FOREIGN STOCK MARKETS

Stock index trends in native currencies and in dollars adjusted for currency fluctuations. The dollar-adjusted returns are what U.S. investors would realize.

Last week Year to date Market Native In dollars Native In dollars Australia +1.6% -0.4% +11.7% +11.2% Austria +3.5 +1.9 +16.2 +11.6 Belgium +4.2 +3.0 +17.9 +14.0 Britain +2.8 +1.6 +15.7 +12.7 Canada +2.6 +1.7 +8.4 +8.3 France +5.3 +3.9 +20.6 +16.1 Germany +5.2 +3.8 +14.0 +9.8 Hong Kong +2.6 +2.6 +20.9 +21.0 Italy +3.0 +1.9 +12.8 +9.8 Japan +1.8 +0.5 +12.8 +12.7 Netherlands +4.3 +2.9 +12.3 +8.3 Singapore/Malaysia +6.0 +5.1 +22.8 +22.5 Spain +5.0 +3.9 +23.2 +21.7 Sweden +5.2 +4.1 +30.2 +27.5 Switzerland +5.1 +3.2 +20.4 +13.5 United States +1.3% +13.9%

Source: Morgan Stanley Capital International