	73.0911
TEL NO Equity	Oslo	TELENOR ASA	103270.60	15.42%	24.83%	24.834	0.952	8722	28.08%	-6536	11623	5228	24593	1978	60752	1218	Telecom Services	21.97%	-1764	37463	5398	2.978	-5178	20345	NO	4.397	59	52030	1134	11.2309
DTE GR Equity	Xetra	DEUTSCHE TELEKOM AG-REG	64563.00	NA	15.02%	15.018	0.747	6386	24.58%	-5340	12048	4634	42660	3613	57880	537	Telephone-Integrated	22.37%	0	33911	8023	1.1	-11842	18434	DE	0.964	15.36	21302	299	9.3396
AMBV3 BZ Equity	Sao Paulo	CIA DE BEBIDAS DAS AMERICAS	55309.30	NA	19.27%	19.272	0.521	2781.57	30.51%	-1273.74	922.23	1161.53	7810.72	646.53	12006.81	-270.49	Brewery	22.67%	-602.91	16995.97	1290.95	25.103	-3391.99	3703.8	BR	55.459	1290	4952.34	3.77	0.059
EMC US Equity	New York	EMC CORP/MASS	29780.29	NA	28.57%	28.567	1.589	1100.04	26.48%	-371.45	676.07	871.19	128.64	7.52	8229.49	236.46	Computers-Memory Devices	23.08%	0	11523.29	1476.8	0.36	1882.23	1776.12	US	0.617	12.4	3114.56	0	68.1153
EAD FP Equity	EN Paris	EUROPEAN AERONAUTIC DEFENCE	17876.64	NA	24.27%	24.27	1.598	2143	35.00%	-3017	1621	1030	5126	NA	31761	2155	Aerospace/Defense-Equip	24.10%	-320	16973	8718	1.29	6039	3764	NL	1.781	22.08	4108	203	6.6349
AAPL US Equity	NASDAQ N-Mkt	APPLE COMPUTER INC	35316.44	-18.83%	42.88%	42.875	1.045	349	27.94%	-176	150	276	0	3	8279	68	Computers	24.30%	0	5076	2969	0.37	4375	499	US	1.258	42.25	1910	0	72.2372
4689 JP Equity	Tokyo	YAHOO! JAPAN CORP	3850440.00	NA	25.59%	25.593	1.071	41211	39.40%	-5505	3153	24826	0	2	75776	-4464	Web Portals/ISP	25.07%	0	59806	39643	3276.05	36163	44364	JP	6133.834	510000	29272	50	3.1546
6758 JP Equity	Tokyo	SONY CORP	3946845.00	-14.77%	17.69%	17.689	1.113	98902	36.20%	-427344	366269	88511	1252666	27849	7496391	-84002	Audio/Video Products	25.10%	-23106	2378002	849211	98.26	381140	465171	JP	129.599	4260	2339284	2379	10.1872
RIO LN Equity	London	RIO TINTO PLC	19350.17	14.00%	22.27%	22.266	1.314	1243.93	23.39%	-1180.64	656.88	939.49	2162.54	81.29	6189.1	-32.19	Metal-Diversified	25.42%	-494.3	6568.53	203.57	1.113	429.06	1918.82	GB	2.921	1818	5013.91	-31.64	14.6639
EX FP Equity	EN Paris	VIVENDI UNIVERSAL SA	25339.45	NA	17.00%	17.002	1.05	2807	18.32%	-1540	2587	754	6293	455	21428	690	Multimedia	26.67%	0	13621	3158	0.703	-3296	5394	FR	1.111	23.63	18621	1030	17.8755
DNA US Equity	New York	GENENTECH INC	55035.37	NA	48.30%	48.299	0.926	1319.39	35.64%	-649.86	353.22	784.82	412.25	7.4	4621.16	-223.6	Medical-Biomedical/Gene	27.24%	0	6782.19	270.12	0.74	2179.49	1672.61	US	1.443	52.89	2629.24	0	41.8227
2330 TT Equity	Taipei	TAIWAN SEMICONDUCTOR MANUFAC	1183521.00	27.88%	26.58%	26.575	1.024	51300.58	7.67%	-37870.91	69161.32	47258.7	47508.87	1891.01	202996.8	-6595.68	Semicon Compo-Intg Circu	30.00%	-455	329214.4	102988.9	3.97	135394.2	120461.9	TW	4.434	50.9	23582.9	-3.01	NA
AMXL MM Equity	Mexico	AMERICA MOVIL SA DE CV-SER L	367726.40	28.84%	26.19%	26.19	1.344	23493.66	33.59%	-17545.66	18595.1	16513.32	61459.84	5803.88	134746.8	-831.69	Cellular Telecom	30.00%	-1280.14	75908.47	19108.18	1.312	6476.31	42088.76	MX	2.665	30.33	27242.08	353.4	2.6915
YHOO US Equity	NASDAQ N-Mkt	YAHOO! INC	43654.40	68.98%	27.99%	27.993	1.454	688.58	34.22%	-245.5	311.04	839.55	750	NA	3574.52	-15.52	Web Portals/ISP	30.57%	0	7101.45	823.72	0.62	2909.77	999.62	US	0.68	31.61	1587.38	2.5	76.0106
EBAY US Equity	NASDAQ N-Mkt	EBAY INC	48359.23	126.03%	47.42%	47.423	1.279	1059.24	30.48%	-292.84	259.52	778.22	124.35	8.88	3271.31	-190.28	E-Commerce/Services	31.30%	0	6728.34	1330.05	0.59	1826.28	1318.76	US	1.008	36.12	1597.65	6.12	68.4126
GOOG US Equity	NASDAQ N-Mkt	GOOGLE INC-CL A	49093.06	NA	41.69%	41.69	NA	841.19	38.62%	-319	148.47	399.12	1.9	NA	3189.22	-253.21	Web Portals/ISP	34.08%	0	2929.06	426.87	2.07	2353.1	989.66	US	5.106	179.29	890.38	0	61.2302
7974 JP Equity	Osaka	NINTENDO CO LTD	1624943.00	-16.43%	21.44%	21.44	0.753	107683	37.18%	-1909	3328	33194	0	0	514805	53127	Toys	35.00%	-18745	890247	767270	246.93	777515	111011	JP	600.768	11470	99889	79	17.0515
5411 JP Equity	Tokyo	JFE HOLDINGS INC	1832174.00	NA	24.60%	24.601	1.188	253605	41.44%	-129543	185684	106872	1837404	28296	2473725	-5284	Steel-Producers	37.50%	-8606	746298	77388	185.84	-219495	439289	JP	442.764	3120	301786	2296	8.9942
RIG US Equity	New York	TRANSOCEAN INC	15931.44	-2.37%	32.22%	32.224	0.59	296	37.99%	-127	524.6	152.2	2481.5	171.7	2613.9	10.7	Oil&Gas Drilling	40.03%	0	7392.6	451.3	0.47	678.8	820.6	KY	2.593	49.33	67	-3.2	89.2193
BLT LN Equity	London	BHP BILLITON PLC	18670.34	NA	25.13%	25.133	1.263	5043	23.06%	-3043	1751	4927	6587	381	22887	-590	Diversified Minerals	41.83%	-1524	14038	1818	0.543	1734	6794	GB	1.176	756.5	18075	97	12.2982
6752 JP Equity	Tokyo	MATSUSHITA ELECTRIC INDUST	3868465.00	NA	17.10%	17.096	1.184	195492	61.47%	-275544	278177	42145	750847	27744	7479744	121944	Audio/Video Products	44.10%	-29218	3451576	1275014	18.15	1205191	473669	JP	59.303	1577	1971187	19618	6.5974
KPN NA Equity	EN Amsterdam	KONINKLIJKE KPN NV	16142.74	NA	17.46%	17.455	0.559	2469	14.68%	-1698	2371	1511	9442	612	11731	-474	Telephone-Integrated	44.18%	-796	6821	1573	0.63	-795	4840	NL	0.542	6.93	9397	47	15.9123
6501 JP Equity	Tokyo	HITACHI LTD	2283590.00	NA	16.21%	16.208	1.388	184863	83.77%	-810141	553614	15876	2497565	30855	8632450	-79395	Electric Products-Misc	115.00%	-19961	2168131	764396	4.81	1308888	738477	JP	23.407	678	1737433	22618	11.0144

Aswath Damodaran: Market cap in local currencyas of 3/18/05

Aswath Damodaran: Geometric average growth rate in EPS over last 5 fiscal years

Aswath Damodaran: Bloomberg beta, estimated using 2 years of weekly returns against local market index.

Aswath Damodaran: EBIT in most recent financial year

Aswath Damodaran: Cap ex in most recent finnancial year. The number is from the statement of cashflows and is reported as a negative number (indicating a cash outflow)

Aswath Damodaran: Number from most recent fiscal year.

Aswath Damodaran: Net income from most recent financial year after all extraordinary items.

Aswath Damodaran: Total debt reported on balance sheet at the end of the most recent financial year)

Aswath Damodaran: Interest expenses in most recent financial year. Some companies net this expense out against interest income and NA is reported for them.

Aswath Damodaran: Revenues in most recent financial year

Aswath Damodaran: Change in non-cash WC as reported by Bloomberg. A negative number indicates an increase in working capital and a positive number indicates a decrease in working capital.

Aswath Damodaran: Bloomberg industry subcategorization.

Aswath Damodaran: Total dividends paid in most recent financial year.

Aswath Damodaran: Book value of equity as reported in balance sheet at the end of the most recent financial year.

Aswath Damodaran: Cash and near-cash items as reported in balance sheet at the end of the most recent financial eyar.

Aswath Damodaran: EPS for most recent financila year, computed using primary shares outstanding.

Aswath Damodaran: Total working capital, inclusive of cash, at the end of the most recent financial year.

Aswath Damodaran: Consensus estiamte of EPS next financial year by analysts

Aswath Damodaran: Stock price at the end of the trading day: 3/17/05

Aswath Damodaran: Selling, general and admininstrative expenses for most recent financial year.

Aswath Damodaran: Minority interest reported as a liability on balance sheet.

Aswath Damodaran: Percent of stock held by institutional investors.

Aswath Damodaran: Annualized standard deviation in stock prices, using last 90 days of data.

Aswath Damodaran: Effective tax rate as reported by company in most recent year.

Aswath Damodaran: Analysts consensus estiamte of expected growth in earnings per share for this firm over next 5 years.

Your finished work should be submitted in Microsoft word format, i.e., .doc file, and is named as

required. For Example, if Betty Jones and John Smith finish project 2 individually, they should

be submitted as Proj2JonesB.doc and Proj2SmithJ.doc respectively.

The firmdata worksheet contains fundamental information on the 292 largest market cap non-

financial service companies in the world. On a relative valuation basis, please identify the most

undervalued firm and the most overvalued firm in this sample. In making this analysis:

 You can pick any multiple you want to make this judgment. This multiple can

either be an existing multiple (like PE or EV/EBITDA), a modified version of an

existing multiple (like PEGY) or a multiple that you invent. (Just make su re that

you put it through the consistency test) .

 You should provide descriptive statistics (mean, minimum, maximum, median,

etc) on the multiple you use, on the variables which you think affect the multiple

in your write-up.

 You have to show a scatter plot of that multiple against the key variable that you

believe determine that multiple (For example, if you pick PE ratios, the key

variable will be expected growth rates)

 You have to control for differences in risk, growth and cash flow potential. A

multiple regression is one way to do this but there are other approaches as well.

 You should make a table which shows the multiple linear regression results, and

explain your results.

 Eventually show the most undervalued and most overvalued firms and explain

why.

You can use Microsoft Exce l for your statistical analysis, and provide clear explanations. For

example, you can watch the video on how to use Excel to do the multiple linear regression

analysis. In your report you should include the statistical output and explain how you use it. You

may rank the firms based on undervaluation or overvaluation . You needn’t list all the firms . All

the data you need is included in the firmdata wo rksheet, don’t search outside for data.

MBD002E358A.doc

Your finished work should be submitted in Microsoft word format, i.e., .doc file, and is named as required. For Example, if Betty Jones and John Smith finish project 2 individually, they should be submitted as Proj2JonesB.doc and Proj2SmithJ.doc respectively.

The firmdata worksheet contains fundamental information on the 292 largest market cap non-financial service companies in the world. On a relative valuation basis, please identify the most undervalued firm and the most overvalued firm in this sample. In making this analysis:

· You can pick any multiple you want to make this judgment. This multiple can either be an existing multiple (like PE or EV/EBITDA), a modified version of an existing multiple (like PEGY) or a multiple that you invent. (Just make sure that you put it through the consistency test).

· You should provide descriptive statistics (mean, minimum, maximum, median, etc) on the multiple you use, on the variables which you think affect the multiple in your write-up.

· You have to show a scatter plot of that multiple against the key variable that you believe determine that multiple (For example, if you pick PE ratios, the key variable will be expected growth rates)

· You have to control for differences in risk, growth and cash flow potential. A multiple regression is one way to do this but there are other approaches as well.

· You should make a table which shows the multiple linear regression results, and explain your results.

· Eventually show the most undervalued and most overvalued firms and explain why.

You can use Microsoft Excel for your statistical analysis, and provide clear explanations. For example, you can watch the video on how to use Excel to do the multiple linear regression analysis. In your report you should include the statistical output and explain how you use it. You may rank the firms based on undervaluation or overvaluation. You needn’t list all the firms. All the data you need is included in the firmdata worksheet, don’t search outside for data.