FTSE Global Equity Index Series

MARKET REPORTS BY FTSE RESEARCH
94
FTSE Hedge Index Series
FTSE Hedge Management Styles (USD) – 5-Year Performance
160
140
120
100
80
60
40
May-00
Nov-00
May-01
Nov-01
May-02
Nov-02
May-03
Nov-03
FTSE Hedge
FTSE All-World
Directional
Event Driven
Non-Directional
FTSE Hedge – Management Styles & Strategies (NAV Terms)
Index Ann Return Volatility
Level* 1 mth 3 mth (5-Year) (3-Year)
Directional 2973.83 0.9% -2.1% 7.9% 5.0%
Equity Hedge 2041.82 -0.1% -1.8% 7.4% 4.3%
Commodity Trading Association (CTA) / Managed Futures 1983.03 1.3% -2.6% 10.5% 15.8%
Global Macro 1848.44 3.4% -2.6% 6.5% 6.9%
Event Driven 3064.03 0.2% -1.2% 3.5% 4.6%
Merger Arbitrage 2014.21 0.5% 0.7% 1.8% 1.8%
Distressed & Opportunities 2067.18 0.0% -2.8% 4.9% 7.6%
Non-directional 2957.64 -0.2% -0.5% 4.0% 1.7%
Convertible Arbitrage 1905.84 -0.1% -3.3% 7.5% 5.2%
Equity Arbitrage 1971.36 -0.5% 0.1% 4.6% 2.7%
Fixed Income Relative Value 2000.14 0.1% 0.5% 1.9% 1.3%
* Based upon indicative index values as at 31 May 2005
FTSE EPRA/NAREIT Global Real Estate Index Series
FTSE EPRA/NAREIT Global Real Estate Index Series Performance (Total Return) – Year to Date
120
115
110
105
100
95
90
Dec-04
Jan-05
Feb-05
Mar-05
May-04
Apr-05
Nov-04
Key: AC = All Cap, LC = Large Cap, MC = Mid Cap, SC = Small Cap, LC/MC = Large and Mid Cap
May-05
May-05
FTSE EPRA/NAREIT Global
Total Return Index ($)
FTSE EPRA/NAREIT North America
Total Return Index ($)
FTSE EPRA/NAREIT Europe
Total Return Index (€)
FTSE EPRA/NAREIT Eurozone
Total Return Index (€)
FTSE EPRA/NAREIT Asia
Total Return Index ($)
JULY/AUGUST 2005 • FTSE GLOBAL MARKETS