| Prepared by William Lim, University of New Brunswick. Go to http://www.site-by-site.com/usa/cef/international_equity.htm and obtain a summary report by clicking on the fund’s name. Brazil Fund (BZF)
China Fund (CHN)
India Fund (IFN)
Italy Fund (ITA)
Germany Fund (GER)
Japan Equity Fund (JEQ)
Based on Market Price, identify the funds that have experienced the best returns for 1yr, 5yrs, and 10 years. Do you get any differences in rankings based on NAV return? Which of the funds had the lowest average discount or highest average premium over the 5-yr period? Which of the funds had the highest turnover? What do your results imply about the value of diversifying in international markets? | 
2003 McGraw-Hill Higher Education